“Let's stop criticizing our banks!”

More than ten years after the subprime mortgage crisis, all the light has not been shed, and yet the idea of ​​the guilt of the banks has taken hold firmly in people's minds. They are even blamed for the double fault, since after playing with fire and triggering the crisis, they allegedly asked for help from the States. This unanimous condemnation, the result of incomplete analyzes, is a heavy component of the bank bashing that has raged since then and unfortunately works against our interests. We are indeed at a critical moment when Europe, faced with the domination of American finance and the dollar, must develop its own financial capacities. The development of a strong pan-European financial sector is therefore essential if we particularly want to foster the emergence of future European gafas. 
If it is vain to hope for the complete disappearance of this bank bashing and, one might say, of the bashing market whose roots plunge both in history and in ignor…

Gas: Germany tries to defuse conflict between Turkey and Greece

Berlin wants to mediate, to ease tensions between Ankara and Athens over gas in the eastern Mediterranean, a highly contested area. "Instead of further provocations, we finally need some detente and start direct discussions," warns a minister. 

Faced with the risk of escalation on the gas front between Turkey and Greece, Germany is stepping up to the plate. Seeking to calm the sharp tensions between the two neighboring countries over the search for hydrocarbons in the eastern Mediterranean, a hotly contested area, Berlin undertook a mediation mission in Athens and then in Ankara, on the same day of rival military exercises in the region. "The windows for dialogue between Greece and Turkey must now be wide open and not closed," German foreign minister Heiko Maas said in Berlin on Tuesday, shortly before leaving for Athens, where he is visiting for the second time. in less than a month.

“Instead of further provocations, we finally need detente measures and start direct discussions,” added the German minister, while the demonstrations of force of Ankara multiply in a disputed area rich in hydrocarbons. Germany, whose country holds the rotating presidency of the Council of the European Union, fears "a new escalation" between Turkey and Greece, both members of NATO. She believes that this "can only harm everyone but especially those directly involved on the spot", according to Mr. Maas.

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The head of German diplomacy is due to meet his Greek counterpart Nikos Dendias in Athens, as well as Prime Minister Kyriakos Mitsotakis, before meeting with Turkish Foreign Minister Mevlut Cavusoglu in Ankara. The European Union, through the voice of its foreign minister Josep Borrell, called on Ankara to "immediately" cease its search for gas fields in the Mediterranean. It is due to work on the dispute which directly concerns Greece and Cyprus, both members of the EU, on August 27 and 28 in Berlin.

Fearful of being excluded from sharing the region's immense natural gas reserves, Ankara deployed warships on August 10 in an area claimed by Greece, causing tensions with Athens to escalate and concern in Europe. . A sign that the crisis is not over, Turkish President Recep Tayyip Erdogan, galvanized by the discovery of a large gas field in the Black Sea, announced Friday that his country would accelerate research in the eastern Mediterranean. On Sunday, Ankara decided to extend the presence of its Oruç Reis seismic building in this area for four days, until August 27. 

Ankara and Athens have announced the holding, from Tuesday, of military exercises in the eastern Mediterranean. On the Greek side, it is an "aeronautical exercise off the Greek islands of Crete, Karpathos and Kastellorizo", involving only Greek forces, a military source told AFP on Tuesday morning. A training exercise will be held soon with the aviation of the United Arab Emirates, while another took place on Monday in southern Crete with Greek and American forces, according to this source.

On the Turkish side, the Defense Ministry announced the holding of "transitional military exercises" with the participation of "Turkish and allied ships" Tuesday south of the island of Crete. Turkish media described the exercises as a "response" to the Athens maritime notice (Navtex) issued on Sunday. The small Greek island of Kastellorizo, located two kilometers from the Turkish coast, crystallizes Ankara's anger.

According to Athens, the waters surrounding this island are under Greek sovereignty but Ankara responds that this position deprives Turkey of tens of thousands of km2 of sea rich in gas. "From now on, it is Greece which will be responsible for the slightest concern that could happen in the region. (...)", criticized President Erdogan on Monday. "Our drilling ships are continuing their operations as planned," Turkish Energy Minister Fatih Donmez said on Tuesday, planning to "open wells in promising locations".

"Our arguments are strong according to international law. Greece is joining forces with certain countries to appear in the truth because it lacks credibility," he added on pro-government television A Haber. Athens has for "objective the delimitation of the maritime zones in the region", underlined Tuesday morning its spokesman Stelios Petsas on the public television Ert. Through its presence in Athens and Ankara, "Germany is trying to provide an escape route to the impasse that the Turkish position has caused", he said.

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