The Netherlands: banking industry electronic transactions work against consumers and in favor of banks during Public holidays and weekends - by RM

Banks in the Netherlands and probably also in many other places around the world are saying they can not make automatic electronic transfers during religious and other public holidays.

The question one should immediately pose ,when the banks make that statement is; why? Why should automatic banking transactions done on public holidays be any different from those done during the regular work week?

 For example: if you make an electronic transfer during the 4 day Easter holiday weekend in the Netherlands, say on Good Friday, to another bank account, the transferred money is immediately electronically debited from your own account, but than, the money only re-appears 4 days later on the account to which it was electronically transferred. before you see that transfer on your statement.

Obviously the question it raises is: WHAT DOES THE BANK DO WITH YOUR MONEY during those four days, or any other amount of time they hold it without telling you where it is or what they do with it during that time ?

What is happening to your money while it is hidden those four days of the Easter weekend or less during other regular Public holidays ?

The answer should not be too difficult to figure out . The bank has probably been making millions on interest and other speculative activities with your money.

If you ask the bank, however,  you will certainly get  a rather vague story.

Something definitely needs to be done here, especially given the bad reputation that banks have gained in recent years during and after the financial crises.

Almere-Digest

Belgium: Russian Poisoning case: Eight more Russians sent packing from Belgium

Eight more Russian diplomats are to be sent packing from Belgium and one from Ireland, but Russia's EU envoy is to stay in place.

The Belgian tally included seven to be expelled from Russia's mission to Nato, which is located in Brussels, and one from Russia's embassy to Belgium.

"Russia has underestimated the unity of Nato allies," Nato head Jens Stoltenberg said, announcing the move, which came in response to Russia's attempt to kill a former spy in England using a chemical weapon earlier this month.

"It sends a very clear message to Russia that it [its UK attack] has costs," he added.

The Belgian prime minister's office said it was committed to an "open and frank dialogue" with Moscow despite its move.

The Irish leader, Leo Varadkar, said the same day that he had expelled a Russian diplomat despite his country's history of neutrality in European conflicts.

Read more: Eight more Russians sent packing from Belgium

European Banking Industry: EU Commission wants fees cut on cross-border payments and transfers - by Irene Kostaki

Banks in the European Union will have to cut fees on cross-border payments, according to legislative proposals put forward by the European Commission on March 28.

European Commission Vice President for the Euro Valdis Dombrovskis’ plan is to make banks lower their consumer costs in the banking sector. The move is expected to reduce profits mostly for banks outside the 19 Eurozone member states, while the sector suffers from stiff competition from FinTech firms.

The EU’s second Payment Services Directive (PSD2), which came into force at the beginning of the year, lowers charges or has no fees for trans-national payments in euros within the Eurozone. Charges remain higher, however, for cross-border transactions from other EU countries outside the Eurozone.

Currency conversion fees will be capped for three years to put an end to excessive charges when EU citizens withdraw money or use their payment cards abroad or online for payments in or into euros.

“With today’s proposal we are granting citizens and businesses in non-euro area countries the same conditions as euro area residents when making cross-border payments in euro,” Dombrovskis, said on Wednesday.

When EU citizens buy abroad and decide to use the option provided and pay in their home currency, a local bank or other payment service providers will convert the amount of the transaction on the spot in exchange for a fee, a system known as a dynamic currency conversion fee.

“While dynamic currency conversion allows consumers to know immediately how much they have to pay, the use of this service is often more expensive than with their bank,” according to the European Commission.

The lack of necessary information to make the best choice often results in consumers being unfairly led towards the more expensive currency conversion option. The European Banking Authority will be tasked with drafting the necessary Regulatory Technical Standard to implement the new regulations, according to the EU executive

The EU Commission proposes a three-year transition period, after which, banks, credit cards, and other payment services will have to show currency conversion fees to consumers before they pay to allow each customer to determine whether it is cheaper to pay the conversion offered by their bank or the dynamic conversion service.

Read more: EU Commission wants fees cut on cross-border payments and transfers

Middle East Christian Communities: Why Did Christian Leaders in the Middle East Shun Vice President Pence's Visit?

