EU Triggers “Unprecedented Nuclear Option” Against Poland; Sanctions May Follow

Despite efforts for a constructive dialogue for 2 years, we have concluded that there is a clear risk of a serious breach of the rule of law in #Poland
We therefore proposed to @EUCouncil to adopt a decision under #Article7 (1) of the Treaty on EU
— European Commission (@EU_Commission) December 20, 2017

Yesterday we reported that German Chancellor Angela Merkel and French President Emmanuel Macron had publicly agreed to back Article 7 proceedings against Poland for refusing to comply with EU immigration quotas and changes to its judicial system. The only thing that was missing was the official triggering of the so-called “nuclear option” Article 7.
On Wednesday morning, in a historic development – one which may herald the future fracturing of the EU – the European Commission launched an injunction against Poland for a “serious breach” of European common values and rule of law. The European Commission said it decided to take the next step in its infringement procedure against Poland for breaches of EU law by the Law on the Ordinary Courts Organisation, referring Poland to the EU Court of Justice. And while only a warning now, Article 7 could lead to sanctions and a suspension of EU voting rights.
The unprecedented measure was taken amid two-year tensions between the EU and Poland over the latter’s judicial reforms. The bloc is concerned over “a serious breach of the rule of law” in the country, saying the reforms resulted in ‘the absence of judicial independence.’ “It is up to Poland to identify its own model for its justice system, but it should do so in a way that respects the rule of law,” it said in a statement.

This post was published at Zero Hedge on Dec 20, 2017.

A Review Of The Most Disturbing Events Of 2017

With events like the British vote to leave the EU, the peak of the mass Muslim immigration into Europe, the “surprise” (for some people) upset win of Donald Trump in the U. S. presidential election and the subsequent leftist riots, it may be difficult to top the absolute geopolitical and social mayhem of 2016. However, when examining recent history and ongoing trends, it’s important to understand that these shifts are often cumulative; they tend to build upon each other like sheets of ice on a mountainside, storing up energy for a great avalanche.
We witnessed what I would consider a moderate build up and “avalanche” in the economic world in 2008, and of course this merely set the stage for an evolving form of fiscal collapse for the ten years that followed. This time around though, that ongoing collapse will surface in the form of currency crisis and treasury bond crisis, as well as all the international tensions and conflicts that come with these financial atom bombs. If I was to define the year of 2017 and its place in the grand scheme, I would say it represents the moment that the path became obvious for the next decade, at least for those that have been paying attention.
There have been some incredible revelations this year, things that will change the face of global economics and international relations, but most them have gone unnoticed in the mainstream overall. Here are just a few of the earth shattering events that will lead to unprecedented instability in 2018, probably through to the year 2030.

This post was published at Alt-Market on Wednesday, 20 December 2017.