‘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 […]
‘Germany should pay reparations to Greece for ‘serious wrongs’ by the Nazis, members of Angela Merkel’s ruling coalition said last night. The German Chancellor has angrily rejected demands from Greek ministers for Berlin to pay […]
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…
‘Which explains why as we reported yesterday, Greece passed a law to plunder pension funds, one which would allow the government to fully invest reserves of pension funds and other public entities kept in Bank […]
‘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…
‘Remember when the infamous Goldman Sachs delivered a thinly-veiled threat to the Greek Parliament in December, warning them to elect a pro-austerity prime minister or risk having central bank liquidity cut off to their banks? […]
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 […]
‘Relations between Greece and Europe’s creditor powers are dangerously close to breaking point. Both sides have issued ultimatums, each insisting angrily on fixed positions and lashing out at each other with barely concealed animosity. “If […]
‘After the Syriza-led government’s decision to sign the February 20 Eurogroup statement and capitulate to European Union (EU) demands for more austerity in Greece, EU officials are stepping up their threats against the country. Since […]
‘Greek riot police fire teargas to disperse protesters demanding the release of all immigrants and refugees outside one of the country’s largest detention centers. Clashes broke out on Saturday after police forces used tear gas […]
‘Greek Prime Minister Alexis Tsipras has requested a meeting with European Commissioner Chief Jean-Claude Juncker, as the country is running short of cash ahead of a debt repayment scheduled this month. The recent request was […]
Canada’s Central Bank Orders End to ‘Spocking’ of Debasing Canadian Dollar – From “Spocking” in Canada to overtly political imagery in Greece, paper currency is growing in popularity – Outpouring of affection for Leonard Nimoy has inspired the phenomenon of…