Western Elites Scramble To Shore-Up EU House of Cards

German retreat gives a chance for Greeks to prepare for Grexit

failed revolution

by system failure
The details of the new agreement between Greece and the lenders are rather of little importance. It seems that the four-month period will function mostly as a truce period rather than a period of substantial progress for the two sides to build a bridge between them.
The generalities in the new agreement are very convenient mostly for the Greek side because they will give the flexibility to the Greek government to take some measures during this period against austerity, in order to fight the humanitarian disaster in Greece, as promised.
However, the financial lobbyists, represented by the Troika, insist in the final sadistic fiscal targets, exactly because they know that a devastated economy is impossible to meet them. They will use this four-month period only as an excuse to say later that they treated Greece with enough clemency against the other eurozone members and they will play this card to turn all the eurozone countries against Greece, in order to isolate fully the Greek government.
On the other hand, Tsipras took what he wanted in order to prepare better for a Grexit. The Greek Leftists in power know very well who are dealing with, so they will use this time to prepare for the next battle of this big war. The four-month period is currently a tactical win for the Greeks as it is close to a recent proposal which was not accepted initially by the eurogroup: http://failedevolution.blogspot.gr/2015/02/breaking-four-month-moratorium-proposal.html
Furthermore, the Greek side will exploit this period to build stronger alliance with the Sino-Russian bloc. Tsipras will certainly exploit his visit to Moscow in May (http://failedevolution.blogspot.gr/2015/02/confirmed-putin-calls-tsipras.html), while he will search all the possibilities for a financial aid from BRICS which are building fast an autonomous financial system to decouple their economies from the neoliberal monetary monopoly. In the middle of the negotiations, Tsipras already took the chance to send another message to the Western allies with the help of the Chinese fleet.(http://en.enikos.gr/politics/24368,Tsipras_welcomes_Chinese_fleet_in_Piraeu.html)
This will bring further pressure to the American factor as the nightmare may become true. Losing part of Europe and especially a geopolitically important country like Greece would be absolute disaster for the Western dominance, which is widely disputed already.
If Greece play this card smartly, the Americans will be forced to impose further pressure especially to the Germans to retreat further towards the Greek demands at the end of the four-month period. The relations between the two countries are not in the best shape already. (http://failedevolution.blogspot.gr/2014/07/who-is-considered-ostensible-ally-by-us.html)
However, this will give further extension to the hopes of the European people as the Spanish elections and Podemos win will come even closer. After that, everything is possible. It is the first time that the Western elites are in such a difficult position after many decades of complete dominance. Grexit or not, it seems that they are losing control. What will they do then? Actions as usual in order of magnitude: propaganda – soft assassinations – economic hitmen – hard assassinations – color revolutions – military coups.
That’s why it is important the rapid rise of the Leftist powers in other European countries. It would be extremely difficult to apply all these in many European countries simultaneously.

IMF Puts the Screws To Ukraine for Latest Bailout–280% Increase In Gas Prices Mandated

[Let the Food Riots in Ukraine Begin!  How will Obama and Bitch Nuland manage to blame Putin for the coming anti-austerity protests?]

IMF aid package pushes Ukraine gas prices up 280%

Russia-Today
Reuters / Regis Duvignau

Reuters / Regis Duvignau

Ukraine has agreed to increase the cost of gas to consumer by 280 percent, and 66 percent for heating, as part of the IMF terms for getting extra financial aid, says Valery Gontareva the head of the National Bank of Ukraine.

“From now on, in accordance with our joint program with the IMF, the tariffs will see rather a sharp increase of 280 percent for gas and about 66 percent for heat,” said Gontareva Wednesday during the 11th Dragon Capital investment conference in Kiev. She added that as a result inflation will be 25-26 percent by the end of 2015.

The tariff rises are part of the amendments to the 2015 budget the government has had to introduce in order to receive an $8.5 billion loan from the IMF by the end of the year.

The changes will also see Ukraine’s budget deficit growing to 4.1 percent of GDP and forecasts a 5.5 percent decline in the Ukrainian economy.

Prime Minister Arseny Yatsenyuk had warned of future price rises for gas and heating, and stressed the IMF saved Ukraine from default, and now it’s time to make moves which should eventually result in Ukraine’s complete independence from Russian gas.

The tariff increase was among the subjects Ukraine and the IMF touched upon during negotiations in January. Deputy Chairman of the Ukraine parliament’s budget committee Viktor Krivenko said the IMF had requested a sevenfold increase in prices.

