Hard hitting global and local news
Read More: China Ponders Tariffs on EU Wine in Response to EU Tariffs on Solar Panels; Repetitive Stupidity
The last thing a country in recession should do is raise taxes. Well, Spain is in a depression, not a recession yet the EU requires Spain to raise the VAT and lower pension benefits within a year . One year.
View article: EU On Collision Course With Germany Over Tariffs; Yet Another Reason for UK to Exit EU
More: Hollande Asks ECB to Engage in Japanese Style Currency Debasement
View article: EU Emissions Trading in Tatters (As It Should Be)
Read More: Brussels Puts Spain Under Surveillance; Brussels Denies Putting Spain Under Surveillance
Paul Krugman "Was" Right Before discussing Paul Krugman and how right he was, let’s first take a look at the Spiegel Online report EU To Impose Tariffs on Chinese Solar Panels .
More here: German Finance Minister Throws Cold Water on Single Bank Resolution Agency; For How Long?
Additionally, The New York Times in its article, " Arms Airlift to Syria Rebels Expands, With C.I.A. Aid ," admits that: With help from the C.I.A., Arab governments and Turkey have sharply increased their military aid to Syria’s opposition fighters in recent months, expanding a secret airlift of arms and equipment for the uprising against President Bashar al-Assad, according to air traffic data, interviews with officials in several countries and the accounts of rebel commanders.
The El Pais Screwdriver Blog openly asks ” Are we to Liberate the Euro? ” Here is a Mish-modified translation: Today Spain has reached a record number of unemployed.