Moody’s Downgrades EU Creditors: It’s the beginning of the End
HJ: The painfully slow disintegration of the EU and the collapse of the global economy lurches on. I don’t know about you, but I just want to be done with this chapter of…
Could This be the End of the Road for Greece?
HJ: It’s anybody’s guess what the IMF’s next move will be in regards to the multiple failing European economies. However, one thing is certain– collapse is coming to make way for a new,…
Spain Nears Implosion As Businesses Threaten To Leave
HJ: Whereas there once was a time when almost no one in the government spoke out against the government or released any data suggesting that things were in severe peril, the Eurozone debt…
Zero Hedge: Four More Spanish Regions Seek Bailout; German Nürburgring Faces Bankruptcy
HJ: The EU Debt crisis was just starting to fade from headlines, overshadowed by the equally intense LIBOR scandal. That did not mean that more carnage was not occurring everyday, as we are now seeing…
Debt Crisis: Prepare for Lehmans Re-Run, Bank Official Warns, as Leaders Poised to Bail Out Spain and Italy
European leaders are poised to use two rescue funds to buy Spanish and Italian debts in a £600bn bail-out, as a Bank of England policy maker tells traders to prepare for a devastating…
MUST READ: Debt Crisis: Europe’s Democracies Must Not Subcontract Their Destiny to the Bundesbank
Europe has lit the fuse on an economic and financial bomb. The rescue package for Spain cannot plausibly be contained to €100bn once it begins, given the subordination of private creditors and collapse…
Europe Brings Out The “Capital Controls” Bazooka
By Tyler Durden on 06/11/2012 11:31 -0400 http://www.zerohedge.com/news/europe-brings-out-capital-controls-bazooka Here we go: EU SOURCES HAVE DISCUSSED IMPOSING CAPITAL CONTROLS AS WORST CASE SCENARIO IF GREECE LEAVES EUROZONE – RTRS IMPOSING BORDER CHECKS, LIMITING ATM WITHDRAWALS ALSO PART…
The Week that Europe Stopped Pretending: The Euro Has Essentially Broken Down
The euro has essentially broken down as a viable economic and political undertaking. The latest rush of events reeks of impending denouement. The debt markets are pricing in for a global deflationary bust….
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…
Euroblown: The Evidence Against Lagarde – Rounding Up the Usual Suspects
By John Ward http://hat4uk.wordpress.com/2012/04/23/euroblown-the-evidence-against-lagarde-rounding-up-the-usual-suspects/ “You know, things are really not that bad in the eurozone,” said Christine Lagarde last night in the US The debt of the 17 euro nations climbed to 87.2%…
