When your country goes broke - Video by Max Keiser
• YouTube.comHow the Greek people were enslaved for life
Contents Pages by Subject
European Union
Italy collapse would be the 'end of the euro'
• RTE NewsItaly 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."
Euro on ‘Death Watch’ After Investors Spurn German Bonds
• www.cnbc.comInvestors 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.”
Sarkozy, Merkel agree to stop sniping on ECB crisis
• www.reuters.com(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.
What the European debt crisis means for you
• www.totallymoney.comUK 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...
Germany’s auction flop another European debt headache; France warned on rating again
• washingtonpost.comThe 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.
"Disastrous" bond sale shakes confidence in Germany
• reuters.comA "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.
Credit Suisse Goes For Broke: Predicts End Of Euro, Bank Runs
• prisonplanet.com“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
Spanish yields spike as crisis exits blocked
• reuters.comSpain'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.
Big Selloff Hits Europe Bond Markets
• wallstreetjournal.comEuro-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.
Soros Calls for ECB to Stop the Bond Run
• www.cnbc.comBillionaire 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)
Germany tax levy on Belgian Nazi slave labourers provokes fury
• www.telegraph.co.ukA decision by Germany to levy a tax on pensions received by Belgians who were slave labourers for the Nazi regime during the Second World War has provoked fury among survivors.
Spain - the fifth victim to fall in Europe’s arc of depression
• www.telegraph.co.ukLet 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.
Kyle Bass pawns BBC's HARDtalk (Publisher Recommended)
• www.wallstreetoasis.comKyle 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.
Spain elects conservative in response to debt crisis
• www.usatoday.comMADRID – Spanish voters kicked out the Socialist government Sunday in elections seen as a referendum on the handling of the European debt crisis, which has left Spain buckling under soaring unemployment, burgeoning debt and cuts in public benefits.
2021: The New Europe
• online.wsj.comNiall Ferguson peers into Europe's future and sees Greek gardeners, German sunbathers—and a new fiscal union. Welcome to the other United States.
EU bans claim that water can prevent dehydration
• www.telegraph.co.ukBrussels bureaucrats were ridiculed yesterday after banning drink manufacturers from claiming that water can prevent dehydration.
GERMANS TRY TO KILL OFF POUND
• express.co.ukBRITAIN will soon be forced to scrap the pound and join the euro, one of Germany’s most senior figures said yesterday.
Germany Is Preparing To Kick Countries Out Of Eurozone
• Zero HedgeIt's official - Germany has become just like China (or, rather, has always been like it): the more it is pushed to do something (let ECB print), the more it will do the opposite.
Watch Nigel Farage Dance On The Euro's Grave
• Zero HedgeNigel Farage needs no introduction: the famous Euroskeptic is one of very few men who has had the temerity to question, often in an abnormally high decibel fashion, the stupidity of the Eurozone leaders from day one.
European bank chief urges action on rescue fund
• ReutersEuropean Central Bank chief Mario Draghi told euro zone governments on Friday to act fast to get their rescue fund up and running, expressing exasperation at their lack of progress in response to an escalating debt crisis.
As Nations Bet on Technocrats, Odds Look Stiff
• Wall Street JournalThe emergency government of Italian Prime Minister Mario Monti, which was unveiled Wednesday, isn't the first administration of technocrats Italy has tapped to pull it out of trouble.
Even as Governments Act, Time Runs Short for Euro
• CNBCThe window of opportunity to save the euro is rapidly closing, as the sovereign debt crisis erodes the solvency of Europe’s banks and drives up borrowing rates for even once rock-solid countries like France.
The Definitive Presentation On The Future (or lack thereof) Of The Eurozone
• Zero Hedgethe fact remains that no matter what, no matter the scale of lies out of Europe, the problem still remains: the math just does not make any sense.
Are Banksters Trying To Steal GOVERNMENTS?
• maket-ticker.orgItaly’s Senate approved debt- reduction measures in an attempt to shore up investor confidence and pave the way for a new government that may be led by former European Union Competition Commissioner Mario Monti.
DEATH OF THE EURO
• www.express.co.ukPREPARATIONS were under way last night for the break-up of the euro as Europe’s debt crisis spiralled out of control.
Heavy-handed pressure on Italy, Greece may yield little, analysts say
• Washington PostAs Europe’s financial crisis threatens to engulf Italy, a country that may be too big to save, top euro-zone officials have taken aggressive steps in recent days to whip errant members into shape.
Papademos Named Greek Leader
• Wall Street JournalGreece has named former European Central Bank Vice President Lucas Papademos as its next prime minister, ending more than three days of wrangling between the country's two main political parties over who will lead an interim government.
Markets Remain on Edge Over Future of the Euro Zone
• CNBCItaly moved closer to a national unity government on Thursday, following Greece's lead in seeking a respected veteran European technocrat to pilot painful economic reforms in an effort to avert a euro zone bond market meltdown.
Wall St sinks as European debt plight worsens
• www.reuters.com(Reuters) - Stocks tumbled 3 percent on Wednesday in the market's worst day since mid-August as a spike in Italian bond yields signaled the European debt crisis had worsened.
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