Europe

Earlier today, we reported that European officials are considering a two year Schengen suspension to help stem the inexorable flow of Mid-East migrants into Western Europe.

Last year’s optimism regarding the bloc’s ability to take on asylum seekers quickly faded as eurocrats suddenly realized just how daunting a task they’re facing. Even if the integration effort were going smoothly, the task would be well nigh impossible. Germany, for instance, took in some 1.1 million refugees in 2015 - the country only has 82 million people.

A European MP has announced that they have obtained documents that proves that Turkey aid and support terrorists groups such as ISIS in Syria.  In an interview with the Lobe Log news agency, European Parliament member Kati Piri says that she has evidence that Turkey purchases oil from ISIS, and that Turkish intelligence agencies have conspired to cause the “immigration tsunami” currently happening throughout Europe. Awdnews.com reports: Piri says that she hoped that the European Parliament will force Turkey to be held accountable for this.

"Putin Uses The Refugee Crisis To Weaken Merkel", by Judy Dempsey as originally published at Carnegie Europe,

Back in December 2015, when it became clear that refugees from the Middle East would continue to head toward Germany, Chancellor Angela Merkel reassured her conservative Christian Democratic Union party that everything was under control. All she needed, she told party members, was more time. Germany could manage the influx of over 1 million refugees and asylum seekers.

Earlier this month, Kyle Bass asked a funny question in a discussion with CNBC’s David Faber. To wit: “If some fund manager in Texas is saying that your currency is dramatically overvalued, you shouldn’t care on a $10 trillion economy with $34 trillion in your banks. I have, call it a billion -  it’s so small it should be irrelevant and yet somehow it’s really relevant.”

Submitted by Erico Matias Tavares via Sinclair & Co.,

William R. White is the chairman of the Economic and Development Review Committee at the OECD in Paris. Prior to that, Dr. White held a number of senior positions with the Bank for International Settlements (“BIS”), including Head of the Monetary and Economic Department, where he had overall responsibility for the department's output of research, data and information services, and was a member of the Executive Committee which manages the BIS. He retired from the BIS on 30 June 2008.