360° Coverage : Debt crisis: as it happened - November 28, 2012

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Debt crisis: as it happened - November 28, 2012

Source: The Telegraph, Nov 28 2012, 10:52am CST

Europe is a destiny we will never embrace easily. But it is an absolutely essential part of our nation remaining a world power politically and economically. It would be a monumental error of statesmanship to turn our back on it and fall away from ...

Continue reading on: The Telegraph

 
 
Update
10

6 hours ago

Money isn’t “easy”– A rant

Source: The Money Illusion  |   May 18 2013, 10:43am CDT

I am traveling today, so only have time to complain about some themes I keep coming across when reading the press and speaking to people out in the real world. No links. 1. There is no reason at all for the ECB to look around for transmission m ...

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Update
9

16 hours ago

Another Dark Corner of the Holocaust

Source: The New York Times  |   May 18 2013, 1:10am CDT

The photographs of proud Greek Jewish families in the early 1900s and the richly decorated artifacts from centuries past on display at the Holocaust Memorial and Tolerance Center of Nassau County reflect a vibrant community. But images from the 1940 ...

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Update
8

24 weeks ago


Quote:
"milestone in the implementation of the Memorandum of Understanding between euro area countries and Spain"


Source: The Telegraph

 

Who is this Celebrity?

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7

19 hours ago

‘Cyprus at risk of even deeper recession’

Source: Press TV  |   May 17 2013, 9:52pm CDT

In a report issued on Friday, the IMF predicted a deep recession in Cyprus this year and next and said there is a danger that the downturn could be even more severe if authorities do not adhere strictly to conditions imposed ...

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Update
6

1 day ago

Dongguan suspends free services as debt crisis bites

Source: SCMP  |   May 17 2013, 5:00pm CDT

In a telling sign of the mainland's mounting local government debt crisis, some towns in Dongguan - one of the richest cities - are being forced to suspend free public services and infrastructure projects. In February ...

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Update
5

1 day ago

The Time To Buy Italy Is Now

Source: Investopedia  |   May 17 2013, 12:10pm CDT

Let’s face facts, Europe continues to be a mess. Many of the reasons for the Eurozone’s woes- such as stalling growth and enormous public debt loads- still persist. Riots, austerity measures and possible defaults are still a real threat plag ...

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Update
4

1 day ago

GLOBAL MARKETS-Dollar soars, stocks gain amid talk of Fed QE exit

Source: Reuters Mobile  |   May 17 2013, 10:55am CDT

* Fed's Williams says stimulus withdrawal could start this summer * U.S. consumer sentiment rises to highest in nearly six years * U.S. dollar index hits nearly three-year high, stocks climb * U.S. Treasuries prices fall further after senti ...

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3

1 day ago

Stash your cash in Switzerland? US and Europe push to make it harder

Source: MinnPost.com  |   May 17 2013, 8:30am CDT

An intense diplomatic and public push is under way across Europe and in the United States to more aggressively hunt illegal cash stashed away in offshore paradises like Switzerland, Luxembourg, Austria, and Andorra. Spurred by cour ...

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Update
2

1 day ago

King of Spain gives up luxury yacht

Source: Euronews  |   May 17 2013, 5:14am CDT

Spanish King Juan Carlos has given up his 21 million euro yacht. The move comes as Spain suffers under bitter austerity measures and record unemployment. The boat was donated to the monarch by a business group, but has led to embarrassment as it ...

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1

1 day ago

Bankers push for Italian SME-backed covered bonds

Source: Westlaw Business Currents  |   May 17 2013, 4:06am CDT

FRANKFURT, May 17 (IFR) - Italy needs to change its covered bond law so that the country's banks can provide cheaper funding to the small and medium-sized enterprises (SMEs) that are the backbone of the economy, bankers said. Bank ...

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