The Merkozy’s of Europe will be making “calming” statements over the next few days. We are dangerously close to a death spiral, and they know it. But they have nothing on their shelf but words.
Post Tagged with: "European Union"
November 16, 2011 07:06
MEP Hannan: European coup de grâce in Greece and Italy
British MEP Hannan says the governments in Greece and Italy have been taken over by “technocrats” committed to the European union and the Euro. The new leaders include a former VP of the European Central bank and a former European commissioner.
November 11, 2011 07:39
EUROPAC: We Have Entered The First Of Four Phases That Will Destroy Fiat Money
Phase Four, the most alarming, would be investors’ realization that the US dollar lies at the root of the international currency collapse and is itself vulnerable. Likely, this panic flight from the dollar would develop suddenly, and perhaps in undreamed of volumes.
November 11, 2011 03:40
A Financial Nightmare For Italy
Global financial markets are very nervous right now. You can almost smell the panic in the air. As a CNBC article posted on Wednesday noted, one prominent think tank actually believes that there is a 65 percent chance that we will see a “banking crisis” by the end of November
November 10, 2011 09:57
Beware the Technocrati; The Next Delusion is Technical Government; Borg Cannot Save Europe
The latest proposal, and one we will likely see in Greece and Italy is “technocracy”, rule by well-respected economic experts, who supposedly will know what to do.
November 4, 2011 04:00
Bill Gates Urges Obama to Embrace Global Tax
[T]he Gates Foundation, proposes a financial transaction tax (FTT) as well as taxes on tobacco, aviation and bunker fuel, and carbon (energy), by G20 countries and other members of the European Union.
October 28, 2011 15:54
Europe’s Future Comes Into Focus: Hyperinflation
Italy and Spain will remain under pressure. Nobody has the money to save them or to recapitalize the banks again when the big deficit countries lose access to the market and fail.
October 24, 2011 04:53
Another U.S. Sovereign Downgrade Likely By 2011 Year End, Says Merrill
If the “super committee”, the bipartisan congressional committee formed to address the U.S. deficit, fails to agree on a plan by November 23, $1.2 trillion in automatic spending cuts, mostly in discretionary spending will be triggered, beginning in 2013, which would negatively impact the already fragile U.S. economy, says Merrill. The bank also cut its 2012 and 2013 U.S. GDP forecast to 1.8% to 1.4% respectively.
October 19, 2011 06:12
Kiss the European Union Goodbye
The problem of the EU and the euro “is the loss of an independent monetary policy” because what works for Germany does not necessarily work for France, Spain, Italy, and the other EU members.
October 19, 2011 05:47
Greece general strike begins over spending cuts
The strike for Wednesday and Thursday has been called by the two big unions that cover public and private sector workers. – BBC
