Estonia

NATO Recoils From Trump Spending Salvos

Trump’s abrasive attitude to other NATO members last week brings out the real nature of the US relationship. The so-called alliance is really just a spending vehicle for the American economy. In these austere global times, such American bullying will only chafe on the Europeans. This will in turn reinforce calls already underway for an independent EU defense pact, separate from NATO, and possibly led by Germany and France.

Estonia Expels Two Russian Diplomats; Moscow Warns This "Unfriendly Action Will Not Go Unanswered"

Two senior Russian diplomats, Consul General Dmitri Kazjonnov and Consul Andrei Surgjev, have been ordered to leave Estonia the country's foreign ministry said on Friday.It was not immediately clear what prompted the expulsion, and the Estonian foreign ministry gave no other details. "We can only confirm that two diplomats have been expelled," said spokesperson Mariann Sudakov.

ECB Warns Of "Excessive Exuberance" In House Prices; Sees Financial Instability Due To Higher Yields

In an unexpected two-part warning from the ECB, the European Central Bank warned of “excessive exuberance” in some European housing markets, driven by offshore buyers, that could spread to other areas in a “ripple effect.” Separately, the ECB also said "debt-sustainability concerns" have risen in the past six months amid a potential increase in yields and political uncertainty in some countries.

Yuan Tumbles As Moody's Downgrades China To A1, Warns On Worsening Debt Outlook

Offshore Yuan tumbled as Moody's cut China's credit rating to A1 from Aa3, saying that the outlook for the country’s financial strength will worsen, with debt rising and economic growth slowing. This leaves the world's hoped-for reflation engine rated below Estonia, Qatar, and South Korea and on par with Slovakia and Japan.

Uber Suffers Major Setback In Efforts To Conquer European Market

For years Uber has been battling with Barcelona taxi drivers who have argued that UberPOP engages in unfair competition by using unlicensed drivers that are not subject of the same regulatory hurdles as a regular "transport company."  And while Uber has historically taken the approach of just entering new markets and sorting out the regulatory hurdles later, it looks like those hurdles are finally catching up with them in the European Union...

Outrage After At Least 5 EU Nations Elect Saudi Arabia On UN Women's Rights Council

“Saudi discrimination against women is gross and systematic in law and in practice. Every Saudi woman must have a male guardian who makes all critical decisions on her behalf, controlling a woman’s life from her birth until death. Saudi Arabia bans women from driving cars,” he continued. “Why did the UN choose the world’s leading promoter of gender inequality to sit on its gender equality commission?”

The Reason Behind The Sales-Surge For Nuclear-Proof Bunkers

"The bipartisan neoconservative dream of America’s aristocrats (world-conquest) will never be achieved. Russia will never accept it. If America’s rulers continue to press it, the result will be even worse than when the Nazis tried...either the U.S. will cease its designs on Russia, or there will be WW III."