news.goldseek.com / By: Frank E. Holmes / 28 October 2014
Forty-four percent. That’s the alarming unemployment rate for those aged 15 to 25 in Italy, where I traveled recently to meet with other global chief executives and business leaders.
The reason for Italy’s high youth unemployment? Tortuous red tape, high taxation and thuggish unions. Many [...]
acting-man.com / Pater Tenebrarum / October 28, 2014
Italian Bankers are Not Amused
Italy’s banks were among the hardest hit by the ECB’s “comprehensive assessment” and the associated demands to increase their capital. The protests of Italian banks which were even echoed by the Bank of Italy (i.e., Italy’s national central bank) are widely [...]
Arthur Rothstein Texas Panhandle Dust Bowl Mar 1936
theautomaticearth.com / by Raúl Ilargi Meijer / October 28, 2014
I already proposed a few days ago that the recent ECB stress test exercise was such a shambles, it may well have been designed to fail on purpose. In order for Mario Draghi and his [...]
armstrongeconomics.com / by Martin Armstrong / October 27, 2014
Mario Renzi of Italy has taken criticism from the EU over his budget for 2015. In the flake that is erupting, the tensions with Brussels are rising throughout Europe. Renzi has said he will now publish a list of EU PALACES where they squander [...]
21stcenturywire.com / Andrew McKillop / OCTOBER 27, 2014
As western population demographic numbers begin to shift, with over numbers of over 70′s dwarfing the under 30′s, there exists a ticking time bomb which no one wants to talk about.
The UK has a dementia time bomb on its hands…
The sheer scale of the [...]
Farage was not exactly happy with Schulz bribing his Brussels voting bloc out of existence. (Photo credit: Reuters)
acting-man.com / Pater Tenebrarum / October 27, 2014
Bribing a Voting Bloc Out of Existence …
In the EU parliament, forming a voting bloc requires that parties from seven different countries come together in a coalition. [...]
thedailybell.com / By Staff News & Analysis / October 27, 2014
Europe’s economic and political future will be determined in the next few days … Europe is at a make or break moment. Two very different events on Sunday, occurring at opposite ends of Europe, will largely determine the entire continent’s direction for years [...]
globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / October 24, 2014
Things are about to get more interesting in the EU as a review of budget procedures shows the UK, Greece, and Italy owe more money, but Germany and France will get money back.
Curiously, this came about following a review of non-profit organizations from churches and [...]
wolfstreet.com / by Wolf Richter / October 21, 2014
One of the threats, or perhaps the threat, hanging over the EU due to the sanctions fiasco has been the possibility that Russia could shut down the pipelines and stop deliveries of natural gas to European countries. It would be a way to escalate the [...]
trueeconomics.blogspot.com / by Dr. Constantin Gurdgiev / October 21, 2014
Over recent days there have been plenty of statements about the winter supplies of Russian gas to Europe. Majority of these fall to one side of the argument, alleging that Russia is likely to cut off gas shipments to Europe via Ukraine.
Here are [...]
yanisvaroufakis.eu / By yanisv / October 20, 2014
Now that the bubble of the Greek success story has, thankfully, burst, it is perhaps apt to take a good look at the track record of Greece’s finance minister: the talented Mr Gikas Hardouvelis. Readers that harboured hopes of a Greek turn-around (against this blog’s repeated [...]
21stcenturywire.com / October 20, 2014
21st Century Wire says…
Here is – the net result of all the US and EU backed protests and killings in the Ukraine since last November and crippling US-led sanctions since April 2014.
Today it was announced that the Ukraine has confirmed an agreement on a Russian winter gas price, [...]
news.goldseek.com / 20 October 2014
The European status quo and EU elites are becoming increasingly concerned by popular calls in Italy for Italy to leave the European Monetary Union and the euro “as soon as possible” and return to the lira.
Beppe Grillo, the leader of Italy’s Five Star Movement has shocked EU elites [...]
europac.net / By John Browne / Monday, October 20, 2014
As territory in the Middle East falls under control of the brutal fanatics of ISIL, many Americans may be wondering how this could happen in the backyard of major U.S. allies. In particular, frustration with Turkey’s reluctance to move against ISIL, even as it [...]
trueeconomics.blogspot.com / by Dr. Constantin Gurdgiev / October 18, 2014
In the week this was, much of my attention was on Irish economy (given the Budget 2015 shower of news), so here’s a quick catch up on Russian economy news.
Fresh off the printing press, Moody’s downgraded Russia credit ratings from Baa1 to Baa2. [...]
Marjory Collins Carpool for 3rd shift defense workers, midnight, Baltimore April 1943
theautomaticearth.com / by Raúl Ilargi Meijer / October 17, 2014
Da markets today sort of refound their – shaky – feet, oil up a dollar, EU exchanges up 3% or so, Greece even over 7%, while interestingly gold didn’t move much at [...]
Marjory Collins 3rd shift defense workers, midnight, Baltimore April 1943
theautomaticearth.com / by Raúl Ilargi Meijer / October 17, 2014
Greek bond yields have slid back into danger territory. They were at 9% last night, far higher than the 7% ‘barrier’ generally assumed to separate acceptable from unsustainable. Someone better do something quick. Left [...]
globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / Thursday, October 16, 2014 10:50 PM
In the last three days, yield on the Greek 10-year government bond soared from 6.6% to over 9% before settling at 8.917%.
Prime Minister Antonis Samaras’ Gambit Explodes
Greek bonds yields had already been climbing with the rise of the radical [...]
zerohedge.com / by Tyler Durden on 10/14/2014 14:33
Having noted last week of the rising tensions between the French (pushing forward with plans for a budget deficit that far exceeds EU Treaty rules) and Germany (letting a Frenchman run EU’s finances is “an unwise personnel decision”) and Brussels (planning to reject the French budget); it [...]
globaleconomicanalysis.blogspot.com / By Mike “Mish” Shedlock / October 14, 2014
Support for UKIP (United Kingdom Independence Party) hit a record high 25% following recent elections that gave UKIP its first ever seat in the British parliament.
Still that’s one seat out of 650. Is UKIP anything Cameron’s Tory party or Labour need fear?
In case [...]