EMerging Equity
Germany
Siemens Wants In On Russian High-Speed Railway Project
Germany’s Siemens has expressed an interest in cooperating with Russia and China to produce rolling stock for the high-speed rail route from Moscow to Kazan. “We may consider a trilateral partnership. We have a joint venture with the Russian Sinara group and excellent relations with China in the area of train production. We have also … Continue reading
The “Bail-In” Template: Bank Deposits That Can Go To ZERO And Capital Controls
By Phoenix Capital Research Canada has joined the “bail-in” posse. Canada will introduce legislation to implement a “bail-in” regime for systemically important banks that would shift some of the responsibility for propping up failing institutions to creditors. The proposed plan outlined in the federal budget released on Tuesday would allow authorities to convert eligible long-term debt … Continue reading
German Response To Negative Interest Rates: Safe Deposit Boxes
By Paul-Martin Foss The Japanese response to negative interest rates was to buy personal safes. The German response is to pull money out of bank accounts and stick it in safe deposit boxes. Both are perfectly understandable reactions to the prospect of having to pay interest to a bank for holding deposits. It is particularly interesting … Continue reading
Preparing For The Euro Dissolution: Germany Keeps Bringing Its Gold Reserves Back From Abroad
German central bank, known as the Deutsche Bundesbank, has already delivered gold valued at approximately 11.5 billion euros to Frankfurt and is planning to bring back 50% of the country’s gold reserves until 2020 according to Sputnik News. President of the Bundesbank Jens Weidmann made remarks today, that Germany accelerated the withdrawal of Germany’s gold reserves from overseas. The central banker noted the following: There … Continue reading
It’s A Revolution: German Banks Told To Start Hoarding Cash
By Simon Black Just stunning. German newspaper Der Spiegel reported yesterday that the Bavarian Banking Association has recommended that its member banks start stockpiling PHYSICAL CASH. Europe, of course, has been battling with negative interest rates for quite some time. What this means is that commercial banks are being charged interest for holding wholesale deposits at … Continue reading
Day Of Reckoning: The Collapse Of The Too Big To Fail Banks In Europe Is Here
By Michael Snyder There is so much chaos going on that I don’t even know where to start. For a very long time I have been warning my readers that a major banking collapse was coming to Europe, and now it is finally unfolding. Let’s start with Deutsche Bank. The stock of the most important … Continue reading
The Stock Markets Of The 10 Largest Global Economies Are Continuing To Crash
By Michael Snyder You would think that the simultaneous crashing of all of the largest stock markets around the world would be very big news. But so far the mainstream media in the United States is treating it like it isn’t really a big deal. Over the last sixty days, we have witnessed the most … Continue reading
There Are Indications That A Major Financial Event In Germany Could Be Imminent
By Michael Snyder Is something about to happen in Germany that will shake the entire world? According to disturbing new intel that I have received, a major financial event in Germany could be imminent. Now when I say imminent, I do not mean to suggest that it will happen tomorrow. But I do believe that … Continue reading
The Eurozone Has Failed Both Politically And Economically
Karl-Friedrich Israel and Jeff Deist discuss the current situation in Greece from Karl’s perspective as a German. Old hostilities between the north and south in Europe are being inflamed, which calls into question the entire purpose of the Eurozone. Would Greece be better off simply leaving the Euro and resurrecting the drachma? Would the less … Continue reading
Greece Is For Sale – And Everything Must Go
By Nick Dearden I’ve just had sight of the latest privatisation plan for Greece. It’s been issued by something called the Hellenic Republic Asset Development Fund – the vehicle supervised by the European institutions, which has been tasked with selling off an eye-watering €50 billion of Greece’s ‘valuable assets’. The fund was a real sticking point … Continue reading
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