Greece's Euro Exit Seems Inevitable - by Mark Gilbert

Greece's money troubles resemble a game of pass the parcel, where each successive participant rips another sheet of wrapping paper off the box -- which turns out to be empty when the final recipient reaches the core. With time and money running out, a successful endgame seems even less likely than it did a week or a month ago. It's increasingly obvious that the government's election promises are incompatible with the economic demands of its euro partners. Something's got to give.

The current money-go-round is unsustainable. Euro-region taxpayers fund their governments, which in turn bankroll the European Central Bank. Cash from the ECB's Emergency Liquidity Scheme flows to the Greek banks; they buy treasury bills from their government, which uses the proceeds to … repay its International Monetary Fund debts! No wonder a recent poll by German broadcaster ZDF shows 52 percent of Germans say they want Greece out of the euro, up from 41 percent last month.

There's blame on both sides for the current impasse. Euro-area leaders should be giving Greece breathing space to get its economic act together. But the Greek leadership has been cavalier in its treatment of its creditors. It's been amateurish in expecting that a vague promise to collect more taxes would win over Germany and its allies. And it's been unrealistic in expecting the ECB to plug a funding gap in the absence of a political agreement for getting back to solvency.

Read more: Greece's Euro Exit Seems Inevitable

Israel's Radical Right Claims Victory as Netanyahu Emerges With Slight Edge After Tight Race

I'll Be BACK

Israeli Prime Minister Benjamin Netanyahu appeared to fend off a strong challenge from the country's opposition leader in parliamentary elections Tuesday, emerging from an acrimonious campaign in a slightly better position to form Israel's next government.

But with the sides nearly evenly divided, a victory by Netanyahu's Likud Party still was not guaranteed. His chief rival, Isaac Herzog of the Zionist Union, said he would make "every effort" to form a government, and an upstart centrist party led by a former Netanyahu ally-turned-rival was set to be the kingmaker. The country now heads into what could be weeks of negotiations over the makeup of the next coalition.

Both Netanyahu and Herzog will now compete for a chance to form a coalition that commands a majority in the 120-seat parliament, a daunting task in Israel's fractured political landscape. Netanyahu appeared to have a better chance of cobbling together a government with right-wing and religious parties that he calls his "natural allies." Herzog would have to appeal to more ideologically diverse parties.

Read more: Israel's Netanyahu Emerges With Slight Edge After Tight Race

Cuba: EU’s foreign policy chief to visit Cuba as ties with West warm

The European Union’s foreign policy chief, Federica Mogherini, is to visit Cuba this month in the latest sign of warming relations between the Communist-ruled island and the West. 

Mogherini, a former Italian foreign minister, will visit Havana on March 23 to 24 to discuss developments in the country and prospects for EU-Cuba cooperation, the EU said in a statement on Saturday. 

She will be the most senior EU official to visit Cuba in recent years, and the trip comes as both the 28-nation EU and the United States have made diplomatic overtures to the island.

“Cuba is facing a very interesting period and the European Union is keen to see how we can take the relationship forward with strong momentum,” Mogherini said in a statement.

Read more: Americas - EU’s foreign policy chief to visit Cuba as ties with West warm - France 24

Greek Drama: Après nous, le déluge. "Italy, Spain to follow if Greece exits eurozone", says Greek defense minister

How to glue this old Vase again?

Greece's Defense Minister Panos Kammenos has said his country's exit from the eurozone could be followed by Italy, Spain and even Germany. Kammenos' interview comes amid lack of progress in Greece's bailout plan.

"If Greece explodes, Spain and Italy will be next and then at some point, Germany. We therefore need to find a way within the eurozone, but this way cannot be that the Greeks keep on having to pay," Kammenos told Bild.

Instead of a bailout, Greece needed a debt "haircut" like the one Germany's creditors had to accept in 1953, Kammenos proposed. He also argued that Berlin should pay World War II reparations to Athens. "All European countries have been compensated for crimes committed by Nazis, except for Greece," Kammenos said, referring to the gold Nazi soldiers brought back from Athens during the war.

The defense minister also accused Germany of "interfering" in its domestic affairs. His criticism was aimed at German Finance Minister Schäuble, who earlier warned of a "Grexident" which could push Athens out of the euro.

"I don't understand why he turns against Greece every day in new statements. It's like a psychological war and Schäuble is poisoning the relationship between the two countries through that," he said.

