Free Republic 3rd Quarter Fundraising Target: $88,000 Receipts & Pledges to-date: $81,858
93%  
Woo hoo!! And now over 93%!! Less than $6.2k to go!! Let's git 'er done. Thank you all very much!! God bless.

Keyword: euro

Brevity: Headers | « Text »
  • Spain: Heading towards a general strike?

    02/20/2012 9:31:01 PM PST · by bruinbirdman · 4 replies · 1+ views
    Presseurop ^ | 2/20/2012
    "First massive protest against labour law reform," headlines Spanish daily La Vanguardia, following demonstrations on Sunday in 57 cities protesting against labour law reform introduced by the government of conservative Prime Minister Mariano Rajoy. Tens of thousands of people marched to the call of the major national trade unions, UGT and CCOO. It was the "first step towards an attack that could lead to a general strike," notes the Barcelona daily paper, for which this possibility would be "a serious mistake". The government cannot and must not back down on this issue because it would endanger its credibility towards the...
  • Throw the Greeks finally out of the euro! (English Translation of German)

    02/17/2012 10:14:00 AM PST · by C19fan · 14 replies
    Bild ^ | February 17, 2012 | Von Franz Solms-Laubach
    (It) is not much what exports the ailing Greek economy still abroad. But an export from Greece still exist: SPOTT, BESCHIMPFUNGEN, VERLETZENDE PÖBELEIEN! Germany has pledged over EUR 20 billion in aid the Greeks since 2010, about another 30 billion is to be decided on Monday.
  • Greece Is Burning and Nobody Cares (The market celebrates. Maybe endgame is finally coming)

    02/14/2012 5:56:22 AM PST · by SeekAndFind · 44 replies · 1+ views
    Motley Fool ^ | 02/14/2012 | Alex Planes
    Greece is burning. Not that this is a new phenomenon. But it sounds so sinister, so ominous.When you find out why it's burning, it becomes a tragicomedy. The Greek government -- led by unelected economist Lucas Papademos -- promises to slash the safety net of many Greek citizens for a big sack of bailout money. Ordinary Greeks, whose futures are being mortgaged, are very angry. Things burn. Then everyone goes home and waits for the money to arrive.The process repeats with such frequency that a lengthy Wikipedia page has sprung up to catalog each outburst, hence the tragicomedy. And why...
  • Europe: We've Done All We Can, Now It's America's Turn To Help

    02/13/2012 3:03:26 PM PST · by SeekAndFind · 33 replies
    Zero Hedge ^ | 02/13/2012 | Tyler Durden
    Cue the fireworks in 3...2...1... FRIEDEN EUROPEANS CAN'T DO MUCH FOR GREECE BEYOND AGREEMENT - BBGFRIEDEN: GREECE NEEDS STRUCTURAL REFORMS, SHORT-TERM FINANCING - BBGFRIEDEN: GREECE HAS HISTORY OF PROBLEMS IMPLEMENTING DECISIONS - BBG And... drumroll please: FRIEDEN SAYS HE WISHES U.S. MORE INVOLVED IN STRENGTHENING IMF - BBG Translation: Hey America, we've done all we can, now it's your turn to sustain the Ponzi. Because if we go, you go.The upside: think of just how much faster the latest and gratest $16.4 trillion debt target will be breached if America simply issues Greek bonds with a US guarantee. Like...
  • It’s All Over For Greece According to Bob Chapman

    02/09/2012 8:56:35 AM PST · by appeal2 · 16 replies
    www.KerryLutz.com ^ | 02/09/2012 | Kerry Lutz
    Bob Chapman, The International Forecaster, is back again discussing the imminent departure of Greece from the Euro. While it may seem extremely painful and destructive for now, in the long run it will be a plus. They won't be able to borrow money, which will force them to produce more at home and to build a sustainable economy. They will be on a COD basis with the rest of the world, but perhaps the Chinese and Russians will extend them some credit. And may be GE Capital will come to their rescue. Whenever there's a high profile bankruptcy stateside, GE...
  • Farewell to the Free Market? Western governments have compounded the economic crisis by...

    02/08/2012 6:01:09 PM PST · by neverdem · 6 replies
    City Journal ^ | Winter 2012 | Nicole Gelinas
    Western governments have compounded the economic crisis by rejecting the one force that can end it.In the years leading up to 2007, the rules necessary to govern a flourishing market economy broke down, producing a financial and economic crisis. Rather than responding to the crisis by fixing those rules, the West aggressively repudiated market economics, and the repudiation continues to this day. Through their actions, which have lately involved everything from European debt to the American financial system to house prices in Britain, government officials around the world have revealed a disturbing assumption: that they can decide how to allocate...
  • Economic Chaos Ahead