The Middle East At Easter: "the US 
want Jesus to be a political Jesus"

According to Israeli news outlet Haaretz, Christian leaders in the Middle East shunned Vice President Mike Pence in his recent trip to their countries.

Christian leaders in Egypt and Jerusalem reportedly decided to boycott his visit, in an attempt to protest President Trump’s December 7th recognition of Jerusalem as Israel’s capital. Pence was unable to visit Bethlehem, the city where Jesus was born, because it is located in the occupied region of the West Bank controlled by the Palestinian Authority who declared that Pence was ” unwelcome in Palestine.”

Pence declared that recognizing Jerusalem as Israel’s capital is the “only true foundation for a just and lasting peace.” Arab Christians apparently disagree, wanting East Jerusalem to be the capital of a non-Israeli Arab state. Protestors held signs that read, “Pence you are desecrating our land. Pence go home.”

Pence reportedly completed his visit to the Middle East without meeting with any prominent Christian leaders from Egypt, Jordan and Israel. In his meeting with the Egyptian president, Abdel Fatah al-Sisi, Pence raised the issue of protecting Egypt’s Christians from persecution.

After meeting with King Abdullah of Jordan, Pence’s remarks made clear their disagreement over a two state solution: “Friends occasionally have disagreements, and we agreed to disagree on recognizing Jerusalem. We agreed all parties need to come to the table. I hope I impressed on him our earnest desire to restart the peace process.”

In his speech to the Knesset today Pence used religious symbolism, quoted from the bible, and explained his support for Israel as a moral and religious obligation, not solely a political one. His speech was interrupted by numerous standing ovations by Israeli  Knesset members.

According to The Associated Press, Palestinian Christians reject Pence’s “brand” of Christianity:

They argue that such streams of evangelical Christianity have used religion to whitewash Israel’s harsh policies during its half-century-old rule over millions of Palestinians.

“For me, it’s a sick ideology,” said Munib Younan, the recently retired bishop of the small Evangelical Lutheran Church in Jordan and the Holy Land and former president of the Lutheran World Federation, an umbrella for churches with millions of believers.

“When I say Jesus is love, they want my Jesus to be a political Jesus,” Younan, 67, a Jerusalem-born Palestinian, said in a recent interview at his West Bank church.

The AP adds that while Christian Arabs are a minority living in the West Bank, they lived peacefully next to their Muslim Arab neighbors, describing their neighborhoods as places “where the pealing of church bells often blends with the Muslim call to prayer.”

Note EU-Digest - Jesus Christ represents love not hatred or violence, and if politics and fanaticism was not injected as a result of  foreign interventions in the Middle East,  historical peaceful coexistence would still prevail there  today.   

Read more: Why Did Christian Leaders in the Middle East Shun Vice President Pence's Visit?

The Environment: China Has Met Its 2020 Carbon Target Three Years Early

China met its 2020 carbon intensity target — the amount of carbon dioxide it produces per unit of economic growth — three years ahead of schedule, according to the country’s top climate official, Xie Zhenhua. In 2017, China cut its carbon intensity by 46 percent from 2005 levels, a drop of 5.1 percent from the previous year, the state-run Xinhua News Agency reported.

Xie announced the milestone at the country’s Green Carbon Summit on Monday.

As part of the Paris Agreement in 2015, China, the world’s largest emitter of CO2, had pledged to reduce its 2005 carbon intensity by 40 to 45 percent by 2020. It has a goal of reducing carbon emissions by unit of GDP by 60 to 65 percent by 2030, and to halt increasing its emissions after that point.

China has struggled to meet another Paris pledge, however, to establish a national cap and trade system by 2017 for greenhouse gas emissions. Last December, the country launched emissions trading for the power sector, covering 1,700 companies and 3 billion tons of CO2 emissions, but a broader, multi-sector system has been delayed by technical problems and unreliable data, Reuters reported.

Read more:China Has Met Its 2020 Carbon Target Three Years Early - Yale E360

'EU Turkish Relations: Turkey needs Europe, Europe needs Turkey'

Turkey's not exactly the flavour of the month in the EU right now, but - as the two sides meet at a summit in Bulgaria - President Erdogan says it's time for the bloc to "keep to its promises."

