Greece's economy will shrink a deeper-than-expected 6.9 percent this year due to falling demand from consumers grappling with wage and spending cuts, influential think tank IOBE said in its quarterly review on Monday.
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Scooped by Bronwen Evans onto 2012 meltdown |
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Imagine you live in a prosperous country, with a lovely climate, beautiful beaches, blue seas. But there's something funny about this country. It doesn't have a functioning banking system. Via Dputamadre
Bronwen Evans's insight:
A very interesting analysis of the situation in Cyprus - how they have been effectively kicked out of the eurozone and how this affects day to day life. Delete the scoop?
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Bronwen Evans's insight:
The US deficit is huge and growing. The economy is so terrible there is a lost generation of young people, many of whom are jobless and sleeping on the streets and yet there is still the political will to increase the military budget. I wonder how big the deficit would be if they had to pay Greek levels of interest rates on their borrowing instead of printing money....
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by Susanne Posel October 30, 2012 (TSR) - Last week, gold fell below $1,700 an ounce. This prompted caution in the metals markets as the Federal Reserve Bank continues its purchases of the mortgage-backed securities. Delete the scoop?
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So there is a magic wand after all. A revolutionary paper by the International Monetary Fund claims that one could eliminate the net public debt of the US at a stroke, and by implication do the same for Britain, Germany, Italy, or Japan. Delete the scoop?
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Reports are circulating that German plans to repatriate its gold stored in US vaults for inspection - if true gold prices should shoot up. Also may be an economic warning... Delete the scoop?
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On the Sunday edition of the Alex Jones Show, Alex covers the private bankster cartel known as the Federal Reserve and its latest QE warfare against the doll... Delete the scoop?
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The advent of Western medicine in Thailand about 100 years ago precipitated a decline in traditional herbal medication. Delete the scoop?
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Water and sanitation are chronic problems in Yemen, where, on average, each Yemeni only has access to about 140cu.m. of water per year for all uses. (The Middle East average is about 1000cu.m. per person per year.) ... Delete the scoop?
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Nine months into his presidency, Barack Obama hosted a private lunch for the chief executives of some of the biggest US companies, Amazon and Kraft among them. The summer of 2009 had been tough. Delete the scoop?
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Via Ben-Perrusi Martins Delete the scoop?
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Spain feels debt heat, Greece way off bailout termsReutersPrime Minister Antonis Samaras said Greece's economy could contract by more than 7 percent this year, pushing debt-cutting targets further out of reach, but he pledged to stay the course. Delete the scoop?
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The Greek economic crisis is employed as a metaphor scaling the levels of local experience and international anxiety. I have worked in Trikala, Thessaly, central Greece, since 2003 as an economic and historical ... Delete the scoop?
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"My name is Petraeus. David Petraeus. Move over, Bond, with your Skyfall; this is the real deal, a certified political/national security blockbuster to end them all. This is how Hollywood would market it; "He had the nation's highest security clearance. But above all he was an embedded lady killer." Now for the casting. Daniel Craig could easily play The General, although The General would rather teleguide a Hellfire than an Aston Martin, and wear a "fruit salad" (as in myriad decorations) instead of a killer Tom Ford suit. Demi Moore - sultry as ever - could play "Paula". Assorted Iraqis and Afghans would play "collateral damage". (...)" Via Dputamadre Delete the scoop?
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In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss how central banks around the world are buying gold and Germany starts to wonder if their gold bar are safe in the Federal Reserve. Delete the scoop?
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By Vestnik KavkazaKonstantin Sivkov, first vice-president of the Academy of Geopolitical Problems, Captain, member of the Communist Party, has recently stated his position on the Middle East developme (Why is the West fighting for Syria? Delete the scoop?
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The siege of Bani Walid, Libya’s ongoing political instability, and the alleged torture of Gaddafi loyalists has left the country a far cry from the vision that western powers had when they supported last year's NATO bombing. Via Dputamadre Delete the scoop?
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ISRAEL ON IRAN: US & ISRAEL ON IRAN: IRAN UNDER ATTACK:
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Interesting article from Hoover Institute economists who are ex Treasury Dept outlining the magnitude of the US' financial mess. I hadn't realised that under QE3 the Fed GIVES money to the banks! Delete the scoop?
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Everyone wants to know when the euro will collapse, but they don’t understand that, in all the important ways, the euro is already a zombie, writes Matthew Lynn. Via Khannea Suntzu Delete the scoop?
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The American election campaign will be a very interesting test of whether this is true - that there is a backlash against the rich. Delete the scoop?
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A simple visual tool could monitor global financial stability in real time, identifying institutions that need to act before the global financial system is... Via Khannea Suntzu Delete the scoop?
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RT @mercatus: Eight states are projected to reach 90% debt-to-GDP ratios by 2030 http://t.co/RCwoJVJr... Delete the scoop?
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There is one simple difference between all the European victims of financial crisis and the lucky countries that are given a free pass by investors, despite their even bigger deficits and worse banking crises. Delete the scoop?
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