Countdown to Financial Armageddon
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Countdown to Financial Armageddon
Tracking the final days of the debt bubble
Curated by Nick Laight
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Merkel: Europe faces its "toughest hour since the Second World War" but eurobonds still ruled out

Merkel: Europe faces its "toughest hour since the Second World War" but eurobonds still ruled out | Countdown to Financial Armageddon | Scoop.it

pain and Italy's borrowing costs soared as economists warned that Europe is sliding into recession and Angela Merkel defied intense pressure and ruled out issuing European-guaranteed debt.

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Debt woes 'danger to all Europe'

Debt woes 'danger to all Europe' | Countdown to Financial Armageddon | Scoop.it

UK Chancellor George Osborne says the eurozone debt crisis is a "real danger to all of Europe" as he arrives in Brussels for talks on the bloc's problems.

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Curiouser and Curiouser: Mad Hatter's Tea Party That is The Eurozone Crisis

Curiouser and Curiouser: Mad Hatter's Tea Party That is The Eurozone Crisis | Countdown to Financial Armageddon | Scoop.it

Alice in Wonderland has nothing on the absurd world of Europe's financial policymakers, says The Guardian's Larry Elliott...

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The Most Sensible Solution to Fix The Debt Crisis? Give Collapse a Chance

The Most Sensible Solution to Fix The Debt Crisis? Give Collapse a Chance | Countdown to Financial Armageddon | Scoop.it

Bill Bonner gives his assessment of how to fix the financial crisis, by letting it default and collapse. '... every bailout makes the world poorer. Because it’s clearly bad money after good. Greece does not suddenly become a good credit risk just because you lend it more money. And Americans won’t be made richer because the feds offer them more debt at an even cheaper rate!'

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It's becoming a high stakes game! Europe's leaders threaten Greek default if banks won't take haircut and accept losses of £120bn

It's becoming a high stakes game! Europe's leaders threaten Greek default if banks won't take haircut and accept losses of £120bn | Countdown to Financial Armageddon | Scoop.it

Europe's leaders are threatening to trigger a formal default on Greek debt and risk a “credit event” if banks refuse to accept losses of up to €140bn (£120bn) on their holdings.

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Finally, someone is saying it! America's Debt Crisis: Why Europe Is Right and Obama Is Wrong: more debt is not the answer

Finally, someone is saying it! America's Debt Crisis: Why Europe Is Right and Obama Is Wrong: more debt is not the answer | Countdown to Financial Armageddon | Scoop.it

US President Barack Obama has recently suggested that Europe must take on more debt to stimulate the economy. Such reliance on cheap money, though, is what got us into the current crisis in the first place -- both in Europe and in the US.

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Don't Feel Left out - Join The Party! Debt Crisis Threatens China and Emerging Markets

Don't Feel Left out - Join The Party! Debt Crisis Threatens China and Emerging Markets | Countdown to Financial Armageddon | Scoop.it

Europe's banking woes have begun to set off a funding crunch in the emerging markets of Asia, Latin America, and Eastern Europe, leaving them nakedly exposed as the rich world slides into a double-dip downturn.

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