Hard hitting global and local news
View article: Germany’s Net Foreign Assets Exceed €1 Trillion; 10 Compete Failures of the Eurozone
View original post here: Rational Reason to Panic; Hot Money Blues; Right for the Wrong Reasons
See original article: Slovenia Under Pressure; Risk of Next Cyprus Already at Hand
As reported by Yahoo! Fiance ,Roubini stated ECB must cut rates or risk crisis again The bank would act eventually to avoid the recession getting worse, but risked doing "too little, too late," Roubini said in an interview with CNN’s Nina dos Santos. "They have to cut the policy rate, they have to stimulate the economy, they have to try to weaken the value of the euro," said Roubini, who was credited with predicting the financial crisis of 2008. "The euro should be 10, 20 or even 30% weaker to restore the competitiveness of the [eurozone] periphery," Roubini said
Read the article: Think Fast, An Angry Hungry Mob of Urban Warfare Gangsters . . .
See the original post: Greek Official Sends 2000 Cases of Fraud and Embezzlement of Public Money to Authorities, Zero Results
Link: Greece Law-and-Order Problem Escalates; Bomb Explodes at Athens Mall; AK-47 Shots Hit Ruling Party Headquarters; Worst Not Over
More Nannycrat Insanity: EU Wants to Ban Youth Unemployment Youth unemployment is shockingly high in Greece, Spain, and Italy as shown by Europe’s Most Tragic Graph by The Atlantic . Young workers in Greece and Spain are facing an absolutely egregious work drought, where half of high-school and college-graduates ready to find a job aren’t finding one
Excerpt from: Market Yawns as Greek Debt Deal Finalized; Deal? What Deal? Why Does it Even Matter?