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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The first of many? BNP Paribas writes down Greek Debt by 60% as earnings slump

The first of many? BNP Paribas writes down Greek Debt by 60% as earnings slump | Countdown to Financial Armageddon | Scoop.it

BNP Paribas, the largest French bank, said it was writing off 60 percent of the value of its Greek debt holdings, a belated acknowledgement that the loans were largely unrecoverable.

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"The Euro is Beyond Rescue", Says Italy's Biggest Lender

"The Euro is Beyond Rescue", Says Italy's Biggest Lender | Countdown to Financial Armageddon | Scoop.it

The euro is “practically dead” and Europe faces a financial earthquake from a Greek default, according to Attila Szalay-Berzeviczy, global head of securities services at Italy’s biggest lender UniCredit SpA.

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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.

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Greek PM loses majority for vote

Greek PM loses majority for vote | Countdown to Financial Armageddon | Scoop.it

The Greek government teeters on the brink of collapse as three ruling party MPs say they will abstain from a confidence motion on Friday.

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Amazing video! 'We don't care about the economy and euro is toast': says trader who believes Goldman Sachs rules the world and goes to bed every night and dreams of recession!

Amazing video! 'We don't care about the economy and euro is toast': says trader who believes Goldman Sachs rules the world and goes to bed every night and dreams of recession! | Countdown to Financial Armageddon | Scoop.it

Whther this guy is a self-promoter or not, you've got to watch this jaw-dropping video. Alessio Rastani claims ‘Goldman Sachs rules the world’ and says millions will lose their savings...'

 

Although it now seems Rastani is a chancer, his interview has become a viral hit ... perhoas because he so eloquently articulated what most of us really thought?

 

"For most traders we don't really care about how they're going to fix the economy... Our job is to make money from it."Personally I've been dreaming of this moment for three years. I have a confession: I go to bed every night and I dream of a recession."

 

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