by Tyler Durden There was a time when even the merest hint of a breakup of the Eurozone was considered a taboo topic in Europe. Who can forget Mario Draghi’s response to a question from […]
by Tyler Durden Submitted by Soeren Kern via The Gatestone Institute, A move by Italy — the third-largest economy in the eurozone — to abandon the euro could strike a potentially fatal blow to […]
Libertarian Thoughts As the British referendum date draws closer, a possible and increasingly plausible Brexit scenario has been dominating the news. The arguments for and against Britain’s exit from the EU in 2016, and the […]
Submitted by Tyler Durden on 03/30/2016 As the Eurozone is amid secular stagnation, its old fiscal, monetary and banking challenges are escalating, along with new threats, including the Brexit, demise of Schengen, anti-EU opposition and […]
by Tyler Durden In his latest must read presentation, Citigroup’s Matt King continues to expose and mock the increasing helplessness and cluelessness of central bankers, something this website has done since 2009 knowing full well […]
The Eurozone fantasy will be one of the early casualties by Charles Hugh Smith Friday, July 10, 2015, 11:48 AM The one undeniable truth about the debt drama in Greece is that each of the […]
By Michael Snyder The wait will soon be over. Greece submitted a final compromise plan to its eurozone creditors on Thursday, European finance ministers will meet on Saturday to discuss the proposal, and an emergency […]
By Michael Snyder Get ready for another major worldwide credit crunch. Today, the entire global financial system resembles a colossal spiral of debt. Just about all economic activity involves the flow of credit in some […]
by Chris Martenson The new Greek political party, known as Syriza, the Coalition of the Radical Left, has done the unthinkable: they’ve dared to speak the truth. In this case, the truth is perfectly captured […]
by John Rubino on January 22, 2015 Today the European Central Bank acknowledged that the currency it manages is being sucked into a deflationary vortex. It responded in the usual way with, in effect, a massive devaluation. Eurozone […]
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