European Union

Geopolitical Overhaul: What Will A Post-Obama World Look Like?

Debt reduction and the visible reduction of what is seen internationally as overbearing statism in the U.S. economy will be critical to building back long-term U.S. global capabilities. The U.S. has not seen such an opportunity for strategic reversal since the Reagan Administration. But only if the incoming Administration adheres to the principles which won it the election, and avoids the compromises which the bureaucratic base of government will attempt to force on it to avoid disruption of the status quo.

The Ex-President Of Italy's Constitutional Court Explains What Is At Stake When Italy Votes

With markets poised to react to the pivotal Italian constitutional referendum on December 4, consensus suggests that a ‘yes’ vote to the reforms will be positive for asset prices and a ‘no’ represents a sell signal. According to leading Italian commentators, however, a ‘yes’ vote will not fix Italy’s problems and the issues at play are not just black and white, but instead are far more complex than people seem to understand.

Let's Expand The Electoral College

In response to this centralization of political power, the electoral college should be expanded to function as a veto on legislation, executive orders, and Supreme Court rulings.

Is Nigel Farage Moving To The US

The Times reported that Nigel Farage - who earlier this week was suggested by Donald Trump as the next UK ambassador to the US - and his wife, Kirsten, are planning to leave the U.K. Is a move to the U.S. for the UKIP leader in the cards? Insiders told the Times that Farage has had a long-held interest in the U.S. and would feel "freer" living abroad.

EU / Russian Thaw Hits A Media Iceberg

The EU Parliament has approved a Polish MP’s bill to counter Russian news sources’ “propaganda.”  Among those listed are RT and Sputnik news agency.  This is yet another example of push-back from Western elites over the loss of the U.S. presidency and potential thawing of Russian / European relations under a Trump administration.

Europe Votes To Suspend Turkey EU Accession Talks, Sending Lira Crashing To Record Low Despite Unexpected Rate Hike

The market barely had time to respond to today's surprising rate hike by the Turkish central bank, when an even more unexpected development took place in the European Parliament which voted overwhelmingly to temporarily freeze talks on Turkey’s bid to join the European Union, citing deteriorating human rights and democratic standards under President Recep Tayyip Erdogan’s rule.

Frontrunning: November 23

  • S&P 500 Futures Signal Rally Ebbing; Bonds Decline in Europe (BBG)
  • Oil prices capped by doubts OPEC-led cut will end glut (Reuters)
  • Fed Minutes to Be Parsed for Insight on Inflation, Jobs (WSJ)
  • Trump keeping 'open mind' on pulling out of climate deal (Reuters)
  • Trump Raises Prospect of Keeping Ties to His Firms (WSJ)

Major Foreign Policy Shift: Turkey Abandoning EU For SCO

Turkish President Tayyip Erdogan said on November 20 that Turkey did not need to join the European Union "at all costs." Instead, it could become part of the Shanghai Cooperation Organization (SCO), or Shanghai Pact.

Donald Trump And The Return Of European Anti-Americanism

European criticism of Trump goes far beyond a simple displeasure with the man who will be the next president. The condemnation reveals a deep-seated contempt for the United States, and for American voters who democratically elected a candidate committed to restoring American economic and military strength. European anti-Americanism is certain to escalate in the years ahead, not because of Trump or his policies, but because "globalists" appear desperate to save the failing European Union

Britain Rejects Trump's Call To Make Nigel Farage US Ambassador

Britain on Tuesday dismissed U.S. President-elect Donald Trump's unprecedented expression of support for Brexit campaigner Nigel Farage to be made British ambassador to Washington, saying pointedly that there is "no vacancy" for the job.

Cable Slides As British PM May Confirms No Extension Of Brexit Process

Following this morning's chaotic spike higher in cable, the currency pair du jour is falling back quickly following comments from British PM Theresa May confirming the government will not seek an extension to the Article 50 process and plans to exit the EU by end-March 2019.