Action: Spanish Bailout “Imminent… Unavoidable”
By John Ward The Slog ACTION….Spanish bailout “imminent….unavoidable”. WORDS: “The G20 wishes to express its alarm about the eurozone crisis” (Opening statement) “We can see that the markets are not convinced. We must draw…
Moody’s Downgrades Five Dutch Banks By 1-2 Notches
By Tyler Durden on 06/14/2012 20:57 -0400 Zero Hedge While we await the Moody’s downgrade of the Spanish banking system, which we can only attribute to a lack of outsourced Indian talent, since three banks…
Eurozone is ‘Unsustainable’ Warns Mario Draghi
The head of the European Central Bank hit out at the political paralysis gripping the region as he warned the eurozone’s set-up was “unsustainable”. By Louise Armitstead, Chief business correspondent 8:26PM BST 31 May 2012…
Lloyd’s of London Preparing for Euro Collapse
The chief executive of the multi-billion pound Lloyd’s of London has publicly admitted that the world’s leading insurance market is prepared for a collapse in the single currency and has reduced its exposure…
Has The Greek Bank Run Started?
by Tyler Durden on 05/15/2012 11:36 -0400 http://bit.ly/J9io3y While the long-term decline in bank deposits over the past 3 years has been well documented both on Zero Hedge and elsewhere, it is the most recent, acute post-electionphase that…
Spain Crisis: Deloitte Reports €1bn Overstatement in BANKIA Savings & Loan Division
By John Ward http://hat4uk.wordpress.com/2012/05/10/spain-crisis-deloitte-reports-e1bn-overstatement-in-bankia-savings-loan-division-13/ Spanish crisis moves up a gear as doubts grow about Madrid bailout resources Sources in troubled Spanish bank Bankia confirmed to leading Spanish newspaper El Mundo yesterday that auditors…
The Banks’ Nightmare Is Coming True: Greek Left Calls For Anti-Bailout Coalition
By Tyler Durden on 05/06/2012 16:25 -0400 http://www.zerohedge.com/news/banks-nightmare-coming-true-greek-left-calls-anti-bailout-coalition The only saving grace of the earlier horrendous Greek parliamentary vote was that, based on very preliminary results New Democracy and Pasok would be able to form…
Crash 2: 76 Years On, Spain Once Again Holds the Key to the Future
By John Ward http://hat4uk.wordpress.com/2012/04/20/crash-2-76-years-on-spain-once-again-holds-the-key-to-the-future/ For all kinds of reasons (entirely family, nothing to to with GCHQ etc) my posts will be briefer and more sporadic for the foreseeable future. Sometimes, stuff like this…
Greek Election Sensation: What the Voters Weren’t Told… But Just Found Out
By John Ward http://hat4uk.wordpress.com/2012/04/18/greek-election-sensation-what-the-voters-werent-told-but-just-found-out/ Papademos…possibly not entirely honest with Greeks IMF blunder forces out the truth about post-election crackdown Yesterday, the IMF released disastrous forecasts about the Greek economic outlook for 2012. Unwittingly…
Euroblown: ClubMed Money stampedes Northwards as French Lay Plans to Cut the Bond Market’s Throat
Capital flight from the eurozone is accelerating at an alarming rate. But the real figure to look at is that for money heading north within the zone. It is absolutely unprecedented. In March 2012 alone,…
