Middle East - Palestinians to EU: Suspend trade agreements with Israel to protest demolition of homes

European support for Sussiya must be backed with action, the community spokesman Nasser Muhammed Nawajah wrote in a letter he sent to EU foreign policy chief Federica Mogherini.

“Until today European support of the Israeli economy is expressed in the preferential conditions that Israel receives under its Trade and Association Agreements with Europe. The association agreement stipulates that ‘relations between the parties, as well as all the provisions of the agreement itself shall be based on respect for human rights and democratic principles’ and that this ‘constitutes an essential element of this agreement,’” he wrote

“In our opinion Sussiya is one example of how Israel continues to violate these principles and therefore we urge you to suspend Europe’s trade agreement with Israel as well as end trade with companies operating in settlements on occupied territories until Israel fulfills its obligation under international law,” he wrote.

A copy of the letter was posted on the twitter site of the NGO, the Palestinian Popular Struggle Coordination committee.
The US on Thursday warned Israel against the pending demolition of structures both in Sussiya and nearby Wadi Jahish.

“Demolition of this Palestinian village or of parts of it, and evictions of Palestinians from their homes would be harmful and provocative,” State Department spokesman John Kirby told reporters in Washington on Thursday, as he focused his public comments on Sussiya.

Read more: Palestinians to EU: Suspend trade agreements with Israel to protest demolition of homes - Arab-Israeli Conflict - Jerusalem Post

Communications - Geo-Blocking: EU opens antitrust case against 6 major US movie studios - by Raf Casert

The European Union on Thursday launched an antitrust case against six major U.S. movie studios and British satellite broadcaster Sky UK, in a move that could profoundly shake up the highly lucrative pay-television market in Europe.

The EU's executive Commission has sent a so-called statement of objections to the companies regarding what it says are "contractual restrictions" preventing EU consumers outside Britain and Ireland from accessing the services of Sky UK.

"European consumers want to watch the pay-TV channels of their choice regardless of where they live or travel in the EU," EU antitrust chief Margrethe Vestager said. "Our investigation shows that they cannot do this today."

The companies involved are all household names and produce some of the most popular — and profitable — movies around.

In addition to Sky, which has cornered a large chunk of the British pay-TV market through its acquisition of sports and movie rights, the Commission sent its objections to NBCUniversal, Paramount Pictures, Sony, Twentieth Century Fox, Disney and Warner Bros.

In a statement, the Commission said it found clauses requiring Sky to block access to films through its online or satellite pay-TV services to consumers outside Britain and Ireland — so-called "geo-blocking."

Note EU-Digest: Good action by EU Commission. Private sector should keep hands-off prohibiting free-choice of consumers in every area, including cultural expressions and presentations. 

Read more: EU opens antitrust case against 6 major US movie studios - The Denver Post

US Presidential Elections: - Trump details fabulous riches in White House bid

The Federal Election Commission released the document on Wednesday, a week after Trump filed the form claiming the staggering net worth that critics believe he has exaggerated.

His financial disclosure form, which all White House candidates have to file to qualify, lists a whopping 515 different positions and 168 different assets and sources of income.

It lists 23 separate assets valued at more than $50 million each, including real estate in Chicago and New York, golf clubs in Scotland and the US, a Florida holiday resort and aircraft.

Many items required that he check the box marked "$50 million or more" -- such as in the case of a building perhaps worth $1.5 billion, it said.

It says the Miss Universe pageant, which Trump owns, is worth between $5 and $25 million.

The form says he earned more than $1.7 million from speaking engagements last year, including $450,000 each on three separate occasions in February, May and June in 2014.

It even lists a Screen Actors Guild pension giving him an income of more than $110,000.

Note EU-Digest: among all the Republican Presidential  candidates Donald Trump is probably the only one who could possibly beat Hillary Clinton.

Read more: Flash - Trump details fabulous riches in White House bid - France 24

Netherlands Company Introduces Plastic Roads That Are More Durable, Climate Friendly Than Asphalt - by Katie Valentine

The Netherlands is already home to the world’s first solar road (or bike lane, technically). Now, the country could soon be the first to use recycled plastic as pavement.

The idea for plastic roads comes from VolkerWessels, a Netherlands-based construction firm. According to the company, plastic roads would be a “virtually maintenance free product” that’s “unaffected by corrosion and the weather.” The roads could handle temperatures as low as -40°F and as high as 176°F.

