Category: Eurozone Debt Crisis
The analysis published under this category are as follows.
Wednesday, June 08, 2016
Pensions In The UK and EU Going Bankrupt – Slow Motion Detonation of Pensions Timebomb - Video / Interest-Rates / Eurozone Debt Crisis
By: GoldCore
Pensions in the UK, EU and internationally will go bankrupt as the long awaited ‘pensions time bomb’ detonates in slow motion.
Max Keiser and Stacy Herbert discuss the end of retirement which many Americans, Britons, Europeans and others will suffer as their pensions are decimated in the coming years due to zero percent interest rates and ultra loose monetary policies pursued for the benefit of banks and corporations.
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Tuesday, May 31, 2016
Here’s How Greece’s Bailout Falls Short / Politics / Eurozone Debt Crisis
By: Rodney_Johnson
If you lent a guy money and he failed to pay you back, would you lend to him a second time? How about a third time?
That’s exactly what’s going on in Europe.
The European Central Bank (ECB), European Commission (EC), and the IMF – the three entities collectively known as the Troika – bailed out Greece in 2010… then again in 2012.
Tuesday, May 10, 2016
Greece Again Surrenders to Troika Bandits / Politics / Eurozone Debt Crisis
By: Stephen_Lendman
On Sunday, long-suffering Greeks suffered another body blow. Parliamentarians voted 153 to 143 for greater austerity than already, exclusively benefitting Western bankers and large investors, social justice entirely ignored.
A three day anti-austerity strike featured protests and sit-ins. Large parts of Greece’s economy were shut down, including transport, schools and other public services to no avail.
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Tuesday, February 16, 2016
Euro Bond Crisis Returns As Germany Pushes Euro Sovereign Debt Bail-in Clause / Stock-Markets / Eurozone Debt Crisis
By: GoldCore
European Banks holding European sovereign debt may have to take haircuts and be part of bail in plans should that same debt default, according to a plan being pursued by German government advisers. In another attempt to shelter German tax payers from the largess and excess of fellow European neighbouring countries’ national banks, the move could trigger a run on billions of euro of sovereign debt of said banks. In an article penned by the Telegraph’s Ambrose-Evans Pritchard, one of the council’s dissenting members describes the plan as the “fastest way to break up the Eurozone”.
Tuesday, December 15, 2015
Is This Just the Beginning of the Euro Debt Crisis? / Interest-Rates / Eurozone Debt Crisis
By: Harry_Dent
I've been shocked over how much QE and stimulus the central banks have signed on for in the last seven years, but they’re finally starting to reach their limit.The U.S. already did in 2014 when the Fed finally tapered. And this week, the markets are betting on a rate hike – never mind the trouble brewing in China, other emerging markets, and now Europe.
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Sunday, December 06, 2015
Greece Is A Nation Under Occupation / Politics / Eurozone Debt Crisis
By: Raul_I_Meijer
Perhaps the best way to show what a mess Europe is in is the €3 billion deal they made with Turkey head Erdogan, only to see him being unmasked by EU archenemy Vlad Putin as a major supporter, financial and who knows how else, of the very group everyone’s so eager to bomb the heebees out after Paris. It could hardly have been more fitting. That’s not egg on your face, that’s face on your egg.
But Brussels thinks it’s found a whipping boy for all its failures. Greece. It’s fast increasing its accusations against Athens’ handling of the 100s of 1000s of refugees flooding the country. Everything that goes wrong is the fault of Greece, not Brussels. The EU has so far given Greece €30 million in ‘assistance’ for the refugee crisis, while the country has spent over €1.5 billion in money it desperately needs for its own people. But somehow it’s still not done enough.
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Tuesday, November 24, 2015
Finally, Return to Athens / Politics / Eurozone Debt Crisis
By: Raul_I_Meijer
That’s right, I am at last able to come back to Athens, starting today. Alas, without Nicole Foss, who was supposed to join me in the city earlier this year but is back in New Zealand now. Why that plan never materialized, and why I couldn’t return myself, is all about the illness and subsequent passing of my mother, a process I write about in Eulogy for Johanna.