The head of IMF Christine Lagarde said on February 12 that the preliminary agreement reached between Kiev and Western creditors envisages increasing the aid package to $40 billion over the next four years.

The program will help Ukraine receive an additional $25 billion in financial aid, of which $17.5 billion will be provided to stabilize the financial situation in the country.

The latest IMF program will replace the $17 billion package agreed in April 2014. Ukraine has already received $4.5 billion under that agreement, thus the total IMF loans to Ukraine since the beginning of the crisis amount to $22 billion.

Thousands Take to the Streets of Europe Ahead of Greece, EU Meeting

B94t9g1IUAEKUpNThousands Take to the Streets Ahead of Greece, EU Meeting

telesur

A day before a euro zone finance ministers’ meeting in Brussels, thousands hit the streets of Europe to show support for the Greek people and their newly-elected left-wing government which is looking to undo years of imposed austerity programs.

Demonstrations in cities across the UK, France and Spain stood in solidarity with massive crowds in Greece that also went out to express support for the Syriza government led by new prime minister, Alexis Tsipras.

Meanwhile, Syriza officials told media that they remained committed to making good on their promises to Greek voters and improve their country.

“I expect difficult negotiations; nevertheless I am full of confidence,” Tsipras told Germany’s Stern magazine. “I promise you: Greece will then, in six months’ time, be a completely different country.”

“The Greek government is determined to stick to its commitment towards the public … and not continue a program that has the characteristics of the previous bailout agreement,” Greek government spokesman Gabriel Sakellaridis said to Greece’s Skai television.

People walk in front of the parliament during an anti-austerity and pro-government demonstration in Athens February 15, 2015.
People walk in front of the parliament during an anti-austerity and pro-government demonstration in Athens February 15, 2015. Photo:Reuters
People gather in front of the parliament during an anti-austerity and pro-government demonstration in Athens February 15, 2015.
People gather in front of the parliament during an anti-austerity and pro-government demonstration in Athens February 15, 2015. Photo:Reuters
Protesters wave Greek, Portuguese and Spanish flags in front of the parliament during an anti-austerity and pro-government demonstration in Athens February 15, 2015.
Protesters wave Greek, Portuguese and Spanish flags in front of the parliament during an anti-austerity and pro-government demonstration in Athens February 15, 2015. Photo:Reuters
Solidarity Demonstration at Trafalgar Square, UK.
Solidarity Demonstration at Trafalgar Square, UK. Photo:Louise Regan/ Facebook
Solidarity Demonstration in Nottingham, UK.
Solidarity Demonstration in Nottingham, UK. Photo:Ra H/ Facebook
Solidarity Demonstration at Trafalgar Square, UK.
Solidarity Demonstration at Trafalgar Square, UK. Photo:Ra Ha/ Facebook
Demonstrations in Paris
Demonstrations in Paris Photo:Florian Martiny/ Twitter
At Royal Palace, Dam Square, Amsterdam.
At Royal Palace, Dam Square, Amsterdam. Photo:Greek Rebel News/ Twitter

EU Follows Obama’s Lead Voting To Open the Armories of Europe for Ukraine

[SEE:  Obama’s Russian War Resolution Passes By 411 to 23]

Russia accuses European parliament of gunning for war

kyiv post

President Petro Poroshenko gives a speech as he hands over new military equipment to the Ukrainian forces near the city of Zhytomyr, some 140 km from Kiev, on January 5, 2015.
© SERGEI SUPINSKY / AFP

Russian officials have accused the European Union of “militancy” in a bitter response to the Jan. 15 European parliament resolution giving member states carte blanche to supply arms to Ukraine.

The head of the Russian Federation Council committee on international affairs, Konstantin Kosachev, denounced the resolution as “especially militant.”

“The European parliamentarians discourage those who are trying to look for dialogue with Russia, not confrontation,” he said.

The European parliament condemned Russia’s “aggressive and expansionist policy, which constitutes a threat to the unity and independence of Ukraine and poses a potential threat to the EU itself.”

In its resolution, parliament urged the European Council to keep in place tough sanctions against Russia and even proposed broadening them into the nuclear and international financial sectors if Putin’s government continues to destabilize Ukraine.

The resolution went on to state that “there are now no objections or legal restrictions to prevent Member States from providing defensive arms to Ukraine” and that “the EU should explore ways to support the Ukrainian government in enhancing its defence capabilities and the protection of Ukraine’s external borders.”

