Author: Christine Schier

If there were such a thing as a “lemming award for economics”, it would definitely go to Germany, which with its obsession to walk out of coal and nuclear (decided long before the Ukraine War) and more recently out of Russian gas and crude oil, is headed for an energy supply abbys. On June 22, German Economics Minister Robert Habeck […]

The G7 Summit just passed a policy of countering what they claim is a “Chinese debt trap” caused by the Belt-and-Road strategy. But whereas China is focusing on productive debt, in the form of investments in projects in real infrastructure and industry, the EU intends to produce yet more unproductive debt — wildly increasing expenditures for weapons and military expansion, […]

A “Call for an Ad-Hoc Committee for a New Bretton Woods System” has just been issued by the Schiller Institute, coming out of the online conference held on June 18-19 (cf. SAS 25/22). The text outlines the physical economic principles on which to found a workable world order to replace the current neoliberal system of globalization, which is leading the […]

After the thunder, the rain: the European Union has advocated an energy embargo for the past three months. Now it has come – albeit not against Russia but against the EU. Gazprom has reduced gas flows through Nord Stream 1 to Germany by 60%, and flows to Italy by 50%. If you doubted the accuracy of Russian President Putin’s characterization […]

The results of the second round of the French legislative elections on June 19 are likely to provoke an earthquake in the country, leading either to total chaos and ungovernability, or to a positive change, provided the so-called newcomer winners can espouse a higher sense of the nation. As Jacques Cheminade,the president of Solidarité et Progrès, wrote in his first […]

In their joint mission to Kiev on June 16, did the leaders of France, Germany and Italy really do what the Die Welt wrote the next day: “Scholz, Macron and Draghi, who went to Kiev, non-publicly persuaded Zelensky to negotiate with Russia”? On the public side of the talks, as the German daily notes, the three advocated providing Ukraine the […]

It has apparently dawned on Emmanuel Macron, Mario Draghi and Olof Scholz that if the war is protracted as Washington and London want, they will be faced with a political and economic catastrophe. However, if they did attempt to persuade Kiev to negotiate a settlement, there is no sign that the Zelensky government is ready to face reality. Not accidentally, […]

On June 17, British Home Secretary Priti Patel signed the order for the extradition of Julian Assange, co-founder and publisher of Wikileaks, to the United States, where he faces 175 years in prison for disclosing information on war crimes committed by the U.S. and the United Kingdom. The signing follows the ignominious ruling by a UK court in April that […]

The Schiller Institute international conference June 18-19, titled, “There Can Be No Peace without the Bankruptcy Reorganization of the Dying Trans-Atlantic Financial System,” was focused on initiating actions worldwide to bring about a new economic and security architecture as soon as possible, given the present economic breakdown, world food crisis and acute war danger. The presentations were grouped into four […]

Speakers from Russia and China added to the picture presented in the first panel of the Schiller Institute conference. Andrey Kortunov, Director General of the Russian International Affairs Council (RIAC), noted that the “severe economic and military actions against Russia are not a reaction to the deployment in Ukraine, but have been building for years”, for example with the creation […]