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Eurozone Crisis – Greece to Eventually Leave Euro? | Euro Trend ...

Eurozone Crisis – Greece to Eventually Leave Euro? | Euro Trend ... | money money money | Scoop.it
Eurozone crisis continues to expand as Spain and Italy struggle with servicing sovereign debt and high unemployment rates but Greece continues to be the epicenter of the immediate Eurozone crisis problem. Financial and living conditions in Greece have gone from bad to worse and many economists now are using the word depression to describe the state of the Greek economy. There is now fear that contagion from Greece will fuel a Eurozone crisis across the 17 nation membership.
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The financial crisis and EU-China trade interdependency - New Europe (blog)

The financial crisis and EU-China trade interdependency - New Europe (blog) | money money money | Scoop.it
Although China-EU trade reached its highest level in 2011, we can still see a slight decline of the EU's weight in China's trade since the financial crisis. The bilateral trade volume in 2009 took the highest share of China's external trade in recent 20 years, with 16.5%. Since then, it takes a downward turn, and in 2011 it dropped to 15.6%.
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Yes, they use the euro. And the economy is booming.

Yes, they use the euro. And the economy is booming. | money money money | Scoop.it
Sixteen months after it joined the struggling currency bloc, Estonia is booming. The economy grew 7.6 percent last year, five times the euro-zone average.
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What does the stock market tell us?

What does the stock market tell us? | money money money | Scoop.it
We are now into what financial market commentators call the ‘earnings season’ when the major companies in the US and Europe announce their quarterly earnings figures for Q2 in 2012. JP Morgan, America’s most successful bank, just did so and others are to follow this week. JP Morgan announced a massive $5.8bn loss on the trading scam that its London derivatives office had been engaged in. This loss is expected to grow to $7.5bn. Remember these trades and losses took place after the financial collapse and during the recovery since. It shows that the big banks have learnt nothing and the regulators have done nothing to stop ‘business as usual’, namely banks engaging in speculative investment trading to make profits rather than the basic banking job of taking deposits and making loans to the public (ironically, in its latest earnings results, for JPM, it was this basic business that did better!).
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Rates scandal may cost banks $22bn

Rates scandal may cost banks $22bn | money money money | Scoop.it
London - Twelve global banks that have been publicly linked to the Libor rate-rigging scandal face as much as $22bn in combined regulatory penalties and damages to investors and counterparties, according to Morgan Stanley estimates.
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The Libor Scandal and Capitalism's Moral Decay

The Libor Scandal and Capitalism's Moral Decay | money money money | Scoop.it
Maybe the acronym at the heart of the scandal is too confusing. Or Americans are simply tired of hearing about greedy bankers. By any measure, though, the Libor bank scandal is an extraordinary example of the 1 percent stealing from the 99 percent - and our crumbling ethics.
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LIBOR scandal set to rock U.S. as experts warn it could be 'the biggest consumer fraud in history'

LIBOR scandal set to rock U.S. as experts warn it could be 'the biggest consumer fraud in history' | money money money | Scoop.it
As the investigation into the LIBOR interest rate-rigging in the United Kingdom becomes a financial scandal of tsunami-like proportions, some analysts are openly wondering whether 16 of the world's largest banks have perpetrated the biggest fraud in history.
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The Crisis of Credit Visualized 中文字幕

original video: http://vimeo.com/3261363 (Crisis of Credit which caused the 2008 financial crisis http://t.co/UAKhY6aP...)...
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The Libor Scandal.The Biggest Financial Scam In World History.. so far.. 040712

Well, some of you by now have probably heard that the former CEO of Britain's Barclay's Bank resigned over the LIBOR scandal, and has accused the bank -along with others -- of "fixing" interest rates. I have to be honest: when I saw this, I simply laughed:
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World’s faith in capitalism erodes as financial crisis continues: Survey

World’s faith in capitalism erodes as financial crisis continues: Survey | money money money | Scoop.it
The financial crisis that has bred unemployment, austerity, and economic pain across the global for nearly fives years is also battering the reputation of the system many believe to be its main cause: “free market” capitalism.
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Too Big To Fail: Opening The Vault On The Financial Crisis

The new HBO original film, "Too Big To Fail", premieres on Monday, May 23 only on HBO. For more information on Too Big to Fail, go to http://itsh.bo/jBMY3r.
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An Overview of the Euro Crisis

An Overview of the Euro Crisis | money money money | Scoop.it
European leaders are dealing with growing debt problems that are rattling investors worldwide. Here is a visual guide to the crisis.
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The Untold Story of Deficits in Washington

The Untold Story of Deficits in Washington | money money money | Scoop.it
In 2000, the federal government had a balanced budget and projected surpluses for years to come. Fast forward a decade, and Washington runs steep budget deficits while news media report that federal spending is out of control. Americans now list federal debt and deficits as one of their top concerns for the nation.[1] But deficits depend on two things: spending and revenue. In 2000, when the budget was balanced, federal tax revenue amounted to around 20 percent of the U.S. economy.[2]
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Whither German Moderate Opinion? — Social Europe Journal

