Speaking to a broad spectrum of people in Greece I am starting to wonder if bank runs are a fiction...
Banks
I was reading this article in Athens News and it struck me (more…)
There are many sources that carry detailed answers to these questions and I could argue they are all correct but...
There is talk about a complete private sector strike tomorrow in Greece as a protest at further tax increases. But...
The ND government in Greece are continuing their line that the Hellenic Post Bank is unviable. (more…)
Banks are getting a bad press at the moment and it appears governments are people are powerless without them, but...
We can , as individuals, print our own, trusted, personal currency. After a conversation on Yanis Varoufakis's blog I found myself...
The Greek government has come out today and stated that the Hellenic Post Bank is not viable. (more…)
Most of the media is saying that the answer to the crisis in the Euro is for the ECB to...
It's been going for 8 years and the Greek government is still no closer no reducing it's deficit and in...
Obama and Hollande in France get easy points by saying they will tax the rich. (more…)
I was speaking to a Greek lady yesterday and she was wondering what the effect would be in Greece now...
Let me say from the off that I think Peter Schiff rocks but when it comes to austerity in Europe...
Bloomberg were covering a story this morning regarding a Senate investigation into HSBC's banking operations. It appeared to me as...
Something that is already widely known amongst politicians but apparently the media have just heard about it. The government manipulated...
So the news reports that Rajoy is following the same program of "austerity" as Greece. The effect that so-called "austerity"...
It is a common line by liberals that a Gold standard would be manipulated by the mega rich. The thinking...
A lot of things came out of Paul Tucker's testimony yesterday in front of a Commons Select Committee. The first was...
Did Paul Tucker let the cat out of the bag during his testimony? Let me first repeat the them of...
The World Socialist Website carried this article. And it is a prime display of ignorance and/or stupidity. Either that or...
Russia Today commented on an article by Yannis Varoufakis regarding the ECB profiting by 840 million Euros on loans made...
Let me first apologise for the long winded podcast, I do it on my way to work and the traffic was particularly...
I'm watching the testimony live here http://www.livestation.com/en/bbc-world The point that is coming through in my mind is that the way LIBOR...
One thing that has struck me through all the news coverage of the supposed LIBOR rigging has been the complete...
Athens News reports today that out of the 1 billion Euro bailout tranche paid to the Greek government in June,...
Bloomberg did a little piece of the LIBOR rate rigging scandal today. If you are the sort of person that...
The EU summit on the weekend has announced that banks could now get direct access to a country's tax revenue...
Just caught this article. Apparently banks have been working together to fix interest rates. This does not surprise me, I...
So what are Eurobonds? This is government debt which is backed by all the governments in the Eurozone. What is...
1. Fascist. You have the Spanish finance minister on TV categorically denying that the government has anything to do with...
Even I cannot believe it. This is the Editorial in Athens news today. (more…)
Wikipedia has a complicated explanation of fraudulent conveyance and why it is illegal but it simple terms it boils down...
The transfer is fraudulent if made with actual intent to hinder, delay or defraud any creditor. Thus, if the transfer is...
So a judge is not the prime minister of Greece. Here is an article explaining the situation in more detail....
The money system of most countries of the world is based on the central banking business model. The business model...
Central bank From Wikipedia, the free encyclopedia This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material...
Bailouts say banks can borrow as much money as they want, if the government can't pay the loans back directly...
Troubled Asset Relief Program From Wikipedia, the free encyclopedia "TARP" redirects here. For other uses, see Tarp. This article is about...
Apparently Greek banks could need up to 50 billion Euros to stop them from becoming state entities. Ever since Gordon...
Nationalisation of Northern Rock From Wikipedia, the free encyclopedia People queuing at a branch of theNorthern Rock bank in Brighton on 14 September...
I had the pleasure of speaking to a lady working in Greece today and she was explaining the new taxes...
I have written before about the constant stalling on the holding of general elections in Greece. The news today is...
Are Greek politicians being unwittingly used to manipulate Greeks into accepting the surrender of their countries sovereignty to Europe? Greek...
