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Tag Archives: EU
Cyprus’s banks reopened their doors on Thursday, to limited queues, amid strict controls to stop people withdrawing all their savings and triggering a catastrophic bank run. The Cyprus stock exchange, however, said it would remain closed for the day, less … Continue reading
It seems the realization that i) Cyprus mattered, ii) If Europe slumps then US will be infected (no matter how clean the asset-gatherers believe the shirt to be) is impacting markets globally once again. A slew of horrible data overnight … Continue reading
Cyprus is fixed. Again. Like Greece, Italy, Portugal, Ireland, Spain and New Zealand. I wondered over the weekend how the Cypriot government would pass any deal brokered to solve their bankruptcy. Now we know: German Finance Minister Wolfgang Schaeuble said … Continue reading
If Italy defaults on its “obligations” to the banks controlling the world’s economic collapse, what happens? France’s banks will collapse immediately. The EU will disband or reorganize into a smaller northern union. Without Great Britain and a bankrupt France, Germany … Continue reading
Why is the European Union still intact? They are bankrupt, divided between the North and South, and have no plan to address any of their problems. But keep in mind, we are discussing the EU – not the United States. … Continue reading
On the heels of last weeks Iranian nuclear talks in Kazakhstan both the US and the EU voiced their concerns about the Islamic Republic’s nuclear program at the board meeting of the UN International Atomic Energy Agency on Wednesday. The … Continue reading
Asked what kind of change is needed, Soros said, “Germany needs to realise that the policy it impose on the euroarea – the austerity programme – is counter-productive. It cannot actually succeed. At the moment they [the South] is being pushed … Continue reading
(Reuters) – Russian President Vladimir Putin and European Union leaders are likely to clash over issues ranging from Syria to trade, energy and human rights on Friday when Putin holds his first talks in Brussels since his re-election as president in May. Relations … Continue reading
France Rejects Compromise; Still Time to Snatch Defeat From Jaws of Victory I have a bit of good news today. The efforts of European Council president Herman Van Rompuy to mollify the UK and other budget hawks have created such a stir that France rejects … Continue reading
Not entirely surprising following the outlook changes for Germany, France, UK, and Holland but still an intriguing move right before Draghi’s big unveiling: Moodys maintains AAA rating but shifts to outlook negative. Moody’s believes that it is reasonable to assume that … Continue reading
Via Mark J. Grant, author of Out of the Box, (Latin) “Seize the day, put no trust in tomorrow.” Tomorrow, September 4, 2012 will be a defining moment. Mr. Draghi will release to the European Central Banks his plan to … Continue reading
Mr Blair also told a German newspaper that the UK’s exit from the EU could be sparked by too much power being transferred to Brussels. David Cameron said in July that it was a “perfectly honourable position” to call for a referendum … Continue reading