Ankara kicked off formal membership negotiations in 2005 and, all these years on, they have effectively collapsed.

But there's a reluctance to walk away from each other.

"Europe should take its share of the refugees, so that we don't have to depend on people like Erdogan to manage the issue," said Philippe Lamberts, a Belgian Green MEP.

"That obviously requires a little bit of political courage, but at the end of the day, it's our strategic independence from Turkey."

Erdogan's alarmed the West with a massive purge following a failed coup attempt.

But Turkey remains the destination for many Syrians fleeing war - and an important ally in the NATO alliance. So is it really curtains for the membership bid?

"If Turkey cannot relaunch the reform process and is not anymore in a position to meet EU accession criteria, relations will evolve into a kind of partnership and will be shaped more and more around common interests and strategic priorities," commented political analyst Seda Gurkan.

"And Turkey is considered in Brussels actually as an important strategic neighbour or a key partner rather a candidate."

Three billion euros of fresh cash is expected to be pledged to Turkey to lengthen a deal on it taking in Syrian refugees. And for Ankara, the EU is its biggest foreign investor and trading partner.

"Turkey is not doing very well economically, it needs outlets" said Lamberts, "and it is very clear that bad relations with Europe are harmful to Turkey, so somewhere on the economic level Erdogan needs Europe and Europe in fairness needs Turkey."

With Syria, France has been one of the biggest critics of the Turkish military operation in Afrin - saying border security concerns did not justify it.

Read more: 'Turkey needs Europe, Europe needs Turkey' | Euronews

European Space Agency warns: China's Tiangong-1 space station 'will crash into Earth over Easter' possibly hitting populated areas- by Harry Pettit

China's out of control space station Tiangong-1 to crash on earth

China's out-of-control space station will crash into Earth this coming Easter weekend, according to the European Space Agency.

The agency's Space Debris Office has said Tiangong-1 will hit somewhere across our planet's northern hemisphere between March 30 and April 2.

Previous estimates suggested the rogue station, China's out of Cwhich is carrying highly toxic chemicals, would enter Earth's orbit on April 3.

According to experts tracking the station, it has the highest chance of crashing along a narrow strip around latitudes of 43 degrees north and south.

The ESA said crash date estimates were 'highly variable' and that its experts would be offering revised forecasts every couple of days.

'At no time will a precise time/location prediction from ESA be possible,' the agency's Space Debris Office, based in Darmstadt, Germany, said in a statement.

The doomed 8.5-tonne craft has been hurtling towards Earth since Chinese scientists lost control of it in 2016.

Experts believe most of Tiangong-1 will burn up upon reentry, but shards as large as 100kg (220lbs) could strike Earth.

Scientist believe that even in 'high risk' areas, the chance of being struck by Tiangong-1 debris is about one million times smaller than the odds of winning the Powerball jack. 

However, there is a chance parts of the station containing hazardous hydrazine could plummet into a highly-populated area.

Following Cities are listed as potential crash sites:

Barcelona	Spain	Milwaukee	USA
Beijing	China	Monaco	Monaco
Bilbao	Spain	Naples	Italy
Boise	USA	New York	USA
Boston	USA	Nice	France
Boulder	USA	Philadelphia	USA
Buffalo	USA	Pittsburgh	USA
Cannes	France	Punta Arenas	Chile
Chicago	USA	Rochester	USA
Christchurch	New Zealand	Rome	Italy
Cleveland	USA	Salt Lake City	Spain
Concord	USA	San Sebastian	Spain
Des Moines	USA	Sapporo	Japan
Detroit	USA	Sioux Falls	USA
Florence	Italy	Sochi	Russia
Istanbul	Turkey	Stanley	Falkland Islands
Kushiro	Japan	Toronto	Canada
Madrid	Spain	Trelew	Argentina
Marseilles	France	Valladolid	Spain

Read more: China's Tiangong-1 space station 'will crash into Earth over Easter' | Daily Mail On