Czech

Global Stocks Rise Amid Unexpected ECB "Trial Balloon"; Dollar Flat Ahead Of Fed Minutes

European markets continued their risk-on trend in early trading, rising to the highest in over a week and rallying from the open led by mining stocks as industrial metals spike higher after zinc forwards hit highest level since 2007. The EUR sold off sharply, boosting local bond and risk prices after the previously discussed Reuters "trial balloon" report that Draghi's speech at Jackson Hole would not announce the start of the ECB's taper.

Poland May Demand Billions In Reparations From Germany For World War II

More than 72 years after the end of the Second World War, Polish politicians are demanding that Germany pay their country reparations. A research office of Poland’s lower house of parliament, is reviewing whether this would be possible and should be complete by August 11th.

EU To Force Poland, Hungary And Czech Republic To Accept Refugees

One month after the EU's executive Commission launched legal cases against Poland, Hungary and the Czech Republic for "defaulting on their legal obligations" by refusing to accept migrants, on Wednesday the three Central European nations suffered another blow after Brussels mounted a legal fightback to force them to comply with EU refugee quotas.

The Worst Ideological Enemy Of The US Is Now Europe

"Americans, therefore, would do well to understand that for the time being the "Cultural Left" is so deeply entrenched in Western Europe and the EU, that their worst ideological enemy is not the Middle East or Russia: it is Europe."

Key Events In The Coming Week: The Summer Doldrums Arrive

With little on the US economic docket in the coming days, this week's focus is on the ECB and BoJ meeting along with minutes from the RBA and the Riksbank. In the US The key economic release this week is housing starts on Thursday. There are no scheduled Fed speaking engagements this week.

The Unspeakable Crime Of Viktor Orban

"The unspeakable crime of V. Orbán is his insistence on acting in the interests of his citizens not to the self-declared arrogant unelected Commissars in Brussels...It‘s becoming crystal clear to more and more European citizens that the monster that is Brussels today does not represent the true interests of EU citizens..."

Eastern Europe Chooses To Keep Western Civilization

"Islam is a major culture and religion, which we must respect, but Europe has a different identity, and it is clear that these two cultures are incapable of coexisting without conflict... The greatest difference is that in Europe, politics and religion have been separated from one another, but in the case of Islam it is religion that determines politics..."

The US Is Not "One Nation" - And It Never Was

"There are very real divides in the US today, And unless we studiously ignore and gloss over the enduring religious, linguistic, cultural, and ideological differences that have always existed, we must admit the US was never 'one nation'."

Europe's Migrant Crisis: Views From Central Europe

The European Union has initiated legal action against the Czech Republic, Hungary and Poland for failing to comply with a controversial order to take in thousands of migrants from Africa, Asia and the Middle East... "We are not going to take part in the madness of the Brussels elite."