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blogs.telegraph.co.uk The Eurozone will eventually collapse, with at least one member nation leaving this year, says the Centre for Economics and Business Research (CEBR), a noted British think tank. It sees a probability of 99% for a complete breakup within ten years. It could easily happen much faster. If one country leaves, it would [...] It’s your choice, Europe; choose wisely. If you want a model for sanity and growth, look to Iceland. They renounced their unpayable debts and debt-serfdom, and let the market reprice their currency, debt and risk. The nightmare is past for them; they chose wisely. Now it’s your turn to choose. The debt-serfdom will fall to [...] From Neurope, ‘The European Political Newspaper’, on the proposed solution 1. The EU in general and the Eurozone member states in particular will be conceding their fiscal and borrowing sovereignty to a central authority. This could be achieved either through changes to the European Treaties or under a new intergovernmental structure such as the Schengen [...] Secret Fed loans gave banks $13 billion undisclosed to Congress The Fed didn’t tell anyone which banks were in trouble so deep they required emergency loans of a combined $1.2 trillion on Dec. 5, 2008, their single neediest day. Bankers didn’t mention that they took tens of billions of dollars at the same time they [...] The eurozone really has only days to avoid collapse Germany, France examine radical push for eurozone integration World’s largest inter-dealer broker (one that carries out transactions for financial institutions rather than private individuals), now testing trades in drachma against dollar, euro Bank of France: Europe in “true financial crisis“ Bruce Krasting A move is being made in Brussels to “force” the Swiss government/ banks to transfer all of the assets of Greek citizens back to the Greek banks. For a Greek this means that your money is hostage. It has been functionally expropriated. It will be transferred into a banking system that is [...] Dow off 145, banks getting slammed, Europe going kablooey A German bond auction failed to sell out. This isn’t supposed to happen and is a bad moon rising indeed. Join David Buccola, reporting on Occupy Wall Street and Occupy Sothebys (he’s active in both) as well as Keith Boyea, maybe Josh Mull, and myself. We’ll discuss OWS, the worsening financial crisis in Europe, Joe Paterno, and bombing Iran. Listen to the show live, at Polizeros Radio on BlogTalkRadio. You can also listening by [...] So much for the manic partying Wall Street did last week when it was announced Greek bonds would have a mere 50% write-down. (The more rational among us might inquire as to why the banksters found that massive haircut to be such a joyous occasion.) But the euphoria will be short-lived. Portugal just announced it [...] |  | ||||
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