The elites use dominant social themes that are not scarcity-based as well. A different kind of theme is one that leads to political unrest and authoritarian solutions that can then be used to advance either one-world government or wars.
Standard & Poor’s downgraded Belgium’s financial standing Friday, citing the country’s government stalemate and a looming European recession.
Christine Lagarde, managing director of the International Monetary Fund, said Mexico needs to implement structural reforms and Brazil should increase domestic savings.
A week into his new job, Premier Mario Monti is running out of time to reassure nervous investors that his government has a strategy to deal with Italy’s crippling debts.
Banks in states roiled by Europe’s sovereign-debt crisis may be partly shielded from extra costs when they seek government guarantees, according to two people familiar with the situation.
British embassies in the eurozone have been told to draw up plans to help British expats through the collapse of the single currency, amid new fears for Italy and Spain.
• 21 November 2011, Fox News - Your World, with Neil Cavuto - Neil Cavuto talks to Nigel Farage MEP, UKIP, Co-President of the EFD Group in the European Parliament (Europe of Freedom and Democracy)
Europe is falling apart. Yields are rising. France’s debt no longer looks safe. And Germany can’t sell its bonds. The failure of the German bond auction earlier this week was the latest shock. It tells us that pressure on the ECB is mounting.
How the Greek people were enslaved for life
Kyle Bass on the other hand knows his shit cold, and on the show last Friday the subprime superstar didn’t hold back on taking down Sara Montague’s accusive, somewhat insulting rhetoric and absolutely decimated her absurdly sensationalist arguments.
For much of the past few months it looked as if Europe was set to blow. But Angela Merkel's refusal to support a Federal Reserve style bailout of European sovereigns and her recent statement the she had no Hank Paulson style fiscal bazooka in her han
The march comes as Egypt’s Stock Exchange (EGX) Chairman Mohammed Omran rejected suggestions another closure could occur if turmoil persists in the country. The EGX shut its doors for almost two months on January 27, sparking outrage from both domest
Italy had to pay record rates to raise €10bn this morning, while France and Germany warn that a blow-out in its giant debt mountain would signal "the end of the euro."
(Reuters) - France and Germany agreed on Thursday to stop arguing in public over whether the European Central Bank should do more to rescue the euro zone from a deepening sovereign debt crisis.
Investors began to fear the worst for the euro after unusually weak demand at an auction for bonds from Germany, the region’s largest economy. One analyst went so far as to put the currency on a “death watch.”
UK banks are currently owed hundreds of billions of euros by the countries currently at the centre of the European debt crisis. France owes British banks €227 billion, while Ireland, Spain, Italy and Portugal owe...
Fitch downgraded Portugal's credit rating to junk status on Thursday, citing large fiscal imbalances, high debts and the risks to its EU-mandated austerity program from a worsening economic outlook. The ratings agency cut Portugal to BB+ from BBB-
Until recently, the concern about Europe has been mostly theoretical--a potential train-wreck that would occur if/when the world's lenders decided that the continent's problems extended beyond the basket case known as Greece and cut lending to Europe
The debt crisis struck at the heart of Europe on Wednesday, as Germany fared surprisingly poorly at a bond auction and its leader feuded with top European Union officials over their push for jointly guaranteed debt.
A "disastrous" German bond sale on Wednesday sparked fears that Europe's debt crisis was starting to threaten even Berlin, with the leaders of the euro zone's two biggest economies still at odds over a longer-term structural solution.
A "disastrous" German bond sale on Wednesday sparked fears that Europe's debt crisis was even beginning to threaten Berlin, with the leaders of the euro zone's two strongest economies still firmly at odds over a longer-term structural solution.
Wow (the Bloomberg girl is too bubbly) but Grant scares me with what he has to say.
The markets are ready to take a dump and in desperation the IMF had to create an headline that would slow the death spiral, soooo here you go. Just announced on CNBC (so you know it's a propaganda ploy)
“We seem to have entered the last days of the euro as we currently know it. That doesn’t make a break-up very likely, but it does mean some extraordinary things will almost certainly need to happen – probably by mid-January
Spain's short-term borrowing costs hit a 14-year high on Tuesday as political uncertainty over a solution to the euro zone's sovereign debt crisis hit another vulnerable southern European economy.
Larry Lang, chair professor of Finance at the Chinese University of Hong Kong, said that the Chinese regime is in a serious economic crisis—on the brink of bankruptcy. In his memorable formulation: every province in China is Greece.
J.P. Morgan will soon announce it has bought a 4.7 percent stake in the London Metal Exchange (LME) from defunct U.S. brokerage MF Global, two people familiar with the situation said on Tuesday, making it the exchange's largest
Euro-zone bond markets suffered another sell-off Tuesday, with investors especially dumping short-term debt after Spain was forced to pay a heavy price to auction its latest brace of Treasury bills.
Billionaire investor George Soros believes the euro bond market is facing a similar situation to the banking system in 2008 and wants the European Central Bank to step in to stop a self-fulfilling crisis of confidence. (Well Hell... if Soros says)
Let us all extend our sympathies to the Spanish people. They face the greatest national emergency since the Civil War yet their vote for drastic change is palpably useless, even if democracy has in this case at least been respected.