The company says that this hardiness will make the roads’ lifespans three times as long as typical asphalt roads.

According to the company, any type of recycled plastic can be used. The main goal, the company says, is to keep plastic out of the oceans.

The idea for plastic roads came after the company took a look at all the different road-related problems cities face, said Simon Jorritsma from InfraLinq, a subdivision of VolkerWessels and KWS Infra that works specifically with asphalt. Those problems included a future where oil — the main component of asphalt — is less available, as well as more immediate problems like flooding and road maintenance.

“For contractors, asphalt is a great and sound product to build roads,” Jorritsma said in an email to ThinkProgress. “However, contractors have to meet more and more demands concerning noise reduction, water permeability, and flatness. These questions and conditions were the inspiration which have led to the idea of the PlasticRoad.”

Read more: Netherlands Company Introduces Plastic Roads That Are More Durable, Climate Friendly Than Asphalt | ThinkProgress

Eurozone: The battle over the eurozone's future - by Duncan Weldon

While a Grexit has been avoided in the short term, the medium- to longer-term risk remains.

But in many ways the last few weeks in Greece have been the start of a bigger battle, a battle on what the eurozone of the future will look like.

Few now doubt that the institutional architecture of the zone is flawed. A currency union without a fiscal union was always vulnerable to these sort of shocks. And, perhaps more crucially, a currency union in which the banking system is still predominantly national, rather than European, was always likely to run into problems.

In a more ideal world - in a situation in which Greek banks were constrained and unable to extent credit - French, German and other lenders would have stepped into the breach.

It's hard to avoid the thought that the politics of European integration ran ahead of the economics of the underlying reality.

The last few weeks have exposed a sharp Franco-German divide. On one level, this is ideological. For France the euro is irreversible, the culmination of decades of integration. But the German view differs. They see the single currency as an agreed set of rules and behaviours and, if someone "breaks" the rules, they can be thrown out.

Their analysis of the underlying economics of the crisis differs, too. The Germans believe the tough fiscal rules agreed in 2012 are the answer to the crisis: legislate that states should be running sound public finances and these sorts of crises won't appear.

In a more ideal world - in a situation in which Greek banks were constrained and unable to extent credit - French, German and other lenders would have stepped into the breach.

It's hard to avoid the thought that the politics of European integration ran ahead of the economics of the underlying reality.

The last few weeks have exposed a sharp Franco-German divide. On one level, this is ideological.

For France the euro is irreversible, the culmination of decades of integration. But the German view differs.

They see the single currency as an agreed set of rules and behaviours and, if someone "breaks" the rules, they can be thrown out.

Their analysis of the underlying economics of the crisis differs, too.

The Germans believe the tough fiscal rules agreed in 2012 are the answer to the crisis: legislate that states should be running sound public finances and these sorts of crises won't appear.

Read more: The battle over the eurozone's future - BBC N

Greece: Krugman slams Greece, Germany slams Krugman - by Matt Clinch

Renowned economist, and a fervent critic of austerity, Paul Krugman has slammed the Greek government for accepting harsh tax and reform measures. On the very same weekend, German Finance Minister, Wolfgang Schaeuble, openly questioned the Nobel Prize-winner's knowledge of Europe's monetary union.

Krugman had been calling for Greece's government to reject the proposals that creditors have demanded in exchange for unlocking much-needed cash. He had dubbed the demands as "madness" and a "complete destruction of national sovereignty."

With the reforms having been given the green light, Krugman told CNN Sunday that he may have "overestimated the competence of the Greek government."

"(The Greek government) thought they could simply demand better terms without having any backup plan," he told the news channel in an interview. "So, certainly this is a shock."

The radical-left Syriza Party was elected this year with a mandate to reject tough austerity measures from creditors but last week agreed to a deal despite Prime Minister Alexis Tsipras stating that he did not believe in it. Tsipras has since tried to weather a storm within his own party and experts suggest that another election could come later this year.

Krugman - a noted Keynesian - has been a very vocal critic of the austerity that has been placed on Greece from euro zone lawmakers, which include those in Berlin. Schaeuble used an opportunity to respond to Krugman when asked about the economist in an interview with German newspaper Der Spiegel.

"Krugman is a prominent economist who won a Nobel Prize for his trade theory," he said in an interview on Saturday.

