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Greece has no more money to pay its civil servants !
The fact that Merkel is now saying something about a “orderly default” one can surmised that this method will be used to eject the other Pigs. We are heading for default and no amount of pats on the...
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Is Ireland about to go down the same road as the Greeks ?
Image via Wikipedia I know things are bad here in Ireland but take a look at this article and you might begin to think that things are not so bad here afterall .But we are heading in that direction...
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Greek default: What it would mean
NEW YORK (CNNMoney) — Experts agree it’s almost certain that Greece will not be able to pay all of its debts. But if the country does default, what happens next? Greek leaders are struggling to agree...
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Fitch Says 50% Greek Bond Haircut Would Be Default Event
By Jennifer Ryan Oct. 28 (Bloomberg) — European leaders’ agreement on a 50 percent haircut on Greek bonds may create an event of default if investors accept it, Fitch Ratings said in a statement today....
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Irish banks will shrink and shrink
Image via Wikipedia By Davis Mc Williams The European debt crisis is moving swiftly to the next phase following the downgrade of France and the collapse of the Greek negotiations with its creditors...
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EXCLUSIVE: GREEK GOVERNMENT ROBBED PUBLIC INSTITUTIONS TO COMPLETE BOND SWAP
By The Slog The illegally denied default of Greece entered a dramatic new phase this afternoon with the revelation by mainstream Greek public health website Health News that, shortly before midnight on...
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EUROZONE DEBT: TWO MORE UXBs YOU WON’T FIND IN THE UK & US MSM.
Greece has no money to pay international law creditors, and the Bundesbank is owed 550 billion euros by debtor banks From Germany’s Deutsche Mittelstands Nachrichten this morning came the news that...
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Time for Greece to Bring Back the Drachma?
austerity (Photo credit: 401(K) 2012) Five years into an economic depression of epic proportions, one would have thought that the Greek government should be raising serious doubts as to whether the...
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Troika Target Of Truculence As Greek Tax Evaders Terrified
By Tyler Durden The Troika technical team was chased from their Greek offices on Tuesday by an angry mob of Muni workers (who proclaimed that “they got our labor rights and conditions back to the...
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Olli Rehn Departs Reality Once Again
byDr. Constantin Gurdgiev If one needs an example of out-of-touch, reality-denying and self-satisfied EU Commissioner, travel no further than Olli Rehn. Here’s the latest instalment from Court’s...
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