Tag Archives: European Collapse

Fears Rising, Spaniards Pull Out Their Cash and Get Out of Spain

It is, Julio Vildosola concedes, a very big bet. After working six years as a senior executive for a multinational payroll-processing company in Barcelona, Spain, Mr. Vildosola is cutting his professional and financial ties with his troubled homeland. He has … Continue reading

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Investors Prepare for Euro Collapse

… Banks, investors and companies are bracing themselves for the possibility that the euro will break up — and are thus increasing the likelihood that precisely this will happen. There is increasing anxiety, particularly because politicians have not managed to solve the problems. Despite all their efforts, the situation in Greece appears hopeless. Spain is in trouble and, to make matters worse, Germany’s Constitutional Court will decide in September whether the European Stability Mechanism (ESM) is even compatible with the German constitution… Continue reading

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European Bankers & Top Politicians Fear Collapse of the Euro: Flight-of-Capital and Silent Bank Runs

How Big Is the Eurozone ‘Flight-of-Capital’? The amounts involved in the flight of capital from the Eurozone are truly substantial. Silent bank runs are now happening within the eurozone. Up until a few months ago, they were relatively slow and … Continue reading

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Tony Blair ‘deeply worried’ Britain will leave EU via referendum

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

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The German Economy Caves, And Eurozone Bailouts Take On New Dimension

Last year, German exports rode to a new record, jobs were being created in massive numbers, real wages rose, housing and real estate boomed, the federal budget was nearly balanced, and consumers felt good and spent money. There were moments … Continue reading

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Why Europe Matters… And How Spain Could Wipe Out Your 401(k)

Many people have been writing in to ask me, “why are you focusing on Europe so much? Who cares about Spain?” The short answer is that everyone should care about Spain. Spain could potentially take down the banking system in Europe, which … Continue reading

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How Do You Know When Europe Is Close to Collapse?

Royal Dutch Shell is pulling its cash out of Europe. That is a clear sign that Europe’s lingering demise is close to collapse. The reasons for removing cash due to a “shift in willingness to take risk” is irrelevant: they … Continue reading

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The Soros Web Is Closing In

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The EU has “very little time to stop bank runs and the resulting disintegration of monetary union.”

EU Seeks Lender Levy, Debt Losses as Step to Banking Union Failing banks’ senior unsecured creditors may be forced to take losses and lenders may be made to pay levies under European Union proposals to deal with crisis-hit banks that … Continue reading

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European Hail Mary or End Run?

The call for direct capitalization of Euro zone banks by forming a banking union is definitely a hail Mary to save Spanish and Greek banks. Although this is only a “call”, Germany will never support it and at some point, … Continue reading

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What’s Really Happening in Europe?

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Twenty Issues for the European Union – And Ben Bernanke

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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