"But he has no idea about the architecture and foundation of the European currency union. In contrast to the United States, there is no central government in Europe and all 19 members of the euro zone must come to an agreement. It appears Mr. Krugman is unaware of that."

Read more: Krugman slams Greece, Germany slams Krugman

Iran nuclear deal: UN Security Council endorses Iran nuclear deal- by Sarah Joanne Taylor

The United Nations Security Council has endorsed the Iran nuclear deal, although the country’s Islamic Revolutionary Guards Corps commander has deemed the agreement “unacceptable.”

Iran’s semi-official Tasnim News Agency quoted Commander Mohammed Ali Jafari:
“Some parts of the draft have clearly crossed the Islamic republic’s red lines, especially in Iran’s military capabilities,” he reportedly said ahead of the resolution being passed in New York. 

The fifteen-member body unanimously agreed to adopt the resolution, which will curb Iran’s nuclear programme for the long term in return for the lifting of sanctions.

As the deal was agreed, the Security Council warned sanctions can be reimposed if Tehran breaches the agreement within the next decade.

Read more: UN Security Council endorses Iran nuclear deal | euronews, world news

NSA Spying: Some German officials now use disposable phones over eavesdropping fears

The so-called "burner" phones have been used not only in countries such as Russia and China, which continue to be at loggerheads with the West over a number of issues, including the Ukraine conflict - but also during visits to close allies such as the Britain and the United States, "Der Spiegel" news magazine reported on Saturday.

The magazine said politicians had been advised by Germany's Federal Office for Information Security to use disposable phones and only download essential data on it.

"There are clear signals that people are getting more sensible," the report quoted one security source as saying.

For years, security agencies have warned their leaders of the dangers of mobile phones and eavesdropping. During their visits abroad, officials run a particularly high risk when leaving phones unattended in order to hold secret talks as this opens a window of opportunity for spy agencies to manipulate the phones or even upload surveillance programs.

Following a year of revelations that the US National Security Agency had allegedly been listening on phones belonging to German Chancellor Angela Merkel and other key German politicians, these fears have become a reality for Germany. A WikiLeaks report published last week suggested that NSA spying had gone on for much longer than previously thought.

Despite the advice from Germany's security authorities the "burners" have not been introduced universally across the cabinet. Both Foreign Minister Frank-Walter Steinmeier and Economics Minister Sigmar Gabriel reportedly went on their recent respective trips to Cuba and China with their normal phones.

 Read more: German officials use disposable phones over eavesdropping fears | News | DW.COM | 18.07.2015

Preventive Healthcare: Pro-business lobbying giant US Chamber of Commerce waging global lobbying campaign against anti-smoking laws

CVS Health Corporation (CVS) made big news recently when it cancelled its membership in the U.S.
Chamber of Commerce, the pro-corporate,Washington lobbying giant that was recently revealed to have been waging a global lobbying campaign against anti-smoking laws.

Given its stated commitment to health promotion, CVS did the right thing. But six major health care companies, four of which sit on the Chamber's board – and all of which have anti-smoking programs – haven't done anything. It's time to hold them accountable.

These companies should not be allowed to profit from the US Chamber's corporate lobbying and then stick their heads in the sand when it's caught working directly against public health and safety.

Sen. Elizabeth Warren and a group of fellow Democratic senators have just sent a letter to all 108 companies on the Chamber's board, demanding that they state their positions on the Chamber's pro-smoking lobbying.

But six major health care companies who are Chamber members – Aetna, Cigna, Anthem, the Health Care Service Corporation, the Steward Health Care System of Boston, and the Indiana University Health system – also have a responsibility. All of them support anti-smoking programs, but the Chamber’s efforts undercut that mission.

Today, tobacco use remains the leading cause of preventable deaths in the U.S. and around the world. Cigarette smoking accounts for almost half a million deaths a year in the U.S. alone. Smoking causes cancer, heart disease, stroke, lung diseases, diabetes, emphysema, and chronic bronchitis.³

Tell these health care companies: Drop your affiliation with the pro-smoking U.S. Chamber of Commerce. Click here to sign the petition.

EU-Digest

Greek parliament approves tough reforms demanded by Brussels with large majority

Greece’s parliament has approved tough new austerity reforms by a large majority.

The result was 229 votes to 64 in the 300 seat chamber. There were 6 abstentions and one absentee.

The passing of the bill was set as a condition by Brussels for an 86 billion euro bailout over the next three years.

