Pettis: Spain Needs to Debate Leaving the Euro; Tooth Fairy Economics
• Mike ShedlockMichael Pettis has a very interesting article on the Spanish news site ABC regarding a possible default of Spain and the eventual breakup of the eurozone.
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Michael Pettis has a very interesting article on the Spanish news site ABC regarding a possible default of Spain and the eventual breakup of the eurozone.
Political uncertainty in Athens is triggering turmoil in the continent's nervy markets.
Once in a blue moon officials commit truth in public, but the intrepid leader of Germany's central bank has delivered a speech which let's loose of three of them in a single go.
STOCKHOLM: Sweden's new centre-left government will recognize the state of Palestine in a move that will make it the first major European country to take the step, Prime Minister Stefan Lofven said on Friday.
Broad European stocks plunged into the red for 2014 today as a rattled Mario Draghi disappointed a hungry-for-more risk market.
As Mario Draghi promised, here are the full details of the ECB's asset-backed securities and covered bond purchase programs, as prepped by Blackrock.
On September 4, ECB President pulled out a financial bazooka including a pledge to build up the ECB's balance sheet by another €1 trillion.
'A few days ago I studied the names of the EU commissioners under Mr Juncker, and their portfolios. We in my country say that 16 is already too high for having meaningful portfolios. But the EU now has 28, more than in any country
The suppression of gold prices is essential at all costs to the Anglo-American banking interests. The saber rattling and attempts to lure Russia and China into military conflict are about who controls the financial world.
With a ramp up in fearmongering led by financial institutions and every UK political party, the preliminary votes indicate Scottish Anti-Independence Campaign Poised for Victory in Vote.
The news, video and comment as Scotland votes in an independence referendum
Scotland and England have not always shared the Pound, and some say a stable currency is Scotland's biggest stumbling block to independence. Historically, Scot money has been more stable anyway.
Price Deflation Hits Italy First Time in 55 Years
NEWPORT, Wales—Seeking to counter Russian aggression, NATO leaders approved plans Friday to post several thousand troops in Eastern Europe who could quickly mobilize if an alliance country in the region were to come under attack. NATO Secretary
We have been warning that the Scottish separation was something to take seriously since the Berlin Conference in 2012.
We have been warning that the Scottish separation was something to take seriously since the Berlin Conference in 2012.
Curious why everything is being bought in the aftermath of last week's ECB's unprecedented announcement, and both bonds and stocks are either at or just shy of record highs ignoring completely the worst US nonfarm payroll print of 2014? JPM's Nikolao
ECB Meets in Frankfurt
The European Central Bank meeting on Thursday is the prime event for markets seeking clarity on the bank's response to a stalled recovery, disappearing inflation and the sluggish pace of reform in the euro zone.
Last Saturday, Angela Merkel went to Kiev to pledge increased financial and political support for the coup-installed regime's war against separatist forces in the eastern and largely Russian-speaking part of Ukraine.
According to the 1990s Japan script, European QE is just what the doctor ordered to raise growth and inflation expectations... oh wait...
Et Tu, Mullah?
Nothing speaks more greatly of how far America has devolved that this cowardly abandonment of our kindred fellows.
Mr. Boyle says "his advice to Vladimir Putin" would be to trump the European sanctions by cutting off all gas supplies to Europe "completely and immediately".
In a typical Judo move, Putin has used the momentum of the the West's Russia-basing and Putin-bashing campaign to his advantage across the board: Russia will benefit from this economically and politically.
The sanctions retaliation game took another big leap forward today with the EU in the spotlight:
The European Union agreed for the first time on Tuesday to impose broad sanctions against Russian oil companies, banks and defense firms, by far the strongest international action yet over Moscow's support for rebels in eastern Ukraine.
There is hope.
Just how independent is the European Union? Given recent events involving the United States and its European allies, one really must wonder.
Regulation desirable but way too hard