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Tag Archives: european union
Italy’s Banking Crisis Spirals Elegantly out of Control
Italy’s Banking Crisis Spirals Elegantly out of Control How to dump toxic waste on the public through the backdoor. Back during the euro debt crisis, while the ECB was buying government debt from Member States to keep Italian and Spanish government debt from imploding, German politicians fretted out loud about what exactly the ECB was buying. […]
Larry Summers Launches The War On Paper Money: “It’s Time To Kill The $100 Bill”
Larry Summers Launches The War On Paper Money: “It’s Time To Kill The $100 Bill” Yesterday we reported that the ECB has begun contemplating the death of the €500 EURO note, a fate which is now virtually assured for the one banknote which not only makes up 30% of the total European paper currency in circulation by […]
EU to Regulate Virutal Currency Exchanges and Wallet Providers
EU TO REGULATE VIRTUAL CURRENCY EXCHANGES AND WALLET PROVIDERS The European Commission has revealed it wants to prevent the abuse of virtual currencies for money laundering and terrorist financing purposes by bringing virtual currency exchanges into the scope of the Anti-Money Laundering Directive. Announcing its Action Plan to combat terrorist financing, Vice-President Valdis Dombrovskis, in charge […]
Greece Slides Back Into Recession Amid Riots, Rewewed “Grexit” Calls
Greece Slides Back Into Recession Amid Riots, Rewewed “Grexit” Calls It was just over a year ago that Greece elected Alexis Tsipras and Syriza amid a flurry of anti-austerity sentiment. Things didn’t exactly go as planned. The new PM and his “radical” finance minister Yanis Varoufakis thought they could shake things up in Brussels […]
Day Of Reckoning: The Collapse Of The Too Big To Fail Banks In Europe Is Here
Day Of Reckoning: The Collapse Of The Too Big To Fail Banks In Europe Is Here There is so much chaos going on that I don’t even know where to start. For a very long time I have been warning my readers that a major banking collapse was coming to Europe, and now it is […]
Why a selloff in European banks is ominous
Why a selloff in European banks is ominous Europe’s bank index has posted its longest weekly string of losses since 2008 Everett Collection Dark clouds are gathering around Europe’s banking sector. European banks have been caught in a perfect storm of market turmoil, lately. Lackluster profits and negative interest rates, have prompted investors to dump shares […]
The Death Throes of Oil
The Death Throes of Oil PRINCETON – The price of oil is often regarded as a sort of thermometer to measure the health of the world economy. What is less often noted is that it can also serve as a barometer – warning of approaching geopolitical storms. Indeed, the dramatic plunge in the price of […]
New Safe Harbor Data “Deal” May Be More Politicking Than Surveillance Reform
New Safe Harbor Data “Deal” May Be More Politicking Than Surveillance Reform Lobbyists, government officials, and technology executives celebrated newsfrom Strasbourg on Tuesday morning that the European Commission and the United States had reached an agreement to reinstate the free flow of massive amounts of data between companies in the United States and the European Union, […]
Saudi Arabia Conducted 119 Airstrikes Against Civilian Targets In Yemen, UN Panel Finds
Saudi Arabia Conducted 119 Airstrikes Against Civilian Targets In Yemen, UN Panel Finds In March, Saudi Arabia’s air campaign in Yemen will enter its second year. Riyadh began flying combat missions last year in an effort to rollback the Iran-backed militiamen who drove Yemeni President Abd Rabbuh Mansur Hadi into exile. The results of the […]
Europe Moving Into Meltdown?
Europe Moving Into Meltdown? QUESTION: Marty, now the OECD is predicting a financial crash worse than the 2007-2009 event in Europe because they say there is over €1 trillion in bad loans that cannot be collected. They seem to be also changing their opinion to fit your model. Were they there in Berlin? ANSWER: We cannot comment on […]
Italy Races To Defuse €200 Billion Bad Loan Time Bomb With “Bad Bank”
Italy Races To Defuse €200 Billion Bad Loan Time Bomb With “Bad Bank” When Portugal “surprised” senior Novo Banco bondholders with a €2 billion bail-in late last month, the market got an unwelcome reminder that euro periphery banks are far from “solid.” Novo was supposed to house the “good” assets salvaged from the wreckage of […]
Yanis Varoufakis Reveals – Berlin Blocked Greece From Chinese Funding During Crisis
Yanis Varoufakis Reveals – Berlin Blocked Greece From Chinese Funding During Crisis Hundreds of millions of people throughout the Western world are being forced to admit an obvious, yet uncomfortable reality. Democracy is dead. Your vote and your voice doesn’t matter. Not at all. No group of people understand this as intimately as the Greeks. They voted […]
France in State of Economic Emergency
France in State of Economic Emergency President Francois Hollande has publicly stated that the French economy is now in a state of “economic emergency.” He set out a €2bn job creation scheme in a desperate attempt to lift France out of an economic death spiral created by his socialistic policies that have raised taxes and chased […]
Austria suspends Schengen agreement, steps up border control, tells EU to sort out migrant crisis
Austria suspends Schengen agreement, steps up border control, tells EU to sort out migrant crisis Migrants walk during snowfall before passing Austrian-German border in Wegscheid in Austria, near Passau © Michael Dalder / Reuters Vienna is radically changing its policy towards migrants and refugees, Austrian Chancellor Werner Faymann told local media. Faymann said that with […]
