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EU, Russia and China unite against US over Iran

The UN general assembly in New York, the world’s largest diplomatic event, turned into a show of EU solidarity with Russia and China against the US on Tuesday.

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The development, which came about over Iran, symbolised a world-turned-upside-down by US leader Donald Trump’s unilateralism.

It left Mike Pompeo, Trump’s foreign policy chief, “disturbed and indeed deeply disappointed”.

“This is one of the of the most counterproductive measures imaginable for regional and global peace and security,” he told press, after seven decades in which the US and EU had stood together against common adversaries, such as Russia, in the so-called “transatlantic relationship”.

The measures Pompeo referred to were the creation of a “Special Purpose Vehicle [SPV]” to enable the EU and others to buy Iranian oil in a way that skirted Trump’s new sanctions on Iran.

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“Everything that Ms Mogherini has said is extremely positive,” Vladimir Yermakov, a senior Russian diplomat, told press, referring to EU foreign policy chief Federica Mogherini.

He spoke after Mogherini chaired a meeting with the foreign ministers of Russia, China, Iran, France, Germany, and the UK in New York earlier the same day.

“EU member states will set up a legal entity [the SPV] to facilitate legitimate financial transactions with Iran and this will allow European companies to continue to trade with Iran in accordance with European Union law and could be open to other partners in the world,” Mogherini told press alongside Iranian foreign minister Javad Zarif in the margins of the UN assembly.

EU technical experts would shortly meet to flesh out details, she said.

EU refused to be ‘pushed around by the unilateral decisions of our US allies’, France’s Emmanuel Macron said (Photo: Consilium)

“Do you have any better alternative than talks in times of conflict and crisis in the world? Is there a better alternative than diplomacy and dialogue? Is war a better alternative?”, she told US broadcaster CNN in an interview on Tuesday.

The EU, Russia, and China “deeply regret” Trump’s decision, they added in a statement.

His sanctions went against “multilateral diplomacy endorsed unanimously by the UN Security Council,” they added.

The EU-led group, called the “E3+2 and Iran”, had, together with the pre-Trump US administration in 2015, when it used to be called the “E3+3 and Iran”, agreed to lift sanctions on Tehran in return for its freeze of uranium enrichment.

But Trump, in May, tore up the accord on grounds it was not strong enough.

The threat of US sanctions has seen EU firms such as French and German car makers Daimler, Peugeot, and Renault, German engineering company Siemens, and French energy firm Total walk away from new ventures in Iran.

But “we [the EU] cannot accept that the US decided the regions with which European companies can or cannot do business,” Belgian prime minister Charles Michel said after meeting Iranian president Hassan Rouhani in New York.

“We’re working hard on this [the SPV] with our European partners,” German foreign minister Heiko Maas said.

EU-US rift

The EU-US rift on Iran comes after Trump started a trade war with Europe and China, threatened to pull the US out of NATO, and pulled America out of a global deal on climate change – the Paris accord.

It comes after he also threatened to fine Austrian, Dutch, German, and French firms if they co-financed a new Russia-Germany gas pipeline called Nord Stream 2.

The French leader, Emmanuel Macron, attacked Trump for fomenting “nationalism” and “protectionism” in his UN speech on Tuesday.

“We’re being pushed around by the unilateral decisions of our US allies,” in an approach that led to “isolation and conflict … to the detriment of everyone”, Macron said.

“Even those who contest the reality” of climate change “are suffering its consequences like everyone else,” he added.

For his part, Trump, in his UN speech, threatened Iran with military force and redoubled his attack on Nord Stream 2.

“Germany will become totally dependent on Russian energy if it does not immediately change course,” he said.

He also praised Poland for “standing up for their independence, their security, and their sovereignty” one day after the European Commission, on Monday, took Poland to the EU’s highest court for political meddling in its judiciary in violation of EU values and laws.

Laughter at the UN

Trump’s speech prompted laughter in the UN chamber when he claimed he had achieved more in the past two years than any other US president in history.

“I didn’t expect that,” he said.

“Confronting multilateralism is not a sign of strength,” Iran’s Rouhani told the UN in his speech.

“Rather, it’s a symptom of weakness of intellect. It betrays an inability in understanding a complex and interconnected world,” Rohani said.

Via EU Observer

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NameChaplinPrometheusYou can call me ALShaun Ramewe Recent comment authors
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Normski
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Normski

What Trump is doing to the rest of the world with his/US unilateral decisions reminds me of the great Fleetwood Mac single -“You can go your own way!”.

wiggins
Guest
wiggins

It is good….FTFY

Guy
Member
Guy

Finally the EU has grown a backbone.Thank you Trump for all that you have done to bring this about.This is very good news.

