Saut: “The Fed got out both barrels with QE1, QE2, QE3, and is now buying $85 billion each month in Treasuries and mortgage-backed securities. The Japanese, with the new administration and the new head of the Bank of Japan, got out the bazooka, and are doing the same type of QE, except they are buying $75 billion each month, yet their economy is 1/3 the size of ours (the US).
You are [...]
“Where are those folks going to come up with money to spend?”
This is the crucial point that stimulus proponents ignore or fail to see. Many Southern European countries are broke and they do not have the means to start a stimulus programme. For them, it is only possible if other countries pick the bill for that stimulus programme up and there’s just zero political support for that. At most, these [...]
‘Euro is a house of cards waiting to topple’- Nigel Farage
According to Nigel Farage, leader of the UK Independence Party, northern EU leaders realize they risk vast losses if they allow Cyprus, Greece or any other southern member to fail. To prevent this, they have resorted to extreme measures – even theft.
RT: Every bailout comes with strings attached. But can Cyprus afford the price the EU has set?
Nigel Farage: What is really [...]
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 [...]
Cyprus state broadcaster CyBC reported that German Finance Minister Wolfgang Schaeuble had proposed Cypriots lose 40 percent of their bank accounts although they were not responsible for the economic debacle that was caused when a previous Greek government, in a frantic bid to reduce its debt, imposed 74 percent losses on investors and bondholder. Sarris said the IMF agreed with Germany.
16 MARCH 2013
People with Cyprus bank accounts will lose up to [...]
Mark Carney, chairman of the Financial Stability Board that seeks to bring reform and stability to world financial markets, said Wednesday night that the European Union is not solidly built and its full recovery is years away.
Carney told a BBC TV interviewer that “it’s a huge concern” that there is a large decline in flows of credit from northern Europe (Germany) to indebted southern European countries, adding:
“It’s a form of [...]
Published: February 17, 2012
Struggling euro-zone economies like Greece, Portugal, Spain and Italy cannot cut their way back to growth. Demanding rigid austerity from them as the price of European support has lengthened and deepened their recessions. It has made their debts harder, not easier, to pay off.
(February 14, 2012)
This is not an issue of philosophical debate. The numbers are in.
As The Times’s Landon Thomas Jr. reported this week, Portugal [...]