EUROZONE Eurozone downturn and deficits to persist, Commission says Spain, France and Portugal have failed to cut overspending to agreed targets, the European Commission has said. February 22, 2013 From THE BBC Dr. Pinna says… Nothing goes in a straight line, but the economic trend [...]
Saxo Bank CEO Says Euro Is Doomed as Currency Woes Resurface By Mahmoud Kassem – Feb 18, 2013 From BLOOMBERG Dr. Pinna says… Is the Euro doomed? It should be, as this Danish bank CEO suggests. However, the Europeans like the simplicity of one currency. They remember the [...]
This is the beginning of a new era in the world economy. An over crowded world is facing two groups of people who have fundamentally changed in the last three decades The Asians and the Westerners.
The euro declined the most since July versus the dollar after European Central Bank President Mario Draghi said a strong currency could slow the region’s economic recovery, lifting bets the bank may lower interest rates.
SWITZERLAND Davos Shows Army Ready for Worst in War Game Operation By Leigh Baldwin and Zoe Schneeweiss – Jan 22, 2013 From BLOOMBERG Dr. Pinna say… In this article, the authors bring out the fears of the Swiss Government: “It is possible that several European Countries will Implode [...]
The German economy is being dragged down by the recessions in some of its southerly eurozone neighbours.
ECB Holds Rates as Economy Worsens, Spain Resists Aid Request By Jeff Black Nov 8, 2012 From BLOOMBERG Dr. Pinna says… The Europeans are willing to “starve” in order to have one currency and one passport. However, the ”starvation” has just begun. There is a lot of money [...]
Euro-Zone Unemployment Strikes Record October 31, 2012 By ALEX BRITTAIN FROM THE WALL STREET JOURNAL Dr. Pinna says… What we are seeing in Europe is a new brand of Communism. Instead of one government declaring that all people are equal, we have 350 million people telling each other “Our currency, the [...]
