During the turbulent Maoist era from the 1950s to 1970s, China clashed militarily with some of its most important neighbors—India, Vietnam, the Soviet Union—and embarked on disastrous interventions in Indonesia and Africa. But by the 1980s, Deng Xiaoping had put China on a development-first policy, advising the country to “hide its capacities and bide its time.” This wasn’t exactly reassuring—implying that at some point China would reveal its true intentions—but from the 1980s through the mid-2000s China had relatively few confrontations, despite its rising economic, political, and military power. [Read more...]
A new party led by economists, jurists, and Christian Democrat rebels will kick off this week, calling for the break-up of monetary union before it can do any more damage.
“An end to this euro,” is the first line on the webpage of Alternative für Deutschland (AfD). “The introduction of the euro has proved to be a fatal mistake, that threatens the welfare of us all. The old parties are used up. They stubbornly refuse to admit their mistakes.” [Read more...]
Article is courtesy of CNBC.com
The world’s second-biggest holder of gold reserves, Germany, is planning to bring home some of its gold held in New York and Paris – a move that would mark a breakdown of trust between the world’s major central banks, analysts said.
The Bundesbank, Germany’s central bank, announced in a press release on Wednesday it plans to repatriate some of its gold holdings from the New York Federal Reserve and the Bank of France. [Read more...]
Germany accused of ‘deporting’ its elderly: Rising numbers moved to Asia and Eastern Europe because of sky-high care costs
*Country’s elderly and sick being sent abroad due to rising care costs
*Situation described as ‘inhumane deportation’ and a huge ‘alarm signal’
*Warning to Britain where pensioners are selling homes to pay for healthcare
German pensioners are being sent to care homes in Eastern Europe and Asia in what has been described as an ‘inhumane deportation’.
Rising numbers of the elderly and sick are moved overseas for long-term care because of sky-high costs at home.
Some private healthcare providers are even building homes overseas, while state insurers are also investigating whether they can care for their clients abroad. [Read more...]
The West is starting to change its views on Russia. In September, the European Parliament adopted a resolution criticizing how court decisions are often politically driven in Russia. In October, the European Parliament proposed that the European Council come up with its own Magnitsky list. In November, the Magnitsky Act was approved by the U.S. House of Representatives and the German Bundestag approved a sharp resolution criticizing the Kremlin’s crackdown on human rights and other elements of a democratic society.
These steps may spell the end of Washington and Berlin’s illusions regarding a possible integration of Putin’s Russia into the West. The adoption of the Magnitsky Act effectively ends Washington’s reset policy, while the Bundestag’s resolution signals the end of the German experiments in a “modernization partnership.” [Read more...]