The vote came after Prime Minister Alexis Tsipras, who had been facing a revolt by his own Syriza party, made an emotional speech to get them on board.

Even though he had declared his dislike for the terms agreed with Greece’s creditors he said he had done his best for the country
 .
In the end one-in-four Syriza party members did not back the bill.

Read more: Greek parliament approves tough reforms demanded by Brussels | euronews, world news

NSA Spying on EU: Report: Evidence of 2011 US cyberattack on EU defense giant EADS in Germany

"Bild am Sonntag" said on today Sunday July 12 that it inspected a "confidential letter" provided by Germany's foreign intelligence services - the BND - to the domestic intelligence agency - the Verfassungsschutz - outlining a "suspected" attack on European arms manufacturer European Aeronautic Defence and Space Company (EADS) from American soil.

"From a foreign intelligence service, the BND received information about a suspected data tap at EADS Germany," the letter is reported to have said.

The German news outlet claimed that it was the first shred of evidence of a 2011 cyberattack on the French-German manufacturer, headquartered in Munich, since the onset of collaboration between the US National Security Agency (NSA) and the BND.

"Bild am Sonntag" reported that on November 2, 2011, hackers planted a spy program on the computers of EADS, during which 5,116 "connections" were said to have been found between the company's computers and the US-based "aggressors."

Germany's Protection of the Constitution committee informed EADS - now known as the Airbus Group - that their networks may have been compromised by the apparent attack, which had been initially traced to a server in Los Angeles.

Read more: Report: Evidence of 2011 US cyberattack on defense giant EADS in Germany | News | DW.COM | 12.07.2015

Greece: Eurozone sets Greece tough terms as euro exit looms

Eurozone leaders set Greece brutal take-it-or-leave-it conditions for a desperately needed bailout deal at a summit on Sunday as an exit from the single currency loomed ever larger.

Hawkish Germany pushed for a Greek "time out" from the euro if leftist Prime Minister Alexis Tsipras fails to agree terms for a three-year rescue plan worth up to 86 billion euros ($96 billion).

Athens faces demands to push through new reform laws next week to win a third bailout since 2010, with the government in a tight corner as the cash-starved country's banks look set to run dry in days. 

"There will be no agreement at any price," Merkel said as she arrived for the summit of 19 eurozone leaders, complaining of a loss of trust in Athens and warning of "tough negotiations" ahead.

Read nore: Eurozone sets Greece tough terms as euro exit looms - Yahoo News

America is ready for socialism! Massive majorities back Bernie Sanders on the issues — and disdain Donald Trump - by Paul Rosenberg

Donald Trump is throwing the GOP primary into chaos by channeling the GOP’s id, spinning out wild fantasies of the Mexican government deliberately sending a flood of rapists and murderers across the border.

But Bernie Sanders is disrupting Hillary Clinton’s coronation on the Democratic side by channeling the party’s soul, with a specifically issue-based focus.

In a way, both men are vividly illustrating a basic asymmetry that runs through American politics—between left and right, liberal and conservative, Democrat and Republican—which was first comprehensively described by public opinion researchers Lloyd Free and Hadley Cantril in their landmark 1967 book, “The Political Beliefs of Americans: A Study of Public Opinion,” and which political scientist Matt Grossman discussed in a recent Salon interview. Free and Cantril found that half the population was ideologically conservative, in the sense of preferring a smaller, more limited government, while about two-thirds was operationally liberal, in the sense of wanting to spend more on specifically identified government programs.

Subsequent research has intensified this division. Conservatives win by making broad, sweeping appeals, which can often have little relationship with the facts (Iraq’s WMDs, “voter fraud,” global warming denialism, etc.). Liberals win by focusing on how to fix specific problems. Thus “government spending” in general is seen as a negative, but spending on most specific programs is strongly supported. The pattern is clear: The more practical the question, the more liberal the answers. That’s just how U.S. politics works.

Trump takes the conservative side of this formula to an extreme, making broad, ludicrous false claims in his narcissistically self-confident manner. What’s grabbing headlines now are his false claims about illegal immigrant crime, but he remains completely detached from reality regarding Obama’s citizenship as well—an act of broad stigmatization that also typifies conservative thought. When NBC’s Katy Tur brought up his birtherism, Trump treated her with disdain: “Well, I don’t know. According to you it’s not true.” When she responded straightforwardly, “He released his birth certificate,” Trump doubled down on the disdain, “You know, if you believe that, that’s fine. I don’t care. It’s an old subject.”

