October 12, 2011
Slovakia rejects multibillion euro bailout fund to deal with debt crisis Slovakia’s prime minister Iveta Radicova has not hid her anger at the rejection of the proposal to expand the euro bailout fund. Photograph: Isifa/Getty Images Measure calling on Slovakia to support revamp of fund fails to pass by 21 votes after eight [...]
Tags: EFSF, European Central Bank, European Financial Stability Facility, European Union, Freedom and Solidarity, Iveta Radičová, Jean-Claude Trichet, Martin Fronc, Robert Fico, Slovakia
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August 27, 2011
Bernanke says Federal Reserve will hold off from more quantitative easing Federal Reserve chairman Ben Bernanke, right, and Jean-Claude Trichet, president of the European Central Bank, at Jackson Hole. Photograph: Reed Saxon/AP • Jackson Hole speech dashes hopes for QE boost • Wall Street expects Fed will reconsider next month reddit this Comments (33) Larry [...]
Tags: BenBernanke, Dow Jones Industrial Average, Federal Reserve System, Jackson Hole, Jean-Claude Trichet, Larry Elliott, Quantitative easing, United States
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August 8, 2011
A cyclist rides past the European Central Bank headquarters in Frankfurt. The ECB is to buy government bonds from Italy and Spain. Photograph: Ralph Orlowski/Reuters The European Central Bank has moved to halt Europe’s runaway debt crisis by pledging to buy government bonds from Italy and Spain. The move to prop up Europe’s struggling nations [...]
Tags: Bank of England, David Blanchflower, European Central Bank, Eurozone, Italy, Jean-Claude Trichet, Silvio Berlusconi, Spain
Posted in economic measures, Economics, Economy, Elites, European, European debt Italy Greece, European Foreign Policy | No Comments »
August 7, 2011
A Wall Street sign in front of the New York stock exchange. Recent events have changed the US as an unassailable economic superpower. Photograph: Lucas Jackson/Reuters When India joined China in criticising America’s chaotic handling of its hefty debts this weekend, describing the challenges facing the White House as “grave”, it was the clearest indicator yet [...]
Tags: Bank of England, China, European Central Bank, European Financial Stability Facility, Italy, Jean-Claude Trichet, Standard & Poor's, United States
Posted in debate and discussion, Debt Crisis, Debt sham, Democracy, disaster, Dissent, economic measures, Economics, Economy, elections, Elites, European, European debt Italy Greece, European Foreign Policy, Fascism, Germany, Germany new old politics, Global capitalism and imperialism, Global Food System, Human Rights, IMF, Imperial Project, Imperialism, Manufacturing Consent, Media, Media distortion, Media manipulation, melt down, Middle East, Military, Military madmen, NATO, Obama warmonger, oil, oil and gas resources, Peak oil, Political psychopaths, Poverty, President of the World, Propaganda, Psycopaths, UK, UK fascism, UK Foreign Policy, US economy, US Politics, US public opinion, voodoo rhythm economics, War and economics | No Comments »
July 19, 2011
Traders at the New York Mercantile Exchange in New York on Monday. Three of Britain’s biggest banks took a £5bn over the eurozone crisis as stocks fell heavily in Europe and North America. Photograph: Justin Lane/EPA More than £5bn was wiped off the value of three of Britain’s biggest banks on Monday as global [...]
Tags: Dow Jones Industrial Average, European Central Bank, European Union, FxPro, Jean-Claude Trichet, Latin American debt crisis, New York Mercantile Exchange, Royal Bank of Scotland Group, Spanish Banks, United State
Posted in Capital, Capital Project, Capitalism, Capitalism and debt, Capitalism for Zombies, European, European debt Italy Greece, European Foreign Policy | No Comments »
June 7, 2011
A World at Financial War By MICHAEL HUDSON When Greece exchanged its drachma for the euro in 2000, most voters were all for joining the Eurozone. Their hope was that it would ensure stability, and that this would promote rising wages and living standards. Few saw that the stumbling point was tax policy. Greece was [...]
Tags: European Central Bank, European Union, Finance, Government, International Monetary Fund, Jean-Claude Trichet, Member state of the European Union, Netherlands, United States
Posted in Capital, Capital Project, Capitalism, economic measures, Economics, Economy, voodoo rhythm economics | No Comments »
