Monthly Archives: September 2013

Norway’s Right-Wing Parties To Form New Government

Rational Arrogance

Norway‘s two main right-wing parties – “Høyre” and “Fremskrittspartiet – will form the new Norwegian government, Norwegian Broadcasting Corporation reports. The details are to be presented at a press conference in about 30 minutes.

NRK is quoting several sources who attended the parties meeting earlier  today. There have been many speculations and a high level of uncertainty about  the outcome of the government negotiations, which has been going on for twelve days,

The news paper, Dagbladet, reported earlier that the four conservative  winners of the election  had agreed to recommend to their fellow party members to say yes to the a for-party government coalition, while another news paper, Aftenposten, cites a parliamentary source that there will be only Conservatives (Høyre) and ultra conservatives from “Fremskrittspartiet” (Progress party) sitting in the new government.

But according NRK’s sources, the final outcome will be a two-party coalition…

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How Many Lies Can A Politician Stuff Into A Single Sentence About NSA Surveillance?

Rational Arrogance

Interesting question.  I would guess  that it – at least partly – depends on how long the sentence is.  But over at Techdirt.com has actually started to count –  the record so far is five.
obama.si

(via Techdirt): In a recent comment on the site, reader PT pointed us to a statement from RepresentativeJoe Heck explaining why he voted against the Amash Amendment. The statement was from back in July, soon after the Amash Amendment to de-fend certain NSA activities…

MORE@Tecdirt.com

                 

Recorded & related: 

Welcome to Watergate Hotel, Mr. President

US Spying on EU – A Big Charade?

The Best Privacy Tip, Ever

Americans Takes Spy Scandal to the Streets on July 4th

US Surveillance: More Than Just Surveillance

World Soon To Be Run by Powerful Networks, US Intelligence

The Masters…

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EU to Consider Bailout of Slovenia

As pointed out in the previous post, it is almost impossible to predict which country that will be the victim of the economic crisis. But right now the alarm is sounding in Slovenia.  According to the German business daily Handelsblatt the Eurogroup is due to discuss the country at its next meeting on Friday to determine whether Slovenia may need outside aid save its banking system.

“The country is at risk of a prolonged downturn and constrained access to financial markets.”

OECD

Slovenian bank

Slovenian Finance Minister Uros Cufer is expected to report to his euro-zone counterparts on the country’s financial situation, which has been deteriorating over the past several months, SPIEGELOnline, reports.

EI-CA029_SLOVEN_NS_20130402123904The country is in recession, and is still struggling to bring its budget deficit in line with the EU mandated maximum of 3 percent of gross domestic product.

Slovenia was the first former Yugoslav republic to join NATO and the EU, and was once hailed as a model for other former socialist European democracies seeking to establish competitive economies. But its rising standard of living appears to have been built-in part on bad credit.

Concerns that Ljubljana might soon request emergency aid were intensified on Tuesday by a report issued by the Organization for Economic Cooperation and Development (OECD). Noting the country’s economic struggles, rising sovereign debt and deeply troubled banking industry, the report noted that the country is at risk of a “prolonged downturn and constrained access to financial markets.”

Slovenia-bank-Figure-1

In other words, Slovenia might soon be unable to borrow the money from the markets it needs to remain solvent.

The Slovenian government last week announced it would liquidate two small private banks, Factor Banka and Probanka, and would put up €1.3 billion to guarantee the banks’ liabilities.

The central bank governor said the measures were to help avoid a run on the country’s other banks.

MORE@SPIEGELOnline.com

Obviously related:

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Filed under International Econnomic Politics, National Economic Politics