The Greek recession has been, and is being deliberately induced by the Greek government. The purpose is vilify German economic...
The ECB is currently influenced by German politicians (Bear with me, it takes a while for me to get to...
Athens News covers an intelligencesquared debate held in Greece yesterday. Roubini is one of the most respected economists on the...
Assuming Germany and the EU decide not to "bail out" Greek bank depositors. What does that say about the last...
The single biggest issue with a Greek government default will be the effect it has on the banks in Greece....
Μεταφρασμένα με Google Υπάρχει ένα θεμελιώδες ζήτημα που θα μπορούσε να επηρεάσει όλους τους Έλληνες σε χρεοκοπία. Παρά τα οικονομικά προβλήματα στην Ελλάδα είναι αποκλειστικά κάτω από τηνελληνική κυβέρνηση, εκτός και αν οι Έλληνες λαμβάνουν...
There is one fundamental issue that could affect all Greeks in a default. Despite the economic problems in Greece being...
German finance minister Schaeuble is quoted today by Reuters as saying; "The promises from Greece aren't enough for us anymore,"...
Εάν ο γείτονάς σας βρέθηκε σε αδυναμία να πληρώσουν την υποθήκη τους και τον τραπεζίτη σας για να σας ήρθε...
Απειλές είναι τα μόνα εργαλεία που Παπαδήμος και η ελληνική κεντρική τράπεζα έχει. Λογικό επιχείρημα αυτό δεν είναι με το...
Threats are the only tools that Papademos and the Greek central bank has. Logical argument is not on their side....
But why? Germany has made it quite clear that it is the Greek government's choice as the whether they want...
At a time when the Greek GDP is not enough to service the Greek debt load, Papademos has announced that...
Before talking about the new Drachma, we first have to identify the problem with the current Euro currency system and...
Merkel continues to put up impressive resistance to the attempts of Sarkozy and the international banks to put the printing...
Despite massive pressure from the international banking cartel as well as other European countries and her own electorate Merkel continues...
Kathimerini is one of the biggest newspapers in Greece. Today "the editors" have come out with an article dealing with...
It started on the weekend with the governor of the central bank of Greece telling people he will send the...
Provopoulos the governor of the Greek central banks has, in an interview on the weekend, outlined his strategy for the...
Something big must be on the horizon for Greece. For no apparent reason the privates banks have been on a...
"Alternate Finance Minister" acknowledges government actions over the past 3 years have made things worse. Greeks have been put through...
Bloomberg reports that Christine Lagarde has stated that it is unfortunate that there are such things as democracies because they...
So Papademos has been in power for around a month and the Greek propaganda machine has come and said there...
The National Bank of Greece needs to take 1.3billion Euros from the "state support fund", presumably to stay afloat. NBG...
Nicolas Sarkozy has come out and said that the Greek austerity measures are not a big enough "punishment" on the...
Lucas Papademos From Wikipedia, the free encyclopedia (more…)
Athens News carried an article today saying how 3 out of 5 Greeks approve of Papademos as Prime Minister. How...
EKathimerini carried an opinion piece today by Stavros Lygeros. And the article is as good an example as any of how...
Looking at this article Ill go through the article piece by piece 1. Charles Wyplosz says this - Angela Merkel’s vision of fiscal...
Wikipedia defines tyrant as Plato and Aristotle define a tyrant as, "one who rules without law, looks to his own advantage...
Mervyns King, governor of the Bank of England’s reading a statement regarding the Monetary Policy Commission’s latest recommendations httpv://youtu.be/vU03yTufdAo To...
While it is nice to see people protesting, unfortunately the Occupy Movement is protesting for more government and less big...
Either Sarkozy is completely incompetent or completely crazy or pumping out propaganda for an as yet, undisclosed purpose. The People's...
The cars are people, some people are richer than others, just like some cars are more expensive than others. You...
Athens News carried a nice article regarding the Greek Central Bank statement "last such opportunity" Most of it is the...
Looking past the obvious commentary given in the mainstream media which is "investors must think Germany is not a safe...
