August 2, 2012 0

Draghi Hints at Bond Buying But Rules Out Banking License and Warns Governments Must Use EFSF/ESM, ECB Cannot Replace Governments; 10-Year Yield…

By News Desk

Here are some snips from ECB President Draghi Statement to Press Conference Based on our regular economic and monetary analyses, we decided to keep the key ECB interest rates unchanged, following the decrease of 25 basis points in July. As we said a month ago, inflation should decline further in the course of 2012 and be below 2% again in 2013. Exceptionally high risk premia are observed in government bond prices in several countries and financial fragmentation hinders the effective working of monetary policy.

August 1, 2012 0

Turkey Plays NATO Attack Dog, Risks Future

By News Desk

StopImperialism.com August 1, 2012 As the destabilization of Syria has evolved over the course of the last year and a half, what has become apparent to political observers is the seeming incongruity of Turkey’s role in the region.  While Ankara has attempted in recent years to establish itself as a force for political and economic change and progress, it has also assumed the role of a NATO attack dog, becoming a crucial weapon in the arsenal of the Western imperialists.  While Turkey’s actions in Syria, in particular the sponsorship and coordination of terrorists , must be vigorously condemned, it is also important to note the geopolitical and economic issues at stake for Turkey.  In doing so, those of us around the world who reject imperialist meddling and destabilization, who stand in opposition to Western hegemony and proxy states, must help push Turkey back onto the path of peace and progress. Turkey’s Role in Syria Anyone who has followed the evolution of the imperialist aggression against Syria has undoubtedly noted the insidious role that Turkey has played.  From a diplomatic perspective, Ankara has led the charge in demonizing the Assad regime , saying that it “stands against the will of the Syrian people†and is “killing its own people.â€Â  However, the reality is that Turkey, along with its collaborators in Saudi Arabia, Qatar, Lebanon and elsewhere, have done more to fan the flames of violence and instability than the Assad regime ever could