Bernie Sanders is the exact opposite of Trump. As a proud self-described democratic socialist, he willingly makes himself a target for the kind of demonization that Trump hands out like candy, and he responds to attacks—actual and potential—by doubling down on policy specifics, where he correctly feels he’s on very firm ground. In a recent interview with John Nichols in the Nation, Sanders sketched out his response to such attacks, which are now routinely leveled indiscriminately.

Mitch McConnell, the Republican leader in the Senate, often criticizes President Obama, incorrectly, for trying to push “European-style socialism,” and McConnell says the American people don’t want it.

First of all, of course, Obama is not trying to push European-style socialism. Second of all, I happen to believe that, if the American people understood the significant accomplishments that have taken place under social-democratic governments, democratic-socialist governments, labor governments throughout Europe, they would be shocked to know about those accomplishments. One of the goals of this campaign is to advance that understanding….

How many Americans know that in virtually every European country, when you have a baby, you get guaranteed time off and, depending on the country, significant financial benefits as well. Do the American people know that? I doubt it.

Do the American people even know that we’re the only major Western industrialized country that doesn’t guarantee healthcare for all? Most people don’t know that. Do the American people know that in many countries throughout Europe, public colleges and universities are either tuition-free or very inexpensive?

Read more: America is ready for socialism! Massive majorities back Bernie Sanders on the issues — and disdain Donald Trump - Salon.com

Europe's Future Is Federal - by Jean Tirole

Numerous Europeans view Europe as a one-way street: they appreciate its advantages but are little inclined to accept common rules. An increasing number throughout the Union are handing their vote to populist parties – Front National, Syriza, Podemos – that surf on this Eurosceptic wave and rise up against “foreign”- imported constraints.

Embroiled with the Greek crisis, European policymakers will soon have to step back and reflect on the broader issue of the Eurozone’s future. Before envisaging an exit or, on the contrary, more sustained integration, it’s right to reflect upon the consequences of each option.

Oversimplifying, there are three strategies for the Eurozone: a minimalist approach that would see a return to national currencies, while keeping Europe perhaps as a free trade area and retaining a few institutions that have made a real difference such as common competition laws; the current approach based on the Maastricht Treaty of 1992 and its fiscal compact update in 2012; and, finally, the more ambitious version of federalism. My own clear preference is for the federalist version but I’m not at all convinced that Europeans are ready to make it work successfully.

Note EU-Digest:  Federalism is probably the only way to go if Europe does not want to become subservient to the presently ruling superpowers, China, the US, and even Russia. Populism and nationalism is not the way to go, as it has always turned sour in Europe's history. True federalism would certainly require finding another historic shining political star like Mustafa Kemal Ataturk, who has the ability to get the EU reorganized, and all the EU member states moving in the same direction. Let's hope we get blessed soon in finding that "needle in the political haystack" to rescue the EU out of the iron grip of the Wall Steet dominated financial community.

Read more: Europe's Future Is Federal » Social Europe

Global Economy: Sluggish U.S. Economy Weakens Global Growth

The International Monetary Fund on Thursday trimmed its forecast for global economic growth for this year to take into account the impact of recent weakness in the United States.

But the global financial institution said growth prospects for next year remain undimmed, despite Greece's debt crisis and recent volatility in Chinese financial markets.

In an update to its World Economic Outlook report, the IMF said the global economy should expand 3.3 percent this year, 0.2 percentage point below what it predicted in April. Growth should speed up to 3.8 percent next year, it said, unchanged from earlier forecasts.

The IMF pinned much of the blame for the lower growth forecast on the United States. The U.S. economy contracted in the first quarter, hurt by unusually heavy snowfalls, a resurgent dollar and disruptions at West Coast ports.

The IMF said it expected the U.S. economy to grow 2.5 percent this year - it lowered the U.S. growth forecast last month from 3.1 percent in April. The IMF also said U.S. economic sluggishness had spilled over to Canada and Mexico.

"(But) the unexpected weakness in North America ... is likely to prove a temporary setback," the IMF wrote in the report.

The IMF also maintained its forecasts for a pickup in growth in the euro zone, despite Greece moving ever closer to the edge of default and an exit from the currency bloc as it races to find a last-minute third bailout.

