Tag: Financial Authorities

Sep 26

Is The Bank Of Spain Quietly Pulling Its Gold From Catalonia

From VilaWeb via Zero Hedge (Google translation): This afternoon (09.23.2015) held an unusual movement in the branch of the Bank of Spain, Barcelona, Catalonia Square. Over thirty armored vans were entering and leaving the building shortly after an unknown direction. Many people have the photographs. The Bank of Spain has refused to comment on the …

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Apr 30

Are the Greek Government’s goals so far from Troika’s?

“The current disagreements with our partners are not unbridgeable. Our government is eager to rationalize the pension system (for example, by limiting early retirement), proceed with partial privatization of public assets, address the non-performing loans that are clogging the economy’s credit circuits, create a fully independent tax commission, and boost entrepreneurship. The differences that remain …

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Apr 21

Greece in the arms of Russia and China

Following the “suggestion” from rhe Germany’s finance minister Wolfgang Schauble who said the Greeks are free to pursue deals with Russia and China as they rush to avoid an impending bankruptcy, the Greek Government is to sign an agreement with the Russian President, Vladimir Putin, after the many deals China closed in logistics and industry …

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Mar 27

Bank of England undermines the Classic Money Creation Theory

“In exceptional circumstances, when interest rates are at their effective lower bound, money creation and spending in the economy may still be too low to be consistent with the central bank’s monetary policy objectives. One possible response is to undertake a series of asset purchases, or ‘quantitative easing’ (QE)… As a by-product of QE, new …

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Dec 04

Bail-ins and deposit confiscation

From comedonchisciotte.org the (old) ‘Future of Banking in Europe’ Conference report (with some commercial interest by goldocore.com for example) is shocking… One of the aspects of the new negotiation on the European union will be a ‘bail-in’ of deposits when banks fail in the future. Michael Noonan, Ireland’s Minister for Finance at the time, confirmed …

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Sep 13

The German Constitutional Court’s “yes-but” answer to the ESM Treaty

The conditional approval of the ESM’s rules by Karlsruhe judges limits the secrecy of bailout agreements, in the name of the citizens’ right to be informed. It comes after 37.000 Germans signed the petitions against unlimited funding to ESM by Germany. The Court’s decision orders the two Chambers of the German Parliament be fully informed …

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Jul 20

Catastroika

Like in the disastrous sale of public goods in the former Soviet Union and DDR in the early nineties of XX Century, a limited company is in charge of privatise goods and services in Greece, water and energy included. The authors of Debtocracy, a documentary with two million views broadcasted from Japan to Latin America, …

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