Last week Germany reported that in the second quarter, its GDP declined by 0.2%, worse than Wall Street consensus. This happened a few shorts days after Italy reported a second consecutive decline in its own GDP, becoming…
Tag: Greece
Stocks tumbled again on fears of the rapidly approaching fiscal cliff in the United States and a failure by eurozone finance ministers and the IMF to decide how Greece will resolve its sovereign debt…
Last week, gold fell below $1,700 an ounce. This prompted caution in the metals markets as the Federal Reserve Bank continues its purchases of the mortgage-backed securities. The mainstream media touts this act as an attempt to…
[anyplayer:url=http://rt.com/files/news/greece-protests-germany-merkel-946/i5c67b2b8b02b0354c25916d21df3d296_00b5b821.dv.flv] Police fired tear gas as angry protesters clashed with officers in Athens as thousands rallied in the Greek capital in protest against German Chancellor Angela Merkel’s visit. Merkel is in Athens for austerity talks…
A devastating economic depression is rapidly spreading across the largest economy in the world. Unemployment is skyrocketing, money is being pulled out of the banks at an astounding rate, bad debts are everywhere and economic…
A man walks past the Bank of Greece headquarters with the plaque altered to read “Bank of Berlin” in Athens (AFP Photo/Louisa Gouliamaki) Cyprus, Ukraine, Venezuela, and Spain are among 10 countries, which are most…
The Greek Economic Tragedy is sending alarm bells to the rest of the European Countries who are now making internal adjustments to avoid such repeat of total economic collapse. Bloomberg reports on how Spain is…
At the moment, it is open to debate whether the Greek default is a fairly inescapable outcome or an accomplished fact, but, clearly, getting the Greeks out of trouble is not the point for those…
It isn’t over until it is over. Of course, we are referring to Europe and its version of 1984. We find it profound that the bankers, politicians and bureaucrats of Europe can do what they…
The government is preparing to package and sell foreclosed homes. We do not know what discount to the current market there will be but you can guess it will be 20% or more. This event…