Below you'll find a list of all posts that have been tagged as “European sovereign-debt crisis”
Predictions are that we will soon be seeing the “nuclear option” — central bank-created money injected directly into the real economy. All other options having failed, governments will be reduced to issuing money outright to cover budget deficits. So warns a September 18 article on ZeroHedge titled “It Begins: Australia’s Largest Investment Bank Just Said ‘Helicopter Money’ Is 12-18 Months …
“My father made him an offer he couldn’t refuse. Luca Brasi held a gun to his head and my father assured him that either his brains, or his signature, would be on the contract.” — The Godfather (1972) In the modern global banking system, all banks need a credit line with the central bank in order to be part of …
Meeting late into Sunday night, euro zone heads of government issued new ultimatums to Greece that would effectively strip the country of its sovereignty and turn it into an economic colony of the German banks. The German government has been the most aggressive in insisting that either the Greek parliament pass a series of laws by Wednesday night imposing a …
Greece invented democracy. Greek mythology forged the way the West looks at itself. Greece even invented the denomination of this Eurasian annex – “Europa”. “For it is only criminals who presume to damage other people nowadays without the aid of philosophy.” Robert Musil, The Man Without Qualities. Odysseus/Ulysses took ten years to go back home after the Trojan War. His descendants are now making history …
Friends, who happen to be respected left-field musicians, were invited to Austria to perform a couple of gigs and film some music videos paid for by an Austrian arts grant. The lovely hosts were welcoming as was the creative coterie circling them in Vienna – the city of perfect public facades veiling the multifaceted private lives within (I don’t use this phrase lightly having encountered Austrian ways …
t the moment, we see only the dark face of Europe,” said Leonidas Fotinos. “They want to buy Greece cheap.” A large, young-looking man in his early 50s, Leonidas studied economics at university and was now running a small tour business on the historic Aegean island of Milos. He could hardly have been more removed from the street protests and …
The annual spring meetings of the International Monetary Fund and World Bank held in Washington over the weekend comprised the treasurers and central bankers, together with financial experts and analysts, from all the major capitalist economies. However not a single proposal was advanced from this high-level meeting to alleviate, let alone resolve, the mounting problems besetting global capitalism. The reason …
We seem to have finally arrived at some sort of moment of truth regarding Greece and their inclusion in the EU. The speculation is they will be out of money by April 9th, this Thursday, unable to make a less than 500 million euro payment. Please keep in mind they have already been raiding the country’s pension plans to fund day to day …
