In the wake of the financial crisis that erupted in 2008, leading capitalist nations and blocs of nations are employing increasingly aggressive forms of protectionism to advance their interests.
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Wall Street tactics akin to the ones that fostered subprime mortgages in America have worsened the financial crisis shaking Greece and undermining the euro by enabling European governments to hide their mounting debts.
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The Greek debt crisis has spread to Spain and Portugal in a dangerous escalation as global markets test whether Europe is willing to shore up monetary union with muscle rather than mere words
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US-based investment group Pimco, one of the world’s leading bond houses, said it will sell its UK government gilts this year.
It will be a hammer blow to the Treasury’s attempt to raise up to £200billion of government borrowing amid the deficit crisis.
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First orders of business for the post-Lisbon EU will be to appoint Tony Blair as the first President of the European Union. This move has been fully expected ever since Tony Blair’s highly suspect conversion to Catholocism two years ago. Liberty-minded people the world over will have the uncomfortable experience of watching the expansion of this vast new tyrannical superstate headed by unaccountable bureaucrats
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The Interior Ministry, currently headed by Wolfgang Schäuble, plans to expand the authority of the German state to spy on its own citizens. The domestic secret service will be given far-reaching powers and the separation of the police and secret services will be largely abolished.
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Creation of a massive cross-Europe database, amassing vast amounts of personal data on every single citizen in the EU.
The scope of this project also reveals a growing governmental preference for systems capable of locking people up not for what they have done, but for what theymight do.
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The Belgian parliament yesterday voted to give the government emergency dicatorial powers under the pretext of dealing with a pandemic emergency
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