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Tag Archives: european union
Is the IMF About to Make Greece an Offer It Can’t Refuse?
Is the IMF About to Make Greece an Offer It Can’t Refuse? “The bailout programs that were proposed for Greece and approved for Greece were much too one-sided. They relied too much on sacrifices on the part of Greece and not enough sacrifices on the part of Greece’s creditors.” These words belong to a Brazilian economist called Paulo Nogueira Batista Jr. who […]
Europe, The Morally Bankrupt Union
Europe, The Morally Bankrupt Union The European Union is busy accomplishing something truly extraordinary: it is fast becoming such a spectacular failure that people don’t even recognize it as one. People have no idea, they just think: this can’t possibly be true, and they continue with their day. They should think again. Because the Grand […]
Europe Blocks U.S. from Racing to War Against Russia
Europe Blocks U.S. from Racing to War Against Russia On Friday, 6 March, President Obama placed temporarily on ice his planned increase in weapons and soldiers to help the Ukrainian Government to ‘defend’ Ukraine against the ‘terrorists’ in Donbass, which is the Ukrainian region that had voted 90% for the President whom the Obama Administration overthrew in February 2014. (Here is where the […]
Greece Proposes To Become A Tax-Collecting Police State: Will “Wire” Tourists And Unleash Them As “Tax Inspectors”
Greece Proposes To Become A Tax-Collecting Police State: Will “Wire” Tourists And Unleash Them As “Tax Inspectors” There were three notable items in the follow up, 11-page letter sent by Yanis Varoufakis earlier today to the Eurogroup, and its president “Jeroen.” But first, by way of background, here is what happened as recapped by Reuters. Earlier […]
ECB Will Cut Rates To Minus 3%: JP Morgan
ECB Will Cut Rates To Minus 3%: JP Morgan A running theme here over the past several weeks has been that the ECB’s €1.1 trillion foray into quantitative easing will be severely hindered by a laundry list of constraints (some of which were unwittingly self-imposed). Another topic we’ve covered exhaustively is the idea that the world’s central […]
One Last Look At The Real Economy Before It Implodes – Part 1
One Last Look At The Real Economy Before It Implodes – Part 1 We are only two months into 2015, and it has already proven to be the most volatile year for the economic environment since 2008-2009. We have seen oil markets collapsing by about 50 percent in the span of a few months (just […]
Global Debt Is MORE THAN TWICE AS BIG As the Entire World Economy … What Does It Mean?
Global Debt Is MORE THAN TWICE AS BIG As the Entire World Economy … What Does It Mean? The Guardian reports that global debt has grown by $57 trillion dollars – to $199 trillion dollars – since the 2008 financial crisis. How much is that? It’s a big number … but what does it actually mean? The Guardian notes that […]
As Greek Default Fears Return, Government Considers “Borrowing” Pensions To Repay IMF
As Greek Default Fears Return, Government Considers “Borrowing” Pensions To Repay IMF Greek short-term default risk jumped over 300bps today putting the odds of a restructuring at 50-50 within the next year as the warnings we issued last week with regard Greece’s imminent default on its IMF loan loom. Seeking to reassure its lenders (and avoid yet more […]
Greece Warns It May Default On IMF Loan Next Week
Greece Warns It May Default On IMF Loan Next Week Now that the Greek tragicomedy of the new government “threatening” to leave the Eurozone if it doesn’t get its way, has been postponed for a few weeks, if not months, we can go back to the biggest story involving Greece, one we first covered in October […]
The Real Ukraine Aggressor: IMF Burying Bankrupt Country In Debt To Fight Civil War
The Real Ukraine Aggressor: IMF Burying Bankrupt Country In Debt To Fight Civil War From Bloomberg News Ukraine risks losing support from IMF member countries for a proposed $17.5 billion bailout if the conflict in the former Soviet republic continues to escalate, according to two people familiar with the matter. The new four-year loan program […]
Briefing For A Descent Into Hell
Briefing For A Descent Into Hell Oh well, some are more equal than others. One day after Eurogroup head Dijsselbloem says France won’t get any more lenience … France Must Respect EU Budget Rules France must meet EU budget targets or risk damaging the bloc’s entire framework for policing countries’ spending plans, the head of […]
The post-1945 geopolitical settlement is now crumbling
The post-1945 geopolitical settlement is now crumbling “Stare into the abyss for long enough” wrote Nietzsche, “and it will stare back at you.” In 1945, Europe seemed caught in the abyss’s basilisk gaze. Tens of millions were dead; millions more were refugees. Cities were shattered; with them, economies. Many of the inhabitants of countries which […]
How Far Is It From Kiev To Athens?
How Far Is It From Kiev To Athens? Riddle me this, Batman. I don’t think I get it, and I definitely don’t get why nobody is asking any questions. The IMF and EU make a lot of noise – through the Eurogroup – about all the conditions Greece has to address to get even a […]
Our Freedom Is Endangered
Our Freedom Is Endangered Liberty … … is a fundamental human right; it is the cornerstone of our existence. But liberty is under attack from all directions, whether through higher state control or individuals themselves. Liberty is in search for its protector. We were given the opportunity to talk to a vanguard of liberty, former […]
Financial War: US Wants to Trigger Wave of Russian Bankruptcies
Financial War: US Wants to Trigger Wave of Russian Bankruptcies [translated by Eric Zuesse, from German Economic News:] http://deutsche-wirtschafts-nachrichten.de/2015/02/23/finanz-krieg-usa-wollen-pleite-welle-von-russischen-unternehmen-ausloesen/ Financial War: US wants to trigger wave of Russian bankruptcies German Economic News | Published: 02/23/15 12:55 clock The US government insists on a tightening of sanctions against Russia, and demands that the EU follow suit. Washington now wants sanctions that will have […]
