Tuesday, 26 March 2013 Savings accounts in Spain, Italy and other European countries will be raided if needed to preserve Europe’s single currency by propping up failing banks, a senior eurozone official has announced. The new policy will alarm hundreds… Read More ›
European Stability Mechanism
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 ›
EU economy commissioner warns over Cyprus euro exit
Cyprus’s new President Anastasiades stands next to his predecessor Christofias at the presidential palace in the capital Nicosia. AFP Sunday, Mar 03, 2013 BERLIN – European Economic Affairs Commissioner Olli Rehn has warned that debt-riven Cyprus could exit the… Read More ›
Spain’s rising debt costs eat up austerity gains: separatist crises in Catalonia and the Basque region that threaten to break the country apart.
Spain has pushed through €40bn of fresh austerity measures in the teeth of recession, despite violent protests across the country and separatist crises in Catalonia and the Basque region that threaten to break the country apart. Spanish PM Mariano Rajoy… Read More ›
Finland prepares for break-up of eurozone
Finland is preparing for the break-up of the eurozone, the country’s foreign minister warned today By Ambrose Evans-Pritchard, in Helsinki 9:00PM BST 16 Aug 2012 The Nordic state is battening down the hatches for a full-blown currency crisis as… Read More ›
Engineering Evil 