Countdown to Fina...
Follow
Find tag "germany"
18.1K views | +0 today
Countdown to Financial Armageddon
Tracking the final days of the debt bubble
Curated by Nick Laight
Your new post is loading...
Your new post is loading...
Scooped by Nick Laight
Scoop.it!

French minister knocks UK economy

French minister knocks UK economy | Countdown to Financial Armageddon | Scoop.it

French Finance Minister Francois Baroin becomes the latest senior figure in Paris to criticise weaknesses in the British economy.

more...
No comment yet.
Scooped by Nick Laight
Scoop.it!

Eurozone debt web: Who owes what to whom?

Eurozone debt web: Who owes what to whom? | Countdown to Financial Armageddon | Scoop.it

Another great interactive graphic from the BBC showing the scale of foreign debt owed between key eurozone countries and the main world economies.

more...
No comment yet.
Scooped by Nick Laight
Scoop.it!

Ratings agency warns euro nations

Ratings agency warns euro nations | Countdown to Financial Armageddon | Scoop.it

Ratings agency Standard and Poor's puts almost the entire eurozone, including Germany and France, on "credit watch" due to the debt crisis.

more...
No comment yet.
Scooped by Nick Laight
Scoop.it!

German bonds under pressure as Merkel, Sarokzy and Monti prepare meet for debt crisis talks

German bonds under pressure as Merkel, Sarokzy and Monti prepare meet for debt crisis talks | Countdown to Financial Armageddon | Scoop.it

Investors continued to shun German debt on Thursday following a weak 10-year bond auction as the leaders of Germany, France and Italy prepare to meet amid rising tensions in the eurozone.

more...
No comment yet.
Scooped by Nick Laight
Scoop.it!

Roubini: Italy Is Doomed And Will Exit EMU Unless ECB, Germany Step In

Roubini: Italy Is Doomed And Will Exit EMU Unless ECB, Germany Step In | Countdown to Financial Armageddon | Scoop.it

Nouriel Roubini, Dr. Doom, believes Europe is in serious trouble as Italy is at risk of becoming illiquid and insolvent, losing market access, rendering it unable to service its debt and grow, forcing an EU exit.

more...
No comment yet.
Scooped by Nick Laight
Scoop.it!

Italy's 'shock therapy' as eurozone manufacturing buckles

Italy's 'shock therapy' as eurozone manufacturing buckles | Countdown to Financial Armageddon | Scoop.it

Europe is sliding into a full-blown industrial recession with contraction spreading to Germany and a drastic decline under way in Italy, greatly complicating efforts to contain the region’s debt crisis.

more...
No comment yet.
Scooped by Nick Laight
Scoop.it!

EU Considers Wielding $1.3T to Break Debt Impasse

EU Considers Wielding $1.3T to Break Debt Impasse | Countdown to Financial Armageddon | Scoop.it
European governments may unleash as much as 940 billion euros ($1.3 trillion) to fight the debt crisis, seeking to break a deadlock between Germany and France that is forcing leaders to hold two summits within four days.
more...
No comment yet.
Scooped by Nick Laight
Scoop.it!

Not for the squeamish! Europe's Web of Debt - Click on graphic for a better view of how the contagion could spread

Not for the squeamish! Europe's Web of Debt - Click on graphic for a better view of how the contagion could spread | Countdown to Financial Armageddon | Scoop.it

Banks and governments in these five shaky economies owe each other many billions of euros, and have even larger debts to Britain, France and Germany.

more...
No comment yet.
Scooped by Nick Laight
Scoop.it!

"You Can’t Solve a Debt Crisis With More Debt!" German Foreign Minister Hits Back at U.S. Debt Hypocrisy

"You Can’t Solve a Debt Crisis With More Debt!" German Foreign Minister Hits Back at U.S. Debt Hypocrisy | Countdown to Financial Armageddon | Scoop.it

Germany's foreign minister today lashed out at the United States over criticism the eurozone is not doing enough to solve its economic woes, noting that US debt had also contributed to the current crisis.

more...
No comment yet.
Scooped by Nick Laight
Scoop.it!

Why Europe's Debt Crisis Could Trigger another Giant Bailout of Wall Street

Why Europe's Debt Crisis Could Trigger another Giant Bailout of Wall Street | Countdown to Financial Armageddon | Scoop.it

If Greece goes down, investors will flee Ireland, Spain, Italy, and Portugal. All of this sends big French and German banks reeling. If one of these banks collapses, or show signs of major strain, Wall Street is in big trouble.

more...
No comment yet.
Scooped by Nick Laight
Scoop.it!

