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 ›
International Monetary Fund
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 ›
Ukraine Admits Its Vast Gold Reserves are Gone
Tuesday, 18 November 2014 Back in March, at a time when the IMF reported that Ukraine’s official gold holdings as of the end of February, (just as the US State Department-facilitated coup against former president Victor Yanukovich was concluding), amounted… Read More ›
IMF pronounces Bulgaria’s banks safe just two weeks before Bank Run
Friday, 11 July 2014 Earlier this summer, IMF bureaucrats went to Sofia, Bulgaria to study the country’s economic progress. And roughly a month ago, they released an official report which stated, among other things, that Bulgarian banks are “stable and… Read More ›
Will the IMF headquarters move to Beijing?
(People’s Daily Online) 09:19, June 17, 2014 The International Monetary Fund’s headquarters may one day move from Washington to Beijing, aligning with China’s growing influence in the world economy, the fund’s managing director Christine Lagarde said early this month. Attaching… Read More ›
EU to help Ukraine pay Russian gas bill
EEV: ? 04 Mar 2014 Brussels (AFP) The European Union will help Ukraine pay the $2.0 billion it owes to Russian gas giant Gazprom, a top official said Tuesday, as part of an aid package reportedly worth more than one… Read More ›
Joint statement on Ukraine from the the leaders of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States and the President of the European Council and President of the European Commission
EEV: This looks more like a form letter, than a truly diplomatic response. Historically this may go down as one of the most shockingly tepid responses to military aggression in history. See below a joint statement from the leaders of Canada,… Read More ›
Ukraine Curbs Bank Withdrawals on $70bn of Missing Public Cash
By Lianna Brinded , Published: February 28, 2014 09:56 AM Ukraine Curbs Bank Withdrawals on $70bn of Missing Public CashReuters Ukraine’s central bank has curbed the amount people are allowed to withdraw from banking deposits, as it tries to prevent… Read More ›
World risks deflationary shock as BRICS puncture credit bubbles – probability may now be as high as 20pc.
As matters stand, the next recession will push the Western economic system over the edge into deflation It is a remarkable state of affairs that the G2 monetary superpowers – the US and China – should both be tightening Photo:… 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 ›
Icelandic Govt to forgive each household $32,600 worth of debt
Wednesday, 04 December 2013 Wouldn’t everyone want to call Iceland their home? Iceland’s government has announced that it will be writing off up to 24,000 euros ($32,600) of every household’s mortgage, fulfilling its election promise, despite overwhelming criticism from international… Read More ›
Chinese state media: Xinhua says ‘new world order should be put in place’ where all nations can have interests respected on equal footing
Chinese state media calls for ‘de-Americanised’ world after US shutdown Xinhua says ‘new world order should be put in place’ where all nations can have interests respected on equal footing Sunday, 13 October, 2013, 1:59pm Agence France-Presse in… 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 ›
Dominique Strauss-Kahn was ‘king of the party’ at sex soirées, claim French investigators
Disgraced former IMF chief has been charged with ‘aggravated pimping’, along with 12 other people Anne Penketh Wednesday, 7 August 2013 Dominique Strauss-Kahn, disgraced former head of the International Monetary Fund (IMF), was the “linchpin” and “party king” of an… 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 ›
Newspaper: Strauss-Kahn may take up position of Serbian govt’s advisor
Photo EPA/ITAR-TASS BELGRADE, July 30 (Itar-Tass) – Former Managing Director of the International Monetary Fund, Dominique Strauss-Kahn may take up the position of an advisor to Serbia’s government, the newspaper Danas says in its Tuesday edition. Serbian Deputy Prime Minister… Read More ›
Dominque Strauss Kahn to face trial for pimping / in connection with an alleged prostitution ring at a Lille hotel
French former IMF chief Dominique Strauss-Kahn will face trial on pimping charges along with 12 others in connection with an alleged prostitution ring at a Lille hotel, the local prosecutors’ office said on Friday. Dominique Strauss-Kahn was answering questions in… Read More ›
Greece approves scheme to fire thousands of public workers
Source: Reuters – Wed, 17 Jul 2013 10:01 PMAuthor: Reuters * Reform bill including job cuts scrapes through parliament * Protesters throng gates of parliament as voted neared * PM announces first major tax cut since crisis began By Renee… Read More ›
Hungary tells IMF to leave after paying out loan
Tuesday, 16 July 2013 Hungary has announced plans to repay its bailout loan from the International Monetary Fund early and asked the organization to leave the country. The head of Hungary’s Central Bank Gyorgy Matolcsy wrote a letter to… Read More ›
Greek MPs vote in favour of charging ex-minister over tax-cheat list
Source: Reuters – Tue, 16 Jul 2013 12:51 AM Author: Reuters ATHENS, July 16 (Reuters) – Greek lawmakers voted early on Tuesday in favour of pressing criminal charges against former finance minister George Papaconstantinou in a scandal over a list… Read More ›
Corruption probe moves closer to IMF chief as aide charged