Wednesday, September 09, 2015
Why the Greeks Should Repudiate Their Government’s Debt / Interest-Rates / Eurozone Debt Crisis
By: MISES
Simon Wilson writes: In apportioning blame for the Greek government debt crisis, it would be difficult not to lay the major share on Greece itself. With government jobs paying three times the private sector average, a national rail service with a wage bill four times its annual revenue, a public pension system that would pay out generous benefits at fifty for anyone classified as working in “arduous” professions like hairdressing, there is no shortage of taxpayer-funded largesse running rampant through Greek society.
Sunday, August 16, 2015
Four Economic Myths that Perpetuate the Euro Crisis / Economics / Eurozone Debt Crisis
By: MISES
Patrick Barron writes: Too much of the commentary about the Greek crisis has focused on whether or not Greece should drop the euro and not enough on the structural problems arising out of decades of socialism. Meanwhile, the Greek government has borrowed more money than the Greek people can possibly repay, and debased money will not make this fact disappear. On the contrary, more easy money will cause even more harm.
Thursday, August 06, 2015
Europe’s Greek Tragedy / Politics / Eurozone Debt Crisis
By: John_Mauldin
In this week’s Outside the Box we have a unique diagnosis of Europe’s ills from … a medical doctor. The author is Dr. Luc De Keyser, who currently serves as the chief medical information officer at Xperthis, the largest provider of hospital information systems solutions in Belgium. He has done pioneering work in multicenter clinical trials, medical ontologies, paleonutrition, and examining human conflict from an evolutionary perspective.
Dr. De Keyser (writing for Stratfor) is not sanguine about Europe’s future. There are times, he reminds us, when a doctor has to make the tough call and conclude that the patient’s case is simply without hope. It's a painful diagnosis and not one that the doctor enjoys sharing with the patient. But at some point the patient must be told.
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Saturday, August 01, 2015
The Greek Coup: Liquidity as a Weapon of Coercion / Politics / Eurozone Debt Crisis
By: Ellen_Brown
“My father made him an offer he couldn’t refuse. Luca Brasi held a gun to his head and my father assured him that either his brains, or his signature, would be on the contract.” — The Godfather (1972)
In the modern global banking system, all banks need a credit line with the central bank in order to be part of the payments system. Choking off that credit line was a form of blackmail the Greek government couldn’t refuse.
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Thursday, July 30, 2015
Reasons Why the Greek Crisis Will Only Get Worse / Stock-Markets / Eurozone Debt Crisis
By: Investment_U
Sean Brodrick writes: So Europe brought Greece to heel like an unruly dog, eh? And the government of that sad-sack nation got stuck with the same onerous debt terms it was trying to avoid when it held a referendum?
German bankers win, life goes on... right?
Nope.
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Thursday, July 30, 2015
Greece - The IMF Experts Flunk, Again / Economics / Eurozone Debt Crisis
By: Steve_H_Hanke
My Globe Asia column in May was titled “Greece: Down and Probably Out.” Well, it’s out. Yes, Greece descended from drama to farce rapidly.If all goes according to plan, the left-wing Greek government will come to an agreement with the so-called troika – the European Commission (EC), the European Central Bank (ECB), and the International Monetary Fund (IMF) – over the details of a third bailout program by August 20th. This rescue package will probably be worth €86 billion (U.S. $94.5 billion). So, since 2010, Greece will have received three bailouts worth a whopping €430 billion (U.S. $472.2 billion). This amounts to a staggering €39,000 (U.S. $42,831) for every man, woman, and child in Greece.
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Wednesday, July 29, 2015
Greece- What Happens When Economists Talk Politics / Economics / Eurozone Debt Crisis
By: Raul_I_Meijer
As the “Varoufakis Files” provide everyone interested in the Greek tragi-comedy with an additional million pages of intriguing fodder -we all really needed that added layer of murky conspiracy, re: the Watergate tapes-, a different question has been playing in my head. Again. That is: Why are economists discussing politics?
Why are the now 6 month long Greece vs Troika discussions being conducted by the people who conduct them? All parties involved are apparently free to send to the table whoever they want, and while that seems nice and democratic, it doesn’t necessarily make it the best possible idea. To, in our view, put it mildly.
