World Bank: We’ve Entered “New And Dangerous Phase”
From the Australian: The world has moved into a “new and more dangerous phase” of economic uncertainty because of the European sovereign debt crisis, according to World Bank president Robert Zoellick....
View ArticleNow When Did You Last Hear The Term “Credit Crunch”?
From Reuters: Bank funding stress threatens Europe credit crunch The risk of a credit crunch in southern Europe is rising as banks face stress in their medium- to long-term funding, forcing some to...
View ArticleAnd You Thought Europe’s Banks Were In Trouble
You may or may not be aware that a big reason behind the current market turmoil, is Europe’s banks. French and Italian banks in particular have been the focus of attention in the past fortnight. But...
View ArticleBBC Left Speechless: “In Less Than 12 Months The Savings Of Millions Of...
Presenter: “Jaws have collectively dropped at what you have just said.” Stunning. The simple, honest truth is told, by an independent trader, on BBC News. So stunning is this, it was even shown last...
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