The domino”s are falling !
This is the most stupid decision ever from Europe !
BREAKING ALERT! CHAOS IN CYPRUS: “Thousands” Are Withdrawing Their Money; ALERT IN THE SOUTHERN EUROPEAN COUNTRIES – Cyprus-Rescue Shows, Not Bank Accounts Are Safe!
This Crazy Cyprus Deal Could Screw Up A Lot More Than Cyprus…Read more: http://www.businessinsider.com/cyprus-bailout-risks-europe-bank-runs-2013-3#ixzz2NlUJEAGG
Europe Announces Stunning Bailout For Cyprus — Bank Depositors To Get Instant 10% Tax Before Banks Reopen This Week
Eurozone leaders and the IMF on Saturday announced an unprecedented [...]
Agreement between the United Kingdom government and the Scottish government on a referendum on independence for Scotland.
The United Kingdom government and the Scottish government have agreed to work together to ensure that a referendum on Scottish independence can take place.
The governments have agreed that the referendum should:
• Have a clear legal base.
• Be legislated for by the Scottish parliament.
• Be conducted so as to command the confidence of parliaments, government [...]
SocGen’s global macro strategist Kit Juckes tweets…
The comments follow speculation that the ECB is considering intervention to cap the spreads between peripheral and German bond yields by buying unlimited amounts of government debt. It’s a plan that Germany’s finance ministry denies any knowledge of but says would be “very problematic.”
Germany’s Bundesbank Monday stepped up its opposition to the European Central Bank’s plan to buy more government bonds, [...]
World leaders’ personal chefs, a group known as one the globe’s most exclusive culinary clubs, gathered in Berlin Thursday to swap tips on how to keep their powerful bosses healthy and happy.
The annual huddle, now in its 35th year, will culminate in a luncheon at Chancellor Angela Merkel’s office Friday hosted by the master of her kitchen, Ulrich Kerz, featuring some of the German leader’s personal favourites.
“We will offer a [...]
Germany’s top court has ruled that Angela Merkel’s government did not properly consult parliament on setting up the eurozone’s permanent bailout scheme. However the ruling is not expected to delay the scheme’s ratification by Germany.
The Constitutional Court stated MPs had not been informed early enough when the permanent EU bailout fund was set up.
Chancellor Angela Merkel went ahead with her plan for tighter eurozone budget rules without informing MPs sufficiently, [...]
Canada’s privacy commissioners will be surprised to hear it, but the Conservatives are accusing anyone who opposes their bill to give police new powers to monitor the Internet of supporting child pornography.
A similar comment might have cost Stephen Harper the 2004 election. But with the next election years away, it’s hard to know whether or when Public Safety Minister Vic Toews will change his tune.
Mr. Toews will introduce Lawful Access [...]
Published: Sunday, 13 Nov 2011 | 1:09 PM ET
The window of opportunity to save the euro is rapidly closing, as the sovereign debt crisis erodes the solvency of Europe’s banks and drives up borrowing rates for even once rock-solid countries like France.
On Saturday, the crisis swept away another leader, when Prime Minister Silvio Berlusconi resigned after 17 years of dominance in Italian politics to the jeers and [...]
Bloomberg has just disclosed a statement from the German Budgetary Committee which is critical to the future shape of the EFSF:
GERMAN CDU/CSU PARLIAMENTARY SPOKESMAN SCHARLACK SPEAKS ON EFSF
GERMAN BUDGET COMMITTEE SETS CONDITIONS FOR EFSF LEVERAGING
GERMAN BUDGET COMMITTE GUIDELINES VOTE EXCLUDES LEVERAGING
BUDGET COMMITTEE SAYS EFSF REPOS MUSTN’T RAISE GUARANTEES
GERMAN BUDGET COMMITTEE SAYS EFSF LEVERAGING MUST EXCLUDE ECB
GERMAN BUDGET COMMITTEE BACKS EFSF DRAFT GUIDELINES
So far so good… But this…
BUDGET COMMITTEE SAYS [...]
Saturday, September 10, 2011
Tons of people are chattering about the possibility of a Greek default today, with Germany ready to bail out its banks if that happens.
There are two reasons that people are speculating on a Greek default this weekend.
First, private sector participation in the bailout—in which bondholders would have to accept about a 21 percent haircut voluntarily—is not going to be very popular.
Greece bank [...]
here is a link from the biggest daily German newspaper Frankfurter Allgemeine Zeitung.
I know that most of you don’t speak German but I will translate the main points.
It says as follows that German government doesn’t have the absolute right to write blank cheques to European Union, the power always has come from the people and it will continue to come from the people even though the government [...]