EMerging Equity
Crisis
The Bankruptcy Of The Planet Accelerates: 24 Nations Are Currently Facing A Debt Crisis
By Michael Snyder There has been so much attention on Greece in recent weeks, but the truth is that Greece represents only a very tiny fraction of an unprecedented global debt bomb which threatens to explode at any moment. As you are about to see, there are 24 nations that are currently facing a full-blown … Continue reading
Financial Collapse: Greece Today, America Tomorrow?
Now that Eurozone leaders have agreed to provide Greece with a new bailout, the economic crisis has seemingly been averted. But as former U.S. presidential candidate Ron Paul points out, this resolution is only a temporary fix, another “crisis is inevitable,” and it could mirror the United States’ own demise. By Ron Paul (originally published July … Continue reading
The ‘Greek Debt Deal’ Is Already Starting To Fall Apart
By Michael Snyder The “deal that was designed to fail” has already begun to unravel. The IMF, which was expected to provide a big chunk of the financing, has indicated that it may walk away from the deal unless Greece is granted extensive debt relief. This is something that the Germans and their allies have … Continue reading
Why NATO Is Fearing A ‘Grexit’
By Sputnik News With Greece tottering on the brink of leaving the Eurozone, experts of all stripes have been debating Grexit’s security implications, including Athens’ relationship with NATO. While naysayers argue that the geopolitics behind Grexit “are actually pretty boring,” others warn that the implications for the bloc could be far more serious. Over the … Continue reading
“Guerrilla Warfare Against A Hegemonic Power”: The Challenge And Promise Of Greece
By Ellen Brown Banks create money when they make loans. Greece could restore the liquidity desperately needed by its banks and its economy by nationalizing the banks and issuing digital loans backed by government guarantees to its ailing businesses. Greece could provide an inspiring model of sustainable prosperity for the world. But it is being … Continue reading
Behind Germany’s Refusal To Grant Greece Debt Relief – Op-Ed In The Guardian
Originally posted on Yanis Varoufakis:
Tomorrow’s EU Summit will seal Greece’s fate in the Eurozone. As these lines are being written, Euclid Tsakalotos, my great friend, comrade and successor as Greece’s Finance Ministry is heading for a Eurogroup meeting that will determine whether a last ditch agreement between Greece and our creditors is reached and whether…
European Leaders Promise The Greek Debt Crisis Will Be Resolved One Way Or Another On Sunday
The wait will soon be over. Greece submitted a final compromise plan to its eurozone creditors on Thursday, European finance ministers will meet on Saturday to discuss the proposal, and an emergency summit of all 28 EU nations on Sunday will make a final decision on what to do. The summit on Sunday is being … Continue reading
As China’s Market Plunge Continues, $1.4 Trillion Locked As Companies Suspend Trade To Avoid Further Losses
As markets in China continue to come crashing down, following their entrance into a bear market last Monday, and a continued fall which has erased over $3.2 trillion in value — more than Brazil’s gross domestic product (GDP) or twice the size of India’s entire stock market, Chinese companies have found a solution to avoid further losses: suspend trading. Amid … Continue reading
What It Would Take To Rule Greece’s Debt Void
By Stratfor Global Intelligence The Greek Audit Committee on Public Debt released its preliminary findings June 18, concluding that Greece’s public debt is “illegal, illegitimate and odious.” The report emerges at a fraught time in Greece’s negotiations with its creditors: Athens is pushing for debt relief that the Europeans are unwilling to grant, though the … Continue reading
Lawrence Solomon: Russia’s Grentrance
Originally posted on Financial Post:
If Greece leaves the eurozone, Russia will enter it, casting a chill over Europe The world is focused on the immense implications of a Grexit, or an exit of Greece from the European Union. It might also consider the immense implications of a Grentrance, or an entrance into Greece of…
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