Note EU-Digest: Instead of blaming everyone else Greek officials should realize and admit that the reason they are in trouble is because of their own mismanagement of the country:They lied about their financial figures in order to join the euro-zone, they have out of control corruption, their civil servants are over payed and receive more perks than those in any other EU nation, the Greek tax system does not work and some of the richest people in Greece never pay any taxes, and last but not least, work ethic certainly is not one of the greatest assets of the Greek labor force. .

Read more: Italy, Spain to follow if Greece exits eurozone, says Greek defense minister | News | DW.DE | 14.03.2015

Venezuela: Euro MPs call on Venezuela to release detainees

The European Parliament called Venezuela Thursday to release students and opposition figures "arbitrarily detained" during protests against left-wing President Nicolas Maduro.

Maduro has launched a crackdown on the opposition, saying they are doing Washington's work in trying to oust him and other left-wing leaders in Latin America.

Earlier this week, the United States imposed sanctions against Venezuela as Maduro moved closer to rule by decree.

In a resolution passed by 384 votes to 75, the European Parliament called on the government of the oil-rich South American nation to release all those detained and to end its opposition crackdown.

Read more: Euro MPs call on Venezuela to release detainees | News , World | THE DAILY STAR

USA: Oliver Stone's Untold History of the United States

The Untold History of the United States is a 2012 documentary series directed, produced, and narrated by Oliver Stone. This, the final, episode in the series recounts the final phase in the U.S.’s metamorphosis from a republic into an empire. It also outlines the financial, business and geopolitical interests underlying the War on Terror as well as the terrible repercussions that war has had — not just on the populations of “enemy” states abroad, but on the freedoms and rights of U.S. citizens and the application of human rights law worldwide. 

The report is alarming if we put it into the context of the next US Presidential elections and the possibility that the US could be ruled by similar people as those described in this video.

See the video at: http://www.informationclearinghouse.info/article41209.htm

Making NATO defunct: Is EU Army intended to reduce US influence in Europe?

An EU Defense Force? Why not.

An EU military force is being justified as protection from Russia, but it may also be a way of reducing US influence as the EU and Germany come to loggerheads with the US and NATO over Ukraine.

While speaking to the German newspaper Welt am Sonntag, European Commission President Jean-Claude Juncker announced the time has come for the creation of a unified EU military force. Juncker used rhetoric about “defending the values of the European Union” and nuanced anti-Russian polemics to promote the creation of European army, which would convey a message to Moscow.
 
The polemics and arguments for an EU Army may be based around Russia, but the idea is really directed against the US. The underlying story here is the tensions that are developing between the US, on one side, and the EU and Germany, on the other side. This is why Germany reacted enthusiastically to the proposal, putting its support behind a joint EU armed force.

Previously, the EU military force was seriously mulled over was during the buildup to the illegal Anglo-American invasion of Iraq in 2003 when Germany, France, Belgium, and Luxembourg met to discuss it as an alternative to US-dominated NATO. The idea has been resurrected again under similar circumstances.

In 2003, the friction was over the US-led invasion of Iraq. In 2015, it is because of the mounting friction between Germany and the US over the crisis in Ukraine.

Franco-German differences with the US began to emerge after Tony Blinken, US President Barak Obama’s former Deputy National Security Advisor and current Deputy Secretary of State and the number two diplomat at the US Department of State, announced that the Pentagon was going to send arms into Ukraine at a hearing of the US Congress about his nomination, that was held on November 19, 2014.

As the Fiscal Times put it, “Washington treated Russia and the Europeans to a one-two punch when it revealed its thinking about arming Ukraine.”

Realizing that things could escalate out of control, the French and German response was to initiate a peace offence through diplomatic talks that would eventually lead to a new ceasefire agreement in Minsk, Belarus under the “Normandy Format” consisting of the representatives of France, Germany, Russia, and Ukraine.

Pessimists may argue that France and Germany opted for diplomacy in February 2015, because the rebels in East Ukraine or Novorossiya, as they call it, were beating Kiev’s forces. In other words, the primary motivation of diplomacy was to save the government in Kiev from collapsing without a fair settlement in the East. This may be true to an extent, but the Franco-German pair also does not want to see Europe turned into an inferno that reduces everyone in it to ashes.

Note EU-Digest: NATO was a good thing after the second world war but seems outdated today and dragging Europeans into US military adventures outside Europe. A EU conscript military would probably also be helpful in the unification process of Europe. As long as they call it a defense force meant soly to defend the territory of the the EU I would be for it.

Read more: Making NATO defunct: Is EU Army intended to reduce US influence in Europe? — RT Op-Edge