Editor’s Note (Ralph Turchiano) Re-Post Request for cross reference HSBC and Panama files. Original Post date 28 October 2012 Engineering Evil : Authenticity Still Requires further verification Being on a List does not imply guilt Current Source Info: Zougla Keep Talking… Read More ›
European Central Bank
ECB Pulls The Trigger: Blocks Funding To Greece
Wednesday, 04 February 2015 Just what the market had hoped would not happen… •ECB SAYS IT LIFTS WAIVER ON GREEK GOVERNMENT DEBT AS COLLATERAL •ECB SAYS IT CAN’T ASSUME SUCCESSFUL CONCLUSION OF GREECE REVIEW What this means simply is that… Read More ›
Bilderberg group meets to discuss ‘Does Privacy Exist’?
Thursday, 29 May 2014 Many may chuckle when they learn a debate entitled “Does Privacy Exist?” is to feature at this year’s Bilderberg conference, the notoriously secretive gathering of the world’s most powerful bankers, politicians and business people. … Read More ›
Germans mock new Italian PM – the new Mr Bean?
Friday, 28 February 2014 German newspapers mocked the new Italian PM Matteo Renzi(39) for having women for half of his cabinet Ministers, which is somewhat bizarre since Germany for the past 8 years is ruled by a woman Angela… Read More ›
Eurozone banks face £42bn ‘capital black hole’
– “I expect more bad news coming out of Germany. The strongest German Panzer was unbeatable, but there is only one problem – they have one of the worst banking systems in the world Government adviser Davide Serra says this year’s stress… Read More ›
Is Europe on the verge of a popular uprising?
Europe’s ‘crisis after the crisis’ poses uncertainty in 2014 14 Dec 2013 The question was asked by one of Greece’s most respected newspapers as another year of painful austerity drew to a close. If public anger does explode on… Read More ›
Financial Stability Board Global Shadow Banking Monitoring Report 2013 (OFIs grew to $71 trillion )
December 1, 2013 The following report was released November 14, 2013 by the Financial Stability Board, an international organization that includes representatives from the G-20 nations, European Central Bank, European Commission, World Bank, International Monetary Fund, Organisation for Economic Co-operation… Read More ›
Euro begins to crash, Eurozone now considering a Negative Deposit Rate of -0.1%
ECB is reportedly considering a negative deposit rate, meaning eurozone lenders would have to pay the ECB to deposit money with it. <!– remove the whitespace added by escenic before end of tag –> By James Titcomb, and Ben Martin… Read More ›
EU getting ready to destroy the banks yet again?
Draghi: ‘please don’t destroy Europe’s banks yet again’ By Ambrose Evans-Pritchard Economics Last updated: October 22nd, 2013 El Pais has obtained the devastating letter by the ECB’s Mario Draghi warning Europe’s authorities not to set off yet another conflagration with… Read More ›
Brussels fears European ‘industrial massacre’ sparked by energy costs
Europe’s industry is being ravaged by exorbitant energy costs and an over-valued euro, blighting efforts to reverse years of global manufacturing decline. Mr Tajani warned that Europe’s quixotic dash for renewables was pushing electricity costs to untenable levels, leaving Europe… Read More ›
Ex Cyprus president walks out on public enquiry
Friday, 23 August 2013 Former Cyprus president Demetris Christofias walked out of a public enquiry into the causes of the island’s financial crisis Thursday, declining to answer questions before he had his say. The walkout was criticised by the… Read More ›
Bank of Cyprus cuts deposits over 100K-euro by 47.5%
29 July, 16:49 (ANSAmed) – NICOSIA, JULY 29 – The Cypriot government on Monday announced depositors at the country’s biggest lender will lose 47.5% of their accounts over the 100,000-euro insurance limit. Government spokesman Victoras Papadopoulos announced the figure as… Read More ›
Greece: 2,000 public high school teachers laid off / Next School guards, then city police
60.6% of Greeks in favor of drastic public sector cuts ? (ANSAmed) – ATHENS – A first wave of 2,000 technical public high school teachers, whose jobs parliament abolished last week, were laid off on Monday. The cut is… Read More ›
France ends Austerity measures