12 Jun 2013 PARIS (AFP) Stephane Richard, the head of telecoms company Orange and a former aide to IMF chief Christine Lagarde, was charged Wednesday in a corruption probe related to Lagarde’s time as France’s finance minister. In… Read More ›
Unrest may spread across Europe, warns Red Cross chief
Charity boss ‘worried’ by effect of austerity measures on Continent’s poor Charlotte McDonald-Gibson Friday, 24 May 2013 Rocketing unemployment and poverty in some areas of Europe could lead to rising civil unrest, unless governments take measures to address the humanitarian… Read More ›
IMF chief Lagarde to face questioning over payout “Prosecutors suspect Lagarde of embezzling public funds “
Christine Lagarde Photo: EPA International Monetary Fund (IMF) chief Christine Lagarde is due to appear before magistrates in France investigating her role in a large payout to a businessman and politician following a dispute, a court spokesman said. The 57-year-old… Read More ›
Spain’s jobless rate soars to a record high of 27.16 per cent
In nearly two million homes, every adult is out of work – with no end of recession in sight Alasdair Fotheringham Thursday, 25 April 2013 For the first time since modern statistics began, Spain reached the landmark figure of more… 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 ›
Eurozone faces new challenge as Portugal blocks cuts
The eurozone crisis threatens to flare up again this week after Portugal’s constitutional court blocked the country’s planned austerity programme. Portugal’s Prime Minister Pedro Passos Coelho addresses the nation from his official residence at Sao Bento palace in Lisbon on… 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 ›
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 ›
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 ›
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 ›
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 ›
French authorities raid IMF chief Christine Lagarde’s home in ’embezzlement’ probe
Investigation concerns the payment of almost €400m in state compensation to a disgraced French tycoon John Lichfield Wednesday, 20 March 2013 French magistates and anti-fraud police have raided the Paris home of the International Monetary Foundation (IMF) chief,… 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 ›
Asian markets fall amid fears over Cyprus bailout deal
Asian markets have dipped after Cyprus bailout plans triggered fears of an escalation of the eurozone debt crisis. The EU and IMF want all bank customers to pay a levy in return for a bailout worth 10bn euros ($13bn;… Read More ›
The Political Leaders of the EU, IMF, and Cyprus need to be audited.
EEV: I rarely offer commentary, but the Iron needs to be struck while hot. – The people of Europe need to know whether the political leaders of the Eurozone, including Cyprus, transferred money to safer havens prior to the proposed… Read More ›
Cyprus baulks at painful EU bailout terms: ” I don’t think the banks will open if the bill isn’t passed “
17 Mar 2013 NICOSIA (AFP) Cyprus postponed an emergency debate in parliament on a controversial EU bailout on Sunday, threatening a prolonged closure of the island’s banks as MPs baulk at an unprecedented tax on savings. Fellow eurozone countries and… Read More ›
Cyprus: panic as savings levy is imposed
Cypriots rush to ATMs before savings are docked as part of a bailout deal agreed in Brussels Paul Gallagher and Helena Smith guardian.co.uk, Saturday 16 March 2013 15.14 EDT Cyprus’s rightwing leader Nicos Anastasiades believes his country will default following… 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 ›
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 ›
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 ›
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 ›
Anti-austerity strike to bring Greece to a standstill
Tue, 19 Feb 2013 23:36 GMT Reuters By Renee Maltezou ATHENS, Feb 20 (Reuters) – Greek workers walk off the job on Wednesday in a nationwide anti-austerity strike that will disrupt transport, shut public schools and tax offices and leave… Read More ›
Egypt to start rationing subsidised fuel in July
Mon, 18 Feb 2013 22:22 GMT Reuters CAIRO, Feb 18 (Reuters) – Egypt will implement its delayed plans to ration subsidised fuel through a system of smart cards at the beginning of July, the country’s minister of petroleum and mineral… Read More ›
Greeks scrabble for food handouts in streets
Free fruit and veg – even the rich are queuing up 07 February, 14:27 People wait in line for a free meal in Athens (archive) (ANSAmed) – ATHENS – When a group of farmers handed out free fruit and… 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 ›
Qatar steps in to ease Cairo cash crisis
Qatar has lent Cairo a further £1.25bn and donated an extra £300m in an effort to control a currency crisis prompted by Egypt’s political turmoil. Qatari Prime Minister Sheikh Hamad bin Jassim al-Thani announced the doubling of funds… Read More ›
The laws of global warming: legal protection when something goes Wrong through Geo-engineering
How to regulate geo-engineering efforts to fight climate change? By: Tom Snee | 2012.12.19 | 09:22 AM ©istockphoto.com/Trifonov_Evgeniy With policymakers and political leaders increasingly unable to combat global climate change, more scientists are considering the use of manual manipulation of… Read More ›
Greek ex-finance minister expelled from party for nepotism
Dec 29, 2012 07:00 Moscow Time George Papaconstantinou Photo: AFP Former Greek Finance Minister George Papaconstantinou, under whose guidance the country went de facto bankrupt and was forced to seek EU and IMF loans, has been expelled from his… Read More ›
Engineering Evil 