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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...
Europeans still expect the worst of the crisis to come
Most Europeans believe that the crisis will worsen next year. Despite the official message that economies clearly begin to grow next year, people still believe that the worst is yet to come, according to a European survey conducted in April by Ipsos and Publicis. At the head of pessimism are the French with 73% of Read full article...
United Kingdom downgraded to AA+
Fitch Ratings has downgraded the United Kingdom’s Long-term foreign and local currency Issuer Default Ratings (IDR) to ‘AA+’ from ‘AAA’. The Outlook is Stable. At the same time, the agency has affirmed the UK’s Short-term foreign currency rating at ‘F1+’ and the Country Ceiling at ‘AAA’. The rating actions follow the conclusion of the review 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...
Europe: From the Subprime to the Breakdown
By LUIS MIRANDA | THE REAL AGENDA | AUGUST 10, 2012 The storm that began in the U.S. five years ago, swept governments, banks and mortgage financiers. The outbreak of the subprime mortgage crisis in the U.S. arrives to its fifth year with a legacy that includes a global economic crisis that seems endless: the Read full article...
Spain admits the need for a Rescue of 300 billion
By LUIS MIRANDA | THE REAL AGENDA | JULY 30, 2012 The Spanish Minister of Economy and Competitiveness, Luis de Guindos announced last week to its German counterpart that Spain will most likely need an extra 300 billion Euros in what will constitute the most feared but long time coming financial rescue of the Spanish Read full article...
“We are absolutely slaves to Central Banks”
By LUIS MIRANDA | THE REAL AGENDA | JUNE 25, 2012 It hasn’t been a secret for long, but very few times do viewers watch or listen to guests on main stream media not only accepting the fact that we are all slaves who work for central bankers, but to admit it emphatically on US Read full article...
Spain: Tax us all to Save the Euro
The government in Madrid officially calls for bailout, but refrains from calling it so. By IAN TRAYNOR | UK GUARDIAN | JUNE 7, 2012 Spain is warning that Europe‘s single currency will unravel unless its leaders decide within weeks to centralise budget and tax policies in the eurozone and agree on a strategy to pool responsibility for failing Read full article...
European Debt Crisis Continues to Bleed
The blame game begins as no solution is achieved for Greece, Italy or Spain. By JAMES CHAPMAN | MAIL ONLINE | MAY 16, 2012 David Cameron will today express grave doubts about the survival of the euro amid fears that a collapse could drag Britain into a decade-long depression. He will warn of ‘perilous economic 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 Read full article...