Tuesday, 07 May 2013 Finance Minister Pierre Moscovici says French austerity measures are at an end, instead opting for growth. This further complicates the strained relationship between the eurozone’s two largest economies. “We’re witnessing the end of the dogma… Read More ›
Charities, insurers to be included in Cyprus bail-in: 27.5% of Savings will be taken violating previous arrangement
Mon, 22 Apr 2013 04:22 GMT Reuters NICOSIA, April 22 (Reuters) – Cypriot insurance companies and charity organisations will be affected by a bail-in on deposits in an attempt to minimize the broader impact on savers, the island’s central bank… Read More ›
Cyprus bail-out vote stirs fresh jitters as slump fears grow in Europe
Cyprus has stunned EU officials by ordering a vote in its parliament on the terms of the EU-IMF Troika bailout for the country, risking a rejection by angry lawmakers and a fresh eruption of the crisis. The Cypriot parliament threw… Read More ›
What Exactly Is Inside Cypriot Banks? / Almost all Money
Published on Mar 27, 2013 March 27 (Bloomberg) — On today’s “Single Best Chart,” Scarlet Fu looks at assets inside Cypriot banks. She speaks on Bloomberg Television’s “Bloomberg Surveillance.” (Source: Bloomberg) — For more “Bloomberg Surveillance” videos: http://bloom.bg/LGz8Mc — Subscribe… Read More ›
‘Risk of a euro exit by Cyprus is substantial’ – Moody’s
Moody’s Photo: EPA After a disastrous bailout of the Cypriot banking system, one of the world’s top rating agencies downgraded the sovereign rating of Cyprus. One of the concerns cited by Moody’s is the possibility of Cyprus leaving the eurozone…. Read More ›
World’s first bitcoin ATM in Cyprus?
By Poly PantelidesPublished on March 28, 2013 AN ENTREPRENEUR has announced he is keen to introduce in Cyprus the world’s first ATM for virtual currency, bitcoin, which is not regulated by a central bank but has instead been growing… Read More ›
Cyprus bank controls to last a month, minister says
EEV: Real News from Cyprus has become difficult to obtain. Search engines seem to have been re-prioritized for unknown reasons. * For those looking for accurate news from Cyprus, I recommend http://www.cyprus-mail.com/ – . Customers queue up outside… Read More ›
Money was already fleeing Cyprus while president fumbled bailout/ Bank of Cyprus — have units in London which remained open throughout the week and placed no limits on withdrawals
Annika Breidthardt, Luke Baker and Michele Kambas, Reuters | 13/03/26 | Last Updated: 13/03/26 1:26 PM ET More from Reuters Getty ImagesPeople withdraw money from Bank of Cyprus ATM’s while employees gather outside the bank’s headquarters in Athens Friday. BRUSSELS/NICOSIA… Read More ›
IMF/EU will steal €100m from the Church
Church says it will lose €100m Published on March 26, 2013 The Church stands to lose more than 100 million euros in the bailout deal reached with international creditors early Monday, its leader Archbishop Chrysostomos said. “The capital owned… Read More ›
Presidential anger leads to ashtray jibe: IMF Suggested a 60% Levy on Savings
Published on March 26, 2013 SOURCES with access to the Presidential Palace have confirmed that President Nicos Anastasiades at one stage did threaten to resign during tense negotiations with international lenders on Monday morning. Initial reports had Anastasiades telling International… Read More ›
EU in “denial” that sick economy costs lives, health experts say
Wed, 27 Mar 2013 00:01 GMT Reuters * Financial crisis takes heavy toll on health, experts say * Austerity drive blamed for shredding social safety nets * Iceland shows alternative way as health standards hold up By Ben Hirschler LONDON,… Read More ›
Cyprus bank restructuring deal should be considered a template for the rest of the single currency bloc
Dutch Finance Minister and President of the Eurogroup Council Jeroen Dijsselbloem gestures during a joint press conference after a Eurogroup Council meeting at EU headquarters in Brussels on March 25, 2013. Photo: AFP Head of the Eurogroup of eurozone finance… Read More ›
Cyprus bailout: Kremlin ‘could punish Europe’ in reprisal for bank levy