Cudwieser
Guest
Cudwieser

Don’t get your hopes up. The EU needs to actually do something with it and even then the EU is flakey as hell.

You can call me AL
Guest
You can call me AL

Well to be fair, they are promoting trade.

Joe
Guest
Joe

Bravo for the EU and especially Ms. Mogherini….I applaud what she said to CNN. They probably did not understand.
Perhaps this is finally a turning point. But until Mr Putin puts a stop to provocations in Syria victory will not be fully achieved.

Name
Guest

Amen, Joe & bravo!

Joe
Guest
Joe

I would hope to see more comments here …this appears to be genuinely significant.

Shaun Ramewe
Guest
Shaun Ramewe

Good news ~ it is about time the dirty sneaky cowardly depraved Zio-liar pro-terrorist war-criminal resource-thieving global-traitor US’A-hole’ was taught a harsh and lasting lesson in truth and reality.

Prometheus
Guest
Prometheus

I have full admiration for Mogherini and her determination to maintain trade with Iran. Although she has said not so good things about Russia in the past,.. Frederica has been a force to reckon with in regards to Iran. She was key to the P5+1 and the first one on a plane to make it happen. Trump is sore and shows it. The audacity of the EU to be happy to continue to trade with Iran and happy to use use cheap Russian resources instead of expensive US LNG!!! When I read and listen to Trump and Hayley speak at… Read more »

Chaplin
Guest
Chaplin

“The United states will not tell you how to live or work or worship…”

US then has no right to complain against Nordstream 2 nor SPV. Case closed.

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Macron offers crumbs to protestors in bid to save his globalist agenda (Video)

The Duran Quick Take: Episode 36.

Alex Christoforou

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The Duran’s Alex Christoforou and Editor-in-Chief Alexander Mercouris take a quick look at French President Macron’s pathetic display of leadership as he offers protestors little in the way of concessions while at the same time promising to crack down hard on any and all citizens who resort to violence.

Meanwhile France’s economy is set for a deep recession as French output and production grinds to a halt.

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Via Zerohedge


As if Brussels didn’t have its hands full already with Italy and the UK, the European Union will soon be forced to rationalize why one of its favorite core members is allowed to pursue populist measures to blow out its budget deficit to ease domestic unrest while another is threatened with fines potentially amounting to billions of euros.

When blaming Russia failed to quell the widespread anger elicited by his policies, French President Emmanuel Macron tried to appease the increasingly violent “yellow vests” protesters who have sacked his capital city by offering massive tax cuts that could blow the French budget out beyond the 3% budget threshold outlined in the bloc’s fiscal rules.

Given the concessions recently offered by Italy’s populists, Macron’s couldn’t have picked a worse time to challenge the bloc’s fiscal conventions. As Bloomberg pointed out, these rules will almost certainly set the Continent’s second largest economy on a collision course with Brussels. To be clear, Macron’s offered cuts come with a price tag of about €11 billion according to Les Echos, and will leave the country with a budget gap of 3.5% of GDP in 2019, with one government official said the deficit may be higher than 3.6%.

By comparison, Italy’s initial projections put its deficit target at 2.4%, a number which Europe has repeatedly refused to consider.

Macron’s promises of fiscal stimulus – which come on top of his government’s decision to delay the planned gas-tax hikes that helped inspire the protests – were part of a broader ‘mea culpa’ offered by Macron in a speech Monday night, where he also planned to hike France’s minimum wage.

Of course, when Brussels inevitably objects, perhaps Macron could just show them this video of French police tossing a wheelchair-bound protester to the ground.

Already, the Italians are complaining.  Speaking on Tuesday, Italian cabinet undersecretary Giancarlo Giorgetti said Italy hasn’t breached the EU deficit limit. “I repeat that from the Italian government there is a reasonable approach, if there is one also from the EU a solution will be found.”

“France has several times breached the 3% deficit. Italy hasn’t done it. They are different situations. There are many indicators to assess.”

Still, as one Guardian columnist pointed out in an op-ed published Tuesday morning, the fact that the gilets jaunes (yellow vest) organizers managed to pressure Macron to cave and grant concessions after just 4 weeks of protests will only embolden them to push for even more radical demands: The collapse of the government of the supremely unpopular Macron.

