- 🇮🇷/🇸🇦 BREAKING: Iran and Saudi Arabia have declared a joint effort to support the Palestinian cause

@Middle_East_Spectator

🇩🇪 Germany sees no room for extra payments to EU budget to aid Ukraine, says Finance Minister

Germany sees no leeway for additional payments into the EU's long-term budget because of aid to Ukraine, German Finance Minister Christian Lindner said ahead of a meeting of finance ministers in Luxembourg on Friday to discuss reforming the bloc's debt rules.

The budget situation in Germany is strained, the politician added.

"Given the necessary cuts in our national budget, we are currently unable to make any additional contributions to the EU budget."

Other member states are in a similar position, Lindner noted.

The European Commission previously argued that the bloc's 2021-2027 budget has been "maximally exploited" due to the rising costs of support to Ukraine, adding that it will present revisions to the budget on June 20.

The Commission is expected to request more funding following the revision, according to Lindner.

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⚡️🇪🇬🇷🇺 The Russian Embassy in Egypt publishes a statement declaring that as of 17th of June, 2023, over 8 million tons of Russian wheat has arrived in Egypt, as a matter of fact on other statements and previous posts, the Embassy informed us that several shipments have been sent free of charge because "the Russian government is aware of the social circumstances in Egypt and we can not let a friendly nation pass through such trouble."

@Mediterraneanman

🇩🇪🇪🇺 The German far-right Alternative for Germany (AfD) party has said it could seek the “dissolution” of the EU or for Germany to leave the bloc, as part of next year’s European Parliament election campaign.

The proposal states that the party leaders’ “patience with the EU is exhausted. We therefore seek the orderly dissolution of the EU and want to found a new European economic and interest community in its place, a federation of European nations.”

The AfD party conference is due to vote on the stance at the end of July. The party has supported Germany leaving the EU since at least 2019, and has also called for the European Parliament to be abolished, according to local media reports.

The EU parliamentary elections are scheduled to take place in June 2024.

🔗 https://www.handelsblatt.com/dpa/afd-koennte-mit-forderung-nach-eu-aufloesung-in-europa-wahlkampf-ziehen/29214348.html

Exactly what they should be doing.

Saudi Arabia leads bidding for stake in Brazil mining giant

The investment is part the kingdom's attempts to diversify its economy from oil and secure access to strategic minerals

🇪🇺🇭🇺🇵🇱 With billions of euros still frozen for Hungary and Poland, EU chief proposes Ukraine should receive €50 billion in additional aid.

The European Commission is proposing that EU member states provide a total of €50 billion in grants and loans to Ukraine over the next four years to help rebuild the country, Commission President Ursula von der Leyen said on Tuesday.

“Above all, the creation of the reserve will provide predictability for our partners in Ukraine, will encourage other donors, and will allow us to calculate our financial support according to the situation on the ground, as we all know that a war requires us to be as flexible as possible,” said von der Leyen.

The call for tens of billions in aid for Ukraine comes at the same time that the EU has frozen billions in aid for EU member states Hungary and Poland over so-called rule-of-law issues. Ukraine has received extraordinary amounts of aid, with substantial amounts of that aid funneled back into international investment behemoths like J.P. Morgan and BlackRock, arms manufacturers, and even corrupt officials within Ukraine.

The tremendous amounts of money flowing into Ukraine also comes at a time when Europeans are dealing with elevated inflation, rising poverty, higher interest rates, and extremely high housing prices that have priced most families out of the market.

At a press conference on the review of the Multiannual Financial Framework, von der Leyen also announced that the EU proposes to allocate €15 billion for migration management. She stressed that the funding would be used to strengthen cooperation at the EU’s external borders and with countries outside the EU to help refugees in neighboring countries.

The commission president also said the EU should invest €160 billion more to strengthen its technological competitiveness. She added that the commission would introduce a trade barrier against non-EU countries, focusing on “a limited and narrow range of high tech” to preserve its own competitiveness.

“Globalization and an open economy are good for Europe economically, but the world is becoming increasingly geopolitical and there is a limited number of key technologies that can be used aggressively. This is why the issue of economic security has become a priority for us and for many of our partners,” she stressed.

🔗 https://rmx.news/european-union/with-billions-of-euros-still-frozen-for-hungary-and-poland-eu-chief-proposes-ukraine-should-receive-e50-billion-in-additional-aid/

The Greater Eurasia project: Building bridges and breaking barriers

If you're counting on Asia's many new power centers to compete and clash – don't. The Greater Eurasia Partnership is set to integrate them all – from the SCO, EAEU, and BRICS, to emerging new currencies – in order to replace the 'rules-based order.'

By Pepe Escobar

The OCGFC dislike corporate and financial power that is, in one way or another, still subordinate to, or entrenched within, state power.

Some updates: including EU destabilisation, Sudan & Egypt

Prigozhin right now is what it would look like if Luca Brasi decided he was head of the Corleone family

On the Wagner revolt

If your knee-jerk reaction to any disruptive event is to assume the CIA is behind it, you will be wrong more often than you are accidentally right. The abortive coup attempt by Wagner was not a US-engineered operation; it was a warlord doing warlord sh*t. There were many signs that Prigozhin is unstable prior to this. He is essentially a cult leader of a very dangerous combat cult, and had a messianic moment which subsequently receded.
It is not always easy to wait for more information when a situation is unfolding, so it can be tempting to jump the gun and rush to simple explanations for events that will not actually hold up to scrutiny. But you have to try to weigh the information you are getting with whatever other information you may have collected over time regarding overall context, and make your best reasoned assessment.

JUST IN - Right-wing AfD party wins its first-ever district election after rising in polls nationwide in Germany in recent weeks.

@disclosetv

The "I told you so" channel 😁

The evaporating potential of Anwar Ibrahim

Eid Mubarak everyone! We are just reaching it here in Malaysia