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Follow this link: Bailout Fallout: Juncker Lies to Cameron in Revival of EFSM; British Taxpayers Protected in Final Deal
On January 25, 2008, the ECRI claimed There Is A Window of Opportunity for the US Economy . The U.S.
Bailout Fallout: Juncker Lies to Cameron in Revival of ESM; British Taxpayers Protected in Final Deal In 2010, Jean-Claude Juncker, current European Commissioner president, made a pledge to UK Prime minister David Cameron, to never again use the ESM to bail out another eurozone country. Cameron’s concern was that he did not want to put British taxpayers at risk for eurozone sponsored bailouts.
More: China Denies its GDP is Inflated; Chinese Stocks Resume Plunge With 3% Slide; Business Outlook Index Drops to Record…
Deflationary Pressures Unabated; Another One-Hit Wonder; Transitory Tales Another One-Hit Wonder In spite of counterproductive attempts by the Fed and Central Banks to foster price inflation, debt overhang has stymied those efforts, at least in regards to consumer prices and import/export prices. Last month, following a surge in gasoline prices, import and export prices did rise a bit, but as with retail sales, the import/export price report was another "one-hit wonder"
Retail Sales Unexpectedly Sink Below the Lowest Economist’s Estimate; September Hike? Really?
“They crucified Tsipras in there,†a senior eurozone official who had attended the summit remarked. “Crucified.†Demolition of Eurozone Project With crucifixion of Tsipras, and more importantly of the Greek people, Wolfgang Münchau accurately assesses the developments this way: Greece’s Brutal Creditors Have Demolished the Eurozone Project . A few things that many of us took for granted, and that some of us believed in, ended in a single weekend.
There was no agreement on Saturday or so far today.
Read More: "Bold Proposal" to Screw European Taxpayers Again
Continued here: German Finance Minister Proposes Greece for Puerto Rico Trade: Should US Accept the Offer?