Tag: european

Netherlands on Edge of Economic Crisis; Unemployment Surges as Home Prices Collapse
April 21, 2013 0

Netherlands on Edge of Economic Crisis; Unemployment Surges as Home Prices Collapse

By News Desk

Netherlands is underwater in more ways than one. Der Spiegel reports Underwater: The Netherlands Falls Prey to Economic Crisis More than a decade ago, the Dutch central bank recognized the dangers of [the housing] euphoria, but its warnings went unheeded. Only last year did the new government, under conservative-liberal Prime Minister Mark Rutte, amend the generous tax loopholes, which gradually began to expire in January.

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 "

Key to Peace in Korea – Remove US Presence
April 13, 2013 0

Key to Peace in Korea – Remove US Presence

By News Desk

Links Key to Peace in Korea – Remove US Presence April 14, 2013 ( AltThaiNews-Tony Cartalucci ) – On March 26, 2010, the ROKS Cheonan is hit by what appears to be a German-made torpedo , sinks while claiming the lives of 46 South Korean sailors. The world, America at the lead, was quick to point its finger at North Korea before South Korea itself ruled them out as a suspect. North Korea adamantly insisted it was not behind the attack, and despite their paranoid and isolated posture, little beyond insanity could serve as a motive.Despite evidence adding up otherwise, to no one’s surprise a joint "international" investigation by the US, UK, South Korea, Australia, Canada, and Sweden would later conclude that a North Korean submarine was the culprit, leaving even most South Koreans skeptical.During this period of time, America’s position in Asia Pacific was already waning

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.

Netherlands, the Next Chip to Fall?
April 7, 2013 0

Netherlands, the Next Chip to Fall?

By News Desk

First consider Underwater: The Netherlands Falls Prey to Economic Crisis . The Netherlands, Berlin’s most important ally in pushing for greater budgetary discipline in Europe, has fallen into an economic crisis itself