    02/08/2012 4:16:52 AM PST · by Kaslin · 49 replies
    Townhall.com ^ | February 8, 2012 | Walter E Williams
    Let's think about the kind of mess that we're in. Federal 2010 Medicare and Medicaid expenditures totaled $800 billion. The projected annual growth of both programs is about 7 percent. Social Security expenditures are more than $700 billion a year. According to the 2009 Social Security and Medicare trustees reports, by 2030, 49 percent of federal revenues will go for Social Security and Medicare payments. The unfunded liability of both programs is already $106 trillion.But not to worry. The Congressional Budget Office estimates that it's possible to sustain today's level of federal spending and even achieve a balanced budget. All...
  • Down, Not Out, in Paris as Crisis Whittles Away Welfare State

    02/08/2012 10:25:50 AM PST · by Cincinna · 8 replies
    SF Gate ^ | February 8, 2012 | Vidya Root   
    On a crisp, cold day last month, Inaya, an unemployed former Ikea manager, waited with about 100 people in a large, dingy hall at Credit Municipal de Paris to pawn a Gucci bag and some jewelry. Out of work for two years, Inaya, 35, sporting a tweed jacket and dark pants, was tapping the broker for cash for the first time as her unemployment benefits dwindled. "The structure of the French welfare state is such that you don't see acute poverty, but the model has reached its limit," said Philippe Chalmin, a professor at Universite Paris Dauphine. "It's clear France...
  • 'Merkozy' tells Greece to put earnings into special fund to make sure it pays off debt...

    02/06/2012 7:29:22 AM PST · by C19fan · 3 replies
    UK Daily Mail ^ | February 6, 2012 | Lee Moran
    France and Germany has controversially told Greece it should place state revenues into a separate fund so it can pay off its crushing debt - to avoid bankruptcy and prevent the crash of the single currency. French President Nicolas Sarkozy told a Paris news conference, with German Chancellor Angela Merkel, that Greece's new leaders must also 'take their responsibility'.
  • 20 Signs That Europe Is Plunging Into A Full-Blown Economic Depression

    01/29/2012 10:52:47 PM PST · by blam · 49 replies
    20 Signs That Europe Is Plunging Into A Full-Blown Economic DepressionJanuary 30, 2012 An economic nightmare is descending on Europe. With each passing month, the economic numbers across Europe get even worse. At this point it is becoming extremely difficult for anyone to deny that Europe is plunging into a full-blown economic depression. In fact, some parts of Europe are already there. In Spain the overall unemployment rate is over 22 percent, and in Greece one out of every five retail establishments has already been closed down. All over Europe, economic activity is rapidly slowing down, unemployment is skyrocketing and...
  • As French Vote Nears, Sarkozy Is Haunted by Grim Economy

    01/16/2012 6:15:36 PM PST · by Cincinna · 8 replies
    The New York Times ^ | January 15, 2012 | STEVEN ERLANGER
         As President Nicolas Sarkozy contemplates his race for re-election, with the first round of voting 100 days away, he is confronted with an economy reeling from the euro crisis and nearly zero growth. France has just lost its AAA credit rating and must cut government spending. The unemployment rate is 9.9 percent, a 12-year high, and rising. The loss of the treasured AAA rating, while expected, was a blow to France’s status in Europe, making it seem less like a power than a problem. The downgrade makes it harder for France to pretend to be Germany’s equal in leading...
  • EU commission: 'We know better than ratings agencies'

    01/16/2012 11:09:51 AM PST · by Olog-hai · 7 replies
    EU Observer ^ | 2012.01.16 @ 14:00 | Andrew Rettman
    The European Commission has claimed it has secret information about the positive state of EU countries' finances, following a shock downgrade of core member states. Commission spokesman Olivier Bailly made the statement at a regular press briefing in Brussels on Monday (16 January), two days after US-based agency Standard & Poor's (S&P) downgraded nine EU countries, including France. "We have more information than the ratings agencies and we think there are elements missing in their analysis ... We have monthly updates from member states. We share this information on a confidential basis. The ratings agencies do not have this information,"...
  • Just Say Nein - Bundesbank On European QE: "Abandon The Idea Once And For All"

    01/16/2012 1:55:44 PM PST · by King_Corey · 5 replies
    Zero Hedge ^ | 01/16/2012 | Tyler Durden
    While it will hardly come as a surprise to many that after making it abundantly clear that Germany is in total disagreement with ECB monetary policies, culminating in the departure of Jurgen Stark from the European central printing authority, Germany will not permit irresponsible, Bernanke-esque monetary policies, it probably should be noted that even following the most recent escalation of adverse developments in Europe, which are now on the verge of unwinding the entire Eurozone and with it the affiliated fake currency, that the German central bank just said that any European QE could only come over its dead body....
  • Ranting Andy Tells Kerry Lutz Europe is Toast