Aleksey Pushkov, the head of the foreign affairs Committee of the Russian Duma, called the resolution “banal and dangerous.”

“By calling to maintain and even enhance sanctions against Russia the European Parliament is supporting tension in Europe,” Pushkov added.

The European Parliament resolved to support the EU’s existing policy of refusing to recognize Russia’s annexation of Crimea and welcomed recently adopted additional sanctions on investment, services and trade relating to Crimea and Sevastopol.

It also highlighted Russia’s “information war” in Europe and called on the EU officials to develop a plan to counter Russian propaganda with their own Russian language programming.

Yet Ukraine was also disappointed with the resolution, which fell short of describing the Russian-backed separatists as terrorists.

President Petro Poroshenko had claimed on Jan. 13 that the European Parliament was preparing to call on the leaders of European Union to place the self-proclaimed Donetsk People’s Republic and Luhansk People’s Republic on their list of terrorist organizations.

But European MPs instead condemned “acts of terrorism and criminal behavior of the separatists and other irregular forces in eastern Ukraine,” adding that “according to credible sources, Russia continues to support the separatist militias through a steady flow of military equipment, mercenaries and regular Russian units, including main battle tanks, sophisticated anti-aircraft systems and artillery.”

The Russian war — using proxies and, when needed, Russian regular army troops — in eastern Ukraine has already taken more than 4,700 lives, according to United Nations estimates. On Dec. 18, U.S. President Barack Obama signed a law allowing for economic and military support to Ukraine, but the current American policy remains not to supply Ukraine with lethal weapons.

Kyiv Post staff writer Oksana Grytsenko can be reached at grytsenko@kyivpost.com

Will Greece Nationalize Banks After Latest Bank-Run?

Draghi blackmails Greeks

failed revolution

… and we haven’t even reached the election day
globinfo freexchange
It appears that ECB decided that will not buy Greek bonds, after the systemic banks of the country reported having liquidity problems, only a week before the crucial national elections. It’s important to remind that the Leftist party, SYRIZA, which is determined to terminate austerity policies, precedes in all polls.
From ZH:
Der Spiegel reports after the European close that ECB QE will not include Greek bonds due to their low rating… but will see national central banks buying own-country debt.”
and
… following yesterday’s report that two Greek banks had suffered sufficiently material deposit withdrawals to force them to apply for the unpopular and highly stigmatizing Emergency Liquidity Assistance program with the ECB, now the other two of Greece’s largest banks have also succumbed to reserve depletion after the Greek bank run appears to have gone viral. As Greek Capital.gr reports, now all four Greek banks have requested ELA assistance from the same ECB president who earlier today is said to have unceremoniously kicked out Greece from the ECB’s QE program.”
As predicted, more than two years ago:
… the ECB becomes a corresponding Fed in the European area, “serving” the problematic economies that are excluded from the bond markets, through the print of new money. Therefore, the problematic economies will be loaded with more and more debt which the ECB, i.e. the largest private European banks will hold. Someone could argue that is not something new, since nations were facing huge debts in previous years, because they were indebted to banks through the excessive borrowing from the markets. But in this case, there is an important difference that makes things much worse: it is the cruel conditions imposed by the ECB to states that need to buy money. States that are excluded from markets, are now trapped within the neoliberal economic empire of the eurozone and will be forced to follow new austerity measures every time they need ECB to buy their bonds.
Meanwhile, the banking-media dictatorship in Greece has launched a new propaganda war against SYRIZA’s MP, Rachel Makri this time, who stated that Greece could “print” up to 100 billion euros in an emergency situation. The systemic parrots in the mainstream media and various governmental officials, as well as others from pro-austerity parties, rushed to blame Makri as being irresponsible, dangerous, etc. Systemic-friendly trolls flooded internet with ironic uploads and Samaras’ party, New Democracy, made some tv spots in less than 24 hours, to point the supposed “irresponsibility” of Marki. Another indication that the system acts under absolute panic.
However, the reality is that the country does have the possibility to print euros by itself. In fact, this has been done already by another country, being under a memorandum program, like Greece.
From the Irish Independent, date 15/01/2011: “… the Central Bank of Ireland is financing €51bn of an emergency loan programme by printing its own money. […] A spokesman for the ECB said the Irish Central Bank is itself creating the money it is lending to banks, not borrowing cash from the ECB to fund the payments. The ECB spokesman said the Irish Central Bank can create its own funds if it deems it appropriate, as long as the ECB is notified.” (http://www.independent.ie/business/irish/central-bank-steps-up-its-cash-support-to-irish-banks-financed-by-institution-printing-own-money-26614131.html)
Therefore, the systemic parrots either are lying, or, they should explain why wasn’t allowed to Greece to print its own euros. In any case, we know the answer: because Greece was chosen to be the “guinea pig” for the experiment of the most catastrophic neoliberal policies, and this experiment must be expanded throughout Europe at any cost.
We should wait to see how the ECB will react after the elections depending on the result. Under a specific scenario, already mentioned that “… the ECB will blackmail the government by threatening that will not purchase government bonds, therefore cut liquidity, in case that Greece choose a different path towards the reconstruction of the social state and labor rights, bringing minimum wage at pre-crisis levels, etc.”, and the only solution in this case, would be a fast reaction: “In case that SYRIZA has a secret agenda, and be pressed by the lenders beyond red lines, it could nationalize the central bank and return to the national currency, blowing up eurozone.” (http://failedevolution.blogspot.gr/2014/12/various-scenarios-for-national.html)
Otherwise, the officials of the European neoliberal economic empire may proceed to the last measure, which would be to remove the right of the eurozone countries to produce their own liquidity and be totally dependent on the ECB. Do they afraid SYRIZA that much? Probably not. What they afraid, is a domino of a rise of the Leftist parties in power in many European countries. As the old political system has been fully neoliberalized and has nothing to offer to the societies other than absolute destruction, the only way that was left, is blackmail. Maybe the time has come for the European people to fight and win the class war.
Read also:

