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When Adam Smith and Karl Marx agree...

Ha-Joon Chang on why separating politics from economic policies is bad for democracy. What free-market economists are not telling us is that the politics they want to get rid of are none other than those of democracy itself. When they say we need to insulate economic policies from politics, they are in effect advocating the castration of democracy. (Related FPP.)
posted by asnider on May 9, 2013 - 13 comments

 

Haircut in Cyprus

On Saturday the EU mandated that all bank deposits in Cyprus pay a 6.75% "stability levy" on the first €100,000 and 9.9% on the excess to help pay for €6 billion of the €10 billion bank bailout. This is despite opposition from the Cyprus finance minister, who stated earlier this month that "there really couldn't be a more stupid idea" and more recently that "I wish I was not the minister to do this". The scale of the bailout is nearly 50% of Cyprus' entire GPD, and many officials are concerned that the money will go to Russian gangsters and oligarchs. The Saturday announcement lead to a run on the ATMs, which caused banks to restrict electronic transfers and set a €400 withdrawal limit. Most ATMs were out of money by the end of the day and a frustrated man threatened one bank with a bulldozer. The plan was scheduled to be voted on by parliament on Sunday, but it has been delayed to Monday and might not be passed by politicians who have heard complaints from their Cypriot constituents all weekend. The Cyprus President warned of total financial collapse and euro exit if it is not approved.
posted by autopilot on Mar 17, 2013 - 107 comments

E.U. to Ban Cosmetics With Animal-Tested Ingredients

E.U. regulators are expected to announce Monday a ban on the import and sale of cosmetics containing ingredients tested on animals and to pledge more efforts to push other parts of the world, like China, to accept alternatives. [more inside]
posted by The Illiterate Pundit on Mar 11, 2013 - 27 comments

U.S. Chamber of Commerce influence in European Parlement

E.U. Data Protection Directive has many proposed amendments that MEPs cut and pasted directly from American right-wing lobbyists group and ALEC member the U.S. Chamber of Commerce (previously). [more inside]
posted by jeffburdges on Feb 12, 2013 - 25 comments

The Hunt For "Red October"

An advanced and well-orchestrated computer spy operation that targeted diplomats, governments and research institutions for at least five years has been uncovered by security researchers in Russia.
The highly targeted campaign, which focuses primarily on victims in Eastern Europe and Central Asia based on existing data, is still live, harvesting documents and data from computers, smartphones and removable storage devices, such as USB sticks, according to Kaspersky Lab, the Moscow-based antivirus firm that uncovered the campaign. Kaspersky has dubbed the operation “Red October.”
[more inside]
posted by the man of twists and turns on Jan 15, 2013 - 26 comments

Visualizing the Euro crisis

The Absurd Quest for Euro Crisis Images: The Greeks aren't the only ones sick of the euro crisis. Photographers are reaching the end of their tether too, struggling to shoot images of euro coins in various states of distress to illustrate the story. Though some of the photos are absurd, they still get published -- because news outlets are equally desperate. Gallery. [via]
posted by daniel_charms on Oct 17, 2012 - 19 comments

No Prize Awarded

The 2012 Nobel Peace Prize has been awarded to the European Union.
posted by gerryblog on Oct 12, 2012 - 95 comments

"A good day for Europe"

Today was, according to Angela Merkel, "a good day for Europe" - but it might also be the start of something much bigger. [more inside]
posted by athenian on Sep 12, 2012 - 36 comments

Perry Anderson's essays about modern states in The London Review of Books

Perry Anderson's book length three part series on the history of India from the beginnings of its independence movement, through independence and partition into its recent history as a nation-state is the latest in a series of erudite, opinionated and wordy articles in The London Review of Books by the UCLA professor of history and sociology on the modern history of various countries, so far taking in Brazil, Italy, Turkey, Cyprus, the EU, Russia, Taiwan and France. [more inside]
posted by Kattullus on Aug 25, 2012 - 6 comments

