Spending Cuts Ahead for UK Armed Forces

Britain has to cut and it has to cut dearly. Along with tax hikes, the new Liberal-Conservative government is preparing to slash public spending across the board in order to restore balance to the budget. The armed forces, having suffered budget cut after budget cut in the preceding years, won’t manage to escape this renewed […]

Former MI5 Chief Denounces Iraq Invasion

Former Director General of MI5, Britain’s internal security service, Baroness Eliza Manningham-Buller described the invasion of Iraq as a mistake on Tuesday, noting that the attack had exacerbated the terrorist threat to the country and was a “highly significant” factor in how “home grown” Muslim fundamentalists justified their actions. Manningham-Buller told the Chilcot inquiry that […]

The Man Who Will Save UK Defense

Like most world nations, faced with massive debt and unemployment, Great Britain is currently planning deep cuts in government expenditure to balance the budget. Not surprisingly, many of these will fall on the military, already greatly strained with replacing Cold War era weapons stocks, while at the same time fighting an ongoing counterinsurggency in Afghanistan. […]

Cameron Defends Emergency Budget

Chancellor of the Exchequer George Osborne delivered his first budget last week, outlining his plans to “balance the books” by 2016. Tax increases and benefit cuts are tough but “unavoidable,” said Osborne. Britian’s coalition government of Conservatives and Liberal Democrats will raise the main value-added tax rate from 17.5 to 20 percent next year. Taxes […]

Now It’s France’s Turn

France is prepared to start negotiations with Iran over its nuclear program within the International Atomic Energy Agency “without delay,” said President Nicolas Sarkozy on Saturday while meeting with his Russian counterpart Dmitri Medvedev. A spokesman for Sarkozy’s office said the talks would be held “on the basis of Brazilian and Turkish efforts and the […]

Europe Ponders Tougher Budget Rules

Europe’s finance ministers agreed last week to review each other’s national budgets in the future to prevent one or several member states from imperiling the stability of the common currency as happened in Greece this April. The move may end being a step in the right direction but little more than that. The finance chiefs […]

Dutch Election Too Close To Call

For the first time in almost a hundred years, the Dutch right-wing liberal party may emerge as the country’s largest parliamentary faction from Wednesday’s election. But as results poured in on election night, the liberals were unexpectedly engaged in a fierce struggle for power with Labor. The outcome was anticipated by preelection polls which had […]