Fears mount that Russia could act against European companies if charge on deposits hits €30bn Russian investments Helena Smith in Nicosia, Simon Goodley and Toby Helm The Observer, Saturday 23 March 2013 15.20 EDT A pressure valve on a Russian… Read More ›
Cyprus, Troika agree to 20% tax on deposits over 100,000 euros at Bank of Cyprus
EEV: Need 2n confirmation. This is the first story in Published time: March 23, 2013 18:31 Edited time: March 23, 2013 19:20 Bank workers shout slogans during a protest outside Cyprus presidential palace in Nicosia on March 23,… Read More ›
Tense in Cyprus, National Guard burns German Flags
Friday, 22 March 2013 Cypriot national guard soldiers have removed German flags from two building and burn them. The buildings housed German soldiers who are engaged in UN peace mission in Lebanon. Bank employees are protesting in Nicosia, earlier in… Read More ›
Cyprus considers taxing a quarter of big deposits at largest bank as president prepares to fly to Brussels to discuss eurozone bailout
Finance minister says ‘significat progress’ is being made with proposals expected as early as this evening Charlotte McDonald-Gibson, Nathalie Savaricas, Steve Anderson Saturday, 23 March 2013 Cyprus MPs are looking at seizing up to a quarter of the value of… Read More ›
Europeans set up financial blockade of Cyprus
Photo: EPA Jacques Sapir, PhD in economics, head of the Center for Studies of the Modes of Industrialization at the French Institute of Social Sciences, one of the leading French specialists in the area of defense economics, a specialist on… Read More ›
Cyprus Keeps Banks Closed indefinitely
Friday, 22 March 2013 Russia rebuffed Cypriot entreaties for aid on Friday, leaving the island’s increasingly isolated leaders scrambling to strike a bailout deal with the European Union by next week or face the collapse of its… Read More ›
Cyprus allows capital controls, creates “solidarity fund”
Photo: EPA Cyprus MPs approved a bill Friday night, granting the government the right to restrict withdrawals from bank accounts in exceptional cases. The parliament in Cyprus also approved a “national solidarity fund” to help the state raise the necessary… Read More ›
EuroGroup insists Cyprus must tax deposits
Photo: EPA The EuroGroup has rejected the Cypriot plan to raise billions of euros for addressing debt problems by nationalizing pension funds and issuing bonds backed by the promise of massive oil and gas profits. 0Reports say it continues to… Read More ›
Cyprus rescue in chaos as MPs reject bail-out
Nation could face bankruptcy within weeks after terms of £10bn package are voted down Charlotte McDonald-Gibson, Nathalie Savaricas Tuesday, 19 March 2013 Cyprus stood on the brink of bankruptcy tonight after its parliamentarians voted down a bailout deal that would… Read More ›
New EU Plan: Steal Bank Accounts from people
Monday, 18 March 2013 The surprise decision by euro zone leaders to part-fund a bailout of Cyprus by taxing bank deposits sent shockwaves through financial markets on Monday, with shares and the bonds of struggling euro zone governments tumbling…. Read More ›
Frantic day ahead as EU tells Cyprus it can rethink controversial bailout terms as key vote postponed
Cyprus postpones crucial vote on controversial bank deposit levy as stocks plummet around the world John Hall, Charlotte McDonald-Gibson, Nathalie Savaricas Monday, 18 March 2013 German and European bank officials have said Cyprus can amend the terms of its €10… Read More ›
Cyprus savings levy: questions and answers : Levy will be on Average Balance, withdrawing money will not save you
All the issues, causes and consequences of a forced levy on savers at Cypriot banks as part of the eurozone rescue package Graeme Wearden guardian.co.uk, Sunday 17 March 2013 10.06 EDT People try to withdraw money from a cashpoint… Read More ›
‘They took our money while we were sleeping’ WITH VIDEO
By Peter Stevenson Published on March 17, 2013 THE AIR of disappointment and rage on Ledra Street yesterday morning was almost tangible with groups of middle-aged men gathering to express their disbelief and fury about the haircut on deposits. Social… Read More ›
Cyprus Bail-Out Unfair, short-sighted and self-defeating: Will anyone ever put their savings in a Eurozone Bank again ?
