George Soros Says EU Break-Up Would be Catastrophic

| January 7, 2012

We get the drift, but does the EU (European Union)?  George Soros said “Today, the euro is potentially endangering the political cohesion of the European Union,” according to the Business Line newspaper in the south Indian city of Hyderabad. “If the common currency were to break down, it will lead to the break up of […]

Euro Could Go Bye Bye At Any Time…Hello, Anybody Listening?

| November 26, 2011

The time to prepare for a disaster, is before the disaster happens. Capice?  Britain’s Foreign Office Prepares For Riots In Europe British Embassies are being warned in Europe of dire consequences of an eventual Euro breakup.  Analysts at UBS, an investment bank earlier this year warned that the most extreme consequences of a break-up include risks […]

No Growth In Europe – Means No Growth In The U.S. – Treasury Secretary Timothy Geithner Speaks Of ‘Catastrophic Risk’

| September 16, 2011

Yep, here is the way it went down… U.S. Treasury Secretary Timothy Geithner goes to Europe, and gives a lesson on the benefits of borrowing more money to jump start European economies and save the Euro, then speaks of ‘catastrophic risk’,  but Austrian Finance Minister Maria Fekter found it “peculiar” to be lectured by the U.S., a country with higher aggregate debt than […]

Doubling Down On A Bad Hand

| July 21, 2011

Bad seats, hey buddy! Leaders of the Eurozone announced a huge new financial bailout package for Greece on Thursday, doubling up the amount of loans originally agreed upon ……The 17 EU nations that use the euro,  offered Athens $157 billion in new loans, a nearly identical aid package to last year.  

European Central Bank Heading Down A Dark Road

| November 15, 2010

Europe Stumbles Blindly Towards Its 1931 Moment By Ambrose Evans-Pritchard  Nov 15, 2010 Unless the ECB takes fast and dramatic action, it risks destroying the currency it is paid to manage, and allowing a political catastrophe to unfold in Europe. If mishandled, Ireland could all too easily become a sovereign version of Credit Anstalt – […]

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