Thursday, February 26, 2009

European Chiefs Propose Global Rules

Curt Here...

The article posted below details that the European leaders are proposing for the April G-20 economic summit, new global economic rules. They are also seeking a common European position to present at this summit.

Why are the Europeans pushing this so actively? I think this statement in the article sums it very nicely when it says " Even the global crisis and a change of Administration may not be enough to convince the US to hand over its autonomy. " I see the US as wary of giving away powers of oversight and regulation," said Robert Brusca of Fact And Opinion Economics in New York."

It is very clear what is going on and I have been saying this for awhile. The Europeans are seeking to politically profit from this economic crisis. It is a economic power grab plan and simple.

I also find it very interesting that 7 out of the 8 countries that are pushing for these new global economic rules are from the WEU. The 8th country is the Cech Republic and the only reason they are listed is because they hold the current EU presidency, but I can guarantee you they wouldn't be listed if they didn't hold this current position of power.

IMHO opinion this is a very important article and gives us a snapshot into what is going on in the push for a one world currency and a new global world order.

Stay Tuned.



European chiefs propose global rules

European leaders mounted a united front against the global financial crisis yesterday, proposing sweeping new market regulations, but it remained unclear whether economic giants like the United States and China would go along.

Heads of government and finance ministers from Europe's largest economies joined German Chancellor Angela Merkel in Berlin to lay the groundwork for a common European position on economic reforms before an April 2 summit of the Group of 20 nations in London.

"Europe will own up to its responsibility in the world," Merkel said.

Leaders from Britain, France, Germany, Italy, Luxembourg, Spain, the Netherlands and the Czech Republic agreed to press for sanctions on tax havens, caps for managers' bonus payments and a stronger role and increased funding for the International Monetary Fund.

While the plans were based on an agenda adopted by the G-20 in November, the measures announced yesterday were more far-reaching and concrete, particularly on long-disputed issues such as hedge fund regulation....

....Even the global crisis and a change of Administration may not be enough to convince the US to hand over its autonomy.

"I see the US as wary of giving away powers of oversight and regulation," said Robert Brusca of Fact And Opinion Economics in New York.

For more click the link...


Anonymous said...

An interesting article. What about Bro Brian's article about Washington being so quick to contact Spain? He thinks Pres Obama might be cozying up to Spain because he sees Spain as a MidEast Peace Powerhouse.

the70thweek said...


I think Bro Brian may be on to something. There are a lot of interesting connections with the country of Spain, including the Barcelona Process, the home of the Mediterranean Union, Javier Solana and not to mention that Spain is one of the 10 of the WEU.

I think there is good reason for Obama to cozy up to Spain.


the70thweek said...

A quick update.

Brown to discuss "global new deal" with Obama

LONDON (Reuters) - Prime Minister Gordon Brown will discuss global financial supervision and coordinated measures to support the economy with U.S. President Barack Obama this week.

Brown will become the first European leader to meet the U.S. president, in Washington on Tuesday, since Obama's inauguration in January.

"I believe there is no challenge so great or so difficult that it cannot be overcome by America, Britain and the world working together," Brown wrote in the Sunday Times.

"That is why President Obama and I will discuss this week a global new deal, whose impact can stretch from the villages of Africa to reforming the financial institutions of London and New York, and giving security to the hard-working families in every country."

For more go here.

The push continues.


Anonymous said...

On the Drudge Report there was this article as well as another in Gordon Brown's own words (unless he has a speechwriter do his own editorials, that is...)

Well, I guess the surprise isn't that it this is going on, but that it is slower than I expected, if indeed this is the 70th week...

Anonymous said...

This was at the comments section at the website Israel: Epicenter of the World.

Turkey hops aboard Russia's ride
By F William Engdahl

Turkey and Russia grow chummier.