Tag Archives: portugal

France, Germany agree transaction tax for “true European economic government” (People’s Movement)


The Germans and French agree again! France and Germany have agreed plans for a transaction tax as part of a deal to set up a new “true European economic government” for the euro zone; but they demand that the tax … Continue reading

Posted in Bankers' Bailout, Budget, ECB/IMF, Economy, ESM / European Stability Mechanism, EU, Euro / Sovereign Money, Geopolitics, Germany, Greece, Housing Bubble, ireland, Taxation | Tagged , , , , | Leave a comment

San Francisco Chronicle / Bloomberg: “Greece, Ireland, Portugal Should Default on Debt, Hedgefund Says


From the San Francisco Chronicle / Bloomberg – Greece, Ireland, Portugal Should Default on Debt, Pimco Says: Aug. 17 (Bloomberg) — European politicians should let Greece, Ireland and Portugal default while taking steps to ensure Italy and Spain won’t, according … Continue reading

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

Back where we started? Deal agreed at EU summit rests on some heroic assumptions (People’s Movement)


Back where we started? Euro-zone leaders took some measures last week to save their currency. But the deal agreed at the EU summit rests on some heroic assumptions. Moreover, with the confusion over figures and formulas that arose in its … Continue reading

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

A spectre is haunting Europe – the spectre of democracy (Guest post)


All the powers of the European Union have entered into a Holy Alliance to exorcise this spectre: the European Council, Commission, Central Bank, Court of Justice, German Chancellors, French Presidents and national politicians who are prepared to do almost anything … Continue reading

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

Portugal’s ‘junk’ status – can we be far behind? (Guest Post)


The ECB has suspended a minimum rating requirement for Portuguese bonds after one of the major credit rating agencies earlier this week downgraded Portugal to ‘junk status’. The EU Bank has decided to suspend ‘until further notice’ the minimum rating … Continue reading

Posted in Accountability, Bankers' Bailout, ECB/IMF, Economy, EU, Euro / Sovereign Money, Geopolitics, ireland | Tagged , , , , | Leave a comment

“The Greek Crisis and the Threat to Political Liberalism: A cautionary tale for Ireland, Portugal, the whole of Europe” (Yanis Varoufakis)


Shades of Section 31 (remember that, when you fondly remember Garret Fitzgerald’s “liberal” credentials..?) – no, not the Star Trek Section 31, but close: the classic Workers’ Party / New Agenda / Democratic Left / Neo-Labour leadership, entryism, institutional capture, … Continue reading

Posted in Accountability, Civil Rights & Liberties, Economy, EU, Ideology, ireland | Tagged , , , , | Leave a comment

“The European problem is way beyond Greece… we’re probably going to have to restructure Ireland and restructure Portugal.” (Bloomberg)


Pay no attention to that Varadkar behind the curtain! Via Bloomberg – Problems Go ‘Way Beyond’ Greece: “The European problem is way beyond Greece,” Fink said in the interview in Hong Kong. “Greece is the most immediate problem. I find … Continue reading

Posted in Debt Default/Restructuring, ECB/IMF, Economy, ireland | Tagged , , , , , , , | Leave a comment

Guest Post: Portugal finally admits that it needs a bail-out


And the Spanish economy minister tries to hold back the waves Portugal’s caretaker prime minister, José Sócrates, announced last week that he had asked the EU to bail out Portugal. In a televised address he said: I want to inform … Continue reading

Posted in Accountability, Bankers' Bailout, Budget, ECB/IMF, Economy, EU, Euro / Sovereign Money | Tagged , , | Leave a comment

Guest Post: EU “solidarity” that can only make our bad situation even worse


Just when you thought it couldn’t get any worse, along comes a new piece of EU “solidarity” that can only make our bad situation even worse. The Tánaiste, Éamon Gilmore, has admitted that Ireland will be required to pay approximately … Continue reading

Posted in Bankers' Bailout, Civil Rights & Liberties, Debt Default/Restructuring, ECB/IMF, Economy, EU, Geopolitics, ireland, Taxation | Tagged , , , , , , , , , , , , , , , , , | Leave a comment

Socrates Defeat does not preclude Greek victory against Germans


Posted in Audio/Video, EU, Humour | Tagged , , , , | Leave a comment

The Market Oracle: “Something has to give”


From Ashraf Laidi at The Market Oracle – ECB Peripheral Divergence and EUR/USD: The divergence (contradiction) between rising peripheral Eurozone bond spreads and the rising euro caused many to question the sustainability of the currency’s rebound. How could the euro … Continue reading

Posted in ECB/IMF, Economy, EU, Euro / Sovereign Money, ireland | Tagged , , , , , | Leave a comment