European Central Bank

By IndepthAfrica
In Uncategorized
Aug 3rd, 2012
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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 poor grow...
By IndepthAfrica
In Europe
May 15th, 2012
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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 in Greece and France, as well as local elections in Germany ...
By IndepthAfrica
In Europe
Mar 19th, 2012
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57 Views
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 situation. What Brussels, which has recently approved a new 130b bailout f...
By IndepthAfrica
In Europe
Feb 22nd, 2012
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51 Views
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 lead to a significant debt reduction for Greec...
By IndepthAfrica
In World News
Feb 21st, 2012
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34 Views
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 economy. Al Jazeera...
By IndepthAfrica
In Europe
Jan 16th, 2012
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32 Views
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 by one. Italy’s rate cut from A to B...
By benim
In
Dec 29th, 2011
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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 bonds with an 11.44 percent coupon. It received bids w...
By IndepthAfrica
In Europe
Dec 4th, 2011
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62 Views
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 Greece. The Euro project was and is a spectacular ow...
By IndepthAfrica
In Europe
Dec 4th, 2011
0 Comments
42 Views
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. Economist Michael Huds...
By benim
In Europe
Sep 5th, 2011
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33 Views
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 as the 74 year-...