Europe

Europe's conservative, anti-immigrant and anti-Muslim tide is rising and spreading at an accelerating pace from nation to nation.

Submitted by Mike "Mish" Shedlock of MishTalk

“Nightmare” Mistake: Visa Free Travel For 80 Million Turks Coming Up

Of all the inane, self-serving, deals German Chancellor Angela Merkel made with Turkey, visa-free travel for 80 million Islamic Turks tops the list.

“This is all a nightmare,” said one diplomat charged with making the deal work.

Nightmares aside, Brussels Prepares Legal Groundwork on Visa-Free Travel for Turks.

Submitted by Judith Bergman via The Gatestone Institute,

• According to France's Defense Minister, Jean-Yves Le Drian, 800,000 migrants are currently in Libyan territory waiting to cross the Mediterranean.

Thousands took to the streets around the world to mark International Workers Day on May Day with several demonstrations erupting into violence. Demonstrations which started peaceful turned violent with police deploying tear gas and water cannon. Tensions over the global economic slump fuelled the May Day riots and protests with trouble breaking out in various parts of Europe and Turkey. One man was reportedly killed in Istanbul as he was ran over by a police water cannon vehicle.

Following what was one of the most volatile Q1’s on record, Q2 kick started the second quarter on a positive note in April. According to DB (whose stock has failed to meaningfully rebound from recent lows) while performance didn’t quite match those lofty gains made in March, in the face of a number of key central bank meetings and also the commencement of earnings season in the US and Europe – for which expectations were low – risk assets in particular have shown a reasonable degree of resilience on the whole.