Tag Archives: European Central Bank
By Stephen Lendman Economic/financial systems dependent on wars and predation eventually self-destruct. Western capitalism is no exception. Money power runs things. War profiteering is policy. Ordinary people have no say. Exploiting them for profit is prioritized. Divisions between rich and … read more »
Posted in America, Global Issues
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Tagged Africa Countries, africa facts, africa for kids, africa karl wolf, africa lyrics, Africa news, africa news today, africa song, africa toto, african food, African History, Der Spiegel, European Central Bank, IndepthAfrica, Mario Draghi, Market trend, Paul Craig Roberts, Rasmus, reuters africa news, United States, Western world
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oters across Europe have spoken in the last week and the message they have sent has upended the fragile consensus that budget cuts and fiscal discipline would bring the continent back from the brink of debt Armageddon. In national elections … read more »
Vladimir NESTEROV At the moment, it is open to debate whether the Greek default is a fairly inescapable outcome or an accomplished fact, but, clearly, getting the Greeks out of trouble is not the point for those who handle the … read more »
Posted in Europe, Global Issues, Vladimir NESTEROV
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Tagged africa african news, Athens, European Central Bank, European Commission, European sovereign debt crisis, GDP, Greece, GROSS DOMESTIC PRODUCT, indepthafrica africa news, spain
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After 13 hours of overnight talks ending Tuesday morning at 5 a.m., euro zone finance ministers put together the latest rescue package for Greece. “We have reached a far-reaching agreement on Greece’s new program and private sector involvement that would … read more »
Posted in Europe, Global Issues
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Tagged Africa news, African news, Athens, European Central Bank, European Commission, Evangelos Venizelos, Greece, Greek, Indepth Africa Magazine, IndepthAfrica, International Monetary Fund, Jean-Claude Juncker
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Eurozone finance ministers have approved a 130bn euro ($170bn) second bailout package for Greece to resolve the debt-ridden nation’s immediate repayment needs. The deal reached after 13 hours of tortuous talks in Brussels, however, is unlikely to revive Greece’s ailing … read more »
Posted in World News
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Tagged Athens, Economy of Greece, European Central Bank, Greece, Greek, GROSS DOMESTIC PRODUCT, Indepth Africa, Indepth Africa Magazine, IndepthAfrica, Jan Kees de Jager, Lucas Papademos
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On Friday the 13th, ratings agency Standard & Poor’s (S&P) downgraded the credit status of nine European nations. The ratings of Cyprus, Italy, Portugal and Spain were lowered by two notches while Austria, France, Malta, Slovakia and Slovenia were lowered … read more »
Posted in Europe, Global Issues
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Tagged European Central Bank, European Union, France, Greece, Indepth Africa, Indepth Africa Magazine, IndepthAfrica, Italy, Nicolas Sarkozy, spain, Standard & Poor
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December 29, 2011 by benim
A Tanzanian 10-year Treasury bond auction was hugely undersubscribed on Wednesday, with the central bank selling less than 5 percent of the amount of bonds on offer. The Bank of Tanzania had offered 20 billion shillings of the fixed-rate Treasury … read more »
Posted in Business, Economy
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Tagged Auction, bank, Central bank, European Central Bank, Indepth Africa, Indepth Africa Magazine, IndepthAfrica, percentage, Shilling, Tanzania, United States Treasury security
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The European Union was never about Democracy and therefore it comes as divine justice that the ball which represents the Eurozone crisis was kicked off by a currency sculpted graphically around the Greek letter epsilon and rolls back, precisely, to … read more »
Posted in Europe, Global Issues
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Tagged Albert Einstein, Angela Merkel, European Central Bank, European Union, Eurozone, France, Greece, Indepth Africa Magazine, IndepthAfrica, Nicolas Sarkozy
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by Stephen Lendman Europe and America perhaps face their gravest ever economic crisis. Growing millions are impoverished, unemployed, and out of luck. Hunger and homelessness are increasing. So is unaddressed anger over handouts to bankers, not people facing crushing hardships. … read more »
September 5, 2011 by benim
Italy’s chaotic efforts to pass a new austerity plan already included disputed figures, policy U-turns and cabinet rows even before Silvio Berlusconi’s latest brush with scandal added prostitutes and wiretaps to the mix. European partners have looked on increasingly aghast … read more »
Global food prices held near three-year highs in July and stocks were low, piling on pressure on the world’s poor, the World Bank said on Monday. The World Bank Food Price index increased 33 percent in July from a year-ago … read more »
Posted in News
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Tagged About Africa, Africa news, African History, African Maps, All Africa, Arab League, breaking news, East Africa, European Central Bank, George W. Bush, IndepthAfrica, IndepthGhana, IndepthMultimedia, IndepthNigeria, IndepthSouthAfrica, IndepthWorld, North Africa, Pan African News, Robert Zoellick, Southern Africa, Sydney, United States, Wayne Swan, West Africa, World Bank, World economy
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British finance minister George Osborne is recruiting international support for his unyielding stance on deficit cutting, the Financial Times said on Monday. In an editorial article published in the FT, Osborne and several co-authors called for “hard decisions on spending, … read more »
World stock markets stabilized Tuesday after a day of dramatic plunges as futures pointed to a measure of calm returning to Wall Street following the Dow’s sixth-worst decline in the last 112 years. To be sure, investors remained on edge … read more »
Posted in Global Issues
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Tagged About Africa, Africa news, African History, African Maps, All Africa, Arab League, breaking news, dow jones industrial average, East Africa, European Central Bank, Hong Kong, IndepthAfrica, IndepthGhana, IndepthMultimedia, IndepthNigeria, IndepthSouthAfrica, IndepthWorld, New York Mercantile Exchange, Nikkei 225, North Africa, Pan African News, Southern Africa, Standard & Poor's, stock market, Wall Street, West Africa
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