Hard hitting global and local news
Continue Reading: Regrets Pour In; Cyprus Parliament Passes Bailout Plan; Will Her Highness Approve?
Backing up what Ambrose Evans-Pritchard said with hard data, the Italian site Il Sole 24 Ore reports New Fall in Bank Lending to Households and Businesses . Loans to businesses and non-financial families continue to face strong decrease
Sticking with his economically insane campaign promise to construct 500,000 new homes in 2013, Hollande Announces 20 Measures to Support Home Building . Advocating a “confidence shock” to revive the building “against the Emergency Economic, social and environmental” the head of state has shown its desire to remove “all obstacles to construction”, while there was about 340,000 starts of new homes in 2012, below the target of 500,000.
Le Monde Headline "No, France is Not Bankrupt" This amusing headline story by Bruno Moschetto, a professor of economics at the University of Paris in the French newspaper Le Monde has me laughing out loud this morning: " No, France is Not Bankrupt " No, France is not bankrupt …
Read More: Spanish Firm Markets Mattress With Built-In Safe
If you need a break from money supply, jobs, Cyprus, France, Europe in general, or housing (who doesn’t) I have a wonderful visual diversion that is literally “out of this world”. You can Watch the Aurora Borealis from an International Space Station that captures otherworldly famous lights.
Cyprus Conservative Opposition Parliamentary Member Says "If No Solution Soon, Print Cyprus Pounds and Abandon the Euro" Posted by Michael Shedlock at 11:28 PM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice.
From the library of genuine news, Reuters reports Cyprus parliament rejects deposit tax for bailout . Cypriot lawmakers overwhelmingly rejected a deeply unpopular tax on bank deposits on Tuesday, throwing into doubt an international bailout for the troubled euro zone member needed to avert default and a banking collapse
Here’s one for the thick book of EU lies and hypocritical statements " Deposit guarantees only protect against bankruptcy, not levies " Guarantees on deposits in the European Union are only there if a bank completely collapses, and does not protect from fiscal steps decided by parliaments, the European Commission said on Tuesday, defending a decision to impose a levy in Cyprus. Excuse Me! What are the Cyprus banks, if not shutdown, collapsed, and bankrupt
Inquiring minds are wondering about the terms of the bailouts imposed upon citizens of Cyprus. I am one of them. In Cyprus Details: Blackmail, Bulldozer Threats, Bank Holiday to Tuesday; Reflections on Arrogance and Idiocy , I made the claim that Cyprus depositors need not be liable for any of this