A presentation by Dr. Heiner Flassbeck, a former deputy secretary in the German Ministry of Finance and currently chief economist the UN agency for World Trade and Development in Geneva. He talks about EMU and interest rates, and then links it all to class war and America.
posted by marienbad
on Dec 13, 2011 -
8 comments
Yields of 2-year Greek government bonds have been skyrocketing today, and are
currently at 76%. Credit default swaps show Greece with a
98% chance of default. Confidence in the Eurozone as a whole has been
tanking recently after a series of setbacks that leave a political solution looking increasingly unlikely. There was a
timely, gloomy discussion on RT yesterday on European and worldwide political/economic prospects
posted by crayz
on Sep 13, 2011 -
173 comments
Starting last month, the French daily
Le Monde has been publishing an economic thriller in series, called
Terminus pour L' Euro (in French) (The End of the Line for the Euro). The series is behind a subscription wall, but Presseurope has started republishing the series in ten languages,
including English...
The story narrates the events of summer 2012, as Germany decides to leave the Euro and what follows. It has caused a stir in France, as rumors about the true identity of the author (who signs the series as
Philae, after an island in Egypt apparently) continue to circulate, and some think he is the French agriculture minister
Bruno Le Maire.
Some say that the rumors that led to the
precipitous fall in French banks' stock a few days ago, were due to misunderstanding the fictional character of the story...
Real
rumors that Germany threatened to leave the Euro last year,
were dismissed by its Chancellor, yet as the eurozone crisis develops, no one is certain any more that the series is simply fiction and not a possible, real scenario,
advocated by
many...
posted by talos
on Aug 13, 2011 -
24 comments
Who would have thought it? The UK has
withdrawn the
500 Euro note after an investigation by
SOCA discovered that 90% of the notes in circulation were linked to crime. Nicknames the ‘
Bin Laden’ (you know its out there somewhere) the purple note worth $630 is a favourite of the criminally minded due to its ultra-portability and acceptance throughout mainland Europe.
Drug investigations in Latin America time and time again turn up large amounts of currency in this form.
According to Columbian financial regulators 234K Euros was legally imported and declared into the country but trails of 600M Euros being exported were discovered. Whilst money laundering and fraud relating to the Euro is
nothing new the decision to put into circulation such a high note must now be being questioned at the highest levels.
posted by numberstation
on May 13, 2010 -
95 comments
Good morning, ladies and gentlemen. In a few hours, I will destroy the Greek economy. Unless, that is, you give me the sum of...
one trillion dollars!
(SLNYT, but with this much money I can afford to look frumpy)
posted by anigbrowl
on May 10, 2010 -
61 comments
Is Jay-Z signaling a recession?
There is something quite alarming on the recently released “Blue Magic” music video ... it wasn’t sex, drugs, violence or explicit language that shocked my conscience. It was the Euros. The Jay-Z video flashed large stacks of $500 Euros. When I start seeing rap stars flashing euros instead of U.S. dollars, I know our economy is in trouble.
posted by azazello
on Nov 5, 2007 -
88 comments
Euro's rise raises 'catastrophic' fears The euro rose on Thursday, topping $1.35 for the first time ever, amid speculation that the United States would not act to counter the dollar's decline.
.
"If we remain in a situation without any coordination, we can imagine a catastrophic situation" for the global economy, Finance Minister Hérve Gaymard of France told manufacturers during a factory visit Thursday in Strasbourg
posted by Postroad
on Dec 24, 2004 -
60 comments
What if oil was traded in euros? "Even more alarming, and completely unreported in the U.S. media, are significant monetary shifts in the reserve funds of foreign governments away from the dollar with movements towards the euro. It appears that the world community ... seems poised to respond with economic retribution if the U.S. government is regarded as an uncontrollable and dangerous superpower."
An analysis of the previous link. Apologies to those I
posted by Birichini
on Apr 23, 2003 -
25 comments
Is the currency that oil is denominated in the real reason for the Iraq War? "The Federal Reserve's greatest nightmare is that OPEC will switch its international transactions from a dollar standard to a euro standard. Iraq actually made this switch in Nov. 2000 (when the euro was worth around 80 cents), and has actually made off like a bandit considering the dollar's steady depreciation against the euro. (Note: the dollar declined 17% against the euro in 2002.)"
posted by thedailygrowl
on Feb 11, 2003 -
35 comments
Have the anti-Euro lobby shot themselves in the foot? A video promoting opposition to the UK joing the Euro has been critisized for including a spoof of Hitler praising the currency. It's attracted publicity for the campaign, all right, but has it unmasked the "No" campaign as anti-Europe "little Englanders"? (Guardian link)
posted by salmacis
on Jul 3, 2002 -
23 comments
George F. Will complains about the Euro. Interesting, many of the arguments Will uses against the adoption of common European currency (loss of sovereignty, loss of cultural coherence) are the same ones used by critics against the WTO and corporate globalization.
posted by Ty Webb
on Jan 2, 2002 -
31 comments
The Euro. I have a question for all of the Euro-zone mefi members. Do regular folks in Europe think the varied governments will come together for the economic benefit of the whole or will regional differences doom the new currency?
posted by CRS
on Mar 26, 2001 -
9 comments