Then again, with Brussels now facing certain accusations of hypocrisy, the fact that Macron was pressured into the exact same populist measures for which Italy has been slammed, the French fiasco raises the odds that Rome can pass any deficit measure it wants with the EU now forced to quietly look away even as it jawbones all the way from the bank (i.e., the German taxpayers).

“Macron’s spending will encourage Salvini and Di Maio,” said Giovanni Orsina, head of the School of Government at Rome’s Luiss-Guido Carli University. “Macron was supposed to be the spearhead of pro-European forces, if he himself is forced to challenge EU rules, Salvini and Di Maio will jump on that to push their contention that those rules are wrong.”

While we look forward to how Brussels will square this circle, markets are less excited.

Exhausted from lurching from one extreme to another following conflicting headlines, traders are already asking if “France is the new Italy.” The reason: the French OAT curve has bear steepened this morning with 10Y yields rising as much as ~6bp, with the Bund/OAT spread reaching the widest since May 2017 and the French presidential election. Though well below the peaks of last year, further widening would push the gap into levels reserved for heightened political risk.

As Bloomberg macro analyst Michael Read notes this morning, it’s hard to see a specific near-term trigger blowing out the Bund/OAT spread but the trend looks likely to slowly drift higher.

While Macron has to fight on both domestic and European fronts, he’ll need to keep peace at home to stay on top. Remember that we saw the 10Y spread widen to ~80bps around the May ’17 elections as concerns of a move toward the political fringe played out in the markets, and the French President’s popularity ratings already look far from rosy.

And just like that France may have solved the Italian crisis.

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Watch: Democrat Chuck Schumer shows his East Coast elitism on live TV

Amazing moment in which the President exhibits “transparency in government” and shows the world who the Democrat leaders really are.

Seraphim Hanisch

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One of the reasons Donald Trump was elected to the Presidency was because of his pugnacious, “in your face” character he presented – and promised TO present – against Democrat policy decisions and “stupid government” in general.

One of the reasons President Donald Trump is reviled is because of his pugnacious, “in your face” character he presented – and promised TO present – in the American political scene.

In other words, there are two reactions to the same characteristic. On Tuesday, the President did something that probably cheered and delighted a great many Americans who witnessed this.

The Democrats have been unanimous in taking any chance to roast the President, or to call for his impeachment, or to incite violence against him. But Tuesday was President Trump’s turn. He invited the two Democrat leaders, presumptive incoming House Speaker Nancy Pelosi, and Senate Minority Leader Chuck Schumer, and then, he turned the cameras on:

As Tucker Carlson notes, the body language from Schumer was fury. The old (something)-eating grin covered up humiliation, embarrassment and probably no small amount of fear, as this whole incident was filmed and broadcast openly and transparently to the American public. Nancy Pelosi was similarly agitated, and she expressed it later after this humiliation on camera, saying, “It’s like a manhood thing for him… As if manhood could ever be associated with him.”

She didn’t stop there. According to a report from the New York Daily News, the Queen Bee took the rhetoric a step below even her sense of dignity:

Pelosi stressed she made clear to Trump there isn’t enough support in Congress for a wall and speculated the President is refusing to back down because he’s scared to run away with his tail between his legs.

“I was trying to be the mom. I can’t explain it to you. It was so wild,” Pelosi said of the Oval Office meet, which was also attended by Vice President Pence and Senate Minority Leader Chuck Schumer (D-N.Y.). “It goes to show you: you get into a tinkle contest with a skunk, you get tinkle all over you.”

This represented the first salvo in a major spin-job for the ultra-liberal San Francisco Democrat. The rhetoric spun by Mrs. Pelosi and Chuck Schumer was desperate as they tried to deflect their humiliation and place it back on the President:

With reporters still present, Trump boasted during the Oval meeting he would be “proud” to shutdown the government if Congress doesn’t earmark cash for his wall before a Dec. 21 spending deadline.

Pelosi told Democrats that Trump’s boisterousness will be beneficial for them.

“The fact is we did get him to say, to fully own that the shutdown was his,” Pelosi said. “That was an accomplishment.”

The press tried to characterize this as a “Trump Tantrum”, saying things like this lede:

While “discussing” a budgetary agreement for the government, President Donald Trump crossed his arms and declared: “we will shut down the government if there is no wall.”

While the Democrats and the mainstream media in the US are sure to largely buy these interpretations of the event, the fact that this matter was televised live shows that the matter was entirely different, and this will be discomfiting to all but those Democrats and Trump-dislikers that will not look at reality.