Financial Markets, Politics and the New Reality

Financial Markets, Politics and the New Reality: "Louis M. Bacon is the head of Moore Capital Management, one of the largest and most influential hedge funds in the world. Last week, he announced that he was returning one quarter of his largest fund, about $2 billion, to his investors, [saying] it is impossible to make money when there is heavy political involvement, because political involvement introduces unpredictability in the market… Adam Smith and David Ricardo, who modern investors so admire, [never] used the term "economics" by itself, but only in conjunction with politics; they called it political economy… The investors' problem is that they mistake the period between 1991 and 2008 as the norm and keep waiting for it to return."
posted by the mad poster! on Aug 9, 2012 - 36 comments

Paris, London, Berlin, Brussels

The Big Three of EU Foreign Policy: Stefan Lehne on the contrasting roles of Germany, France and the UK.
posted by rollick on Aug 3, 2012 - 4 comments

Consumer Rights in the Age of Steam

The Court of Justice of the European Union has ruled that people can resell used software licenses. Rock, Paper, Shotgun speculates about what this will mean for gaming, an industry which has embraced digital distribution wholeheartedly.
posted by gilrain on Jul 3, 2012 - 77 comments

Science: It's a Girl Thing!

An EU campaign called Science: It's a Girl Thing! has released a promotional video that has not gone over well. [more inside]
posted by alby on Jun 22, 2012 - 102 comments

"Some industry group had managed to put up a poster across the entire door, urging them to vote for adoption"

ACTA's final E.U. committee meeting has some amusing anecdotes. [more inside]
posted by jeffburdges on Jun 21, 2012 - 6 comments

Happy Schuman Day!

The EU might be tearing itself apart in the wake of the bankers' crisis, but that's no reason not to celebrate Europe Day, held each year on 9th May, the day on which Robert Schuman put forward his proposal for the creation of an unified Europe. And what better way to celebrate than with the official EU anthem, as done by the Muppets? [more inside]
posted by MartinWisse on May 9, 2012 - 36 comments

Austerity

If Britain were Greece... (audio slideshow)
posted by fearfulsymmetry on Feb 29, 2012 - 39 comments

Nie ufaj nikomu przez 30 lat.

Piotr Czerski sets out a Polish manifesto demanding respect for the internet generation (translated from the original Polish) that is reminiscent of a Eastern European addition to previous internet manifestos. Poland is somewhere this has definite roots however, with a recent anti-ACTA protest of over 10,000 people and legislators wear anon masks in parliament.
posted by jaduncan on Feb 23, 2012 - 11 comments

My Big Fat Greek Bailout

Greece gains another €130bn in bailout funds. It's a nice headline, but the reports suggest it still isn't enough and Newsnight paint a picture of a fracturing Greek society.
posted by jaduncan on Feb 20, 2012 - 92 comments

No, no, no

The European Union said Friday that 26 of its 27 member countries are open to joining a new treaty tying their finances together to solve the euro crisis. Only Britain remains opposed, creating a deep rift in the union. In all, just 23 of the 27 EU countries signed on outright to draft a new treaty binding them to a uniform regime of deficit controls and budget regulation. Only one country said no: Britain. Three more say they are open to the idea. [more inside]
posted by KokuRyu on Dec 10, 2011 - 96 comments

Blood, sweat and tears

Nobody was surprised when Italy Prime Minister Mario Monti presented a draconian "save Italy" emergency Budget decree on Sunday - that's what he had been nominated to do. But the full impact of the measures, especially hitting pensioners, became stunningly clear when Welfare Minister Elsa Fornero, invited by Monti to present her ministry's section of the decree to the press and TV, broke down (SLYT) and was unable to bring out the word "sacrifice".
posted by aqsakal on Dec 4, 2011 - 72 comments

"I would rather be sitting back home at my desk, believe me. But this is too important."

