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I agree with Tom Hunter that indy Scotland should emulate Singapore

I agree with Tom Hunter that indy Scotland should emulate Singapore

The National22-05-2025

That mega-successful city-state, founded in 1819 by Sir Stamford Raffles, had free trade at its core, at a time when economists like Adam Smith had refuted the mercantilist nonsense of tariffs, and the idea of free trade as our natural right had not been crushed, post-World War One, by the dogma that only the state could grant rights.
READ MORE: Everything you need to know about Saturday's far-right counter-protests in Scotland
Of the larger pro-indy parties, Alba seems to be on the right track, rejecting the EU's incorrigible protectionism and focusing on the European Free Trade Association. As the Trump tariff fiasco has highlighted, protectionism hurts consumers most. Only exporters benefit from it, with their powerful lobbies constantly urging governments to grant them privileges.
The greatest ever send-up of this was Frederic Bastiat's spoof petition by candle-makers to France's Chamber of Deputies, urging them to stymie that intolerable competitor: the sun!
George Morton
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Emmanuel Macron waxwork is brazenly stolen from museum in France
Emmanuel Macron waxwork is brazenly stolen from museum in France

Daily Mirror

time41 minutes ago

  • Daily Mirror

Emmanuel Macron waxwork is brazenly stolen from museum in France

Greenpeace France said Paris was "playing a double game" in supporting Ukraine while allowing French companies to continue with gas and fertiliser imports from Russia A waxwork figure of Emmanuel Macron was stolen from a French museum and placed outside the Russian embassy to highlight his alleged double standards on Ukraine. Greenpeace activists reportedly posed as tourists when they entered Paris' Grevin Museum before covering the statue and taking it out through an emergency exit. ‌ It later reappeared outside the Russian embassy, where activists said the French president was a hypocrite for allowing French companies to continue doing business with Russia despite vocally supporting Ukraine. ‌ No arrests have been made and the waxwork, worth a reported £33,765, has not yet been recovered. Greenpeace said they would return the statue but could not yet confirm when. Jean-Francois Julliard, head of Greenpeace France, said Paris was "playing a double game" in supporting Ukraine while allowing French companies to continue with gas and fertiliser imports from Russia. He said Macron "embodies this double discourse" and "should be the first" among European leaders to end trade contracts with Russian companies. Analysis by the BBC last month revealed that Russia has continued to make billions from fossil fuel exports to the West, including to the EU, since invading Ukraine in 2022. While it led to sanctions, EU states have paid Russia £176bn for fossil fuels since the February 2022 invasion. This includes £15.1bn from France. ‌ Despite threatening further sanctions on Moscow if it does not cooperate in efforts to negotiate a ceasefire to the Ukraine conflict, it remains to be seen if the EU can wean itself off Russian gas. The news came as the mounting instability of France's banking sector jeopardises its role as a key EU partner, Italian journalist Nicola Porro warned. "France, under Macron, is now the new sick man of Europe. It faces a massive fiscal deficit of over 6% of GDP — double the EU's 3% limit — along with a stagnating economy and political instability,' he said. ‌ He highlighted that France's 2025 draft budget proposed £50.5 billion in spending cuts and tax increases to reduce its deficit to 5% of GDP, but warned of serious doubts over its ability to deliver on these promises. He said: "During the eurozone debt crisis, Greece caused a financial panic with just 1.3% of the EU's GDP. "France accounts for over 16%. If things go wrong, the consequences will be on an entirely larger scale: banks risk hundreds of billions, and the ripple effects could reach British shores (because of UK investments in French banks)." ‌ Mr Porro said that the ongoing political situation in France is making matters worse. Macron's party was decisively defeated in the 2024 European elections by Marine Le Pen's Rassemblement National, leaving the French president struggling to maintain a stable government. Adding to the concern are France's military operations in Mali, which ended in 2023, and in Burkina Faso and the Sahel - where French troops continue to help governments fight Islamists-backed insurgencies. Under Macron, France's influence in the region has waned, highlighted by Burkina Faso's president, Captain Ibrahim Traore, saying in January that the French president is 'insulting all Africans" and urged all African nations to end military pacts with Paris. These failures have damaged EU credibility abroad, paving the way for Russia and China to fill the vacuum, heightening security concerns across North Africa and the Mediterranean, Mr Porro said. Despite these setbacks, Macron persists in projecting himself as a global statesman, Mr Porro said. However, he claimed that many see his foreign policy as increasingly erratic and self-serving. Mr Porro added: "His resistance to trade deals like the EU-Mercosur agreement (a free trade deal between the bloc and several South American countries) has been criticised for blocking economic opportunities across the continent. It's always about national interest over EU unity — every time." He added: "And Britain should be very wary of getting too close to that."

Geert Wilders' asylum protest triggers collapse of Dutch government
Geert Wilders' asylum protest triggers collapse of Dutch government

Times

time4 hours ago

  • Times

Geert Wilders' asylum protest triggers collapse of Dutch government

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EU antitrust regulators escalate Visa, Mastercard probe, documents show
EU antitrust regulators escalate Visa, Mastercard probe, documents show

Reuters

time5 hours ago

  • Reuters

EU antitrust regulators escalate Visa, Mastercard probe, documents show

BRUSSELS, June 3 (Reuters) - EU antitrust regulators are asking retailers and payments companies whether a standardized summary of fees by Visa (V.N), opens new tab and Mastercard (MA.N), opens new tab and more transparency on the charges would address their concerns, according to documents seen by Reuters. The latest questionnaires sent on Tuesday, which came nearly two months after the last batch, suggest that EU regulators have escalated their preliminary investigation into Visa and Mastercard. The two companies, which charge scheme fees for services related to participation in their card system and process about two-thirds of card payments in the euro zone, have long faced complaints from merchants and payments companies. The new questionnaires focus primarily on a simpler and more transparent fee structure and how Visa and Mastercard should handle fines levied on retailers and payments companies. Visa and Mastercard did not immediately respond to requests for comment. Respondents were asked whether a standardized summary of fees categorized by type by Mastercard and Visa, including descriptions and services covered, and drafted in plain and intelligible language would be a suitable solution. The 11-page questionnaires asked if changes to contracts including terms and conditions, services and fees should be based on objective, transparent, general and non-discriminatory criteria. Regulators wanted to know if a requirement for card schemes to invoice fines separately would help retailers and payments companies to identify the reason for the levies and to challenge them when appropriate as well as the process for contesting them. The deadline for replies is June 18.

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