The euro’s time is almost up – so says one of the big three credit rating agencies as it prepares for a mass eurozone debt downgrade. S&P’s announcement shook international markets, with investors cutting and running on European holdings.
Post Tagged with: "European Union"
December 5, 2011 11:08
Europes grand bargain to end socialism
While Obama pushes the US toward socialism the Europeans face the reality of having run out of other people’s money.
December 5, 2011 08:34
Bank Runs?
With the situation in Europe deteriorating and the increasing recognition that there is no solution, capital will leave these banking systems as well as flee the countries involved. If you fear bank failure, you take your cash out. If you fear currency failure, you put your money into safer currencies, preferably outside of the country.
December 5, 2011 03:30
6 Horsemen? Central Banks Dollar Liquidity Only Prolongs The Euro Debt Crisis
Until there’s a fundamental and structural change of how government is held accountable for running and managing a nation’s resources, there could be more crises similar to the one in the Euro Zone popping up to the point of one Scary Grandioso–No more spare bailout capacity.
December 1, 2011 12:02
Yesterday’s Stock Market Rally Courtesy of Government Ponzi
The actions of the Central Banks signal how desperate the situation is. Nothing was done to help Greece, Spain or the other insolvent European sovereigns. Yesterday was an attempt to keep the dysfunctional world financial system going awhile longer.
November 30, 2011 13:53
US to bail out Europe because Germans refuse
Inflation will destroy US savings and purchasing power but the Fed and Obama have decided that is a an ok price to pay to bail out Europeans. Obama is desperate to keep the economy from tanking any further before the 2012 election.
November 30, 2011 05:58
EU entering ‘critical period’ to resolve debt crisis
[A] top official said the region had just days to take decisive action to resolve the crisis. – BBC
November 28, 2011 03:30
Euro Bond: Europe’s Only Way Out For Now
[S]ome economists believe that the outright collapse of the Euro could reduce GDP in its member-states by up to half and trigger mass unemployment, which could lead to widespread civil unrest and property losses. In that scenario, a recession/depression in Europe and the world would be closer to a probability of 100%.
November 22, 2011 06:48
Spain Dumps the Socialists and Gives Resounding Mandate to the Right – Now can we?
The conservatives won roughly 45% of the votes and the Socialists took 29%, according to official election results. In the last elections in 2008, the latter won by about four points.
November 17, 2011 10:08
US banks at risk with billions in European bonds
US banks hold billions in European bonds making the US susceptible to Europe’s debt woes.
