Tag Archives: EU

More Dire Predictions? Soros Compares EU Crisis To Collapse of The Soviet Union

The Blaze…

Two weeks ago, billionaire currency speculator George Soros said that the financial crisis in Europe had “taken a turn for the worse” and warned of “a long period of economic stagnation or worse” for the EU. Shortly after making those comments, the infamous market guru was back in the news for talking about betting against the euro. This week, he says the EU financial crisis reminds him of the collapse of the Soviet Union. Full Report →

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IMF chief warns over 1930s-style threats

From Financial Times…

The managing director of the International Monetary Fund has warned that the global economy faces the prospect of “economic retraction, rising protectionism, isolation and . . . what happened in the 30s [Depression]”, as European tensions again flared over suggestions in Paris that the UK’s credit rating should be downgraded before France’s.

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The eurozone really has only days to avoid collapse

From Financial Times…

In virtually all the debates about the eurozone I have been engaged in, someone usually makes the point that it is only when things get bad enough, the politicians finally act – eurobond, debt monetisation, quantitative easing, whatever. I am not so sure. The argument ignores the problem of acute collective action.

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Germany told to act to save Europe

Polish foreign minister Radek Sikorski: 'I will probably be the first Polish foreign minister in history to say so, but here it is: I fear German power less than I am beginning to fear German inactivity'

From Financial Times…

Germany is the only country in Europe that can act to save the eurozone and the wider European Union from “a crisis of apocalyptic proportions”, the Polish foreign minister warned on Monday in a passionate call for more drastic action to prevent the collapse of the European monetary union.

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Eurozone crisis could rip EU apart: officials

Poland's Finance minister Jacek Vincent Rostowski speaks during a debate on the economic crisis and the Euro at the European Parliament on September 14 in Strasbourg, eastern France. Rostowski said the eurozone crisis could wreck the European Union.

From France 24…

AFP – The eurozone crisis could wreck the European Union, top EU officials warned on Wednesday as the leaders of Germany and France held talks with Greece to avoid a default and widespread chaos.

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Spain expresses support for independent Palestinian state

From Haaretz…

Foreign Minister says he hopes an upcoming summit of European Union foreign ministers will ‘give Palestinians hope that a state could become reality.’

European Shares Fall Most Since March 2009

From CNBC…

European equities suffered their biggest daily fall in two and a half years on Thursday, as a slew of data cast further doubt on the strength of the recovery in the world’s biggest economy.

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