Tag: alternative

Results, Results, Results
July 27, 2012 0

Results, Results, Results

By News Desk

Today the Financial Times reports Barroso pushes Greece to show results José Manuel Barroso has urged Greece to accelerate reforms after two years of foot-dragging if it wants to stay in the eurozone, saying Athens needed to show “results, results, resultsâ€. The European Commission president, making his first visit to Greece since it sought assistance from the EU and International Monetary Fund in 2010 to avert a sovereign default, stressed that delays in implementing agreed measures had undermined the country’s credibility with its partners, adding: “Actions are more significant than words.†Mr Barroso’s strongly-worded message, delivered after a two-hour meeting with premier Antonis Samaras, came after leaders of the three-party coalition government endorsed in principle a €11.5bn package of spending cuts for 2013-14 that were agreed with creditors six months ago but kept on hold during two successive election campaigns.

Market Soars on "Whatever It Takes" Mush From Draghi; Another "Saved Again" Moment
July 26, 2012 0

Market Soars on "Whatever It Takes" Mush From Draghi; Another "Saved Again" Moment

By News Desk

Let’s take a look at additional Draghi comments as reported in the Financial Times article Draghi hints at return of ECB bond buying The euro strengthened on Thursday after Mr Draghi said the ECB was “ready to do whatever it takes†within its mandate to preserve the single currency. “Believe me, it will be enough,†Mr Draghi told a conference in London.“To the extent that these premia have to do not with factors inherent to my counter party, they come into our mandate, they come within our remit, Mr Draghi said. “To the extent that the size of the sovereign premia hamper the functioning of the monetary policy transmission channels, they come within our mandate.â€â€œThe ECB appears to be keen to increase the threat of the SMP being woken from its hibernation period,†Mr Wattret wrote in a note.

UK GDP Disaster Far Worse Than It Looks; UK Growth in 2012 "inconceivable"
July 25, 2012 0

UK GDP Disaster Far Worse Than It Looks; UK Growth in 2012 "inconceivable"

By News Desk

UK GDP Disaster Far Worse Than It Looks; UK Growth in 2012 "inconceivable" The global recession picked up steam today with news of a UK GDP Shock . The economy shrank by 0.7pc in the second quarter – far more than the 0.2pc fall expected, as record rainfall and the Jubilee holiday added to pressure from austerity cuts and the eurozone debt crisis.

July 25, 2012 0

In Syria – How to "Liberate" a Pro-Army City?

By News Desk

The offensive was coordinated with an assassination bombing and a similar militant assault on Damascus – timed so closely with the UN Security Council vote, the vote was pushed back a day only to be vetoed by Russia and China, with Pakistan and South Africa abstaining in protest of the US-UK backed resolution. It appears that the operation in Damascus was expected to last longer and cause more chaos amongst the ranks of the Syrian military. It also looks like a large psychological operation planned by NATO was attempted, but failed, or pushed back at the very least – one involving the seizing of Syrian broadcasting and replacing it with false reports of the government’s imminent demise.