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Goldman Secret Greece Loan Reveals Sinners
Greece’s secret loan from Goldman Sachs Group Inc. (GS) was a costly mistake from the start. On the day the 2001 deal was struck, the government owed the bank about 600 million euros ($793 million)...
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Currency war update
Faber Exposes Unprecedented Perils of Our Currency Crisis Posted by Brittany Stepniak – Tuesday, March 20th, 2012 According to Dr. Faber, there are some rather dire unintended consequences associated...
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London property owned by Greeks & Italians has doubled YoY, +163% in sales
With their economies floundering, wealthy Greeks and Italians are desperate to get their euros away from the local taxman, to the delight of London’s estate agents. London is sometimes referred to as...
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Ministers actions over EU payments could open them to criminal prosecution....
The Sunday Telegraph gives much prominence to a story this morning, on the front page of its electronic edition, to a report from a parliamentary committee that is about to start properly uncovering...
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GREECE EXCLUSIVE: Electoral stalemate brings new Troika pressure to install...
As read on The Slog Sources in Athens were convinced this afternoon that elements within the EU/IMF/Berlin Troika were behind a flood of media articles in Greece over the last two days concerning the...
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Is There No Escape from the Euro?
From http://mises.org/daily/6009/Is-There-No-Escape-from-the-Euro As I discussed recently, the costs and risks of maintaining the eurozone system are already immense and rising. So is an exit possible?...
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“Once A Liar, Always A Liar”: The Incredible (Un)Truth About Italy, Greece,...
Submitted by Tyler Durden The must read article from Spiegel.de: Operation Self-Deceit: New Documents Shine Light on Euro Birth Defects By Sven Böll, Christian Reiermann, Michael Sauga and Klaus...
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New Documents Shine Light on Euro Birth Defects [Der Spiegel]
Newly revealed German government documents reveal that many in Helmut Kohl’s Chancellery had deep doubts about a European common currency when it was introduced in 1998. First and foremost, experts...
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Greece Next Next Steps [Zerohedge]
Submitted by Tyler Durden With the Greek tempest-in-a-teapot about to hit Whale-size, as Tsipras says he will not join the coalition and Venizelos says that Syriza’s participation is a prerequisite...
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‘Merkel and Hollande will do anything to save euro’ [RT]
Despite their major differences, France’s newly-elected leader, François Hollande, and his German counterpart, Angela Merkel, have shown signs that compromise between the eurozone’s largest economies...
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Counting the costs of Grexit [Maxkeiser + Mish]
Once again, I sadly report that Ambrose Evans-Pritchard at The Telegraph hits the nail on the head as to what is happening, yet cannot hit the broadside of a barn with a shotgun from 15 feet in regards...
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Taleb Says Euro Breakup ‘Not A Big Deal’ As U.S. Scariest [Bloomberg]
Nassim Taleb, author of “The Black Swan,” said he favors investing in Europe over the U.S. even with the possible breakup of the single European currency in part because of the euro area’s superior...
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EU Weighs Direct Aid To Banks, Euro Bonds As Crisis Antidote [Bloomberg]
The European Commission called for direct euro-area aid for troubled banks, and touted a Europe- wide deposit-guarantee system and common bond issuance as antidotes to the debt crisis now threatening...
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Berlusconi: Italy should print Euro and Germany should leave.
ROME -(Dow Jones)- Italy should start printing fresh euros and Germany should leave the currency union, former Italian Prime Minister Silvio Berlusconi said Friday, MF-Dow Jones reported. “Here’s my...
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