Speaking to a broad spectrum of people in Greece I am starting to wonder if bank runs are a fiction...
bank
I was reading this article in Athens News and it struck me (more…)
The ND government in Greece are continuing their line that the Hellenic Post Bank is unviable. (more…)
You probably already knew Moody's were clueless and not to be taken seriously. (more…)
Bloomberg were covering a story this morning regarding a Senate investigation into HSBC's banking operations. It appeared to me as...
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...
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...
Bloomberg did a little piece of the LIBOR rate rigging scandal today. If you are the sort of person that...
Just caught this article. Apparently banks have been working together to fix interest rates. This does not surprise me, I...
1. Fascist. You have the Spanish finance minister on TV categorically denying that the government has anything to do with...
Wikipedia has a complicated explanation of fraudulent conveyance and why it is illegal but it simple terms it boils down...
The control the central banks have over economies is become understood by more people everyday. On the 6th of April...
Troubled Asset Relief Program From Wikipedia, the free encyclopedia "TARP" redirects here. For other uses, see Tarp. This article is about...
Nationalisation of Northern Rock From Wikipedia, the free encyclopedia People queuing at a branch of theNorthern Rock bank in Brighton on 14 September...
The value of the Euro is controlled by the ECB through interest rates. To use a metaphor to explain how...
Athens News published a supposedly confidential IIF report on the cost of a Greek default. Here is my analysis. There...
The European Central Bank (ECB) is the institution of the European Union (EU) that administers the monetary policy of the 17 EU Eurozone member states. It is thus one of...
The Greek economy has been mismanaged by consecutive greek governments. The Greek central bank has been instrumental in allowing successive...
Ekathimerini spotted this important statement In his interview with CNBC, Papademos also stressed the need for wage reforms. “What you...
In a succession of statements designed to coerce the Greeks into new austerity measures the central bank governor of 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...
The National Bank of Greece needs to take 1.3billion Euros from the "state support fund", presumably to stay afloat. NBG...
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...
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...
Athens News carried a nice article regarding the Greek Central Bank statement "last such opportunity" Most of it is the...
I'll get straight to the point. This is the quote In a July article in The Globalist, an online political...
For the last 3 years it has seemed like the PASOK regime has folded like a handkerchief in the face...
Papandreou calling for a referendum has not only put Greece in an interesting situation but also Angela Merkel (more…)
Sarkozy wants to turn the ESFS into a bank funded by tax payers. Merkel wants to make the ESFS an...
No wait that's not right, the Bank of England wants to print 75billion pounds and give it to private banks...
Papandreou's Agenda Papandreou has made every Greek citizen in Greece a slave of the international bankers and for what? For...
I have criticised the Greek central bank governor before for his comments but today's quote in Athens News was the...
Can you think of another industry where all the players have made the same mistakes at the same time to...
The Bank of England has announced it will continue to stimulate the economy because of the faltering recovery. In other...
I have been trying to think of reasons why Papandreou would continue his course of action given all the evidence...
