Hard hitting global and local news
Originally posted here: US Household Debt Climbs by Most Since 2007, Mortgage Debt Leads the Way; Annually Student Debt and…
See original article: JPMorgan’s $13 Billion "No Admission of Wrongdoing" Settlement (and a $7 Billion Tax Deduction)
View article: Bank of Spain "Discovers" €20.50 Billion in Hidden Non-Performing Loans; Bank of Spain Translated
California passed Proposition 99 in 2008.
Please consider these Google-translated snips from the Libre Mercado report Wolfgang Schäuble supports Rajoy’s policies and Cites "impressive" Results of the Spanish reforms . Schäuble is convinced that "Spain has made enormous progress in recent years under the Government of Mariano Rajoy". So much so that now Spain "has a strong economy, reduced labor costs, has significantly increased its exports and has done a good job in restructuring its banking sector, also after the trial of the Troika"
Continued here: Another Warning Call for Depositors! Bank of Spain Says Spanish Banks Need €10bn More Loan Loss Provisions; Mish…
La Stampa reports 450,000 Businesses Shut Down in Italy in Three Years . In just three years, from 2010 to 2012, about 450,000 companies closed with a loss of over 300,000 jobs, while the Italians caught up in terms of wear [usurious loans] increased to 600,000.
More: No Greek Deal; Talks Postponed Till Monday; Who Blinks First?
Today we learned from El Pais English edition that Brussels Revises Spain’s Deficit Upward to 9.4% of GDP The European Union’s statistics office, Eurostat, on Monday said it had revised Spain’s public deficit for last year upward from 8.5 percent of GDP to 9.4 percent to reflect state injections of capital into nationalized banks. That put Spain on a par with Greece and only behind Ireland, whose shortfall was 13.4 percent of GDP, in the EU