Spain Crisis: Deloitte Reports €1bn Overstatement in BANKIA Savings & Loan Division
By John Ward http://hat4uk.wordpress.com/2012/05/10/spain-crisis-deloitte-reports-e1bn-overstatement-in-bankia-savings-loan-division-13/ Spanish crisis moves up a gear as doubts grow about Madrid bailout resources Sources in troubled Spanish bank Bankia confirmed to leading Spanish newspaper El Mundo yesterday that auditors…
Crash 2: 76 Years On, Spain Once Again Holds the Key to the Future
By John Ward http://hat4uk.wordpress.com/2012/04/20/crash-2-76-years-on-spain-once-again-holds-the-key-to-the-future/ For all kinds of reasons (entirely family, nothing to to with GCHQ etc) my posts will be briefer and more sporadic for the foreseeable future. Sometimes, stuff like this…
Euroblown: ClubMed Money stampedes Northwards as French Lay Plans to Cut the Bond Market’s Throat
Capital flight from the eurozone is accelerating at an alarming rate. But the real figure to look at is that for money heading north within the zone. It is absolutely unprecedented. In March 2012 alone,…
Euroblown: Slog’s Allegations of Social Security Hock Finally Quantified
By John Ward http://hat4uk.wordpress.com/2012/04/09/euroblown-slogs-allegations-of-social-security-hock-finally-quantified-12/ In Spain, unpaid bills, public company debt, and Spanish sovereign bonds amount to 870 billion euros. More disturbing still – I’ve posted about this before many times – is…
The EU’s Answer to a Mountain It Calls a Molehill: Pretend the Molehill is a Mountain
By John Ward http://hat4uk.wordpress.com/2012/03/28/the-eus-answer-to-a-mountain-it-calls-a-molehill-pretend-the-molehill-is-a-mountain/ When my devotions could not pierce thy silent ears, then was my heart broken, as was my verse. My breast was full of fears and disorder. My bent…
Frankfurt Contact Tells Slog: “Eurozone Will Shatter By Autumn”
“Spain and Italy cannot be contained” By John Ward http://hat4uk.wordpress.com/2012/03/23/frankfurt-contact-tells-slog-eurozone-will-shatter-by-autumn/ Incompetent mendacity still a la mode throughout Europe As ECB President Mario Draghi declared the eurozone out of the woods yesterdays, The Slog’s…
Eurozone Unravelling: Blue Skies in the Media, Rain Heading for Spain
By John Ward http://hat4uk.wordpress.com/2012/03/22/eurozone-unravelling-blue-skies-in-the-media-rain-heading-for-spain/ ‘U.S. money-market funds sharply increased the amount of euro-zone bank debt they held last month, according to Fitch Ratings, a sign they believe the worst of the debt troubles…