Whither German Moderate Opinion? — Social Europe Journal | money money money | Scoop.it

It’s an awkward question but one that must be raised repeatedly. Does Germany really want the euro to survive? Was the beloved DM sacrificed for unification? The German public—like their counterparts around the world—appear to be unduly influenced by their jingoistic press, one which tends to see Germans as the much-maligned victims of a Eurozone (EZ) crisis weighing increasingly on the country’s taxpayers. Mainstream German economists in particular have reinforced this view: in early July, 172 of them published a letter in the Frankfurter Allgemeine Zeitung denouncing the recently proposed EZ banking union, a union which they see as making Germany liable for the debts of Eurozone banks amounting to three times the size of EZ public debt.

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Encouraging Economics | Community Matters

Encouraging Economics | Community Matters | money money money | Scoop.it
[T]here is a boom … in high-value services (architecture, engineering and finance) and a growing ‘app economy,’ nurtured by Facebook, Apple and Google, which employs more than 300,000 people; its games, virtual merchandise and so on sell effortlessly across borders.”
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Business Is Not Economics

Business Is Not Economics | money money money | Scoop.it
A country is not a company — and it’s definitely not a private equity firm.
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Mish & Steve Debate: Steve Says (I)

Mish & Steve Debate: Steve Says (I) | money money money | Scoop.it
I’ve just taken time-out from the pre-conference social event at the Central Bank of Turkey annual conference, and (as enjoyable as that function was) it’s lucky that I did: Mish Shedlock has followed up on some criticisms of my “Modern Debt Jubilee” proposal with a post on real solutions for the debt crisis. I will try to reply to Mish’s follow-up before I turn in for the night here in Cappadocia.
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Debt: The First 5000 Years - Uprising

Debt: The First 5000 Years - Uprising | money money money | Scoop.it
David Graeber is an American anthropologist, author, and activist who teaches at Goldsmiths, University of London. His book, Debt: The First Five Thousand Years, is the topic of our discussion. In it, Graeber shows how debt, and debt forgiveness have been at the center of political debates across the world and have given rise to innumerable uprisings. He explores the history of money and credit, and how societies have been divided into creditors and debtors.
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English Chancellor: British Banks Ran 'Ponzi Schemes' In Lead Up To Crisis - Huffington Post

English Chancellor: British Banks Ran 'Ponzi Schemes' In Lead Up To Crisis - Huffington Post | money money money | Scoop.it
Ponzi schemes are partly to blame for England's 2008 financial crisis, according to one British official.
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China's economic growth slows to 7.6% - The Guardian

China's economic growth slows to 7.6% - The Guardian | money money money | Scoop.it
Second-quarter GDP growth in world's second largest economy falls to lowest rate since depths of financial crisis in 2009
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France Has No Sovereignty Issues in Euro Crisis - Businessweek

France Has No Sovereignty Issues in Euro Crisis - Businessweek | money money money | Scoop.it
France is ready to cede sovereignty to its European partners if it helps create greater willingness to share the financial burden of a common currency, European Affairs Minister Bernard Cazeneuve said.
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Puzzling Euro Strength Wanes At Last - Wall Street Journal (blog)

Puzzling Euro Strength Wanes At Last - Wall Street Journal (blog) | money money money | Scoop.it
Wall Street Journal (blog)Puzzling Euro Strength Wanes At LastWall Street Journal (blog)The euro slipped to lows against the dollar not seen for two years this week, and perhaps the most pertinent question is 'what on Earth took it so long?
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With Europe in Crisis, Egypt Must Reverse Course - AllAfrica.com

With Europe in Crisis, Egypt Must Reverse Course - AllAfrica.com | money money money | Scoop.it
With Europe in Crisis, Egypt Must Reverse CourseAllAfrica.comFor Egypt, the potentially catastrophic implications of a eurozone collapse points to the urgency of breaking with the Mubarak-era economic policies in a substantive and genuine manner.
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The golden rules of banking

The golden rules of banking | money money money | Scoop.it
THE crisis has taught people a lot about the banking industry and the thought processes of its leaders. These lessons can be distilled into four golden rules.
11. The laws of supply and demand do not apply. When food producers compete to supply a supermarket, the retailer has the luxury of selecting the lowest bidder. But when it comes to investment banking, wages are very high even though the number of applicants is vastly greater than the number of posts. If the same was true of, say, hospital cleaning, wages would be slashed.
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German officials trapped in conservative culture - MarketWatch

German officials trapped in conservative culture - MarketWatch | money money money | Scoop.it
Schaeuble, who has represented the same constituency in southwest Germany in Parliament for four decades, was once considered the likely successor to Kohl. A 1990 attempt on Schaeuble’s life confined him to a wheelchair and Kohl was reluctant to give up his job (staying on until 1998), so that Schaeuble’s chances for higher office faded.
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Curated by jean lievens
Economist, specialized in political economy and peer-to-peer dynamics; core member of the P2P Foundation