Revolutions are Revolting

Revolutions are rarely what they appear to be. There was precious little Russian participation in the Russian Revolution. Let’s instead call it what it was; the hijacking of a nation by mostly non-Russian armed insurrectionists bankrolled by Wall Street....

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, which will take place on November 3 and...

IMFs Forecast Mistakes are not Trivial

The storm that threatens the global economy has been raging ever since the toxic assets crisis started five long years ago. That crisis has not ended, or receded, but transformed into multiple crises: from fiscal deficit and sovereign debt to poverty,...

Greece, the new failure of the IMF

By Raúl de Sagastizabal The new IMF failure, step by step Monday 8 March 2010. The IMF Director said that Greece does not need an IMF bailout. He believes Greece resolve its debt crisis without an IMF bailout, and today dismissed fears that other European...

Turmoil in Europe Predicted

Major insurers that specialise in providing cover against the effects of political unrest throughout Europe have seen a spike in the number of enquiries they receive. The Greek capital has already suffered deaths as a consequence of rioting. Britain...

Israel threatens attack on Iran, practices war games

Israel, in collaboration with Greece, has been carrying out war games on the island of Crete, in Souda Bay at a Greek air base. Haaretz reported that the war game has been given the codename “MINOAS 2010″ and consists of aerial maneuvers for...

Debt rating of Spain suffers downgrade

Spain follows Greece’s footsteps into a severe debt crisis as Standard and Poor’s rating agency cut Spain’s debt rating following a possible further deterioration of Spain’s budgetary position. Spain’s long-term sovereign...

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 is a bubble at the World Economic Forum...