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View original post here: Proposal to Leverage ESM to 2 Trillion Euros; Is Merkel’s Rubber Stamp Ready?
More here: Government Debt Held by Spanish Banks Doubles in Seven Months; Deleverage? What Deleverage?
See more here: Spain’s Social Security Fund Runs Out of Money; Full Sovereign Bailout Hits €300 Billion; Breathtaking Implosion in…
In a case of Dutch Discontent, Socialists Ride Wave of Anti-EU Sentiment The economy is in trouble and unemployment is rising — in the Netherlands as in much of the rest of Europe. Ahead of upcoming elections, the Socialists are riding a wave of euro-skepticism and may emerge as the strongest political force in the country. According to the polls, [Emile Roeme] the former elementary school teacher could become the next prime minister of the Netherlands
See original article: I’d seriously like to make a Wall Street Journal Daily LaughAlong App
View article: ECB Slated to Become "Currency Forger of Europe"; Merkel, the "Teflon Chancellor"
Pettis on Debt, Currency Wars, Commodity Prices and Capital Flight; China FDI Contracts 8.7% YoY, 8th Drop in 9 Months The much-denied hard landing in China is now underway with weakening data everywhere one looks.
Originally posted here: Germany 6% Current Account Surplus a "Threat to the Continent" Says EU Commission; Solution is Gold Coupled…
Der Spiegel has published an inane article about Europe’s 10 Most Dangerous Politicians . Top 10 List Markus Söder , Bavarian Finance Minister: The politician from the Christian Social Union, the conservative sister party to Chancellor Angela Merkel’s Christian Democratic Union, is known for his tub-thumping rhetoric and has stepped up a gear in the euro crisis with vitriolic comments about Greece
Problem in Europe is Arithmetic, Not Confidence; Why the Eurozone Cannot Possibly Survive Intact Via email, Michael Pettis at China Financial Markets makes a compelling case why Spain is destined to leave the euro. For ease in reading, I added the subtitles in bold