This from the man who’s most famous quote is “When it becomes serious, you have to lie” LOL
Mr Juncker, who chairs meetings of finance ministers from the euro zone, said in a radio interview: “I don’t want the United Kingdom setting aside entire pag…
The Huntsman Alternative
By Simon Johnson
The eurozone financial situation continues to worsen. The latest idea from the eurogroup of finance ministers is apparently to have the European Central Bank make a massive loan to the International Monetary…
Associated Press
Greek debt haircut seen exceeding 60 percent
By GEORGE JAHN and ELENA BECATOROS , 10.11.11, 06:21 AM EDT
VIENNA — Greece’s bondholders may have to settle for a cut of more than 60 percent in what Athens owes them, the head of the e…
EU leaders are actively looking for ways recapitalize European banks in a coordinated plan, according to an FT report. Finance ministers concluded that banks are suffering from funding concerns and that markets will need to be convinced they can withs…
Is the Dexia mess the start of a new financial crisis?
Posted by Michael Schuman Tuesday, October 4, 2011 at 9:20 am
In the clearest indication yet that Europe’s sovereign debt crisis is morphing into a wider, financial sector crisis, a big European …
Europe Stunned After Being Told “Obama Is Not In Charge”
A new report prepared by Russian Deputy Finance Minister Tatyana Nesterenko about the Eurogroup meeting of the Informal conomic and Financial Affairs Council (ECOFIN) in Wroclaw Poland on th…
Europe May Withhold Half of Greek Payment
European governments weighed withholding half of Greece’s next 12 billion-euro ($17.2 billion) aid payment, seeking to keep the country solvent while maintaining pressure on the government to slash the debt …
