Tag: china

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

August 1, 2012 0

Japan Manufacturing PMI Shows Output and News Orders Down at Accelerated Rate

By News Desk

Output and new orders down at accelerated rates New export business decreases at sharpest rate in 15 months Average costs fall to greatest extent since November 2009 July data from Markit/JMMA showed manufacturing output falling at the sharpest rate in 15 months, as both new orders and new export business decreased at accelerated rates. After adjusting for seasonal factors, the headline Markit/JMMA Purchasing Managers’ Index™ (PMI™) posted 47.9 in July, down from 49.9 in June, a level indicative of a moderate deterioration in operating conditions. Moreover, the latest index reading was the lowest in 15 months

July 31, 2012 0

ESM Banking License? Not Happening as Merkel Allies Harden Opposition

By News Desk

It won’t. Bloomberg reports Merkel Allies Harden Opposition to Granting ESM Bank License German Chancellor Angela Merkel’s coalition rejected granting the permanent euro rescue fund access to European Central Bank liquidity via a banking license, as the Finance Ministry said it saw no need for any such move. The rules of the European Stability Mechanism don’t provide for refinancing through the ECB, the ministry in Berlin said today in an e-mailed response to questions.

July 31, 2012 0

ESM Banking License? Not Happening as Merkel Allies Harden Opposition

By News Desk

It won’t. Bloomberg reports Merkel Allies Harden Opposition to Granting ESM Bank License German Chancellor Angela Merkel’s coalition rejected granting the permanent euro rescue fund access to European Central Bank liquidity via a banking license, as the Finance Ministry said it saw no need for any such move. The rules of the European Stability Mechanism don’t provide for refinancing through the ECB, the ministry in Berlin said today in an e-mailed response to questions.

July 29, 2012 0

Foreigners Dump Nearly €80 Billion in Spanish Debt; Haircuts Come After More Dumping

By News Desk

Foreigners Dump Nearly €80 Billion in Spanish Debt; Haircuts Come After More Dumping Through the first half of the year, foreigners reduced Spanish debt by Nearly €80 Billion as banks in Spain gobbled up more of the toxic garbage. Foreign investment in Spanish public debt has decreased by 7 €78.168 billion in the first six months of the year, standing at €203.271 billion euros, compared to €281.439 billion which reached the end of 2011. This is a break of 27.7% over last year