Cyprus money woes, Italian bank’s $4.1B loss bring new fears about Europe...
Customers of an Italian bank have seen deposits fall by “a few billion euros” after a scandal in February, the bank announced Saturday. According to Reuters, Monte dei Paschi bank reported a yearly...
View ArticleDeveloping World: Euro Loses Attraction as Reserve Currency
Countries in the developing world are drastically reducing their euro holdings as economic instability in Europe leads them elsewhere to stock their currency reserves. Euro holdings are at their lowest...
View ArticleSinclair – Something Has Western Central Banks Terrified
Today Jim Sinclair warned King World News that something clearly has Western central banks terrified right now. Below is what Sinclair, who was once called on by former Fed Chairman Paul Volcker to...
View ArticleSoros tells Germany accept eurobonds or quit euro
Mr Soros, dubbed “the man who broke the Bank of England” for his $10bn bet against sterling in the 1990s, said that the introduction of eurobonds – a form of pooling sovereign debt so that member...
View ArticleAs Cyprus sells gold to help bailout, other troubled eurozone countries could...
LONDON — Heavily indebted eurozone nations such as Italy and Portugal could come under pressure to put their bullion reserves to work as a result of plans for Cyprus to sell gold to meet its financing...
View ArticleTarget the ‘resourceful rich’ to pay for eurozone bailouts, German group says
Wealthy households would face new taxes on property and other assets under German plans to prop up the struggling eurozone. Senior advisers to Chancellor Angela Merkel are pushing for better-off...
View ArticleEurozone risks Japan-style trap as deflation grinds closer
The region’s core inflation rate – which strips out food and energy – fell to 1pc in March. This is far below expectations and leaves monetary union with a diminishing safety buffer. “The eurozone is...
View ArticleFrançois Hollande calls for ‘European political union’ within two years
A beleagured President François Hollande went on the offensive today calling for an “economic government” for the Eurozone and “political union” in Europe within two years. Stung by accusations that he...
View ArticleMerkel wants global rules on personal data
German Chancellor Angela Merkel has called for strict global rules on the protection of personal data amid anger in Europe over the revelations of wide-ranging US surveillance programs. “We must work...
View ArticleTrans-Atlantic Free Trade: US Pushes for Deal Despite NSA Scandal
The NSA spying scandal has many in Europe calling for the suspension of negotiations on an EU-US free-trade deal. Officials in Washington are undeterred, and continue to push forward with talks despite...
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