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European Central Bank to use fake money for more bailouts
The European Central Bank (ECB) is ready to buy bad debts weighing in Southern countries in an attempt to end the fragmentation in the eurozone and boost funding to the SMEs, as confirmed by the German representative on the board of the entity, Jörg Asmussen . “It’s part of the debate on lending to SMEs,” Read full article...
Commodity prices drop on week-long sell-off
Gold dropped as much as 6.3 percent on Monday Investors ditched gold along with other commodities from oil to copper after a less-than-forecast growth in China’s gross domestic product in the first quarter stoked doubts about the health of the global economy. This added to last week’s fears of central bank sales from Europe, prompted Read full article...
Austerity cripples Portugal
Health inspectors are not doing their job because they have no money to pay for gasoline and tolls, while financial inspectors refuse to work because they have to pay for gasoline out of pocket and do not know if they will get the money back. In some universities, research projects and food for the cafeterias Read full article...
European Government seizing cash from private bank accounts in Cyprus
The move is part of the so-called rescue plan to get the country out of its financial crisis The surprise decision by euro zone leaders to part-fund a bailout of Cyprus by taxing bank deposits sent shockwaves through financial markets on Monday, with shares and the bonds of struggling euro zone governments tumbling. The bloc Read full article...
IMF presses Euro countries to hand over Sovereignty
By LUIS MIRANDA | THE REAL AGENDA | NOVEMBER 9, 2012 The International Monetary Fund (IMF) has urged countries that are under pressure from markets and high financing costs, including Spain, to seek the help of the European bailout funds to enable the debt purchase program created by the European Central Bank (ECB) to be Read full article...
The crisis has reached Germany, warns ECB president
By LUIS MIRANDA | THE REAL AGENDA | NOVEMBER 8, 2012 Mario Draghi, the president of the European Central Bank (ECB), said Wednesday that the effects of the crisis are beginning to be felt in the German economy, which until now had remained largely untouched by the difficulties experienced by other European nations. In a Read full article...
International Banking Mafia Drools over ‘Spanish Prize’
By LUIS MIRANDA | THE REAL AGENDA | SEPTEMBER 19, 2012 The global banking cartel that almost daily proposes the destruction of the nations states is working harder than ever to once and for all conquer Spain. Even before the European Central Bank issued a statement about its openness to bail out Spain, technocrats in Read full article...
All Power to Brussels and the European Central Bank
By LUIS MIRANDA | THE REAL AGENDA | SEPTEMBER 12, 2012 A great complement to the decision to enable the European Stability Mechanism could materialize if the government in Brussels gets its way. The European government is now proposing that the European Central Bank should control all banking institutions in the EU. The European Commission Read full article...
