France and Germany veto increase in EU rescue fund
Germany and France have rejected calls by Brussels for a rapid increase in the size and powers of the EU’s rescue machinery, once again exposing…
Euro
EU seeks sweeping powers over banks
Brussels has called for sweeping powers for regulators to seize failing EU banks, sack board members, and impose haircuts on senior bank debt, aiming to…
China buys up EU government debt
China has been increasing its holdings of European government debt amid the euro-zone crisis, including that of Spain. Global Post China has been increasing its…
Living Standards Must Fall By 15% to Save the Euro
UK Express THE euro has only a 20 per cent chance of survival, a leading think-tank warns today. It is possible that the eurozone may…
Euro turns to problem for Eastern Europe
Karel Janicek and George Jahn Associated Press BRATISLAVA, Slovakia — Bells pealed and fireworks shot across midnight skies in Bratislava two years ago, as Slovaks…
The UK inflation genie is out of the bottle
As 2010 draws to a close, it’s becoming ever clearer that the UK’s economic prognosis is not good. Liam Halligan Telegraph I’m a natural optimist…
Communist China to “Bailout” Cartel Capitalism in West?
Howard Beale Activist Post Communist China, with all of its resources gained through slave labor and favorable trade agreements, has announced that it will bailout debt-weakened European…
Record spike in EMU default risk on Portugal downgrade and Greek restructuring scare
The cost of default insurance on eurozone bonds has surged to an all-time high on reports that Greece is preparing the way for a sovereign…
Bloomberg Files Lawsuit Against European Central Bank
UNC Biz Blog Bloomberg LP, the parent of Bloomberg News, filed a lawsuit Wednesday that asks the European Union’s General Court in Luxembourg to overturn…
Pimco says ‘untenable’ policies will lead to eurozone break-up
Pimco, the world’s largest bond fund, has called on Greece, Ireland and Portugal to step outside the eurozone temporarily and restructure their debts unless the…
IMF chief worried about Europe domino effect
Glenn Somerville Reuters The head of the International Monetary Fund said on Thursday he was worried that EU leaders’ piecemeal approach to Europe’s debt crisis…
Banksters Give German Chancellor Her Marching Orders
Angela Merkel – Reuters image Robert Wenzel Economic Policy Journal The debt crisis in Europe that is impacting many countries is now being used by…
Disagreement over EU debt crisis stalks summit
Sarkozy and others at EU summit earlier this year – AFP Gabriele Steinhauser Associated Press BRUSSELS — European leaders disagreed over how to fight the…
UK Police may ban future marches to prevent disorder
Police may ban anti-Government marches through central London to prevent further disorder and strain on officer numbers. Martin Beckford, Heidi Blake and Steven Swinford Telegraph…