Unfair, short-sighted and self-defeating Mar 16th 2013, 14:54 by A.P. IT IS not a fudge, but it is still a failure. The euro zone’s bail-out of Cyprus, which was sealed in the early hours of Saturday, did get the bill… Read More ›
Spain protesters accuse EU of servility to markets
16 Mar 2013 MADRID (AFP) Thousands of protesters marched Saturday in Madrid and other cities in Spain against European Union leaders’ handling of the financial crisis, condemning “an EU that belongs to the markets”. The marches, organised by Spain’s “indignados”… Read More ›
A look at Cyprus’ decision to tax depositors : Euro and the IMF resorts to absolute theft
By SARAH DiLORENZO AP Business WriterAssociated Press Posted: 03/16/2013 09:16:15 AM PDT March 16, 2013 7:15 PM GMTUpdated: 03/16/2013 12:15:23 PM PDT PARIS—People with bank accounts in Cyprus were shocked Saturday to learn that as part of an … Read More ›
Cyprus people ‘shocked’ with bailout terms: EuroGroup wants to tax Bank Deposits
Please refer to Update: Latest Update: It is apparent that Reuters is running a similar story that is there is no run on the banks, and foreigners accounts are safe. Cyprus parliament to vote on savings levy The following… Read More ›
Italy’s Pier luigi Bersani vowed to break free of the country’s austerity regime
Italy’s Bersani on collision course with Germany and ECB over austerity Italy’s Pier luigi Bersani vowed to break free of the country’s austerity regime as he laid out plans for a centre-Left government, risking a serious clash with Germany and… Read More ›
Anger builds in Italy as old guard plots fresh technocrat take-over : Will risk Revolution
Italy’s president Giorgio Napolitano is exploring the creation of a second technocrat government to break the political log-jam and calm markets after key parties failed to reach an accord, risking a serious popular backlash. Comedian Beppe Grillo repeated his vow… Read More ›
Hundreds of thousands march against austerity in Portugal
02 Mar 2013 LISBON (AFP) Hundreds of thousands of people took to the streets of Lisbon and other Portuguese cities Saturday to protest against the government’s austerity measures aimed at rescuing the debt-hit eurozone nation. The rallies were organised by a… Read More ›
Greece’s blowout sale : Police, Airports, Beaches, Islands, Water, Sewage All for Sale at Basement prices
Nikolia Apostolou and Marina RigouJanuary 18, 2013 06:00 Some say privatization may prove to be the Greek government’s best option, but who will pay the price? ATHENS, Greece — Straddled with mammoth debts, the government has begun one of the… Read More ›
Brussels fears ‘poverty trap’ for half of Europe as North-South gap widens
Unemployment in the eurozone jumped to a record high of 11.8pc in November as the region slid deeper into recession, with alarming rises across the Mediterranean that threaten extreme social distress. The report said the biggest single cause of the… Read More ›
Central bankers gone wild
Central bankers rarely do radical, or even surprising, things. This week it happened twice. Hold on to your pinstripes. Thomas MuchaDecember 14, 2012 06:19 Federal Reserve Chairman Ben Bernanke holds a press conference following a Federal Open Market Committee meeting… Read More ›