"The political elite have actually no interest in explaining to the people that important decisions are made in Strasbourg; they are only afraid of losing their own power." Jürgen Habermas on the crisis of the European project and how it could be overcome.
posted by daniel_charms on Nov 28, 2011 - 29 comments

Not actually intended as a guide for Daily Mail editors

A short guide to lazy EU journalism: not sure how the EU works or what institutions are involved? –> Just write “Brussels”. [more inside]
posted by MartinWisse on Nov 21, 2011 - 68 comments

"Now you put water in a cup, it becomes the cup; You put water into a bottle it becomes the bottle; You put it in a teapot it becomes the teapot. Water can flow or it can crash. Be water, my friend."

"Of course water hydrates." or does it? EU bans claim that water can prevent dehydration. Brussels bureaucrats were ridiculed yesterday after banning drink manufacturers from claiming that water can prevent dehydration. And hysteria over the EU's ruling on water and dehydration ensues. You can read the EU's ruling here (PDF). Highland Spring vows to defy EU rule on water labelling.
posted by Fizz on Nov 20, 2011 - 103 comments

A sticky situation

Testing by Food Safety News has shown that more than 75% of the honey being sold in the United States does not qualify to be labeled for sale as "honey". [more inside]
posted by tocts on Nov 7, 2011 - 156 comments

"How long before ... Greece, in its desperation, turns once again to the colonels?"

Mired deep in financial crisis, the Greek government of George Papandreou has sacked the country's military leadership:
In a surprise development, Panos Beglitis, Defence Minister, a close confidante of Mr Papandreou, summoned the chiefs of the army, navy and air-force and announced that they were being replaced by other senior officers. Neither the minister nor any government spokesman offered an explanation for the sudden, sweeping changes, which were scheduled to be considered on November 7 as part of a regular annual review of military leadership retirements and promotions. Usually the annual changes do not affect the entire leadership.
[more inside]
posted by Jahaza on Nov 2, 2011 - 152 comments

ACTA

The once-secret Anti-Counterfeiting Trade Agreement (ACTA) slouches toward signing on Saturday. ACTA is expected to raise constitutional issues in the U.S., raise soverenty issues in the E.U., give copyright holders extensive powers to impose DRM and identify alleged infringers, and increase health risks worldwide. In addition, the U.S. has launched the Trans Pacific Partnership agreement (TPP) to obtain what copyright provisions were stripped from ACTA. (see michaelgeist.ca, techdirt, or slashdot) [more inside]
posted by jeffburdges on Sep 28, 2011 - 44 comments

Greece sinking fast

Yields of 2-year Greek government bonds have been skyrocketing today, and are currently at 76%. Credit default swaps show Greece with a 98% chance of default. Confidence in the Eurozone as a whole has been tanking recently after a series of setbacks that leave a political solution looking increasingly unlikely. There was a timely, gloomy discussion on RT yesterday on European and worldwide political/economic prospects
posted by crayz on Sep 13, 2011 - 173 comments

Wotan Represents The Bundesbank

JP Morgan explains the euro crisis with Lego [Full PDF version]
posted by chavenet on Sep 7, 2011 - 22 comments

"For the sake of the Syrian people, the time has come for President Assad to step aside."

Obama calls on Assad to step down. The US and EU announce sanctions on Assad's regime. The New York Times looks at the resistence in Homs. Al Jazeera has an ongoing Syrian Live blog. Enduring America continues to cover the Arab Spring.
posted by empath on Aug 18, 2011 - 65 comments

It’s the Economy, Dummkopf!

"For the Germans the euro isn’t just a currency. It’s a device for flushing the past—another Holocaust Memorial. " Vanity Fair's Michael Lewis checks in with Europe's savior.
posted by shii on Aug 10, 2011 - 64 comments

Yes! We Have No Sustainable Fisheries!

