by John Galt April 21, 2013 10:30 EDT Russia is apparently re-injecting their influence into the Cyprus crisis and with the upcoming vote on the EU/ECB bank heist agreement it is an interesting bit of timing for the Russians to do so. From VOA News: Russia Ties Cyprus Loan Terms to Release of Assets From the story: Russia wants to play a bigger part in talks over solving Cyprus’ financial problems but will only restructure its loan to the island if its interests there,…
by John Galt March 20, 2013 22:00 ET In August of 2011 this blogger observed the following in an article titled “The Most Dangerous Stock Market in the World is now down over 90%“: In the nation of Cyprus, divided for decades between Turks and Greeks. Orthodox Christian and Muslim, the danger is real and somewhat buried in the back pages as other more pressing issues which impact geopolitics surpassed the region in importance. With the nation divided at gunpoint and distrust at…
By John Galt July 11, 2011 I think this sucker could be going DOWNTOWN! This isn’t going to end well….
By John Galt July 5, 2011 When you go to Moody’s home page and read the information about the downgrade (available at this link) the lack of faith in the ECB’s plans to quasi-monetize their way out of the European Union PIIGS crisis has been exposed. Yesterday it was S&P commenting on the Greek bailout and today’s move by Moody’s to move Portugal from Baa1 to Ba2 is a bit of a shock to a nation already struggling to implement austerity Juncker style. The reasons…
By John Galt June 19, 2011 No sooner did I finish posting more information about the crisis in the Eurozone, the Spanish citizenry are in the streets marching and protesting the excessively high unemployment and austerity measures they are enduring. The report from Ireland’s Journal.ie said that the government hoped the protests would be peaceful after the violence experienced in Barcelona earlier this week. As the government fails to address the larger issues, the issue of solvency, this crisis will continue unabated. The chart…
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