The credit ratings agency Moody’s has downgraded Ireland‘s long-term debt to junk status from Baa3 to Ba1 – the highest junk grade.
CRISIS
Submitted by Sullivan on Tue, 2011-07-12 20:19
European Council President Herman Van Rompuy has called an emergency meeting of top officials dealing with the euro zone debt crisis for Monday morning, reflecting concern that the crisis could spread to Italy, the region's third largest economy.
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Submitted by Sullivan on Sun, 2011-07-10 20:03
Greeks have taken to venting their frustration over the country’s economic plight by hurling yoghurt and verbal abuse at ruling socialist legislators.
Submitted by Sullivan on Sat, 2011-07-09 11:16
Lipsky: 'The euro area needs to strengthen economic governance'
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Submitted by Sullivan on Wed, 2011-06-22 22:17
Publication of suppressed report could undermine efforts to deal with eurozone debt crisis.
Submitted by Sullivan on Wed, 2011-06-22 22:09
This Greek-produced documentary addresses the causes of the Greek debt crisis and offers potential solutions to this crisis that are not currently being considered by the Greek government.
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Submitted by Sullivan on Wed, 2011-06-22 11:17
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The European economy edged towards a fresh crisis yesterday, as Spain's leaders were forced to admit that credit had dried up for some of the country's banks.
Submitted by Tyler Durden on Sun, 2011-06-19 21:41
Financial war reporter, Max Keiser, travels to the global financial war. This time, Keiser is in Ireland
Submitted by Sullivan on Sun, 2011-06-12 20:20
A must see.
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- BAILOUT
- BANKING
- COLLATERALIZED DEBT OBLIGATIONS
- CONTAGION
- COVER UP
- CRASH
- CREDIT DEFAULT SWAPS
- CRIMINALITY
- CRISIS
- CURRENCIES
- DEBT
- DEPRAVITY/AMORALITY
- DERIVATIVES
- ECONOMY
- EXPLOITATION
- FEDERAL RESERVE
- FIFTH COLUMN
- FINANCE
- ICELAND
- IMF
- LUNACY
- MONEY
- MONEY AS DEBT
- PONZI SCHEME
- POVERTY
- RECESSION
- REGULATION
- THIEVERY
- UNEMPLOYMENT
- UNITED STATES
- USURY
- WALL STREET CASINO
Submitted by Crimes of Zion on Fri, 2011-06-10 18:09
Ireland may be plunged into a a “disastrous” sovereign debt crisis within three years as the cost of rescuing its banks mounts, Nouriel Roubini, who predicted the global financial crisis, said.
Submitted by Sullivan on Sat, 2011-05-28 09:33
Max Keiser on Irish political talking-heads show
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Submitted by Sullivan on Sun, 2011-05-08 21:41
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Last week, Mikis Theodorakis -- known for composing the music for Zorba the Greek -- appeared on television and blamed U.S. Jews for Greece’s economic malaise, declaring he is “anti-Israel and anti-Semitic.” “Everything that happens today in the world has to do with the Zionists,” he said. “American Jews are behind the world economic crisis that has hit Greece also.” The composer also warned "we're in danger! Zionism and it leaders are here, meeting in our country! "This is no laughing matter.”
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Submitted by andie531 on Tue, 2011-02-22 02:55
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Ireland should learn from the examples of third world and developing countries and default on bank debt, development agency Afri (Action from Ireland) has said.
Submitted by Sullivan on Fri, 2010-12-31 21:53
Greek lawmakers are set to vote on the 2011 budget draft in the early hours of Thursday amid ongoing strikes and protests by labor unions over painful austerity measures and structural reforms introduced to tackle a severe economic crisis.
Submitted by Sullivan on Thu, 2010-12-23 11:27
Overdrawn American cities could face financial collapse in 2011, defaulting on hundreds of billions of dollars of borrowings and derailing the US economic recovery. Nor are European cities safe – Florence, Barcelona, Madrid, Venice: all are in trouble
Submitted by Sullivan on Wed, 2010-12-22 00:11
Believe it or not the euro zone and European Union crisis is still in the formative stages.
Submitted by Sullivan on Sat, 2010-12-11 23:43
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The world's leading advanced and emerging countries vowed Saturday to avoid potentially debilitating currency devaluations, aiming to quell trade tensions that could threaten the global recovery.