The EU is to (finally) reform the Common Fisheries Policy [NYT] (BBC Q&A). As fishsubsidy.org note, the industry is currently subsidised by over €1bn a year, and the new policy fails to allow for a large change in fleet size. If you're looking for ways to help on a personal level, mefi's own Zarkonnen has produced a guide to what seafood is safe to ethically eat that I've found useful. [via mefi projects]
posted by jaduncan on Jul 30, 2011 - 27 comments

Despite economic success, fear and angst prevail over Germany

Germany’s season of angst: why a prosperous nation is turning on itself [more inside]
posted by KokuRyu on Jun 25, 2011 - 52 comments

Click "continue"

The EU has just rolled out a new law requiring websites to request permission before installing any cookies in a user's web browser. In the UK, businesses have been given a one year deferral on implementation by the Information Commissioner's Office. The ICO have brought their own website into compliance with the law though, showing other websites the way forward. There's a notice at the top of the page requesting permission to set a cookie, as legally required. Click "continue" without agreeing
posted by crayz on May 27, 2011 - 57 comments

In Europe, tea-parties of a euroskeptic stripe threaten EU

In Europe, bail-out and immigration fears have led to the rise of nationalism and xenophobia, a crisis that now threatens the EU itself. Right-wing euroskeptic parties and politicians have gained in power, such as the True Finns, they can roughly be seen as "Europe's Tea Parties". Greece is talking about dropping the Euro currency (due to Finnish demands), other PIGS could be next. Denmark has introduced custom checks at its borders again, seeking to stop the flow of intra euro traffic, while France and Italy have raised the possibility of reintroducing their own border controls.
posted by stbalbach on May 12, 2011 - 49 comments

The Search for the Securitas Millions

In February 2006, a group of criminals pulled off the biggest cash heist in the history of the UK, making off with £53 million pounds. To date, only £23 million of the money has been recovered. Police are understandably upset about the dead ends in the case.
posted by reenum on Feb 16, 2011 - 12 comments

Yarr! meets Academia

Piracy Studies [more inside]
posted by shoesfullofdust on Apr 5, 2010 - 13 comments

Should Have Stuck to Fishing

Iceland blocks repayment deal, sparks global outrage. "The Icelandic people are effectively saying that Iceland does not want to be part of the international financial system," Britain's Financial Services Minister Paul Myners said. But the bill equates to £40,000 per family. Britain threatens to freeze Iceland out of EU as loan payback vetoed. [more inside]
posted by KokuRyu on Jan 5, 2010 - 109 comments

Herman! It's me, it's Cathy, I've come home, whoa-oh-oh-oh-oh, let me in at your position of Europe's first High Representative for Foreign Affairs.

Europe finally has a president. And a foreign policy chief. [more inside]
posted by creeky on Nov 20, 2009 - 91 comments

The Economist: The World in 2010

In 2010, Obama will have a miserable year, NATO may lose in Afghanistan, the UK gets a regime change, China needs to chill, India's factories will overtake its farms, Europe risks becoming an irrelevant museum, the stimulus will need an exit strategy, the G20 will see a challenge from the "G2", African football will unite Korea, conflict over natural resources will grow, Sarkozy will be unloved and unrivalled, the kids will come together to solve the world's problems (because their elders are unable), technology will grow ever more ubiquitous, we'll all charge our phones via USB, MBAs will be uncool, the Space Shuttle will be put to rest, and Somalia will be the worst country in the world. And so the Tens begin.