There appears to be a twofold accomplishment for the President in this confrontation:

  1. The President revealed to his support base the real nature of the conversation with the Democrat leadership, because anyone watching this broadcast (and later, video clip) saw it unedited with their own eyes. They witnessed the pettiness of both Democrats and they witnessed a President completely comfortable and confident about the situation.
  2. President Trump probably made many of his supporters cheer with the commitment to shut down the government if he doesn’t get his border wall funding. This cheering is for both the strength shown about getting the wall finished and the promise to shut the government down, and further, Mr. Trump’s assertion that he would be “proud” to shut the government down, taking complete ownership willingly, reflects a sentiment that many of his supporters share.

The usual pattern is for the media, Democrats and even some Republicans to create a “scare” narrative about government shutdowns, about how doing this is a sure-fire path to chaos and suffering for the United States.

But the educated understanding of how shutdowns work reveals something completely different. Vital services never close. However, National Parks can close partly or completely, and some non-essential government agencies are shuttered. While this is an inconvenience for the employees furloughed during the shutdown, they eventually are re-compensated for the time lost, and are likely to receive help during the shutdown period if they need it. The impact on the nation is minimal, aside from the fact that the government stops spending money at the same frenetic pace as usual.

President Trump’s expression of willingness to do this action and his singling out of the Dem leadership gives the Democrats a real problem. Now the entire country sees their nature. As President Trump is a populist, this visceral display of Democrat opposition and pettiness will make at least some impact on the population, even that group of people who are not Trump fans.

The media reaction and that of the Democrats here show, amazingly, that after three years-plus of Donald Trump being a thorn in their side, they still do not understand how he works, and they also cannot match it against their expected “norms” of establishment behavior.

This may be a brilliant masterstroke, and it also may be followed up by more. The President relishes head-to-head conflict. The reactions of these congress members showed who they really are.

Let the games begin.

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French opposition rejects Macron’s concessions to Yellow Vests, some demand ‘citizen revolution’

Mélenchon: “I believe that Act 5 of the citizen revolution in our country will be a moment of great mobilization.”

RT

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Via RT…


Macron’s concessions to the Yellow Vests has failed to appease protesters and opposition politicians, such as Jean-Luc Mélenchon, who called for “citizen’s revolution” to continue until a fair distribution of wealth is achieved.

Immediately after French President Macron declared a “social and economic state of emergency” in response to large-scale protests by members of the Yellow Vest movement, promising a range of concessions to address their grievances, left-wing opposition politician Mélenchon called on the grassroots campaign to continue their revolution next Saturday.

I believe that Act 5 of the citizen revolution in our country will be a moment of great mobilization.

Macron’s promise of a €100 minimum wage increase, tax-free overtime pay and end-of-year bonuses, Mélenchon argued, will not affect any “considerable part” of the French population. Yet the leader of La France Insoumise stressed that the “decision” to rise up rests with “those who are in action.”

“We expect a real redistribution of wealth,” Benoît Hamon, a former presidential candidate and the founder of the Mouvement Génération, told BFM TV, accusing Macron’s package of measures that benefit the rich.

The Socialist Party’s first secretary, Olivier Faure, also slammed Macron’s financial concessions to struggling workers, noting that his general “course has not changed.”

Although welcoming certain tax measures, Marine Le Pen, president of the National Rally (previously National Front), accused the president’s “model” of governance based on “wild globalization, financialization of the economy, unfair competition,” of failing to address the social and cultural consequences of the Yellow Vest movement.

Macron’s speech was a “great comedy,”according to Debout la France chairman, Nicolas Dupont-Aignan, who accused the French President of “hypocrisy.”

Yet many found Melanchon’s calls to rise up against the government unreasonable, accusing the 67-year-old opposition politician of being an “opportunist” and “populist,” who is trying to hijack the social protest movement for his own gain.

Furthermore, some 54 percent of French believe the Yellow Vests achieved their goals and want rallies to stop, OpinionWay survey showed. While half of the survey respondents considered Macron’s anti-crisis measures unconvincing, another 49 percent found the president to be successful in addressing the demands of the protesters. Some 68 percent of those polled following Macron’s speech on Monday especially welcomed the increase in the minimum wage, while 78 percent favored tax cuts.

The Yellow Vest protests against pension cuts and fuel tax hikes last month were organized and kept strong via social media, without help from France’s powerful labor unions or official political parties. Some noted that such a mass mobilization of all levels of society managed to achieve unprecedented concessions from the government, which the unions failed to negotiate over the last three decades.

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