Tag: alternative

Is Merkel in "Cloud-Cuckoo Land" or Simply a Hypocrite? How About a Chameleon?
April 16, 2013 0

Is Merkel in "Cloud-Cuckoo Land" or Simply a Hypocrite? How About a Chameleon?

By News Desk

Please consider Double Standards: Europeans Are Right to Be Angry with Merkel Chancellor Angela Merkel has tenaciously insisted that austerity is the only way out of the crisis for ailing EU countries. She doesn’t practice what she preaches in Germany, though, which makes growing anger toward her understandable. The question is not about whether Krugman is right when he almost obsessively labels Merkel "dim-witted" and writes that "senior German officials are living in Wolkenkuckucksheim — cloud-cuckoo land." No, it is not the know-it-alls from abroad who spark doubts

Former Portuguese Prime Minister Says "Portugal Cannot Pay Its Debts", Calls for "Argentine-Style Default"
April 13, 2013 0

Former Portuguese Prime Minister Says "Portugal Cannot Pay Its Debts", Calls for "Argentine-Style Default"

By News Desk

Former Portuguese Prime Minister Says "Portugal Cannot Pay Its Debts", Calls for "Argentine-Style Default" It’s rare to hear any bit of common sense from political leaders, but today I have a sterling example. Mário Soares , Prime Minister of Portugal from 1976-1978 and 1983-1985, and the 17th President of Portugal from 1986 to 1996 speaks the truth. Soares says " Portugal Cannot Pay Its Debts "

Liar, Liar, Pants on Fire; Spoon-Fed Demands by the Number
April 12, 2013 0

Liar, Liar, Pants on Fire; Spoon-Fed Demands by the Number

By News Desk

ECB President Mario Draghi says Any Cyprus Gold Sale Must Cover Emergency-Loan Loss European Central Bank President Mario Draghi said the profits of any gold sales by the Cypriot central bank must be used to cover losses it may sustain from emergency loans to Cypriot commercial banks. European creditors today left a possible gold sale in the hands of the Cypriot central bank, which manages 13.9 metric tons of the metal, according to the World Gold Council.“The decision is going to be taken by the central bank,†Draghi said after a meeting of euro-area finance officials in Dublin. “What’s important, however, is that what is being transferred to the government budget out of the profits made out of the sales of gold should cover first and foremost any potential loss that the central bank might have from its ELA.†ELA stands for Emergency Liquidity Assistance, a lifeline that can be offered by national central banks in the euro region to commercial banks that can’t get funding.

EXPOSED: Syrian Human Rights Front is EU-Funded Fraud
April 12, 2013 0

EXPOSED: Syrian Human Rights Front is EU-Funded Fraud

By News Desk

NYT admits fraudulent Syrian human rights group is UK-based “one-man band” funded by EU and one other “European country.” April 12, 2013 (LD) – In reality, the Syrian Observatory for Human Rights has long ago been exposed as an absurd propaganda front operated by Rami Abdul Rahman out of his house in England’s countryside.

Fools in Cyprus to Sell Gold, Hike Corporate Taxes to Finance Small Part of Bailout
April 10, 2013 0

Fools in Cyprus to Sell Gold, Hike Corporate Taxes to Finance Small Part of Bailout

By News Desk

Whether out of complete stupidity or pressure from the IMF or Brussels (I suspect all three) Cyprus to sell around 400 mln euros worth of gold to partially fund its bailout. Cyprus has agreed to sell excess gold reserves to raise around 400 million euros and help finance its part of its bailout, an assessment of Cypriot financing needs prepared by the European Commission showed.