from The Great Debate:
It was a familiar scenario this week. First the government in Kiev said that Russia was sending convoys of men and weapons to support pro-Moscow separatists in eastern Ukraine. Then U.S. General Philip Breedlove, NATO’s top commander in Europe, confirmed those claims, saying “there is no question anymore about Russia’s direct military involvement in Ukraine.” His remarks were summarily denied by the Russian Defense Ministry, which said it had stopped paying attention to his “unfounded proclamations.”
from John Lloyd:
One of the themes that Russian President Vladimir Putin tried out to besmirch the Ukrainian revolt against pro-Russian President Viktor Yanukovich earlier this year was that fascists and anti-Semites were behind the uprising. The protesters, he proclaimed, were revolting in both senses of the word: They had chased out an elected president (true) and their actions had allowed “anti-Semitic forces [to go] on a rampage” (not true).
Scottish nationalist leader Alex Salmond and former British finance minister Alistair Darling, who is fronting the campaign to remain part of the United Kingdom, go head-to-head in the first and possibly only live television debate of the campaign. It is a bigger moment for Salmond, Scotland’s First Minister, who must garner a shift in the polls which consistently put his “Yes” campaign significantly behind with the referendum only six weeks away.
European Central Bank President Mario Draghi makes a lengthy appearance in the European Parliament in Strasbourg. He will doubtless reassert that the ECB would start printing money if necessary but, as we reported last week, policymakers are fervently hoping they won’t have to and that a raft of measures announced in June will do enough to lift the economy and inflation.