Tag Archives: merkel

Automatic Austerity: 10 things you need to know about ’the Fiscal Compact’ (Corporate Europe Observatory)


On the 1st of March 2012, 25 EU heads of state or government will sign a new treaty[1], and if all goes as planned, it will enter into force early next year. The so called ‘Fiscal Compact’ was conceived in … Continue reading

Posted in Austerity / Cutbacks, Bankers' Bailout, Budget, ECB/IMF, Economy, ESM / European Stability Mechanism, EU, Euro / Sovereign Money, Fiscal Compact Treaty, Germany, ireland, Referendum | Tagged , , , , , , , , , , , , | Leave a comment

“They have decided to intervene in favour of our bonds to save themselves, not Italy” – Berlusconi (People’s Movement)


Silvio Berlusconi is reported as having commented during private conversations with Italian ministers regarding the ECB, Sarkozy, and Merkel: “They have decided to intervene in favour of our bonds to save themselves, not Italy. “If the green light of individual … Continue reading

Posted in Austerity / Cutbacks, Bankers' Bailout, Budget, ECB/IMF, EU, Italy | Tagged , , , , | Leave a comment

More European Systemic Banking Crisis (2)


 Spiegel – Politicians ‘Are Lying Through Their Teeth’ on Greek Aid Mish – Open Revolt Against Trichet: German Politicians Demand “Private Creditor Involvement”; Finland Support for Bailout Vanishes New York Times – Merkel Warns Against Inaction in Debt Crisis Wall … Continue reading

Posted in Bankers' Bailout, Debt Default/Restructuring, ECB/IMF, Economy, EU | Tagged , , , | Leave a comment

Guest Post: Fischer – Germany was being “disingenuous” in discounting the culpability of German bank


Political federation necessary, says Trichet The president of the European Central Bank, Jean-Claude Trichet, has warned euro-zone politicians that current plans for economic governance do not go far enough. Either we prove that we are able to find the new, … Continue reading

Posted in Accountability, Bankers' Bailout, Economy, EU, Geopolitics, Ideology, Superstate | Tagged , , , | 1 Comment

Quotable Quotes: “A bail-out is not possible and will not exist”


The euro has been a rock of stability, as illustrated by the contrasting fortunes of Iceland and Ireland. Richard Corbett, former British Labour Party MEP, 2009. Solidarity is possible, [and] will exist. A bail-out is not possible and will not … Continue reading

Posted in Accountability, Audio/Video, Bankers' Bailout, Economy, EU, Euro / Sovereign Money, Humour, Quotable Quotes | Tagged , , , , , , , , , , , | Leave a comment

Michael McDowell: “Sarkozy deserves gesture involving two digits and no other numbers”


From The Sunday Independent – Our leaders must now take a harder line with Merkel and Sarkozy than before: It is simply a question of exercising a demand for more power. Corporate tax harmonisation would attract more and more corporate … Continue reading

Posted in Accountability, Bankers' Bailout, Debt Default/Restructuring, ECB/IMF, Economy, Elections, EU, Euro / Sovereign Money, Geopolitics, Ideology, Independence/Nationalism, ireland, Solutions | Tagged , , , , , , , , | Leave a comment