The agreement comes amid fears that countries were on the verge of a so-called currency war in which they would devalue currencies to gain an export advantage over competitors — causing a rise in protectionism and damaging the global economy.
U.S. Treasury Secretary Timothy Geithner praised the results, calling them part of necessary changes in how the global economy operates.
The G-20 is made up of the finance ministers and central bank governors of 19 countries: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, Republic of Korea, Turkey, United Kingdom, United States of America. Israel not included.
Submitted by andie531 on Sat, 2010-10-23 19:45
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Though the recession is officially over, its fallout is still spreading through the high street.
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Submitted by Sullivan on Sun, 2010-09-12 08:38
Another important discussion of the situation and ideas for resisting and rebuilding. Topics include Peron's strategy for rebuilding a battered currency, loopholes to bleed the middle-class wealth down, new world currency scam, privatization tales from the crypt, and frog pot ruses used to militarize the police. Essential knowledge for the public if we are to do a parasite cleanse. As Adrian says, financial problems always have a geopolitical angle.
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Submitted by Fester on Tue, 2010-08-17 04:51
A Return to Feudalism and the City-State
Submitted by Sullivan on Fri, 2010-06-18 22:42
THE Greek government has been advised by British economists to leave the euro and default on its €300 billion (£255 billion) debt to save its economy.
Submitted by Sullivan on Sun, 2010-05-30 13:40
ATHENS, May 25 (Xinhua) -- There would be no domino effect of the Greek debt crisis, Greek Professor Joseph Hassid, chairman of the Department of Economics at the University of Piraeus, told Xinhua in a recent interview.
Submitted by Sullivan on Thu, 2010-05-27 07:36
ATHENS (Reuters) 26 May 2010 - Greece is trying to renegotiate the terms of a drastic pension reform required under the terms of an economic rescue deal agreed this month with the EU and the IMF, senior government officials said.
Submitted by Sullivan on Thu, 2010-05-27 07:32
The International Monetary Fund (IMF) has raised fresh concerns about Spain's economy, saying "far-reaching" reforms are needed to ensure its recovery.
Submitted by Sullivan on Thu, 2010-05-27 07:29
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Italy aims to cut deficit to 2.7 pct of GDP by 2012. Goals now are discipline, debt burden and growth - IMF
Submitted by Sullivan on Thu, 2010-05-27 07:25
MADRID, May 24 (Reuters) - Spain must make far reaching, comprehensive reforms, including to the labour market, while its economic recovery remains fragile, The International Monetary Fund said on Monday.
Submitted by Sullivan on Wed, 2010-05-26 08:45
Angela Merkel has let a minor brush-fire on the periphery turn into a raging inferno that's sweeping across the continent. Absent Berlin's fumbling diplomatic effort and its ferocious attachment to Hooverian economics, the Greek matter would have been over by now. Instead, the fire continues to burn while the German Chancellor pushes the eurozone closer and closer to the cliff. And what for; to prove that prodigal spending by the member states (Greece) mustn't go unpunished? Is that what this is all about? Is Merkel really willing to break up the EU just to prove her point and to accommodate her towering sense of self righteousness?
Submitted by Sullivan on Wed, 2010-05-26 08:19
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Investors are braced for fresh turbulence in European bank shares after Spain's authorities stepped in to rescue Cajasur, one of the country's largest regional lenders.
Submitted by Sullivan on Mon, 2010-05-24 07:04
Among the mega-forces moving the tectonic plates and imperiling the nation-states of the world from above and below are these:
First, ethno-nationalism, which threatens nations with secession and break-up. We see it in the Uighurs of China, the Naga of India, the Baluch of Iran and Pakistan, the Kurds of Iran, Syria, Iraq and Turkey, the Chechens of the Russian Caucasus and the Walloons of Belgium.
Second, transnationalism. This is the project of global elites who seek to reduce nations to ethno-cultural enclaves in a new world order run by these same bloodless bureaucrats whose loyalty is neither to the land nor people whence they came.
Submitted by Sullivan on Thu, 2010-05-20 19:49
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A fine, fine show from The French Connection. Warren Buffet plays Ken Lay. Major media start uttering truths. Big potential gold scam in the wings. Do tune in. The previous show with Ognir is also worth foll
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