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Posts Tagged ‘Casino-banking no solution’

The Irish PM or ‘TAOISEACH’ Enda Kenny met Chancellor Angela Merkel yesterday in Berlin – Loser Cameron due tomorrow – comment by OTA-Berlin Constituency Blog contributor Mr Emil Hoogensteyn

Thursday, November 17th, 2011
merkel

The global capitalist debt crisis has created a veritable tectonic shift in European Union the EU – financially and politically. However some are indeed asking is this ‘tectonic shift’  also turning into a ‘Teutonic shift’.

These changes, would normally take decades to come about however it seems to have happened this time in just 4 years.

The answer in German is the popular word [...] Continue Reading…

No to ‘Quantitative easing’ – ‘No to privatizing of profits and the socializing of losses’ and ‘No to instant easy-fix solutions’ says German Minister of Finance Wolfgang Schäuble – by OTA-Berlin Constituency Blog contributor Mr W van Coeveren

Thursday, October 13th, 2011
Wolfgang Schaeuble

The German Minister of Finance Wolfgang Schäuble is reported to have said yesterday that non-government private commercial lenders to Greece should either take a hair-cut or be given a hair-cut.
Brussels also wants these private banks to accept ‘haircuts’ – losses- of 30%-50% of their holdings in Greek debt instead of the presently agreed 21%.
In other words private banks should [...] Continue Reading…