Clik here to view.
Moody’s downgrades Ireland to junk
Just over the wire Moody’s downgrades Ireland to junk (Ba1) Same as Portugal So what does this tell us .It tells us that the markets do not believe Ireland can pay its debts at no matter how low the...
View ArticleClik here to view.
Clik here to view.
Further austerity measures for Portugal .
By Ambrose Evans-Pritchard Portugal‘s new leader Pedro Passos Coelho has told the nation to brace for further austerity measures after his government discovered a “colossal” €2bn (£1.7bn) hole in the...
View ArticleClik here to view.
What Comes Next for the EU: Three Scenarios
By Constantine von Hoffman The European Central Bank says it is backing both Italy and Greece despite not having the funds for it. Push is coming to shove for the EU. If it’s to survive, it will have...
View ArticleClik here to view.
Welcome back Machholz
Welcome back Machholz Ref:I’m Back http://thepressnet.com/2011/10/14/im-back/ Thomas of course Germany is BOOMING they are the ones who have a contrived fixed exchange rate that is sucking the life out...
View ArticleClik here to view.
Default, Exit and Devaluation as the Optimal Solution
Image via Wikipedia This report was sent into us today : Many economists expect catastrophic consequences if any country exits the euro. However, during the past century sixty-nine countries have...
View ArticleClik here to view.
Unsettling News on the Unresolved Eurozone Crisis
By Eric Fry We are not entirely sure what a “resolved” Eurozone crisis is supposed to look like, but we are pretty sure it is not supposed to look like the chart below A resolved crisis is not supposed...
View ArticleClik here to view.
Germany is undermining its own efforts to save the euro-zone
Angela Merkel, the Chancellor of Germany (Photo credit: Wikipedia) German government has undermined its own efforts to save the euro and the EU as a whole, after it negotiated a 6,3% rise in salaries...
View ArticleClik here to view.
Latest from the Slog!
Various Euro bills. (Photo credit: Wikipedia) From The slog “The fiscal pact is negotiated, it was signed by 25 government leaders and has already been ratified by Portugal and Greece. Parliaments...
View ArticleClik here to view.
Has anything changed ??
By Thomas O Cleirigh As we wake up to the news that Spain, banks are to receive 100 billion Euros (for starters ) without any declaration to investigate the corrupt dealings and total plunder of the...
View Article
