Tag Archives: Eurozone

German ‘Wise Men’ push for wealth seizure to fund EMU bail-outs

Two top advisers to German Chancellor Angela Merkel have called for a tax on private wealth and property in eurozone debtor states to force the rich to fund rescue costs, marking a radical new departure for EMU crisis strategy. Professors … Continue reading

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Italian election rattles world markets

World markets retreated Tuesday as a big vote for anti-austerity parties in Italy’s elections left the eurozone’s third biggest economy in political deadlock, sparking fears of a revival of the region’s debt crisis. European stock markets were sharply lower, led by … Continue reading

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Spain: the beginning of the end

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The Genius of Mutual Indebtedness – Nigel Farage

Transcript: “Another one bites the dust. Country number four, Spain, gets bailed out and we all of course know that it won’t be the last. Though I wondered over the weekend whether perhaps I was missing something, because when the … Continue reading

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Greece Is Leaving the Eurozone – Follow the Bank Run

Greece is leaving the Eurozone. Follow the logic: Greece leaves the Eurozone, defaults on all debt and issues a new Drachma after The newly elected Syriza government tells Germany they will not accept any conditions on their sovereignty after The … Continue reading

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ECB stops operations with some Greek banks

(Reuters) – The European Central Bank has stopped providing liquidity to some Greek banks as they have not been successfully recapitalized, the ECB said on Wednesday, confirming news earlier reported exclusively by Reuters. The news sent the euro lower against … Continue reading

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Stock futures hit after European elections

(Reuters) – Stock index futures fell after Greek voters trounced ruling parties in elections on Sunday, a result that put the country’s future in the euro zone at risk, and as Socialist candidate Francois Hollande won the French presidency. S&P 500 futures … Continue reading

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

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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America Awakes To Sea Of European Red As Hopium Hangover Hits

If last week was Europe’s days of hope, even as the continent was again breaking, predicated by the utterly ridiculous such as a successful Bill auction, a weak Spanish Bond issue, somehow spun by the propaganda crew as good despite pricing at … Continue reading

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When Will Greece Leave the Eurozone?

Will Greece become the first country to abandon the Eurozone and return to the drachma? My money is on Spain or Italy. Greece’s debt is too small to be of concern compared to the giant collapses about to happen in … Continue reading

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More Truth Than You Care to Hear

Warning: strong language in the subtitles. If the American people only knew what is heading our way when the Eurozone collapses.

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There Will Be No Orderly Euro Breakup

http://www.youtube.com/watch?v=UrsL93VnFbo&feature=youtube_gdata”>httpv://www.youtube.com/watch?v=UrsL93VnFbo

  Angela Merkel is warning the members of the Eurozone that the dogs of war are a distinct probability unless the economic crisis is solved. Another option is the breakup of the European Union as shown on the following video … Continue reading

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