Hard hitting global and local news
In a interview yesterday on Zeit Online, Greek finance minister Yanis Varoufakis admitted the obvious truth: "I’m the Finance Minister of a Bankrupt Country" . It took an amazing amount of time to admit the obvious truth, but the important point is the truth is finally on the table. Effectively, Greece finally admitted that it has no more funds to pay the bully
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Because of increase strength in the Krone and speculation Denmark would abandon its peg, Danish central Bank Slashes Rates to -20bps . The central bank in Copenhagen lowered its deposit rate to minus 0.2 percent from minus 0.05 percent, according to a statement today. The lending rate was cut to 0.05 percent from 0.2 percent.
Read this article: Enter the Carpetbaggers: Ukraine’s New Finance Minister a US Citizen, New Economy Minister from Lithuania
Tweet Somebunny on the inside has been feeding the Guardian drafts of the G20 communiques. Â The part on climate change started out a week ago as We support strong and effective action to address climate change, consistent with sustainable economic growth and certainty for business and investment.
View article: France Fesses Up: "Deficit in 2014 Much Higher than Expected", Budget Needs Revisions Yet Again
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Bloomberg reports Japan Says Bitcoin Not Currency Amid Calls for Regulation .
Financial Times blogger Peter Spiegel asks Will Ukraine Aid Come Quickly Enough?