Obama’s High-Stakes Gamble Handing Domination Of Global Oil Market To Saudis

Obama’s, Saudi Arabia’s beheading of U.S. oil will exact a heavy toll

pesonal liberty

oil pricesThe price of oil is sinking faster than the Titanic. The influence on it is Saudi Arabia, which has opened up the spigots, forcing down the price of oil to $50 per barrel compared to $110 last summer. The big winner in the crude sweepstakes is Saudi Arabia, which is increasing its world market share. The big losers are U.S. petroleum and shale oil producers who can no longer turn a profit. And the man with the sword in his hands is President Barack Obama.

Obama opposed U.S. petroleum drilling even before he took office. Yet he eagerly bows to the Saudi monarch, the ailing King Abdullah. Obama has provided enormous military hardware to the Saudis even as Saudi Arabia continues to fund Sunni terrorists, including the Islamic State (ISIS). Equally startling is that Obama has set the stage for a commodity price collapse, which could cause the worst economic crisis in America since the Great Depression.

Oil insiders believe that the credit Obama has received for the stunning rebound in U.S. petroleum production is contemptible. While the president did promise to open up new areas for exploration, he also clamped down on the offshore drilling following the BP oil spill in April 2010. Obama suspended offshore drilling leases and authorized an investigation of 29 oil rigs in the Gulf. Later, his administration ordered a six-month offshore drilling moratorium enforced by the U.S. Department of the Interior. That ended only when a federal judge lifted the moratorium, finding it too broad, arbitrary and unjustified.

A Forbes headline in March 2012 declared, “President Obama Has An Oil Problem.” The writer, Robert Bradly Jr., wrote: “In addition to dragging its feet on existing oil sources, the Obama administration has taken blatantly anti-oil actions.”

At the same time, the Obama administration has provided enormous support to Riyadh. In 2010, the Obama administration pulled off the largest arms deal ever. It was a $60.5 billion sale to Saudi Arabia of weapons with offensive capabilities.

Now with Obama’s blessing, Saudi overproduction of crude is in full swing. Last year, petroleum prices underwent their second largest annual decline in history. That has been great news for American drivers. But the cost of Saudi oil dominance cannot simply be measured at the gas pump. ConocoPhillips, a major player in the U.S. shale industry, has announced that it will “defer significant investment” in U.S. shale oil until returns look more promising. That isn’t likely until oil prices recover to more than $65 per barrel.

 

Deflation: The coming collapse of commodity prices

The global impact of crashing crude is what worries me most. Last month, Goldman Sachs reported nearly $1 trillion in investments in future oil projects will not happen at today’s prices. That was after looking at what was to be the development of 400 of the world’s largest planned oil and gas fields, not including U.S. shale projects. Factor those, and thousands of good-paying American jobs will disappear.