"Developments in Greece have, so far, not resulted in any significant contagion," the IMF said. "Timely policy action should help manage such risks if they were to materialize."

Read more: Sluggish U.S. Economy Weakens Global Growth | The Fiscal Times

Greece crisis: Tsipras under pressure to submit reform blueprint to creditors - total foreign debt: € 246 billion

Fforeign debt of €246b Greece and local debt € 32b 

Greece is under intense pressure to table a last-chance blueprint for radical economic reform, tax increases and spending cuts on Thursday in order to secure a future in the euro and stave off financial collapse.

The reform proposals are to be sent to Greece’s creditors with negotiations at the critical stage. The embattled Greek prime minister, Alexis Tsipras, accused his eurozone creditors on Wednesday of exploiting his country as an “austerity laboratory” for the past five years while formally asking Europe for three more years of rescue funds.

Note EU-Digest: Athens has accumulated a debt mountain of 175% of GDP amounting to € 246 billion. If you spread that over the population of 11.3 million Greeks, every Greek Citizens presently would owe approximately € 21 million to cover the debt. Very difficult to figure out how Greece would ever be able to pay this off unless a lot of the debt would be "forgiven".

EU-Digest

TTIP: US House of Reps says: "Europe Can't Boycott Israel"

According to the PNN, Israel’s Ynetnews indicated that two versions of the law had been presented to the House of Representatives and the Senate, clarifying that both versions included the section obligating EU countries to refrain from the boycott of Israeli products.

This section states that any affiliation and cooperation with the Boycott, Divestment and Sanctions (BDS) movement on the part of EU countries is in violation of the “principle of non-discrimination’ statute in the General Agreement on Tariffs and Trade (GATT).

According to Ynetnews, the second law did not pass at this stage due to disputes with respect to compensation for businesses in Europe. There was also severe opposition from Obama’s own Democrats, but it is expected that an agreement will be reached between the House of Representatives and the Senate during the coming days.

From the moment that an agreement is reached, a unified document will be presented to the American President, Barack Obama, for a review of the trade agreement as soon as possible. He will then sign the document and it will be put to the vote in the House of Representatives and the Senate.

Note EU-Digest: This is a "pipe dream" - US House of Representatives can't tell the EU what to do.

Read more: US House of Reps: Europe Can't Boycott Israel - International Middle East Media Center

Greece Exposes The Flaws Of A Wrong Europe - by Mehmet Ugur and Ozlem Onaran

The Greek people, their newly-elected government and many Europeans and non-Europeans with a sense of justice, history and solidarity, have been shouting loud: the “Greek problem” is a consequence of neo-liberal economic and financial policies that have become increasingly dysfunctional and dangerous. The problem has been made worse by the ascendance of sheer inter-governmentalism in Europe.

Both neo-liberalism and inter-governmentalism are the results of collusion between economic, financial and political elites in Europe, aided by economists, political scientists, lawyers, analysts and journalists with a conservative outlook. The symbiotic relationship between these two has been feeding on the spoils of increasingly unequal wealth accumulation. Their narrative about “Greeks living beyond their means” is nothing but an unashamed distortion of facts about both the present and the past.

The distortion of current facts takes the form of preaching to the Greek people on how they should show penance despite the facts on the ground. The origin of Greek debt, like subprime lending in the US and, given the general dysfunctionality of the financial system as laid bare by the Great Recession, is a result of reckless lending by private banks. Accommodating economic policies and perverse financial regulations have facilitated this – just as much as the symbiotic relations between the European arms industry and corrupt politicians in Greece, and tax evaders in Greece and tax havens in Luxembourg and elsewhere in Europe.

This distortion takes the form of misleading public opinion despite evidence that the ruling elite has secreted away. The conservative European elites and their henchmen have been pushing Greece towards destruction despite IMF documents showing that austerity is unlikely to make Greek debt either repayable or sustainable in the medium- to long-term.

The conservative rhetoric distorts the history of Europe too. Europe prospered and avoided repeated crises and wars only when it found collaborative solutions to collective problems. The leading proponent of austerity, Germany, was by far the biggest beneficiary of debt forgiveness. After World War I Keynes argued in the Economic Consequences of the Peace that the Versailles Treaty was a “Carthaginian peace” that would ruin Europe rather than set the conditions for economic recovery. This is very important not only because the demand for solidarity with the German people came from a scholar at the winning side, but also because the demand was made despite the fact reparations were meant to compensate for the human and material costs of more sinister German military actions in the form of war.

