Moral Outrage
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Posts Tagged ‘eurozone

Greece to default and cut from Eurozone on March 23?

February 16, 2012

According to a prominent blog post, written document giving firm dates and detailed actions for a planned Greek default has been in the possession of two top Wall Street bank currency trading bosses since the second week in January. The document asserts that Greece will officially be declared in default by all the ratings agencies […]

Euro collapse and consequent European riots

November 28, 2011

As the Italian government struggles to borrow, and Spain considers seeking an international bail-out, British ministers privately warned that the break-up of the euro, once almost unthinkable, is now increasingly plausible. The Treasury confirmed earlier this month that contingency planning for a collapse is now under way. A senior minister has revealed the extent of […]

Following the Money in the European Debt Crisis

September 25, 2011

Greece, Ireland, Portugal, Spain, and Italy are said to be cases of out-of-control people who now must get their houses in order – by way of huge cuts to government programs. Yet these cuts, known in the jargon as austerity measures, represent political crimes of equal if not greater magnitude to that burglary at the […]

More financial woes in stock markets and federal debt

August 8, 2011

U.S. stocks plunged, European markets closed sharply down, and Asia exchanges lost ground across the board Monday, as investors responded to the unprecedented downgrade of U.S. debt on Friday, and concerns around the ongoing eurozone crisis. John Chambers, managing director of Standard & Poor’s, says of S&P’s decision to lower the nation’s credit rating for […]