Obama is playing a dangerous game conspiring with Saudi Arabia. If crude prices continue to fall, as I believe they will, to below $40 per barrel, it will have a crippling impact on the commodity markets. We are almost certain to see Obama’s trickle “down” economics to do far more than just cripple the budding U.S. oil shale industry. I predict that in 2015 every resource industry from agriculture to mining is going to begin a serious decline that may last until the end of this decade.

Last year, billionaire and Obama confidante Warren Buffet was purchasing up wind farms. Buffet is shrewd. In five years, wind farms may be the only farms worth owning. I witnessed it before in the early 1980s when crashing oil prices crippled not only oil-dependent states like Texas and Alaska but also farm and mining states like Nebraska, Iowa and Idaho.

I saw the farming crisis firsthand when I was 22 and writing for a cattle magazine. I already had a general understanding of the boon years of the 1970s and the enormous correction that was occurring then, in the early ’80s, because my uncle owned a 2,000-acre mixed farm. He was lucky to sell out near the top, but many of our family’s friends who knew of no other way of life were bankrupted.

During those first years as a young writer, I would sometimes be driving through farm country. I saw the devastation.

According to Neil E. Harl, an Iowa State economics professor, more than three percent of the 2.4 million farmers in the U.S. left the farm each year in the early 1980s. In 1985, the U.S. Department of Agriculture reported net farm income fell by nearly one-third during the first half of that decade. As farm commodity values declined, farmland values plunged. And that broke the backs of tens of thousands of farmers and ranchers.

 

Saudi Arabia and Barack Obama: A sinister alliance?

At my next job as an investment writer, I saw the same havoc in the mining industry. The Idaho Silver Valley, which had provided so many jobs to miners in the ’70s, was abandoned in the ’80s. Those families that stayed on were mostly impoverished as mine upon mine shut down. Today, the region — including surrounding cities like Spokane, Washington, and Great Falls, Montana — is a remnant of what it was during the boon in the ’70s.

It seems Obama is providing too much to Saudi Arabia where Christianity is illegal and where weekly beheadings draw large audiences. Even more disturbing is that Saudi Arabia is the world’s largest financial backer of the worst jihadist groups, including ISIS. WikiLeaks disclosed a 2009 State Department communication by then-Secretary of State Hillary Clinton which read, “[D]onors in Saudi Arabia constitute the most significant source of funding to Sunni terrorist groups worldwide.”

So even as Obama promises to fight Islamic extremism, he is backing the very kingdom that is backing the crazies who want to kill Americans. Others agree, including Larry Klayman, whose article was published last Saturday by WND:

Indeed, under the “leadership” of our “Black-Muslim in Chief” — who favors all things African and Islamic over the rest of us — it is likely that the nation and the world is about to explode at any moment. Things have simply been simmering along for too long for this not to occur at some point.

Obama continues to put America more at risk each passing month. His close relationship with Saudi Arabia should alone have him impeached but of course he is almost untouchable because of his heritage and his powerful friends in and out of government. As we begin 2015, the nation faces an impending deflationary collapse.

Yours in good times and bad,

–John Myers

John Myers is editor of Myers’ Energy and Gold Report. The son of C.V. Myers, the original publisher of Oilweek Magazine, John has worked with two of the world’s largest investment publishers, Phillips and Agora. He was the original editor for Outstanding Investments and has more than 20 years experience as an investment writer. John is a graduate of the University of Calgary. He has worked for Prudential Securities in Spokane, Wash., as a registered investment advisor. His office location in Calgary, Alberta, is just minutes away from the headquarters of some of the biggest players in today’s energy markets. This gives him personal access to everyone from oil CEOs to roughnecks, where he learns secrets from oil insiders he passes on to his subscribers. Plus, during his years in Spokane he cultivated a network of relationships with mining insiders in Idaho, Oregon and Washington.

EU Leadership Still Self-Blind To US Evil Intentions for Europe and Russia

[SEE:  West wants to end confrontation with Russia over Ukraine – EU foreign policy chief ]
European Union Foreign Policy Chief Federica Mogherini…rejected the idea that the EU’s position on the crisis differs from that of the US.
“It is not true that there is a soft Europe stance, which opposes the US hardline position.”
Mogherini said that Washington’s views on Russia match those of Europe…“everyone wants to get out of the logic of confrontation.”

