This tag is associated with 16 posts

EU Launches €315 Billion Investment Fund To Revive Europe’s Economy

The European Commission has set up a €315 billion European Fund for Strategic Investments, in which it hopes will revive growth and boost employment across Europe. According to European Commission estimates, taken as a whole, the proposed measures could add €330 – €410 billion to EU GDP and create up to 1.3 million new jobs … Continue reading You can buy residential proxy

BRICS Launch New $100 Billion Bank, Sign Agreement On $100 Billion Currency Reserve Pool

The BRICS grouping of emerging market nations — Brazil, Russia, India, China, and South Africa — have launched their $100 billion New Development Bank (NDB) — also known as the BRICS bank — and have signed an agreement on their $100 billion currency reserve pool — also known as the Contingent Reserve Arrangement (CRA) — ahead of the summit of SCO and BRICS being held in the Russian … Continue reading

China-Led New Silk Road Meets Russia-Led Eurasian Union

By Pepe Escobar, Sputnik News Any – exceptionalist – wishful thinking that Russia and China will abandon their solid “win-win” strategic partnership, fully crafted to their mutual national interests, was dispelled by a crucial visit to Moscow by Chinese Foreign Minister Wang Yi. In Moscow, Wang stressed both Russia’s Look East policy and China’s Go West … Continue reading

Turkish Stream Pipeline Will Make Greece Europe’s Major Gas Distributing Center, Putin Says

Russian President Vladimir Putin said on Wednesday that Greece’s participation in the Russia-proposed Turkish Stream gas pipeline project would make them Europe’s major gas distributing center and would bring them hundreds of millions of euros in annual revenues for transit services alone, in addition to raising the nation’s geopolitical status considerably. The statement from Putin came after talks … Continue reading

ASEAN Nations Finalize Banking Integration Framework Agreement

Members of the Association of Southeast Asian Nations (ASEAN) have finalized the ASEAN Banking Integration Framework (ABIF), which will allow the countries’ banks to enter into reciprocal bilateral agreements, Tan Sri Dato’ Sri Dr. Zeti Akhtar Aziz, the Governor of Malaysia’s Central Bank, BNM (Bank Negara Malaysia), announced on Saturday, Malaysia’s Bernama news agency reports. The new banking framework, or … Continue reading

China: Gold, SDRs, And The Future Of The International Monetary System

By Koos Jansen, BullionStar Possibly China’s national currency will be part of the IMF’s Special Drawing Rights (SDR) this year. If so, this would have substantial implications for the international monetary system. Currently the SDR, which was invented in 1969 right after the London Gold Pool collapsed, consists of US dollars (41.9 %), Euros (37.4 %), Pound … Continue reading

De-Dollarization Intensifies: America’s European “Allies” Desert Obama, Join China-Led Infrastructure Bank

This article was originally published on Zero Hedge By Tyler Durden It appears the sea of de-dollarization has reached the shores of Europe. With Australia and UK having already moved in the direction of joining the China-led AIIB, The FT reports that France, Germany, and Italy have now all agreed to join the development bank as ‘pivot to Asia’ appears to … Continue reading

Oil Geopolitics: South Stream Has Been Resurrected Through Balkan Stream – OpEd

As Russia begins to build a pipeline through Macedonia that could form the basis of a revised South Stream route, the Hungarian President is in talks with Erdogan over financing this enormous project. By Andrew Korybko, Sputnik News While many in the Balkans were lamenting the cancellation of the South Stream project last December, Russia was hard at work … Continue reading

Iran, Russia Ink Deal To Create Joint Banking Oversight Body

Iran and Russia have signed an agreement to create a joint regulation body that will oversee interbank financial transactions between the two nations, Iran’s Fars News Agency (FNA) reported on Saturday.  According to FNA, a memorandum of understanding (MOU) was signed by the deputy governors of the Central Banks of Iran and Russia on the supervision of the Central Banks over … Continue reading

What The BRICS And Germany Are Really Up To – OpEd

By Pepe Escobar Winston Churchill once said, “I feel lonely without a war.” He also badly missed the loss of empire. Churchill’s successor – the ‘Empire of Chaos’ – now faces the same quandary. Some wars – as in Ukraine, by proxy – are not going so well. And the loss of empire increasingly manifests itself … Continue reading

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