EUROS PrintBack to story Euro Was Flawed at Birth and Should Break Apart Now By Charles Dumas - Apr 1, 2012 Since the launch of the euro in January 1999, Germany and the Netherlands have experienced a growth slowdown and loss of wealth for their citizens that would not have happened had [...]
By John Glover, from Bloomberg Money is leaking out of banks in southern Europe as customers scoop deposits out of Greece, Spain and Italy to move cash to less indebted nations such as Germany. Greece ’s total deposits plunged 28 percent from the peak in June 2009 to 169 billion euros ($225 billion) at [...]
HUNGARY HUNGARY: THE CANARY IN THE MINE IS SCREAMING! HUNGARY’S STATE AIRLINE COLLAPSES IS EUROPE FILLED WITH DEADLY GAS? Hungary’s Malev Folds as Euro Crisis Claims Second Carrier February 03, 2012 From Bloomberg See Dr. Pinna’s comments below… STATE AIRLINE FOUNDED IN 1946 FOLDS! Malev Zrt., the state-owned Hungarian airline founded in 1946, ceased flying [...]
CHRISTINE LAGARDE Lagarde Says Europe Must Boost Firewall By IAN TALLEY, from The Wall Street Journal The global economy faces a depression-era collapse in demand if Europe doesn’t quickly act to dramatically boost the size of its debt-crisis firewall, implement pro-growth policies and further integrate the euro zone, the head of the International Monetary Fund [...]
“FRAUDULENT” fraud•u•lent/ˈfrôjələnt/ Adjective: 1. Obtained, done by, or involving deception, esp. criminal deception: “the fraudulent copying of American software”. 2. Unjustifiably claiming or being credited with particular accomplishments or qualities. Synonyms: deceitful – dishonest – deceptive Merriam-Webster – The Free Dictionary When the Euro was created on January 1, 1999, the following criteria were to [...]
The Group of “G-20†(sounds powerful) finance ministers have decided how to solve Greece’s debt… Very simple! Have the German workers and other hard workers in the Northern Tier of Europe pay the debts… Oh, and also the debts of Italy, Spain and Portugal. These workers can do it. We, Leaders, only have to convince [...]
Portugal Downgrades 2012 Economy Outlook By ANUSHA SHRIVASTAVA and GABRIELLA STERN, from THE WALL STREET JOURNAL NEW YORK—Portugal’s prime minister on Saturday said the country’s economic contraction would be worse than expected in 2012 as a result of a slowdown in the global economy. Pedro Passos Coelho, who became prime minister in June, also expressed [...]
Everywhere we look today around the modern world, we see the same problem in a myriad of forms: DEBT. Debt is like tuberculosis in the 19th Century, it has infected every one, from individuals to corporations to banks and to countries. It has slowly insinuated itself into modern society as a “solution†to the desire [...]
