Is Germany Preparing For A Spanish Default?
• http://www.businessinsider.com, Wolf RichterHope persists that Germany would not only bail out Spain and the rest of the Eurozone but would also tolerate the Fed-ization of the European Central Bank.
Contents Pages by Subject
European Union
7 Reasons September Is Going To Be A Huge Month For Europe
• http://www.businessinsider.com, Mamta BadkarEver since European central bank president Mario Draghi said the ECB will "do whatever it takes to preserve the euro", market expectations have been raised for its meeting tomorrow.
Greece seeks to tax accounts in Switzerland: ministry
• http://www.france24.com,Greece on Monday said it was reviving efforts to conclude an accord with Switzerland in order to tax Greek bank account holders there, as central bank data showed a large outflow of deposits abroad.
Hungarian PM blames EU for economic crisis
• The Raw Story.comHungarian Prime Minister Victor Orban lashed out at the European Union for failing to solve the bloc’s economic crisis on Saturday, a day after calling for a new economic system.
German tax authorities raiding homes of ‘suspected’ evaders
• http://www.sovereignman.com,Simon BlackLate last night I arrived to Brussels. As the capital of the European Union, Brussels is Europe’s political mother ship, the home base of the continent’s good idea factory.
The Moment When Everyone Realizes The Money Isn't There In Europe
• http://www.businessinsider.com, James KunstlerEurope is giving new meaning to the term "bootstrapping," the age-old (virtuous) idea of picking oneself up off the floor after some blow or reversal of fortune has laid you low.
The Sovereign Default Dominos Are Falling In Europe
• http://www.businessinsider.com, David KotokEurope appears to be dismembering. We see Spanish yields breaking well above 7%. The Spanish government bond market is essentially closed to private investors.
The Euro Area Downturn Is Getting Worse
• http://www.businessinsider.com, Sam RoNew economic data out of the Eurozone suggests things are just getting worse.
Austerity contrariety: Madrid boils over
• http://www.rt.comHundreds of protesters have converged on Madrid to raise their voices against record unemployment and deeper social spending cuts as Brussels continues to push more austerity on Spain in return for bailing out its banking sector.
Spain's Latest Bond Auction Was Ugly
• http://www.businessinsider.com, Sam RoSpain's government just sold a bunch of short-term debt this morning.
Stalemate in Siena
• http://www.truthdig.com, By William PfaffThe European Union is at risk of being destroyed by the euro.
Iceland Has Hired An Ex-Cop To Hunt Down The Bankers That Wrecked Its Economy
• www.businessinsider.comIf you were involved in Icelandic high finance in the run-up to the recession, you might want to start watching your back.
Baltic Dry Index Implodes, Signals Global Economic Collapse
• www.dailypaul.comThe mainstream media attempted to write off the implosion of the index as a fluke tied to the “overproductions of cargo ships” instead of a warning sign of deteriorating demand. The past six months have proven that assertion to be entirely false.
Euro Back From the Brink Again? What a Surprise ...
• http://www.thedailybell.com, by Staff ReportYes, the power elite that wants to run the world seems to set up crisis after crisis, economic or military, in order to reinforce the idea that only a handful of politicos are important and that everyone else is a kind of spectator.
Britain’s continental drift away from the European Union
• Washington PostThe E.U., he said, has meddled for years in Britain’s legal affairs and labor laws. But this time the 27-nation body had gone too far by interfering with his pride and joy: the retrofitted KTM 950 motorcycle he rides on the country lanes
The Weaponization of Economic Theory
• www.globalresearch.ca, by Prof. Michael HudsonWhat can Europe learn from the United States?
Paul Krugman crushed by Spanish Austrian Economist Pedro Schwartz
• http://www.dailypaul.com, RonPaulSwedePlease watch this, and watch the end as they yell at each other 0_0!
The Ultimate Krugman Take-Down
• http://www.zerohedge.com, by Tyler DurdenForget Ali - Frazier; ignore Santelli - Liesman; dismiss Yankees - Red Sox; never mind Silva - Sonnen; the new undisputed standard by which all showdowns will be judged happened in Spain over the weekend.
Roubini: My ‘Perfect Storm’ Scenario Is Unfolding Now
• http://www.prisonplanet.com, Ansuya Harjani“Dr. Doom” Nouriel Roubini says the “perfect storm” scenario he forecast for the global economy earlier this year is unfolding right now as growth slows in the U.S., Europe as well as China.
French president: zero growth so far this year
• http://hosted.ap.org, By MASHA MACPHERSONFrance enjoyed a boost in investor confidence with a successful bond auction Monday - but also got a warning from the president that growth so far this year is "nil" and that the country needs to rethink its social model.
Futures down after Asian data points to slowing growth
• http://www.reuters.com, Chuck MikolajczakStock index futures slipped on Monday, putting the S&P on pace for its third consecutive decline, after economic data in Asia pointed to a slowing of global economic growth.
Analysis: European banking superpower is no quick fix
• http://www.reuters.com, By Marc JonesThe euro zone's plan to let the European Central Bank supervise its biggest banks requires governments to give it unambiguous powers, sets a highly ambitious timetable and poses potentially dangerous conflicts of interest.
Is Germany preparing to bail out of the Euro?
• http://chrisinmaryville.net/The European Union held a summit meeting last week, prompting a significant rally in both European and American markets at the perception of progress in controlling the Euro meltdown. However, it’s difficult for a sober analyst to find anything of l
German Supreme Court To Make A Decision That Will Make The Obamacare Drama Look Like Child's Pla
• http://www.businessinsider.com, Simone FoxmanA hearing at Germany's version of the Supreme Court, to be held on July 10, could destroy all the optimism from the last EU summit.
Byron Wien: I Spoke To The Smartest Man In Europe, And What He Had To Say Was Terrifying
• http://www.businessinsider.com, Joe WeisenthalBlackstone's Byron Wien is up with a new column, wherein he relays a conversation he had with someone he only refers to as The Smartest Man In Europe.
Financial Coup d’Etat in Europe: Government by the Banks, for the Banks
• http://www.globalresearch.ca, by Ellen BrownOn Friday, June 29th, German Chancellor Angela Merkel acquiesced to changes to a permanent Eurozone bailout fund—“before the ink was dry,” as critics complained.
Gigantic Global Money Supply Expansion Underway
• http://www.thedailybell.com, by Frank Suess"The world´s financial markets seem obsessed with daily monetary and fiscal policy evolutions in euroland which form the basis for risk on/risk off days in the marketplace and the overall successful deployment of carry strategies so important to asse
The Most Important Meeting in the World ... Again
• http://www.thedailybell.com, by Staff ReportThe Fate of the Global Financial System Hangs in the Balance ... Critical meetings are taking place today and tomorrow which may decide the fate of the EU.
EU News ...
• http://www.thedailybell.com,by Mike "MishLaughable Text of EU "Memorandum of Understanding"; ESM Not Been Ratified Yet Already Requires Changes; How Much ESM Firepower Is There?
Germany caves in over bond buying, bank aid after Italy and Spain threaten to block 'everything*
• www.telegraph.co.ukGermany has today caved into demands made by Italy and Spain for immediate eurozone aid to bring down their soaring borrowing costs, sending the euro and markets higher.
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