Note EU-Digest: Excellent report on the flaws of the European monetary and political structures which can be traced back to European Conservative Political forces copying and linking themselves to the "ruthless and corrupt" US financial system and the general dysfunctionality of that system, as laid bare by the 2007-2009 recession. This in addition to the reckless lending by private banks and accommodating economic policies and perverse financial regulations. When will Europe understand that the future of Europe must depend on our own needs and objectives and not be influenced by "surrogate" decisions on the other side of the Atlantic, as it unfortunately is today.

Read more: Greece Exposes The Flaws Of A Wrong Europe » Social Europe

Eurozone struggles to find joint response to Greek referendum - by Ian Traynor

Germany and France scrambled to avoid a major split over Greece on Monday evening as the eurozone delivered a damning verdict on Alexis Tsipras’s landslide referendum victory on Sunday and Angela Merkel demanded that the Greek prime minister put down new proposals to break the deadlock.

Read more: Eurozone struggles to find joint response to Greek referendum | Business | The Guardian

Insurance Industry: How the Internet of Things is transforming the insurance industry - by John Greenough

The ability to bring internet connection to nearly every type of consumer device will have huge implications for the insurance industry over the next five years. Insurers looking to cut costs, improve business practices, and better assess clients' risk levels, will increasingly invest in the Internet of Things (IoT). 

Some auto and health insurers are already offering a new type of insurance — usage-based insurance (UBI) that uses IoT devices to track clients' activity and offer discounts or rewards for healthy and safe behavior. We expect 17 million people will have tried UBI auto insurance by the end of this year.

In a new report from BI Intelligence, we examine the impact of the IoT on the insurance industry. From free fitness trackers to track individuals' exercise habits to drones to assess damages in unsafe post-disaster conditions, we analyze current US insurance markets — including the auto, health, life, and property insurance markets — and look at ways insurers are integrating IoT devices.

Read more: How the Internet of Things is transforming the insurance industry - Business Insider

Greece: With Greek ‘No’ Vote, Tsipras Wins a Victory That Could Carry a Steep Price - by Liz Alderman

Prime Minister Alexis Tsipras may have won a victory at home on Sunday as the Greek people dealt a resounding “no” to European austerity policies.

But Greece risks paying a high price for that decision. While the vote sharply consolidated Mr. Tsipras’s popularity, that could fade quickly if he leads the country deeper into bankruptcy and financial chaos, creating a new round of instability with consequences for Greece and the broader European project.

If anything, Mr. Tsipras is likely to find it harder, rather than easier, to strike a new financing deal quickly with European creditors, heightening the risk that Greece will careen out of the eurozone unless Europe decides to give Mr. Tsipras and his defiant nation another chance.

“What we need now is more wisdom from both sides,” said Loukas Tsoukalis, the president of the Hellenic Foundation for European and Foreign Policy, an Athens-based think tank. “Greece can’t go on because we’re on the edge of cliff,” he said. “After all this, the question is whether our partners would be so unwise as to push Greece over the edge, because that would be damaging for everyone.”

Some European officials acknowledged Sunday that greater flexibility might now be needed from their camp. Just as the referendum vote divided Greece, so, too, did it reveal fault lines between those European countries that appear willing to bend to keep Greece in the eurozone, and others, including Germany and the Netherlands, whose policy makers have all but suggested that the eurozone would be better off without Greece.

Read more: With Greek ‘No’ Vote, Tsipras Wins a Victory That Could Carry a Steep Price - The New York Times

Personal Privacy: T-Mobile was asked to turn over more customer info to NSA than its larger rivals - by Roger Cheng

T-Mobile received nearly 351,940 government requests for data in 2014, the most out of any of the four national wireless carriers.

The nation's fourth-largest carrier by subscriber base disclosed in its transparency report on Wednesday that it had fielded 177,549 criminal and civil subpeonas, 17,316 warrants and more than 3,000 wiretap orders.

It marked the first time T-Mobile issued a transparency report, which have become increasingly popular over the past year as civil liberties groups, shareholder and consumer advocates have pressured companies to be more open about when they disclose customer information. T-Mobile was the last of the four national carriers to issue a report, which comes amid continued scrutiny of surveillance programs run by the US National Security Agency -- including the bulk collection of phone call data -- that were revealed when former NSA contractor Edward Snowden leaked classified government documents.

