Search Results for: Eurozone

US economy moves toward recession as eurozone crisis widens

Recession

Federal Reserve chair Janet Yellen may have missed her window of opportunity to raise interest rates. The economic data no longer paint a picture of even a tepid recovery. Since the start of the year, key indicators for the economy began pointing toward recession. Add to that the recent Eurozone …

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Italy’s public debt hits new record high

Italy's Finance Minister Pier Carlo Padoan

The amount of public debt racked up by the eurozone’s third largest economy reached a new record of €2.2 trillion in May, up by €23.4 billion in a month, the Bank of Italy said on Tuesday. The hike was attributed to increased Treasury liquidity, the fall in the euro and …

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Greece likely to leave Eurozone and EU

Greece EU Grexit Athens

The Greek central bank warned Wednesday that the country could crash out of the eurozone and even the European Union if it fails to reach a bailout deal with international creditors. In one of the starkest warnings so far from a Greek institution, the Bank of Greece said: “Failure to …

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Eurozone needs €2.4 trillion in QE, experts warn

ECB EU QE Mario Draghi

The eurozone will need at least another three years of quantitative easing and €2.4 trillion of firepower to revive its flagging fortunes, Standard & Poor’s has warned. With unemployment stubbornly high and growth still bouncing along the bottom seven years after the financial crisis, the European Central Bank will need …

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Greece to trigger collapse of fascist eurozone

Greece Eurozone Yanis Varoufakis

From Filip Karinja, for Birch Gold Group Greece is rapidly running out of money. In a last ditch effort to remain afloat, the nation recently passed a law requiring all cash reserves in public sector entities to be transferred to its central bank, the Bank of Greece. This is just the latest round …

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Eurozone unemployment hits record-high 11.9%

Europe starving

Unemployed workers wait outside a government job centre in Madrid. Unemployment has hit unprecedented levels across Europe, with youth joblessness particularly high, according to a new EU report. Spain was hardest-hit: Overall unemployment was measured at over 20 percent, and youth joblessness was over 55 percent. The number of those …

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Eurozone unemployment hits all-time high: 19 million out of work

Europe unemployment

People queue outside a government employment office in Burgos. Eurozone unemployment levels have hit 12 percent – the highest in the history of eurozone record-keeping, since the currency was launched in 1999. The average unemployment rate across the eurozone’s 17 constituent European Union countries rose from January’s initial 11.9 percent …

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Goldman Sachs takes over America and now Europe

While ordinary people fret about austerity and jobs, the eurozone’s corridors of power have been undergoing a remarkable transformation. More and more emerges about the role of ruthless scam bank Goldman Sachs as the main tool of the bankster elite for a relentless, hostile takeover of a Luciferian one world government. This …

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Expect a tidal wave entrance into gold – Gerald Celente

gold tidal wave Gerald Celente King World News

Today top trends forecaster Gerald Celente discussed gold at length, as well as other important trends with King World News.  Celente is the founder of Trends Research, and the man many consider to be the top trends forecaster in the world.  Celente predicted, “a tidal wave entrance into gold,” because “the entire …

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European Central Bank to start buying private-sector debt

Benoît Coeuré ECB

The European Central Bank will start buying private-sector debt instruments within days with the aim of raising the bank’s holdings of assets and steering money to the economy, ECB executive board member Benoît Coeuré said Friday. The purchases “will have the objective to steer the balance sheet of the ECB …

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ECB to launch €1.1 trillion of quantitative easing

ECB Mario Draghi

Mario Draghi, president of the European Central Bank, has announced that he will pump €1.1tn at a rate of €60bn a month into financial markets until September 2016, in an attempt to prevent the fragile eurozone economy from grinding to a halt. In a keenly anticipated announcement at the ECB’s headquarters in …

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We are headed to a one world government – Nigel Farage

In an incredibly powerful interview, today MEP (Member European Parliament) Nigel Farage told King World News, “They even want to get eurozone countries to change their constitutions, to write in their constitutions that they will obey all orders from Brussels.”   Farage also warned “So it is very, very difficult to ignore …

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The countdown to the break up of the Euro has officially begun

The results of the elections in France and Greece have made it abundantly clear that there is a tremendous backlash against the austerity approach that Germany has been pushing. All over Europe, prominent politicians and incumbent political parties are being voted out.  In fact, Nicolas Sarkozy has become the 11th …

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This is Europe’s scariest chart

Youth Unemployment Europe

Surging Greek and Portuguese bond yields? Plunging Italian bank stocks? The projected GDP of the Eurozone? In the grand scheme of things, while certainly disturbing, none of these data points actually tell us much about the secular shift within European society, and certainly are nothing that couldn’t be fixed if …

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Greece agrees to 3rd bailout deal, more austerity

Greece flag tatters

The Greek government announced it has struck an ambitious bailout deal with creditors aimed at securing around €86bn (£61bn) over three years in return for radical economic reforms to be pushed through parliament as early as this week. News of the agreement following a marathon 24-hour negotiating session at Athens’ …

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Greece to tax cash withdrawals

Greece cash bank run ATM

Greece has revealed it will introduce a surcharge for all cashpoint withdrawals and financial transactions in a desperate attempt to prevent citizens withdrawing their money from the country’s beleaguered banks. Ministers hope the controversial move could raise as much as €180 million, which the Athens government hopes will help the country …

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The next banking crisis is coming

By Filip Karinja Following the global financial crisis back in 2008 you’d think the banks had solved their issues and it is business as usual. However this is not the case, something big appears to be lurking in the shadows of the banking system that could make 2008 look like …

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Pro-bailout party wins parliamentary elections in Greece

New Democracy Antonis Samaras

Greece’s pro-bailout New Democracy party has narrowly won the country’s parliamentary elections by securing 29.7 percent of the vote, the Interior Ministry says. The anti-bailout far left Syriza party garnered 26.9 percent of the ballots to come in second in the Sunday elections, the ministry said. The results showed that …

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