President Hamid Karzai’s expected cabinet reshuffle signals a growing confrontation with Pakistan after the appointment of a hardline confidante as head of Afghan intelligence. Through a variety of Taliban proxies, Pakistan and Afghanistan have been involved in intense skirmishing on their border.
The startling change is the appointment of Asadullah Khalid as head of the powerful National Directorate of Security. As a fiercely anti-Taliban former governor, Mr Khalid faced several [...]
Found at Zerohedge
Growing Air of Concern in Greece Over New Bailout
“Ms. Katseli, an economist who was labor minister in the government of George Papandreou until she left in a cabinet reshuffle last June, was also upset that Greece’s lenders will have the right to seize the gold reserves in the Bank of Greece under the terms of the new deal, and that future bonds issued will be governed by English [...]
While Iceland is now known as the country that is the closest earthly approximation to banker hell, it is safe to say that Greece is the terrestrial equivalent of banker heaven. Because as explained earlier today, the country’s population is about to get a worse deal than your average run of the mill slave – they may get whipped, but at least never have to pay for the privilege, unlike the [...]
ATHENS, Greece — The instability rocking Greece this week is the latest manifestation of a troubling new phase in the global financial crisis: political turmoil is sweeping through Europe, toppling governments and threatening to undermine efforts to rescue the financial system and, ultimately, the euro zone itself.
It seems likely that Prime Minister George Papandreou of Greece will manage to hold his government together long [...]
2011 will be the year of the Chinese crunch, scary but temporary.
2011 will be the year of the gold crash,
2011 will be the year of a German banking scare.
2011 will be the year of Irish recovery.
2011 will be the year of Sterling appreciation.
2011 will be the year of stock market boom then crash.
2011 will be the year of oil price boom then crash.
2011 will be the year of American [...]
To wit: “if investors are running for the door out of fear of being the last one left behind, then thereâ€™ll be a liquidity crisis (as there would be for anyone with a financing need), and theyâ€™ll need help.” Way to stay ahead of the curve Erik.
From Goldman’s Erik Nielsen
Iâ€™m back in my beloved Chiswick after having been on the road most of this past [...]