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Global Banking Authority will Open for Business in Europe

Just as advertised, the all mighty global bank has now been announced by European nations in order to save the Eurozone By JUERGEN BAETZ | AP | JUNE 5, 2012 German Chancellor Angela Merkel said Monday that she is open to establishing a European banking authority as a long-term solution to the continent’s financial crisis. Her support as leader of the EU’s biggest economy could be crucial for the concept, which ...Read full article...

Banks Can No Longer Hide the Collapse

By LUIS MIRANDA | THE REAL AGENDA | MAY 16, 2012 It’s been at least four years since the current financial collapse began. Back in 2008, when the crisis was already taking shape, the banks supported by international financial institutions such as the IMF, World Bank, Bank of Europe, Bank of England and the US Federal Reserve did not hesitate to calm everyone down saying that the earliest signs of a global ...Read full article...

Banks Get Ready for Greek Currency Come Back

REUTERS | MAY 11, 2012 Banks are quietly readying themselves to start trading a new Greek currency. Some banks never erased the drachma from their systems after Greeceadopted the euro more than a decade ago and would be ready at the flick of a switch if its debt problems forced it to bring back national banknotes and coins. From the end of the Soviet Union – which spawned currencies such ...Read full article...

17 Million Unemployed in Euro zone

By ROBIN EMMOTT | REUTERS | APRIL 2, 2012 Unemployment in the euro zone reached its highest level in almost 15 years in February, with more than 17 million people out of work, and economists said they expected job office queues to grow even longer later this year. Joblessness in the 17-nation currency zone rose to 10.8 percent – in line with a Reuters poll of economists – and ...Read full article...

Does Germany Intend to Leave the Eurozone?

The Economic Collapse March 12, 2012 For a long time, most analysts have believed that if someone was going to leave the euro, it would be a weak nation such as Greece or Portugal.  But the truth is that financially troubled nations such as Greece and Portugal don’t want to leave the euro.  The leaders of those nations understand that if they leave the euro their economies will totally ...Read full article...

Spain Spending its way into the Abyss

by Luis R. Miranda The Real Agenda March 9, 2012 The continuous rise in public spending in Spain is deeply braking the back of the country’s capacity to keep up with one of the most dire economic situations in the Euro zone. In the last 4 years, Spain has not been able to cope with one of the highest unemployment rates in the developed world. The outcome of the ...Read full article...

Hasta la Vista Euro, Hello Peseta!

Spanish village goes back to peseta by Lee Moran Mail Online February 15, 2012 A Spanish town is looking to the past to safeguard the future of its ailing economy by reintroducing  the peseta. Fed up with the failing euro, rebellious locals in Villamayor de Santiago have reverted to using the old currency, which was phased out a decade ago. Around 30 shops in the historic town,  75 miles ...Read full article...

New ‘scary’ predictions for the Eurozone to justify loss of Sovereignty

‘Deep Depression’  is the new term used in main stream media to justify another bank bailout and the surrender of political and economic sovereignty. AFP November 29, 2011 Europe is reeling from warnings it faces a “deep depression” if the eurozone collapses and that every EU nation’s credit rating could be hit without firm action to resolve the debt crisis. An updated growth report from the OECD on Monday ...Read full article...

Britain draws up emergency plans for collapse of Euro

by James Chapman Mail Online November 28, 2011 Britain is drawing up emergency plans for the collapse of the ‘creaking’ Eurozone amid warnings debt-stricken Italy will need a £500 billion bailout involving billions of pounds of UK taxpayers’ money. Chancellor George Osborne said the Treasury had ‘stepped up’ contingency planning and aimed to be ready for ‘whatever the Eurozone throws at us’. It emerged yesterday that the International Monetary ...Read full article...

Merkel and Sarkozy in Talks to End Eurozone

Fears that Italy’s fall may drag the whole region down, prompted the ‘strongest’ economies to think about doing away with the current shape of the Eurozone. Guardian.co.uk November 10, 2011 Fears that Europe’s sovereign debt crisis was spiralling out of control have intensified as political chaos in Athens and Rome, and looming recession, created panic on world markets. Reports emerging from Brussels said that Germany and France had begun preliminary ...Read full article...
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