The Economist: The World in 2010. [more inside]
posted by goodnewsfortheinsane on Nov 14, 2009 - 60 comments

The Latvian Crisis

Latvia's Tiger Economy Loses Its Bite: Less than a year after Latvia joined the E.U. in 2004, its growth rate topped all of Europe. As global stock markets overheated and competition for investment opportunities intensified, Scandinavian banks showered Latvia with cheap credit. Now, with the highest unemployment in Europe, and propped up by $10 billion in IMF loans, Latvia's economy struggles to stay afloat.
posted by HP LaserJet P10006 on Nov 1, 2009 - 14 comments

Poland Approves Mandatory "Chemical Castration" Drug Treatment for Convicted Pedophiles

In response to an incest case in which a man imprisoned, raped and fathered two children with his own daughter, Poland's Lower House of Parliament has approved an amendment to their penal code which makes chemical castration of pedophiles mandatory in certain cases. [more inside]
posted by zarq on Sep 26, 2009 - 127 comments

Hate Wins

The far-right, whites-only British National Party (BNP) has won two seats (Andrew Brons, Nick Griffin) in the European Parliament. [more inside]
posted by chuckdarwin on Jun 8, 2009 - 224 comments

27 countries, 375 estimated voters, one European election

The European elections results 2009 website will open on June 7 at 18.00 CET. While waiting for the results, check out the issues, the EU 30 years ago and now and the EU Parliament twitter feed.
posted by ruelle on Jun 7, 2009 - 97 comments

Revolution in Moldova

Following the 5 April parliamentary election results in the Republic of Moldova, in which the Partidul Comuniștilor din Republica Moldova won nearly 50% of the vote, thousands of young people began a series of protests largely organized through Twitter, text messaging, and FaceBook. The protests quickly reached a boiling point early today, when Parliament was stormed. Much of the coverage in the European press is limited to Romanian-language reporting. Some of the most compelling imagery and video clips, however, speak for themselves. [more inside]
posted by vkxmai on Apr 7, 2009 - 44 comments

EU Profiler

EU Profiler: the authors of Kieskompas, a "Vote-O-Mat"-style tool for the undecided Dutch voter, following up on their adaptation for the US Presidential election (previously on MeFi), will launch an EU-wide version for the European Parliament elections upcoming in June. So Europeans, urge your political parties to register! The tool itself will launch in May.
posted by goodnewsfortheinsane on Mar 29, 2009 - 6 comments

Turkey: A Return to Power at Considerable Cost?

"Turkey is emerging as the crucial power in the Muslim world." But after Prime Minister Recep Tayyip Erdogan's recent walkout from a Davos panel discussion and his confrontational words to Israeli leader Shimon Peres, some wonder whether Turkey is forfeiting its role as a peace-broker, attempting to smoke-screen its own oppressive actions against press, intellectuals, and ex-military, and possibly hurting its chances for full EU membership.
posted by terranova on Feb 3, 2009 - 32 comments

British jobs for British workers?

British jobs for British workers? Workers at a Total refinery in north Lincolnshire walked out in protest over an Italian firm importing Italian and Portuguese workers to complete an expansion. Since Wednesday, the walk out at the Lindsey refinery has snowballed into a mass industrial action across the UK. The majority of the strikes and protests have been by energy workers, though some in other sectors (steel) hit by closures and vulnerable to job offshoring have joined the action in solidarity. Brown's government is trying to respond, without much success.
posted by Grrlscout on Feb 1, 2009 - 112 comments

Stereotyping our way to a better EU

SatiricalCzechArtFilter: A massive art installation at the European Council building in Brussels has raised hackles. Bulgaria, in particular, is not pleased at being represented as a "Turkish Toilet." [more inside]
posted by LMGM on Jan 14, 2009 - 37 comments

Russia stops all gas supply to Europe via Ukraine

Newsfilter: It's that time of the year again, though now it seems to be more serious. Russia stopped all gas supply to Europe via Ukraine on Wednesday, January 7, 2009. The EU depends on Russia for about a quarter of its total gas supplies, some 80% of which is pumped through Ukraine. At least seventeen countries are affected, many of them severely as Russia is their primary or only source of gas. [more inside]
posted by b. on Jan 7, 2009 - 51 comments

The Inland Island Fortress

"Schengen means" there will be "no systematic control of the borders anymore". Switzerland officially cracks open its borders to Europe. [more inside]
posted by mannequito on Dec 12, 2008 - 40 comments

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