Tag: government

BOMBSHELL: US Neo-Cons, State Department Behind Terror Wave in Russia
August 22, 2012 0

BOMBSHELL: US Neo-Cons, State Department Behind Terror Wave in Russia

By News Desk

View Larger Map Map : The Caucasus Mountains in southern Russia – bordering Georgia and Azerbaijan – close to Turkey, and flanked by the Black and Caspian Seas on either side. The region has seen fierce fighting as Al Qaeda affiliated militants have attempted to carve from Russia an "Emirate." Research has revealed that the US has played a pivotal role, as it has in Syria , in fomenting the violence

Greece Shortfall Rises another €2.5 Billion to €14 Billion; Proposed Solution is Zero Interest Rate on Emergency Loans
August 21, 2012 0

Greece Shortfall Rises another €2.5 Billion to €14 Billion; Proposed Solution is Zero Interest Rate on Emergency Loans

By News Desk

No one should be surprised to learn Greek Shortfall Growing Ever Larger Athens has not been having an easy time coming up with the €11.5 billion in cost cutting measures over the next two years it has promised Europe. Indeed, Greek Prime Minister Antonis Samaras is reportedly set to request an additional two years to make those cuts during meetings later this week with German Chancellor Angela Merkel on Friday and French President François Hollande on Saturday. But according to information obtained by SPIEGEL, the financing gap his country faces could be even greater.

Bundesbank Criticizes "Potentially Unlimited" Bond Buying Rate Cap Proposal; ECB Denies Discussion "Yet"
August 20, 2012 0

Bundesbank Criticizes "Potentially Unlimited" Bond Buying Rate Cap Proposal; ECB Denies Discussion "Yet"

By News Desk

Bloomberg reports Bundesbank Widens Euro Rift With Criticism of ECB Bond Plan . Germany’s Bundesbank stepped up its criticism of the European Central Bank’s plan to embark on potentially “unlimited†government bond purchases, widening a rift over how to tackle the sovereign debt crisis.“The Bundesbank holds to the opinion that government bond purchases by the Eurosystem are to be seen critically and entail significant stability risks,†the Frankfurt-based central bank said in its monthly report today. The new program “could be unlimited†and decisions about potentially far greater sharing of solvency risks should be taken by governments or parliaments, not by central banks, it said

ECB Considers Interest Rate Caps; Can Such a Scheme Possibly Work?
August 19, 2012 0

ECB Considers Interest Rate Caps; Can Such a Scheme Possibly Work?

By News Desk

Here is a link to a translated article in Der Spiegel: ECB is planning to challenge interest rate speculation The European Central Bank (ECB) is considering to establish in its future bond purchases interest rate levels for each country. Thus, they would state papers of the crisis countries always buy when interest rates exceed a certain impact on their yields German Bunds.