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BBC News 8 Dec 2011 (As of 10:18 PM EST) EU leaders are locked in late night talks at a summit called to tackle the eurozone debt crisis. The key item on the agenda in Brussels is a Franco-German plan on budgetary discipline, with automatic penalties for eurozone nations that overspend. Reports say Berlin and […] December 8th, 2011 | Tags: Angela Merkel, Euro, European Central Bank (ECB), eurozone, International Monetary Fund (IMF), PM David Cameron, President Nicholas Sarkozy, sovereign debt | Category: Economy, European Union, France, Germany, Great Britain | Comments are closed
Euro Crisis Uncertainty Ferry Batzoglou Der Spiegel 6 Dec 2011 Many Greeks are draining their savings accounts because they are out of work, face rising taxes or are afraid the country will be forced to leave the euro zone. By withdrawing money, they are forcing banks to scale back their lending — and are inadvertently […] December 6th, 2011 | Tags: eurozone, Greece | Category: Banking and finance, Economy, European Union, Federal Reserve, Glenn Beck | Comments are closed
Nate Beeler The Washington Examiner 12/3/2011 click on the image to enlarge
Related: Italy welfare minister breaks down in tears as government agrees austerity measures Mario Monti, the Italian prime minister, declared the package of tax hikes, budget cuts and pension reforms a “decree to save Italy”, at a press conference […] December 5th, 2011 | Tags: Debt, eurozone | Category: Banking and finance, Economy, European Union, Italy, Socialism, United States | Comments are closed
“It gives an indication that monetary authorities are prepared to do what is required to stop a freeze up in the funding markets. But, basically all they are doing here is QE (quantitative easing) on steroids. It does not deal with the underlying issues.” The Bank of England and central banks in the […] November 30th, 2011 | Tags: Bank of England, Debt, dollar swaps, eurozone, quantitative easing | Category: Banking and finance, European Union, Federal Reserve, Great Britain, United States | Comments are closed
Tyler Durden ZeroHedge 11/17/2011 Nigel Farage needs no introduction: the famous Euroskeptic is one of very few men who has had the temerity to question, often in an abnormally high decibel fashion, the stupidity of the Eurozone leaders from day one. Now that he has been proven correct, he has every right to gloat, which […] November 17th, 2011 | Tags: Enda Kenny, eurozone, Greece, Ireland, Italy, MEP Nigel Farage, national sovereignty, technocracy, technocrats | Category: Economy, Elections, European Union, Fascism, Germany, Socialism, Video | Comments are closed
Zeke Miller Business Insider 11/4/2011 Rep. Cathy McMorris Rodgers, the Vice Chair of the House Republican Conference, called on President Barack Obama to prevent U.S. funding from being used in the Eurozone bailout. “A crisis caused by spending and borrowing will not be solved by more spending and borrowing. And that is why America should […] November 4th, 2011 | Tags: eurozone, global bailout, Greece, International Monetary Fund (IMF), President Nicholas Sarkozy, Rep. Cathy McMorris Rodgers | Category: Barack Obama, Economy, European Union, France, Taxes, United States | Comments are closed
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