BLOOMBERG TV EXCLUSIVE: Mario Monti, Prime Minister of Italy, spoke with Bloomberg Television’s Erik Schatzker in New York today about considering another term after elections. He discussed why the EU’s new bailout fund hasn’t been used yet, saying “because it is being finalized. And in particular I think there is still some refinement ongoing on the precise nature and modalities of the conditionality that would have to be associated to [...]
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Germany must accept shared leadership of the European Union if the region is to prosper, ex-European Commission President Romano Prodi, told CNBC on Friday. The European Central Bank’s announcement on Thursday that it will commence unlimited purchases of short-term sovereign bonds from struggling euro zone countries was greeted with hostility from both the Bundesbank (Germany’s central bank) and the German press. (Read More: German Media Hit Back at ECB on Bond Buying) However Romano Prodi, ex-leader of the European [...] KWN Today John Embry told King World News, when referring to what is needed to bail out Europe, “All I know is that these numbers are staggering … We are on the edge of collapse. We’ve run out of time.” Embry, who is Chief Investment Strategist of the $10 billion strong Sprott Asset Management, also told KWN that if the euro does split apart, it “will be extraordinarily chaotic.” Here is what Embry had to [...] Financial terrorists have exploited chaos they created to seize complete control Paul Joseph Watson Speculation that Canadian Central Bank head Mark Carney has been tapped to become the next Governor of the Bank of England brings with it the possibility of virtually complete domination of Europe by Goldman Sachs – the very same financial terrorists who helped cause the economic collapse in the first place. “Mark Carney, the [...] During the 2008 credit crisis, U.S. regulators worked weekends to make certain that negative news about the nation’s banking system could be offset by policy decisions before Asian markets opened Monday. Financiers tried similar tactics after a market collapse on Friday, October 16, 1987. It did not work in that case. The following Monday became known as Black Monday. The DJIA dropped 22.61% that day. Now it [...] From Bloomberg: STRAUSS-KAHN SAYS GREECE CAN’T PAY BACK ITS DEBTS STRAUSS-KAHN SAYS EVERYONE MUST ACCEPT LOSSES ON GREECE And in other news… STRAUSS-KAHN SAYS HE WON’T RUN FOR PRESIDENT OF FRANCE Which probably means he will run for Prime Minister of Italy. After all, most politicians only talk about putting their youth to work. Only Italian PM’s actually do it. ZH |
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