Action: Spanish Bailout “Imminent… Unavoidable”
By John Ward The Slog ACTION….Spanish bailout “imminent….unavoidable”. WORDS: “The G20 wishes to express its alarm about the eurozone crisis” (Opening statement) “We can see that the markets are not convinced. We must draw…
First Greek Exit Poll Shows Dead Heat Between Syriza And New Democracy
By Tyler Durden on 06/17/2012 12:03 -0400 Zero Hedge The long-anticipated first Greek exit poll is out. The results, per Greek Mega TV, are as follows: New Democracy 27.5-30.5, SYRIZA 27-30, PASOK 10-12, Ind Gr…
Forget Three Months: Italy May Have Two Weeks Tops, As “It Already Is Where Spain Is Heading”
By Tyler Durden on 06/13/2012 08:05 -0400 http://www.zerohedge.com/news/forget-three-months-italy-may-have-two-weeks-tops-it-already-where-spain-heading Yesterday, Austrian finance minister Maria Fekter ruffled the unelected Italian PM’s feather by saying “forget Spain, Italy is next in the bailout line” – a statement which…
MUST READ: Debt Crisis: Europe’s Democracies Must Not Subcontract Their Destiny to the Bundesbank
Europe has lit the fuse on an economic and financial bomb. The rescue package for Spain cannot plausibly be contained to €100bn once it begins, given the subordination of private creditors and collapse…
Europe Brings Out The “Capital Controls” Bazooka
By Tyler Durden on 06/11/2012 11:31 -0400 http://www.zerohedge.com/news/europe-brings-out-capital-controls-bazooka Here we go: EU SOURCES HAVE DISCUSSED IMPOSING CAPITAL CONTROLS AS WORST CASE SCENARIO IF GREECE LEAVES EUROZONE – RTRS IMPOSING BORDER CHECKS, LIMITING ATM WITHDRAWALS ALSO PART…
The Week that Europe Stopped Pretending: The Euro Has Essentially Broken Down
The euro has essentially broken down as a viable economic and political undertaking. The latest rush of events reeks of impending denouement. The debt markets are pricing in for a global deflationary bust….
Central Banks to Hold Fire… For Now
By Richard Hubbard LONDON | Sat Jun 2, 2012 7:39am EDT http://reut.rs/M0oVJt (Reuters) – The intensifying euro zone crisis and uncertain global growth outlook have raised hopes for a policy response from major central banks but, while it…
Euroblown: Greece Stops Dead as Government Introduces Payments Freeze & Importers Demand Cash Up Front
By John Ward http://hat4uk.wordpress.com/2012/05/28/euroblown-greece-stops-dead-as-government-introduces-payments-freeze-and-importers-demand-cash-up-front-24/ BEDLAM CREATED BY EU/BERLIN LUNATICS TAKES OVER IN ATHENS Facing the threat of a delay in the disbursement of bailout installments from the Troika, Greece’s caretaker government has suspended rebates and…
Lloyd’s of London Preparing for Euro Collapse
The chief executive of the multi-billion pound Lloyd’s of London has publicly admitted that the world’s leading insurance market is prepared for a collapse in the single currency and has reduced its exposure…
Greece Breaking: Athens Caretaker Government Forced to Raid Recapitalisation Budget to Keep Going
By John Ward http://bit.ly/Js7F48 The Slog has learned that Greece’s Accounting Office produced an internal briefing paper this week warning that tax revenues are likely to miss hoped-for targets by some €1.35 billion….