    01/16/2012 1:10:05 PM PST · by appeal2 · 4 replies
    www.KerryLutz.com ^ | 01/16/2012 | Kerry Lutz
    Miles Franklin’s reigning precious metals guru Ranting Andy Hoffman told us today that Europe’s economic system is toast. There’s no way for the weaker economies to make a comeback and pay down all the debt they’ve accumulated over the past several decades. More importantly to us New Yorkers, however, is that the NY Giants defied conventional wisdom and the prognostications of the clueless mainstream media and defeated the Green Bay Packers. While I know that this is a disappointment to many of my Wisconsin friends, family and fans, nonetheless it made it easier to wake up this morning and come...
  • As Reforms Flag in Greece, Europe Aims to Limit Damage ("I am Shocked" moment)

    01/16/2012 6:57:41 AM PST · by C19fan · 10 replies
    New York Times ^ | January 15, 2012 | Rachel Donadio and Niki Kitsantonis
    As Greece and its lenders prepare for another week of tense negotiations, European officials now say that the task is less to help the country through its troubles than to avoid the sort of uncontrolled default that many experts fear could threaten the global financial system. Officials from the so-called troika of foreign lenders to Greece — the European Central Bank, European Union and International Monetary Fund — have come to believe that the country has neither the ability nor the will to carry out the broad economic reforms it has promised in exchange for aid, people familiar with the...
  • IT'S OFFICIAL: S&P ANNOUNCES MASS DOWNGRADE OF EUROZONE COUNTRIES

    01/13/2012 2:25:57 PM PST · by SeekAndFind · 26 replies
    Business Insider ^ | 01/13/2012 | Eric Platt
    Standard & Poor's has officially cut the long-term credit rating of France and eight other Eurozone nations. Italy, Portugal, Cyprus, and Spain saw two notch downgrades, while Austria, France, Malta, Slovakia, and Slovenia were dropped one level. The ratings agency reiterated its ratings on Belgium, Estonia, Finland, Germany, Ireland, Luxembourg, and the Netherlands. Standard & Poor's has taken all 16 nations off of CreditWatch, which indicates a coming adjustment. However, the company has left 14 of the countries, including Italy and France, on negative outlook. Slovakia and Germany were the only two to move to stable outlooks. The move by...
  • German Debt Yields Turn Negative

    01/09/2012 9:06:47 AM PST · by buzzer · 4 replies
    wsj ^ | JANUARY 9, 2012, 8:14 A.M. ET | By EMESE BARTHA And NEELABH CHATURVEDI
    FRANKFURT—Germany paid a negative yield to investors at a debt auction for the first time in its history Monday, underscoring the haven appeal of German debt as the European debt crisis continues. In contrast, yields on French Treasury bills climbed from the previous sale, indicating that investors have more unease over French debt, with concerns rising that the euro zone's second-largest economy may soon lose its cherished triple-A rating. Germany joins Switzerland and the Netherlands in having negative yields at auctions. The pile of assets deemed to be safe is shrinking and investors are so nervous about the potential loss...
  • Italian Prime Minister Mario Monti: 'The euro is not in crisis'

    01/08/2012 7:40:34 PM PST · by bruinbirdman · 16 replies
    The Telegraph ^ | 1/9/2012
    Italian Prime Minister Mario Monti on Sunday rejected talk of a euro crisis and said Rome was open to the idea of a tax on financial transactions championed by France - but only if the measure was part of an EU-wide effort. "The euro is not in crisis, the currency has solidly maintained its exchange rate with the dollar," Monti said on RAI 3 public television, adding that Italy's "banking system is not under threat". "The problem we are facing is that some EU countries have a public debt crisis," he said. "Our crisis is a systemic crisis." Monti, a...
  • Will the euro crack in 2012?

    01/06/2012 11:38:40 AM PST · by bruinbirdman · 2 replies
    The Telegraph ^ | 1/6/2012 | Mats Persson
    The euro is in such a poor state that asking this question has become almost cliché. In truth, as the crisis is overwhelmingly about erratic domestic politics, it’s absolutely impossible to predict when the euro will bite the dust. What’s clear is that in the absence of some sort of fiscal union (likely to be collective borrowing amongst euro states in return for German-style budget rules), the single currency is doomed in the long-term. In the short term, however, there is still scope for plenty of muddling through – which is to say that there’s a strong chance that the...
  • Soros says EU break-up would be catastrophic: report

    01/06/2012 10:01:45 AM PST · by NormsRevenge · 10 replies · 1+ views
    Yahoo ^ | 1/6/12 | Sumeet Chatterjee - Reuters
    (Reuters) - A collapse of the euro and break-up of the European Union would have catastrophic consequences for the global financial system, billionaire investor George Soros was quoted as saying. "Today, the euro is potentially endangering the political cohesion of the European Union," .. "If the common currency were to break down, it will lead to the break up of the European Union itself. And this will be catastrophic not only for Europe but also for the global financial system." The euro zone crisis is "more serious and more threatening than the crash of 2008," the Economic Times reported, quoting...