‘F**k the EU’

Victoria Nuland: US-Assistant Secretary of State for European and Eurasian Affairs Geoffrey R. Pyatt: United States Ambassador to Ukraine

Biden says US ’embarrassed’ EU into sanctioning Russia over Ukraine

Russia-Today
U.S. Vice President Joe Biden (Reuters / Jonathan Ernst)

U.S. Vice President Joe Biden (Reuters / Jonathan Ernst)

America’s leadership had to embarrass Europe to impose economic hits on Russia over the crisis in Ukraine – even though the EU was opposed to such a motion, US Vice President Joe Biden revealed during a speech at Harvard.

“We’ve given Putin a simple choice: Respect Ukraine’s sovereignty or face increasing consequences,” Biden told a gathering at the John F. Kennedy Jr. Forum at Harvard University’s Institute of Politics on Thursday.

The consequences were the sanctions which the EU imposed on Russia, first targeting individual politicians and businessmen deemed responsible for the crisis in Ukraine, then switching to the energy, defense, and economic sectors.

“It is true they did not want to do that,” Biden admitted.

“It was America’s leadership and the president of the United States insisting, oft times almost having to embarrass Europe to stand up and take economic hits to impose costs,” the US vice president declared.

AFP Photo / Patrick Hertzog

AFP Photo / Patrick Hertzog

Those costs deemed behind the ruble’s historic plunge not only forced America’s ExxonMobil to retreat from Russia’s Arctic shelf, but also provoked counter-measures from Moscow, which suspended certain food imports from the EU.

Russia’s counter-sanctions have hit many of the EU’s agricultural states. EU members, particularly those close to Russia, were the most affected by the loss of the Russian market.

For instance, the Netherlands – the world’s second-largest exporter of agricultural products – is set to lose 300 million euro annually from canceled business with Russia, as it accounts for roughly 10 percent of Dutch exports of vegetables, fruit, and meat.

At the same time, Poland was hit hard by the Kremlin’s sanctions, as its food exports to Russia totaled $1.5 billion in 2013.

Spain, a large exporter of oranges to Russia, is estimated to miss out on 337 million euro ($421 million) in food and agriculture sales, while Italy has estimated its losses at nearly 1 billion euro ($1.2 billion).

Following pressure from local farmers, a 125 million euro EU Commission Common Agricultural Policy fund was established, from which the growers are expected to get some cash, while Amsterdam is willing to cover the cost of transporting excess produce to eight food banks across Holland.

Overall, Moscow’s one-year food embargo against the EU, the US, Norway, Australia, and Canada will block an estimated $9 billion worth of agricultural exports to Russia.

With European countries now at a loss with apple and dairy surplus, it is not exactly clear whether EU producers will be able to return to the Russian markets after the one-year ban expires.

However, this is no secret to the US, as Assistant Secretary of State Victoria Nuland remarked on Thursday.

“Implementing sanctions isn’t easy and many countries are paying a steep price. We know that. But history shows that the cost of inaction and disunity in the face of a determined aggressor will be higher,” Nuland said.

U.S. Assistant Secretary of State for European and Eurasian Affairs Victoria Nuland (R) and U.S. Ambassador Geoffrey Pyatt (2nd R) distribute bread to riot police near Independence square in Kiev December 11, 2013. (Reuters / Andrew Kravchenko)

U.S. Assistant Secretary of State for European and Eurasian Affairs Victoria Nuland (R) and U.S. Ambassador Geoffrey Pyatt (2nd R) distribute bread to riot police near Independence square in Kiev December 11, 2013. (Reuters / Andrew Kravchenko)

Nuland’s reference to necessary action against the “aggressor” might be taken with a grain of salt by the Europeans, as the “F**k the EU” leak is still fresh in their memory.

The four-minute video – titled ‘Maidan puppets,’ referring to Independence Square in Ukraine’s capital – was uploaded by an anonymous user to YouTube.

Nuland was recorded as saying the notoriously known phrase during a phone call with US Ambassador to Ukraine Geoffrey Pyatt, as the two were seemingly discussing a US-preferred line-up of the Ukrainian government. It apparently referred to Washington’s policy differences with those of the EU on ways of handling the Ukrainian political crisis, with Nuland suggesting to “glue this thing” with the help of the UN and ignore Brussels.

The US State Department did not deny the authenticity of the video and stressed that Nuland had apologized for the “reported comments.”