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Sunday, July 26, 2015
The Number One Lesson From Greece / Politics / Eurozone Debt Crisis
By: Raul_I_Meijer
There’s arguably nothing that’s been more hurtful -in more ways than one- to Greece and its Syriza government over the past six months, than the lack of support from the rest of Europe. And it’s not just the complete lack of support from other governments -that might have been expected-, but more than that the all but complete and deafening silence on the part of individuals and organizations, including political parties.
It’s no hyperbole to state that without their loud and clear support, Syriza never stood a chance in its negotiations with the Troika. And it’s downright bewildering that this continues to get so little attention from the press, from other commentators, and from politicians both inside Greece and outside of it.
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Sunday, July 19, 2015
Was Greece Set Up To Fail? / Politics / Eurozone Debt Crisis
By: Raul_I_Meijer
I started writing this on my last night in Athens for now, Wednesday, and had no time to finish it then:
On the eve of my temp absence from this great city, a few things. I could simply extend my stay, which might be slightly cheaper, but A) flights to Athens cost less all the time, and B) I have to go see my mom in Holland, who’s not doing well at all. On top of that, Nicole arrived in Holland last week, and we might as well just fly out back here together in a few weeks.
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Friday, July 17, 2015
Greek People Victims Of Political Games / Politics / Eurozone Debt Crisis
By: SecularInvestor
Last Sunday, we arrived in Greece. We have interviewed since then more than 25 people across the country. We have selected ordinary people, with different jobs, from all ages, both in cities and rural areas. So our research is representative for the whole population. What people told us is staggering, and it becomes worse we compare this with the acts of the government. This is a live report about the government debt crisis.
In general, people describe the current economic situation as hopeless; there is no outlook for growth whatsoever. Everyone agrees that this crisis will go on for many years before the country can see any economic improvement.
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Thursday, July 16, 2015
Euro-zone ‘Plan B’ Needed As Euro One Recession Away From Implosion – David McWilliams / Economics / Eurozone Debt Crisis
By: GoldCore
- Euro is one recession away from implosion – David McWilliams
- Mismanagement of euro “both laughable and terrifying”
- “When economic negotiations stop making economic sense, you should begin to question the motives of the EU”
- Germany is out of control
- Successful British exit will be model for other countries
- Euro membership is now conditional
- “Countries that don’t play ball with Germany will see their banking system used against their democratically elected politicians”
- Investors and savers need “PLAN B”
Wednesday, July 15, 2015
Grexit or Jubilee? How Greek Debt Can Be Annulled / Politics / Eurozone Debt Crisis
By: Ellen_Brown
The crushing Greek debt could be canceled the way it was made – by sleight of hand. But saving the Greek people and their economy is evidently not in the game plan of the Eurocrats.
Greece’s creditors have finally brought the country to its knees, forcing President Alexis Tsipras to agree to austerity and privatization measures more severe than those overwhelmingly rejected by popular vote a week earlier. No write-down of Greece’s debt was included in the deal, although the IMF has warned that the current debt is unsustainable.
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Wednesday, July 15, 2015
The Humiliation and Subjugation of Greece... / Politics / Eurozone Debt Crisis
By: Clive_Maund
Europe is a fascinating place, but not as interesting as it was before the European Union came into existence. Older travellers may recall the fun of going from one European country to another, with each having its own currency and banknotes which you could scrutinize with interest as you relaxed at various cafes or restaurants. The national stereotypes could still easily be found - Frenchmen on bicycles dressed in blue and white striped shirts and black berets pedaling around selling strings of onions, and refusing to speak English on principle even when they understood it, or spending their time productively on four hour lunches or womanizing. Germans with their ruthless efficiency and organization, but who produced great sausages and beer, which they would routinely consume in vast quantities in gigantic steins. They were supposed to be humorless, and were wonderfully personified by Gert Frobe in the classic 60's film Those Magnificent Men in their Flying Machines, who let slip a chuckle when one of his officers crashed a flying machine into a tree, but you certainly can't call the Bavarians in southern Germany humorless, with their oompah bands and their vaguely silly lederhosen - these people are an inspiration to drinkers the world over.