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Merkel’s Germany

On September 23, Der Spiegel headlined “Word From Berlin: Triumph Confirms ‘Era of Merkelism.” She “won a stunning victory. Conservatives (achieved) the best result in two decades. Merkel is at the zenith of her power.” Financial Times contributor Wolfgang Munchau headlined “Merkel’s almost total political triumph,” saying: “Just a few votes shy of an absolute majority was the best conceivable result Angela Merkel could have had.” “It was an electoral triumph of ...Read full article...

Support for the European Union loses steam among citizens

The economic crisis has come to tear down the confidence of citizens in the European Union (EU), a globalist project that now teeters beaten by the growing discontent and increasingly widespread euroscepticism. In recent months, each new survey has confirmed the collapse of the EU’s image among Europeans already pointed out in the latest Eurobarometer, published late last year. In it, 57% of Europeans said they did not trust ...Read full article...

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,” Asmussen said when asked about the measure, which was conducted by Expansion. The ECB ...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 them who believe things will get worse and, paradoxically, the Spanish are the most ...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 of the UK’s sovereign ratings initiated on 22 March and resolve the Rating Watch ...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 statement, Draghi said that Germany had remained somehow unaffected by the crisis and that ...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 almost certain breakdown of the euro, and in the case of Greece, Spain, and ...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 economy. Mr. Guindos explained that the new bailout will be added to the 100 ...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 national television. In a recent interview on CNBC’s Kudlow Report, one of the co-hosts ...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 banks. As Spain’s prime minister, Mariano Rajoy, came under mounting international pressure to accept ...Read full article...
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