by Mish

Bold Actions

Macron seeks “bold” actions. He wants an EU “military intervention force”, a common budget, carbon taxes, national conventions to discuss the future of Europe, trade prosecutors to enforce countries to stick with the rules, and a Franco-German cooperation treaty,


I cannot think of a more destabilizing thing than a common military force that will undoubtedly be used to wage wars. Ukraine comes to mind.

Macron proposes taxing US tech companies by value created, rather than profits. Now how the hell is that supposed to work? Who gets to decide “value created”.

Franco-German Cooperation Treaty

Really?! And not include the rest of the EU?


How inclusive!

Ultimate Irony

The ultimate irony in Macron’s “Radical Appeal” is that Brexit, the rise of AfD, Marine Le Pen, and the rise of Beppe Grillo all happened because nannycrats insist on “more Europe” against the direct wishes of a large and growing percentage of the population.

I exit with this Tweet:

I do not believe Yanis Varoufakis is referring to Greece per se. Rather, Varoufakis refers to the general policy of migration, more Europe, etc.

Germany does not give a damn about Greece.

Peripheral Europe wants more bailouts. Germany wants more migrants. The Nannycrats want more political control over everything.

No one should be surprised that anger is rising across the board.

Mike “Mish” Shedlock

Radical Anti-EU Italian Deal Reached But Still No PM

We have a deal in Italy. And it's a radical one. What's changed?

Le Pen Calls for “Europe of Nations”, Blasts EU as “the Problem”

Striking back at the nannycrats who want “more Europe” including a “superstate”, French presidential candidate Marine le Pen instead seeks a “Europe of Nations”.

Italy’s Miserable Eurozone Experience: 20 More Years of Woe Coming

The Euro was supposed to lift all boats. Italy was left behind, and will stay there for two more decades according to the IMF.

Electoral Suicide: Beware the Radical Left

6 months ago I figured a recession would kill Trump's chances in the next election. But Radical socialism could save him

Erdogan “Prince of Europe” Rejects EU Demands to Reform Terrorist Law

Pretending Period is Over The refugee crisis in Europe got more interesting this week.

A Sunni Muslim Addresses the Question: Is “Radical Islam” the Problem or is “Islam” the Problem?

In 2015, President Obama told CNN that 99.9 Percent of Muslims Reject Radical Islam.

Italy Openly Fighting With EU and Germany.

Athens and Rome Expose Europe’s Greatest Faultlines Italy has €200 billion in non-performing loans, plus another €150bn of troubled debt. It has no productivity growth for 15 years, through its own fault.

Stupid is As Stupid Does: Trump Hits China With $200 Billion More Tariffs

The global trade war escalated moments ago when Trump fired back with a threat of $200 billion more tariffs.

Lies, Lies, and More Lies: EU Style

Brexit chief negotiator, Michel Barnier, is boxing with the wind, landing no punches with wild blasts at the UK.