March 28, 2013
Rational Reason to Panic; Hot Money Blues; Right for the Wrong Reasons
View original post here: Rational Reason to Panic; Hot Money Blues; Right for the Wrong Reasons
Hard hitting global and local news
Hard hitting global and local news
View original post here: Rational Reason to Panic; Hot Money Blues; Right for the Wrong Reasons
Here’s one for the thick book of EU lies and hypocritical statements " Deposit guarantees only protect against bankruptcy, not levies " Guarantees on deposits in the European Union are only there if a bank completely collapses, and does not protect from fiscal steps decided by parliaments, the European Commission said on Tuesday, defending a decision to impose a levy in Cyprus. Excuse Me! What are the Cyprus banks, if not shutdown, collapsed, and bankrupt
The pertinent question for today is “How many lies will people believe?” I ask that because a German government spokesman says The compulsory levy to pay the depositors in Cyprus, was a special case as Merkel guarantees German deposits for the first time since 2008. The compulsory levy to pay the depositors in Cyprus, is a “special case”, says the Chancellor.
Continued here: Eurozone Unemployment Hits Record High 11.8%; Spain 26.6%; Greece 26%; Youth Unemployment top 56% in Greece and Spain
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Continue Reading: European Industrial Production Plunges 2.3 Percent; Greece GDP Plunges 7.2 Percent
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