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Collapse of the euro is ‘inevitable’: Bailing out the Greek economy futile, says FRENCH banking chief

Written on 16 Feb, 2010 at 0:06 in Economy, Inernational Banking, Top Stories | viewed 370 views times | 0 Comments
Collapse of the euro is 'inevitable': Bailing out the Greek economy futile, says FRENCH banking chief

By Sam Fleming and Tim Shipman Last updated at 1:07 PM on 13th February 2010 The European single currency is facing an ‘inevitable break-up’ a leading French bank claimed yesterday. Strategists at Paris-based Société Générale said that any bailout of the stricken... (Continue reading)

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Sheriff In Chicago Halts Foreclosure Evictions

Written on 9 Oct, 2008 at 21:23 in Latest News, Police State | viewed 140 views times | 2 Comments

CHICAGO (Reuters) – The sheriff of the third-most populous U.S. county halted evictions on foreclosed properties on Thursday, saying innocent tenants were being put on the street. But bankers said he was breaking the law. Cook County Sheriff Tom Dart said... (Continue reading)

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US Calls for Coordinated Response to Credit Crisis

Written on 6 Oct, 2008 at 14:01 in Economy, Federal Reserve | viewed 326 views times | 13 Comments

By Reuters | 06 Oct 2008 | 10:49 AM ET U.S. officials called for a “forceful and coordinated” global response to the credit crisis Monday as financial market confidence cratered despite another heavy dose of central bank lending. The Federal Reserve said... (Continue reading)

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US To Declare October ‘Economic Emergency’, Suspend Elections

Written on 16 Sep, 2008 at 21:16 in Economy | viewed 378 views times | 21 Comments

By: Sorcha Faal, and as reported to her Western Subscribers The Federal Security Service of the Russian Federation (FSB) is reporting in the Kremlin today that the Bank of England has received from the United States Federal... (Continue reading)

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Bailouts Will Push US into Depression: Manager

Written on 15 Sep, 2008 at 23:37 in Economy | viewed 103 views times | 0 Comments

CNBC | The end result of the global economic slowdown may be the U.S. announcing national bankruptcy as the government cannot afford the bailouts that it promised and the market will not bail out the government, Martin Hennecke, senior manager... (Continue reading)

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