Tag Archives: EU

European Confidence Tumbles To November 2009 Levels, Euro-Wide Double Dip Inevitable

Posted on April 26, 2012 by DRenegade

An analysis of the European Union’s slide into recession: Following this week’s ongoing battery of abysmal economic news out of Europe it will hardly come as a surprise that yet another indicator has been released and is pointing to a … Continue reading →

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Greek police union wants to arrest EU/IMF officials

Posted on February 10, 2012 by DRenegade

Update: The Greek Government heads for a reshuffle as five cabinet members resign over tough austerity measures required to secure a €130bn bailout package, while PM Lucas Papademos warns that default would be “uncontrolled chaos”. The Socialist response for fiscal … Continue reading →

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Twenty Issues for the European Union – And Ben Bernanke

Posted on February 3, 2012 by DRenegade

Here are twenty articles that deal with the collapse of the European Union. I wish Ben Bernanke would have addressed these issues better in his Congressional testimony on February 2, 2012. I have a question for Ben: what happens to … Continue reading →

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Tim Geithner Has Given America’s Treasure Away: the Secret European Bailout

Posted on January 26, 2012 by DRenegade

Chart from Zerohedge This chart shows how Tim Geithner is supporting the bailout of the European Union without any Congressional oversight. How much money has already been transferred? $614.4 billion in the past eight weeks. Remember the first stimulus giveaway … Continue reading →

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Iranian Checkmate? Oil Embargo on the European Union to Be Announced

Posted on January 25, 2012 by DRenegade

It appears that the news concerning the demise of Iran Daily was premature: only one day’s suspension for supporting Ahmadinejad over the opposition party. The stories below detail the Iranian response to the implementation of the European Union’s oil embargo. … Continue reading →

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Iran will make the world unsafe for Americans in the shortest possible time

Posted on January 23, 2012 by DRenegade

Mohammad Kossari, deputy head of the Iranian parliament’s foreign affairs and national security committee has warned the US not to interfere when Iran closes the Strait of Hormuz. While Russia, China and Iran are playing a game of chess, the … Continue reading →

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Japan Will Help Bailout the European Union – Is Anyone Asking How?

Posted on January 19, 2012 by DRenegade

Japan is preparing to “lend” money to the International Monetary Fund (IMF) to help bailout the European Union. With want? The full faith and credit of Japan? Japan’s debt to GDP ratio is over 200%. Their economy was in shambles … Continue reading →

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Is the Flight to the Dollar about to End?

Posted on January 14, 2012 by DRenegade

An article on Zerohedge.com speculates on how the consequences of the dissolution of the European Union on the value of the Euro. An interesting scenario at the bottom of the article offers a prediction if a partial North-South split occurs. … Continue reading →

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S&P may have just killed the European sovereign market

Posted on January 13, 2012 by DRenegade

Stick a fork in it, the eurozone as we know it is done S&P may have just killed the European sovereign market by saying out loud what only “fringe bloggers” dared suggest in the past Here are the key take … Continue reading →

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First They Fled the Markets, Then They Fled the Banks

Posted on December 7, 2011 by DRenegade

In response to the cheerleaders who still are elated at the rise of the stock market based on the continuing non-effective bailout strategy for the European Union, here is a dose of reality. Get ready for a worst case scenario … Continue reading →

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Fannie Mae in Hungary

Posted on November 21, 2011 by DRenegade

35 Seconds Of TV Air Time Explaining Why Austria’s AAA Rating Is Doomed While we will get into the nuances of why the Austrian AAA rating is the next to go (just after Hungary is downgraded in a matter of … Continue reading →

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The EU Bailout Jig Is Up

Posted on October 20, 2011 by DRenegade

The Sunday evening deadline imposed on the European Union by the G20 to resolve their never-ending financial crisis has been postponed until Wednesday. Although the excuses for failing to resolve the crisis are the same, the reality is that the … Continue reading →

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Is the Fourth Reich About to Fall?

Posted on August 25, 2011 by DRenegade

Germany now controls the European Union. For the past two months, Germany and France have been holding meetings to determine the details for the fiscal stability of the EU. Once France’s banking exposure became public knowledge, their credit rating was … Continue reading →

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