Good news ! (?)

Swiss citizens’ initiative collects 105,000 signatures, triggers referendum on Money Creation The Swiss population will be the first in the world to vote on their banking and monetary system, thanks to the tireless efforts of a pro-Sovereign Money campaign. The “Vollgeld Initiative” (Sovereign Money Initiative) has successfully managed to collect 100,000 signatures –  the number required … Continue reading Good news ! (?)

Greek banks are proven to be near death. Greek people will follow this pattern closely.

Οι εγχώριες τράπεζες αποδείχθηκαν ετοιμοθάνατες. Ακολουθεί ο λαός μας. by S. Katsoulis* I'm sure you know by now. The hard working people at the ECB led by it's VP Vítor Constâncio, kept themselves busy throughout the weekend  of 25-26 October (hopefully they did charge the appropriate overtime) in order to complete the much needed stress … Continue reading Greek banks are proven to be near death. Greek people will follow this pattern closely.

Two of Greece’s biggest banks face nationalization after failing to attract private investment and a surprise move by the state to suspend their merger deal.

By George GeorgiopoulosATHENS | Mon Apr 8, 2013 7:27amShares of Greek lenders National Bank (NBGr.AT) and rival Eurobank (EFGr.AT) plunged by as much as 30 percent on Monday after they confirmed their merger deal had been halted and they are unlikely to raise the private capital they need to stay out of state hands. National bought 84.3 percent of … Continue reading Two of Greece’s biggest banks face nationalization after failing to attract private investment and a surprise move by the state to suspend their merger deal.

EU Official: Cyprus Was A Special Case, But…

HELSINKI (Reuters) - Big bank depositors could take a hit under planned European Union law if a bank fails, the EU's economic affairs chief Olli Rehn said on Saturday, but noted that Cyprus's bailout model was exceptional. "Cyprus was a special case ... but the upcoming directive assumes that investor and depositor liability will be … Continue reading EU Official: Cyprus Was A Special Case, But…

It Can Happen Here: The Bank Confiscation Scheme for US and UK Depositors

By Ellen Brown Global Research, March 29, 2013 Web of Debt Confiscating the customer deposits in Cyprus banks, it seems, was not a one-off, desperate idea of a few Eurozone “troika” officials scrambling to salvage their balance sheets. A joint paper by the US Federal Deposit Insurance Corporation and the Bank of England dated December 10, … Continue reading It Can Happen Here: The Bank Confiscation Scheme for US and UK Depositors

Cyprus: Savage Austerity Measures and Economic Dictatorship

By Jordan Shilton and Chris Marsden Global Research, March 24, 2013 Cyprus’ fate illustrates how the European Union imposes the dictatorship of the global speculators, banks and corporations on the working class. The EU yesterday continued to demand massive austerity in Cyprus to raise €6 billion ($7.8 billion) in return for a €10 billion bank bailout. The island … Continue reading Cyprus: Savage Austerity Measures and Economic Dictatorship

NEVER ENDING MISTAKES OF AN INCOMPETENT EU MAY BE LEADING TO ITS DISSOLUTION

In the morning hours of March 16,2013 the Eurogroup issued its infamous statement which could precipitate the dissolution of the eurozone and perhaps of the EU. It starts with words of welcome. ”The Eurogroup welcomes the political agreement reached with the Cypriot authorities on the cornerstones of the policy conditionality underlying a future macroeconomic adjustment … Continue reading NEVER ENDING MISTAKES OF AN INCOMPETENT EU MAY BE LEADING TO ITS DISSOLUTION

Euro, Bruxelles confirm: they are cheating us!

Twitter @francescofilini Finally comes the reply to the parliamentary inquiry submitted by MEP Marco Scurria on the legal nature of ‘€ uro, and finally comes the confirmation: we are cheating. There have always cheated. First things first. Marco Scurria asked for clarification on the answer given by the European Commission to the first parliamentary inquiry … Continue reading Euro, Bruxelles confirm: they are cheating us!

Cyprus rejects bailout deal leaving eurozone facing fresh crisis

Cash-strapped nation expected to seek funding lifeline from Russia after dramatic no vote in country's parliament Angelique Chrisafis in Nicosia and Jill Treanor The Guardian, Tuesday 19 March 2013 21.09 GMT A Cypriot protester outside the country's parliament after hearing news that MPs had rejected the bailout deal. Photograph: Filip Singer/EPA  The Cypriot parliament has thrown out a … Continue reading Cyprus rejects bailout deal leaving eurozone facing fresh crisis