Greek Prime Minister Says IMF Has "Criminal Responsibility" For Country's Debt Crisis
• http://www.trueactivist.comAs with many countries, the IMF has forced the Greek government into a number of expensive loans that are impossible to pay back.
ON AIR NOW
Click to Play
As with many countries, the IMF has forced the Greek government into a number of expensive loans that are impossible to pay back.
Sweden's Largest Fund Manager Is Quietly Dumping Stocks Before The "Herd" Is Caught In A Selling Vortex
For the 2nd time in a month, China's Shanghai Composite entered a correction, plunging 10% from local highs as headlines of delayed IPOs and large-scale steel 'dumping' at a loss combined with global monetary policy fireworks and European event risks
The Mysterious "Massive" Seller Who Flash Crashed Gold In 2014 Has Finally Been Revealed
In summary, the BSA requires US citizens and permanent residents to file an FBAR if they had financial interests in, or authority over, foreign accounts with an aggregate value of $10,000 or more at any time during the preceding year.
Government Denies Capital Controls; Citizens Pull €2bn in Three Days
Just to throw a little grease on that Saganaki…….
Australians are being "irrationally exuberant" and borrowing too much to invest in housing, exposing the economy to financial shocks, global bond fund giant PIMCO says.
If you have a strong constitution, watch the House Republicans push classified legislation to limit their own authority and give up American sovereignty. Cheer, as the Democrats champion truth and common sense.
"Everybody's doing it," said Joanna Christofosaki, in front of a Eurobank cash dispenser in the leafy Athens neighbourhood of Kolonaki.
Central bank issues chilling warning that Greece could be thrown out of the European Union unless it reaches a deal fast
Goldman Sachs taught the modern Hellenes how to cook the books and screw Brussels, something we are now paying the price for--we Greeks have contributed a few things in addition to cheating and not paying our taxes.
Meanwhile, the collapse in crude prices led to the first net outflow of petrodollars from financial markets in 18 years, and if Goldman's projections prove correct, the net supply of petrodollars could fall by nearly $900 billion
Greece has effectively just declared that it will no longer have to default on its IMF (or any other debt - note that the dreaded "Troika" word finally makes an appearance after it was officially banned)
live updates
Syriza, the new Greek government that intended to rescue Greece from austerity, has come a cropper. The government relied on the good will of its EU "partners," only to find that its "partners" had no good will.
Yannis Stournaras tells Greek parliament failure to reach agreement on debt will probably lead to country's exit from the euro and EU
A time-based analysis of eurozone taxpayer liabilities shows the Greek game-masters played German creditors like a violin. France and Germany stand to forfeit €160 billion if Greece defaults
Bitcoin developer Gavin Andresen proposed the change in May: a code update that would increase the size of the "blocks" of transaction data uploaded to the Bitcoin blockchain by miners
In a new report, Santander InnoVentures, the megabank's venture capital fund, argues that banks and fintech startups need to collaborate in order to "reboot" the global financial services industry and trigger the 'Fintech 2.0' revolution.
This morning doesn't have the feel of full blown risk aversion, but there is a queasiness out there that is causing markets to feel every spin and lurch uncomfortably. The metaphor would, of course, be more apt if this unease was causing the screen
Last week, Greek PM Alexis Tsipras submitted two three-page proposals that were ostensibly designed to close the gap with creditors. EU officials were incredulous, calling the drafts "not serious."
, Warns "Confrontation Will Be A Disaster For Europe"
On Sunday, Greece walked out of talks with the Troika after 45 minutes. Does the rest of Europe want a deal more than Greece?
The writing was already on the wall after several EU officials expressed reservations about the feasibility of striking any sort of compromise with Greece's negotiating team in Brussels on Sunday, and now it's official.
"Last Try" in Greece
One Week After "Massive" Outflow, Greek Depositors Yank Another €600 Million From Local Banks
Last month we learned that some of the country's largest fund managers (including Vanguard) have been busy lining up billions in emergency liquidity lines with banks to protect them in the event rising rates,.....
"Yanis, have this nourishment for the nerves. You're going to need it," German FinMin Wolfgang Schaeuble told his Greek counterpart last week, presenting Varoufakis with a box of chocolate euros at a meeting in Berlin.
The global economic system, including and especially the U.S. economy, is starting to collapse.