ECONOMY & Transparency
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The stealth bailout that doesn’t exist: debunking Hans-Werner Sinn | Economics Intelligence

The stealth bailout that doesn’t exist: debunking Hans-Werner Sinn | Economics Intelligence | ECONOMY & Transparency | Scoop.it
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Economy Professor Sent Open Letter to Greek PM – Invites Him to Syntagma Sq | Keep Talking Greece

Economy Professor Sent Open Letter to Greek PM – Invites Him to Syntagma Sq | Keep Talking Greece | ECONOMY & Transparency | Scoop.it
“The policy of government and the Troika is on deadlock” said for one more time Yanis Varoufakis, professor for economic theory at the University of Athens. Varoufakis, one of the main Greek opponents of the austerity program and the applied economic models,has repeatedly stressed that even if Greece achieves all goals by 2015, the public debt will have reached 200% of GDP in three years. Such an unbearable loan cannot help and in 2013 a major restructuring will be imminent. "
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Zur Verteidigung von Sino-Forest ... - egghat's not so micro blog

Zur Verteidigung von Sino-Forest ... … bringt FT Alphaville eine Analyse von Dundee Securities, in der die Anschuldigungen gegen Sino-Forest hinterfragt werden
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“Debtors’ Prison”: Bob Kuttner on the Costs of Rentier Rule « naked capitalism

“Debtors’ Prison”: Bob Kuttner on the Costs of Rentier Rule « naked capitalism | ECONOMY & Transparency | Scoop.it
Bob Kuttner has an elegant and important article at American Prospect, “Debtors’ Prison“. It’s an evocative, historical form of the argument made here and elsewhere: that advanced economies have gone down a disastrously bad path in not writing down debt that can’t realistically be paid.
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IMF Prepares to Eat Belarus Alive :: The Market Oracle :: Financial Markets Analysis & Forecasting Free Website

IMF Prepares to Eat Belarus Alive :: The Market Oracle :: Financial Markets Analysis & Forecasting Free Website | ECONOMY & Transparency | Scoop.it
The government of Belarus applied to the International Monetary Fund for a stabilization loan. The work of the IMF mission will last during June 1-14. Belarus is not ready either for large-scale liberalization in the currency sphere, or for a considerable reduction of state spending.
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EUROPA - OLAF - OLAF Director-General in talks with the World Bank and UN to improve cooperation

OLAF Director-General in talks with the World Bank and UN to improve cooperation...
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Michael Hudson: Europe's New Road to Serfdom #Greece

Soon after the Socialist Party won Greece’s national elections in autumn 2009, it became apparent that the government’s finances were in a shambles. In May 2010, French President Nicolas Sarkozy took the lead in rounding up €120bn ($180 billion) from European governments to subsidize Greece’s unprogressive tax system that had led its government into debt – which Wall Street banks had helped conceal with Enron-style accounting. .
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Märchenonkel Straubhaar erzählt uns was von der Stadt

Ein wirklich seltsames Märchen gibt es heute in der FAS zu lesen. Von Thomas Straubhaar vom Hamburger Weltwirtschaftsinstitut.
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Banken: Kartell der Derivate-Zocker - WirtschaftsWoche

Banken: Kartell der Derivate-Zocker - WirtschaftsWoche | ECONOMY & Transparency | Scoop.it
Die EU ermittelt gegen die Elite der Bankenwelt. Die Institute sollen ein Kartell im Billionengeschäft mit Kreditversicherungspapieren gebildet haben. Indizien dafür gibt es zuhauf.
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Libya's Goldman Dalliance Ends in Losses, Acrimony

Libya's Goldman Dalliance Ends in Losses, Acrimony | ECONOMY & Transparency | Scoop.it
In early 2008, Libya's sovereign-wealth fund gave $1.3 billion to Goldman Sachs to sink into options. The investments lost 98% of their value, kicking off an unusual round of negotiations.
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GLOBAL MARKETS-Dollar falls on China comments, stocks rebound

GLOBAL MARKETS-Dollar falls on China comments, stocks rebound | ECONOMY & Transparency | Scoop.it
* Dollar falls broadly, at record low vs Swiss franc * China official sees risks in holding excessive US assets * European shares snap four-day losing streak * Brent crude back above $114 on dollar...
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Börse in Peru stürzt ins Bodenlose (Politik, International, NZZ Online)

Börse in Peru stürzt ins Bodenlose (Politik, International,  NZZ Online) | ECONOMY & Transparency | Scoop.it
Die Märkte in Peru haben empfindlich reagiert, nachdem der Wahlsieg Humalas mit dem Eingeständnis der Niederlage Fujimoris endgültig feststeht. Der Handel an der Börse in Lima wurde vorzeitig abgebrochen.
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Democratizing the Money Issue - Credit Slips

Democratizing the Money Issue - Credit Slips | ECONOMY & Transparency | Scoop.it
Robert Kuttner has a fantastic piece on creditor-debtor conflicts in several contexts (sovereign, consumer, current, historical).
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Sino-Forest: Neuer 4,2 Mrd. Dollar Skandal? - egghat's not so micro blog

Sino-Forest: Neuer 4,2 Mrd. Dollar Skandal? Landflächen und Umsätze zu hoch ausgewiesen. Aktie in den USA -60%, in Deutschland nur minus 18%. Hauptnotierung in Kanada vorerst ausgesetzt. Investment in China + Rohstoff (dazu noch nachwachsende): Das hört sich doch erstmal gut an.
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Dignity and Democracy: Escaping the Clutches of the Financial Markets - SPIEGEL ONLINE - News - International

Dignity and Democracy: Escaping the Clutches of the Financial Markets - SPIEGEL ONLINE - News - International | ECONOMY & Transparency | Scoop.it
In today's Europe, the people are no longer in control. Instead, politicians have become slaves to financial institutions and the markets. We are partly to blame -- and changes are urgently needed to nurse European democracy back to health.
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Die Krise denken : UniNomade 2.0

Die Krise denken : UniNomade 2.0 | ECONOMY & Transparency | Scoop.it
Die Krise denken Finanzmärkte, soziale Kämpfe und neue politische Szenarien.

Zentrale Texte der europäischen postoperaistischen Debatte zur globalen Krise und zur sozialen Befreiung.
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The theory of how the financial system created AAA-rated assets out of subprime mortgages | Asymptotix

The theory of how the financial system created AAA-rated assets out of subprime mortgages | Asymptotix | ECONOMY & Transparency | Scoop.it
This diagram is from a 2008 IMF report and was included at the Financial Crisis Inquiry Commission website.

The diagram shows how mortgages were combined into pools and rights to the cash flow from these mortgages sold to investors via residential mortgage-backed securities (RMBS). High-risk RMBS securities were purchased by legal entities called collateralized debt obligations (CDO) which issued another layer of securities to investors.
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Rating-Karte - So zahlungskräftig sind die Staaten

Rating-Karte - So zahlungskräftig sind die Staaten | ECONOMY & Transparency | Scoop.it
Griechenland am Rande des Abgrunds, andere Euro-Staaten gefährdet und zuletzt eine Herabstufung des Ratings von Zypern. Die interaktive Karte zeigt Kreditwürdigkeit und Verschuldung der Euro-Länder und der USA.
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Debtocracy International Version - on Dailymotion

For the first time in Greece a documentary produced by the audience.
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