The requests kept T-Mobile busy last year -- the number of requests jumped nearly 11 percent from 2013.
 
Read more: T-Mobile was asked to turn over more customer info than its larger rivals - CNET

USA: Wall Street banker pens sex and drugs tell-all book - by Sherryl Connelly

Blue-chip banker John LeFevre, after spilling Wall Street’s secrets 140 characters at a time, is back with a whole book about his cocaine-fueled days as a master of the universe.
“Straight to Hell” is shocking and sordid — and so much fun.

LeFevre was still working on Wall Street when he tweeted snippets of outrageous conversations supposedly overheard in the elevator at Goldman Sachs.

He’s given up the Twitter pseudonym @GS Elevator to spin the rest of his riveting tale in a tell-all that rivals “The Wolf of Wall Street” for dishing the insider dirt.

LeFevre bluntly sums up his approach: “No apologies, no f---s given.”

When LeFevre was transferred to Hong Kong in 2004, he soon discovered it was fantasy island for lions of Wall Street looking to shed their expensive suits and get nasty.

The hedge fund manager responsible for introducing him to powerful clients first handed him a phone number, advising LeFevre it was a priority: “It’s Joe’s cell number. You’re going to need it.”

“It’s not that bankers in New York or London are less deviant, they just can’t get away with what we can,” he writes of the no-holds barred events.

Read more: Wall Street banker pens sex and drugs tell-all book - NY Daily News

The Netherlands: A Look At The World’s High-Tech Startup Capital - by Conrad Egusa and Steven Cohen

Behind London and Berlin, the Dutch startup scene is already considered to be one of the most prominent in Europe. (If it feels unfair to weigh an entire country against individual cities, consider that the Netherlands has 17 million people crammed into an area half the size of South Carolina.

Startup Juncture reported 75 major deals in 2014, for a total of roughly $560 million in investment. Ten companies raised over $9 million. In the past few years, especially, each successive quarter has seemingly brought a new standard for sheer volume of activity. The road to this point has been long and deliberate, and Dutch entrepreneurs deserve credit for what they’ve managed to achieve thus far.

And yet, to herald Dutch innovation as it currently stands is to unveil a project that’s still only just underway.

The Dutch, on the whole, speak better English than probably any non-native population in continental Europe, one of the hallmarks of a consistently excellent education system that also scores among the highest worldwide in math and science metrics. Strong economic foundations in industry and commerce offer a dependable framework for continued growth.

And under the proven leadership of Neelie Kroes, the so-called “Internet-Tsar” of Europe, the government’s recent commitments to tech entrepreneurship may mark a bellwether of a new era in startup proliferation.

Read more: The Netherlands: A Look At The World’s High-Tech Startup Capital | TechCrunch

Greece says NO to austerity demands by Wall Street dominated financial sector and their IMF brainchild

The Greek No Vote has shown the rest of the EU that democracy is what counts and not the dictatorial rule of the Wall Street dominated global financial markets and its brainchild the IMF.

It will hopefully only hasten Europe's need to take a more independent route on a variety of issues, presently controlled by Trans-Atlantic financial and political forces.

Europe must choose for Greece, after all, aren't they one of us?
EU-Digest

Insurance Industry: "SURE" takes close look at readjustments and consolidations taking place in the European insurance industry

The Summer issue of SURE published by Koster Insurances takes a special look at the readjustments and consolidations taking place in the European insurance industry .

Also in this issue additional information on the upheaval in the European Insurance industry which comes not only as a result of new EU regulations affecting the Insurance market, but also as a direct consequence of changing economic times, circumstances and influences. Among these outside influences, probably one of the most important being the low interest rates.

SURE notes that For multinational companies, including those in the insurance industry, another dark cloud on the horizon seems to be that there is a general consensus among governments around the world, including the EU, that something has to be done about the tax evasion practices by many multinational corporations. To combat this problem the EU is presently developing a common EU tax base.

This issue of SURE also reviews the EU's sustainable energy strategy and how it can positively influence the job market, and looks specifically at market developments in Britain, Poland, Sweden, and the Netherlands concerning the insurance industry.

Koster Insurances, the publisher of the publication also announced in this issue that this would be the last issue of SURE in its present format. The publication was first published in 2006. 

EU-Digest