Euro crisis: It is time for European debt restructuring. Will Europe dare to undertake it?
Euro-zone weights a new plan to face the crisis, which will be discussed during the Brussels European Summit, and for which Europe expects to receive support from their G-20 colleagues, in the next Group meeting, More...
Dark Clouds over the Global Economy
By Raul de Sagastizabal The downgrade of American bonds along with the problems of the European over-indebtedness increases the fear of a recession or a sharp slowdown in the global economy. Much of the market turmoil More...
Irish Gloom and Koreans on Brink of War Push Stock Markets into the Red
As if the rescue of Ireland’s collapsing economy and fears over Portugal and Spain in the debt-domino-debacle wasn’t enough, North and South-Korean fire exchange adds fuel to an already blazing fire More...
Eric Cantona Calls for Run on the Banks
As Europe crumbles under an ever worsening debt crisis, activists are calling for a banking crash on the 7th December. Ex-footballer Eric Cantona has taken up the task to promote a revolution against the banking More...
Ireland Bailout Within 2 Weeks, Portugal in 1 Month says RBS
The public debt crisis sweeping the European Union could be moving into decisive moments. The British governement controlled RBS (Royal Bank of Scotland) is betting on a bailout for Ireland in less than 15 days More...
Who Owns the American Dollar?
I have never heard anyone question who owns the U.S. dollar as it seems obvious; the state owns and manages it. Not so quick: It belongs neither to the government of the United States nor, being a republic, More...
Japan heading for “financial meltdown” says analysts
Japan’s economy is heading towards financial meltdown, say analysts, who see that public debt in Japan is greater than that of any other industrialised nation. Public debt in Japan is heading towards 200 per More...
Debt Burden Continues to Cripple the South
Between 1970 and 2002, the continent of Africa received some US$540bn in loans. However, a United Nations Conference on Trade and Development (UNCTAD) study, Debt Sustainability: Oasis or Mirage? revealed that More...
The ongoing persecution of Haiti
Today Haiti is most commonly known for being the poorest country in the ‘western’ hemisphere and a land wracked by destitution and despair. This picture has only been reinforced by the horrific consequences More...
Is the EURO on the brink of collapse?
George Soros recently claimed the euro may not survive and be in danger of total collapse, given the sovereign risk threat from Greece and the growing debt burden of other member states. Soros declared that gold More...
