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Eurozone crisis escalates – Chernobyl – Radioactive ships: Europe Today

/ April 15, 2012 / No comments

Markets face fresh uncertainty over Eurozone debts amid talk of a haircut for holders of Greek bonds bit.ly Barrose pledges to help Ukraine finance a new sarcophagus in Chernobyl bit.ly And the EU sets limits on radiation levels on ships from Japan bit.ly Goodmorning from Brussels, for our a quick overview of today’s European policy news headlines. Pressure on financially weak eurozone members is rising sharply again amid growing speculation that Greece will restructure its debt and after a Finnish vote showed mounting public opposition to more bailouts. The German government on Monday indicated that it no longer believes that Greece, which sealed a €110 billion bailout from the EU and IMF a year ago, will make it through the summer without a restructuring. Meanwhile, the European Commission, European Central Bank and International Monetary Fund are meeting Portuguese government officials in Lisbon to set the terms for the EU’s third rescue in a year following the deals for Greece and Ireland. The fresh wave of uncertainty that is hitting the financial markets means that interest rates are going up. Here in Belgium, market rates rose to their highest in more than two years. Meanwhile, Ukraine looks to the world today to pledge more funds to help it contain the consequences of history’s worst nuclear accident. The EU on Monday committed another €110 million for a new sarcophagus that will seal the damaged reactor at least until the end of the century Leaders from the G8 …

This Financial Debt Crisis is Global and now more than ever it is extremely important that you be mentally and financially prepared for the worst.

Bob Wick Recommends Leveraging Your Money
If you have savings, 401k, IRA, stocks or other investments you should know exactly where to put you money today for the best possible returns.

That being said, in order to make the best financial decisions possible during this “Global Financial Debt Crisis” you need to be educated on how we ended up in such bad shape in the first place. Read More

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Who benefits from a Eurozone crash? | Euro crisis update

/ April 6, 2012 / No comments

London City trader Alessio Rastani this week predicted in a BBC interview that the eurozone market is going to crash. “The market is toast,” he told a visibly shaken interviewer. According to Rastani, the market has no confidence whatsoever in the euro rescue packages that are being discussed at the moment. There is nothing that governments can do, he said. ‘It’s not going to work,” he said. “The euro is going to crash. Markets are ruled by fear.” EUXTV’s Ray Frenken draws on his background as a financial journalist and looks at some of the possibilities that investors may deploy in order to benefit from the crash that they predict, such as taking positions in the options market as an insurance policy. “This economic crisis is like a cancer. Get prepared. This is not a time for wishful thinking. The governments do not rule this world. Goldman Sachs rules the world.” The financial institutions “know the market is toast, he said. Watch the original interview at www.youtube.com Also make sure to read: www.telegraph.co.uk

This Financial Debt Crisis is Global and now more than ever it is extremely important that you be mentally and financially prepared for the worst.

Bob Wick Recommends Leveraging Your Money
If you have savings, 401k, IRA, stocks or other investments you should know exactly where to put you money today for the best possible returns.

That being said, in order to make the best financial decisions possible during this “Global Financial Debt Crisis” you need to be educated on how we ended up in such bad shape in the first place. Read More

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Euro Crisis Update: Merkozy, Dexia, Nobel Prize, Dual Currency

/ March 21, 2012 / No comments

The leaders of Germany and France have promised to unveil new measures to solve the euro zone’s debt crisis by the end of the month. EUX.tv’s Ray Frenken digests the latest developments in this euro crisis update. That as international pressure builds for bold steps from Europe to avert an economic backlash of global proportions. German Chancellor Angela Merkel and French President Nicolas Sarkozy said after talks in Berlin on Sunday evening that their goal was to come up with a sustainable answer to the problems in Greece. They also agreed on the need to recapitalise European banks and to present a plan for accelerating economic coordination in the euro zone before a G20 summit in Cannes on 3-4 November. But they declined to reveal any details of their plan ahead of an EU summit of heads of states on 17-18 October that is expected to flesh out the proposals. British Prime Minister David Cameron urged Merkel and Sarkozy to take a “big bazooka” approach to the crisis, telling the Financial Times that euro zone leaders had to break their cycle of doing “a bit too little, a bit too late”. Meanwhile here in Brussels, the Belgian government has nationalized the Belgian arm of French-Belgian bank Dexia, which was severely exposed to Greek government debt. Belgium is taking on responsibility for some 60 percent of Dexia’s debt, which can cost it as much as 60 billion euro. Economists are wondering what the consequences will be for Belgium’credit rating. Dexia is not the only …

This Financial Debt Crisis is Global and now more than ever it is extremely important that you be mentally and financially prepared for the worst.

Bob Wick Recommends Leveraging Your Money
If you have savings, 401k, IRA, stocks or other investments you should know exactly where to put you money today for the best possible returns.

That being said, in order to make the best financial decisions possible during this “Global Financial Debt Crisis” you need to be educated on how we ended up in such bad shape in the first place. Read More

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Greece says will miss deficit targets; Euro ministers meet; Greek rescue votes | Euro Crisis Update

/ March 18, 2012 / No comments

Greece said on Sunday that it will miss its new deficit targets next year as it presented a massive bailout package ahead of the key Eurozone finance ministers meeting in Luxembourg Monday and Tuesday. Raymond Frenken previews the week ahead in the euro crisis. Greece will miss a deficit target set just months ago in a massive bailout package, according to government draft budget figures released on Sunday, showing that drastic steps taken to avert bankruptcy may not be enough, Reuters has reported. The dire forecasts came while inspectors from the International Monetary Fund, EU and European Central Bank, known as the troika, were in Athens scouring the country’s books to decide whether to approve a loan tranche. Without that installment, Greece would run out of cash as soon as this month. The 2012 draft budget approved by cabinet on Sunday predicts a deficit of 8.5 percent of gross domestic product (GDP) for 2011, well short of the 7.6 percent target. The 2012 deficit is set to meet a nominal target of 14.6 billion euros, but at 6.8 percent of GDP it falls short of a target of 6.5 percent, because the economy will shrink further. “Three critical months remain to finish 2011, and the final estimate of 8.5 percent of GDP deficit can be achieved if the state mechanism and citizens respond accordingly,” the Finance Ministry said in a statement.

This Financial Debt Crisis is Global and now more than ever it is extremely important that you be mentally and financially prepared for the worst.

Bob Wick Recommends Leveraging Your Money
If you have savings, 401k, IRA, stocks or other investments you should know exactly where to put you money today for the best possible returns.

That being said, in order to make the best financial decisions possible during this “Global Financial Debt Crisis” you need to be educated on how we ended up in such bad shape in the first place. Read More

More Articles From Financial Debt Crisis

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