Tag Archives: Greece

CRISIS ATHENS: The price of everything, and the value of nothing.

Posted on April 21, 2013 by

One building ,not as yet for sale in central Athens is that of the left-wing Party  led by Alexis Tsipras, Syriza. But across from that square and two  blocks down, the People’s Republic of China has bought a building that  was … Continue reading →

| Tagged , , , , , ,

Why Bank Bail in and Bail out Wont Work. Case study Iceland and Greece

Posted on April 12, 2013 by

By: Sam_Chee_Kong As  most of us can remember that Iceland was the first country that went down  during the last Global Financial Crisis in 2008. During that time Iceland had  done something remarkable and that is during the five years … Continue reading →

| Tagged , , , , , ,

Europe Continues To Drink The ECB’s Poisoned Kool-Aid

Posted on March 7, 2013 by

Despite the drumbeat of defeatism  from English-speaking economists, and despite three years of disappointing  economic results, the Eurozone persists in the execution of its original “Plan  A”, adopted three years ago: 1. Balance eurozone government budgets by  raising taxes and reducing expenditure. 2. … Continue reading →

| Tagged , , , ,

Why we should not pay the promissory note

Posted on February 7, 2013 by

By David Mc Williams The ECB never does anything without an eye on global trends. In the overall scheme of things, despite being the “European” central bank, things that happen in small European countries matter little in setting the tone. … Continue reading →

| Tagged , , , , | 1 Comment

Do degrees help young Europeans find jobs?

Posted on January 16, 2013 by

The unemployment rate in the EU reached a record high of 10.7% in November 2012, according to figures published earlier this week by eurostat. Youth unemployment, in particular, has been consistently gloomy since the beginning of the crisis, with almost … Continue reading →

| Tagged , , , , , ,

up-date fro The European Central Bank and Goldman Sachs derivatives scam

Posted on November 30, 2012 by

Thomas, for your attention ……The European Central Bank has won a ruling to refuse access  to secret files showing how Greece used derivatives to hide its debt.  They were guided in this scam by Goldman Sachs. “Disclosure of those documents … Continue reading →

| Tagged , , , , ,

What’s Left To Cut? ‘Greece sacrifice on Euro altar’ Ireland next?????

Posted on November 12, 2012 by

Another year of pain looms for Greece as the country’s Parliament approves an austerity budget which will force more biting cuts upon an already struggling population. It’s been a pre-condition from international lenders who’ve been delaying another bailout cash injection … Continue reading →

| Tagged , , , ,

Eurozone unemployment hits new high

Posted on October 31, 2012 by

By Julia Kollewe Unemployment in the eurozone has risen to a new high, with Spain recording the highest jobless rate with more than one in four out of work. There are now 18.49 million people without jobs in the 17 countries … Continue reading →

| Tagged , , , ,

Elite View: The Yo-Yo Economy

Posted on October 24, 2012 by

Euro zone rot spreads to Germany, China mending … The euro zone’s biggest member Germany is being sucked into the bloc’s worsening economic quagmire, business surveys suggested on Wednesday, as similar data signalled the slowdown in China may be abating. The … Continue reading →

| Tagged , , , , ,