The theme this week is collapse. It’s a big, complex topic because there are as many types of collapse as there are systems. Some systems appear stable on the surface but collapse suddenly; others visibly decay for decades before finally…
‘Sources within Athens media and finance told The Slog last night that Bank of Greece Governor Yannis Stournaras will be quitting his post today (Sunday). Alexis Tsipras will ask for his resignation in the light […]
‘There was a brief bout of Greek risk-on euphoria following yesterday’s latest twist in the winding road to the Greek insolvency, in which the Greek finance minister Varoufakis became the latest sacrificial scapegoat to be […]
Greek Debt Crisis Coming To Head – “Second Currency” For Greece and Contagion? – Greece Rapidly Running Out Of Cash – Soon Must Fold To Troika Or Default – IMF Rebuff Greek Suggestion To Delay Repayments – ECB’s Draghi Warns…
Greek Debt Crisis Coming To Head – “Second Currency” For Greece and Contagion? – Greece Rapidly Running Out Of Cash – Soon Must Fold To Troika Or Default – IMF Rebuff Greek Suggestion To Delay Repayments – ECB’s Draghi Warns…
‘With Greece teetering on the edge of insolvency and forced to raid pension and most other public funds, ahead of another month of heavy IMF repayments which has prompted even the ECB to speculate Greece […]
‘Greek officials said on Friday the country has enough money to pay the International Monetary Fund (IMF) a loan tranche of €460 million which is due on April 9. “We strive to be able to […]
‘On the same day the Tsipras government passed a “humanitarian bill” in the Greek parliament, at a cost of just €200 million. The bill provides free electricity and food stamps to some families in dire […]
Irish Finance Minister Dumps Stocks to Buy Gold – Ireland’s Minister of Finance shifted personal wealth out of stocks and into gold – Minister invested in SPDR Gold Shares ETF, Portuguese government bonds and other ETFs – Maintained holdings in…
‘Germany’s finance minister says Greece may leave the 19-member eurozone if the administration in Athens fails to clinch a final agreement with its international creditors. Speaking in an exclusive interview with German-language Austrian public broadcaster, […]
Gold Up 11 Per Cent In Euros This Year As Currency Wars Deepen – Gold has risen 11% versus the euro in 2015 – Builds on 12% gains against the euro in 2014 – Sentiment poor despite reasonable performance –…
Deutsche & Santander Fail ‘Stress Tests’ – Risk of Bail-Ins – Largest banks in Germany and Spain fail Federal Reserve’s ‘stress tests’ – Stress tests designed to assess whether lenders can withstand another financial crisis – U.S. subsidiaries fail…
Apple Gold Demand – Bloomberg View Misrepresents GoldCore – Bloomberg View’s Mark Gilbert misrepresents our widely read Apple gold demand – CNBC quoted extensively and favourably from our market update – Gilbert quoted selectively from our piece to misrepresent “gold…
‘Euro zone finance ministers met Monday to discuss a set of proposals from the Syriza-led Greek government based on the austerity programme both sides signed on February 20. Greece was required to submit a list […]
‘BREXIT’ Poses Risks To London Property, FTSE and Sterling Assets Political uncertainty beginning to impact bond and property markets UK bonds and stocks at all time record highs and ‘bubbly’ FTSE looks overvalued and ripe for sharp correction “Air of…