Germany Approves EU Bailout Fund

Germany Approves EU Bailout Fund | Countdown to Financial Armageddon | Scoop.it

A large majority in Germany's parliament approves new powers for the EU's main bailout fund, despite opposition from some members of the ruling coalition.

more...
No comment yet.
Scooped by Nick Laight
Scoop.it!

Papandreou calls for German help for "rebirth of a nation"

Papandreou calls for German help for "rebirth of a nation" | Countdown to Financial Armageddon | Scoop.it

Greek Prime Minister George Papandreou delivers an impassioned plea to German business leaders to help his country out of its debt crisis.

more...
No comment yet.
Scooped by Nick Laight
Scoop.it!

Why Britain should pity those still trapped in the euro nightmare

Why Britain should pity those still trapped in the euro nightmare | Countdown to Financial Armageddon | Scoop.it

Angela Merkel and Nicolas Sarkozy are engaged in something that has little to do with democracy.

more...
No comment yet.
Scooped by Nick Laight
Scoop.it!

Europe's great divorce

Europe's great divorce | Countdown to Financial Armageddon | Scoop.it

So two decades to the day after the Maastricht Treaty was concluded, launching the process towards the single European currency, the EU's tectonic plates have slipped momentously along same the fault line that has always divided it—the English Channel.

more...
No comment yet.
Scooped by Nick Laight
Scoop.it!

Here comes a Franco-German Bloc: Sarkozy Calls For 'Refounding' Of Europe

Here comes a Franco-German Bloc: Sarkozy Calls For 'Refounding' Of Europe | Countdown to Financial Armageddon | Scoop.it

French President Nicolas Sarkozy has called for greater integration between France and Germany to save the euro, including changing the terms of the 1999 Maastricht Treaty.

more...
No comment yet.
Scooped by Nick Laight
Scoop.it!

We'd better get used to living with the euro crisis. It's the new normal

We'd better get used to living with the euro crisis. It's the new normal | Countdown to Financial Armageddon | Scoop.it

An excellent Telegraph article: 'There are two main schools of thought when it comes to fixing the eurozone debt crisis at the moment. The first is that matters will come to a head around Spring and a solution will be found.'

more...
No comment yet.
Scooped by Nick Laight
Scoop.it!

America and China must crush Germany into submission

America and China must crush Germany into submission | Countdown to Financial Armageddon | Scoop.it

As we watch Italy's 10-year bond yields near 7.5pc and threaten to detonate the explosive charge on €1.9 trillion of debt, it is time for the world to reimpose order.

more...
No comment yet.
Scooped by Nick Laight
Scoop.it!

China refuses to commit to European bailout fund

China refuses to commit to European bailout fund | Countdown to Financial Armageddon | Scoop.it

China refuses to commit to the European Financial Stability Fund until the situation with Greece has been clarified.

more...
No comment yet.
Scooped by Nick Laight
Scoop.it!

Extra euro crisis summit called

Extra euro crisis summit called | Countdown to Financial Armageddon | Scoop.it

EU leaders are to hold another summit by Wednesday at the latest, because they will not be able to agree a rescue plan for the eurozone on Sunday.

more...
No comment yet.
Scooped by Nick Laight
Scoop.it!

Berlin experts fear euro break-up from bail-out escalation

Berlin experts fear euro break-up from bail-out escalation | Countdown to Financial Armageddon | Scoop.it

Plans to increase the firepower of Europe's bail-out machinery with extra
leverage threaten France's AAA rating and risk setting off a dangerous chain
of events, a top German institute has warned.

more...
No comment yet.
Scooped by Nick Laight
Scoop.it!

Euro Crisis Talks: Sarkozy says plan will be ready by end of October

Euro Crisis Talks: Sarkozy says plan will be ready by end of October | Countdown to Financial Armageddon | Scoop.it

The German and French leaders say they will propose "important changes" to the way the eurozone operates after talks on controlling the bloc's debt crisis.

more...
No comment yet.
Scooped by Nick Laight
Scoop.it!

Germany Overtakes Spain in Credit Default Swaps

Bets on German credit quality overtook those on Spain for the first time in a year as the mounting cost of bailing out the region's most indebted nations infects Europe's largest economy.

more...
No comment yet.
Scooped by Nick Laight
Scoop.it!

MIND YOUR OWN BUSINESS! Germany slams 'stupid' US plans to boost EU rescue fund

MIND YOUR OWN BUSINESS! Germany slams 'stupid' US plans to boost EU rescue fund | Countdown to Financial Armageddon | Scoop.it

More debt is not the answer! Germany and America were on a collision course on Tuesday night over the handling of Europe's debt crisis after Berlin savaged plans to boost the EU rescue fund as a "stupid idea" and told the White House to sort out its own mess before giving gratuitous advice to others.

more...
No comment yet.