Marathon talks produce a euro zone rescue deal
www.euronews.net Europe's leaders have finally agreed a euro zone rescue plan after marathon talks lasting more than eight hours. The main points of the discussions surround three issues - the recapitalisation of the banks. This will act as a firewall against contagion from debt ridden countries. The second area is a bank 50 per cent write-off of Greek debt with the remaining possibly being given preferable rates of interest.
Euro zone rescue after marathon talks
www.euronews.net Europe's leaders have finally agreed a euro zone rescue plan after marathon talks lasting more than eight hours. The main points of the deal surrounded three issues - recapitalisation of the banks to act as a barrier against contagion between debt-ridden countries. Secondly, banks have agreed to write off 50 per cent of Greek debt, while the euro zone countries will offer sweeteners to the private sector.
Euro rescue plan in Brussels is short on detail
www.euronews.net Euro zone ministers meeting in Brussels have agreed to increase the firepower of their rescue fund as experts say time is running out the save the euro. No figures were released to say exactly by how much the European Financial Stability Facility would be beefed up - one trillion euros still appears to be the preferred target. Jean-Claude Juncker, Eurogroup President explained:
Edward Harrison and Demetri Kofinas on the Future of the Eurozone
The G20 summit in Cannes has ended and despite any politicians putting forward Cannes-do attitudes in their speeches, in reality there isn't much to show for it as far as progress. As all eyes are on the eurozone debt crisis, and the reality is the EU was reportedly hoping to leave the G20 with international support for its eurozone rescue plan. Yet, there's no deal for members to give them money. Instead, members will continue talking about it. So forget politicians speeches and communiqués, what can we really expect to unfold. We speak to Edward Harrison, founder and chief contributor to Creditwritedowns.com, and Demetri Kofinas, Capital Account producer/contributor. To see more Capital Account please visit our youtube page: www.youtube.com
Capital Account Lauren Lyster Demetri Kofinas Edward Harrison Credit Writedowns Finance Money Economy Markets Europe Greece Eurozone EMU ECB SMP EFSF Euroarea Credit markets capital markets banks leverage default deleveraging liquidity solvency
CrossTalk: Currency Death
How much liquidity is needed to save the Eurozone? Why go in more debt to overcome deadly indebtedness? And is Germany going to remain the prime sponsor of the euro experiment? Will we see the Eurozone change its boundaries? CrossTalking with Andrew Lilico, Jeff Madrick and Jon Gaun on October 14. CT on FB: www.facebook.com
RT Peter Lavelle Andrew Lilico Jeff Madrick Jon Gaun eurozone Greece crisis Greece bailout Greece default angela merkel europe debt loss eurozone rescue plan capitalism crisis bailout Greece Portugal Germany France economy finance protests meltdown debt crisis depression crash market US Europe euro dollar fiscal banks credit rating
Euro Last Chance? 'Mer-Kozy' race against downgrade
The Eurozone is facing immense pressure to come up with a decisive rescue plan to its worst-ever debt crisis. A summit in Brussels later this week is considered the last chance for the Euro. EU leaders are expected to pore over the French and German leaders idea to revise the Lisbon Treaty - the 2009 agreement which reorganised how the entire EU works. President Sarkozee and Chancellor Merkel want tighter eurozone controls, and the power to impose cuts on bailed-out members. Greece, at the epicentre of the crisis, has just approved next year's austerity measures. But as Yegor Piskunov reports, for some it's too little too late. RT on Twitter twitter.com RT on Facebook www.facebook.com
RT Yegor Piskunov Germany France Angela Merkel EU summit German Chancellor Merkel budget cuts economy scandal eurozone Greece EU euro austerity eurocrisis democracy Berlusconi Europe Papademos European Central Bank Papandreou bureaucracy European taxpayers debt crisis European Union Brussels European Commission European taxpayers euro debt
Seoul welcomes EU leaders at G20 summit (raw video)
Finance ministers from European Union heavyweights Germany, France and Britain planned to issue a joint statement designed to calm financial markets jitters over the Irish crisis, German officials said Friday. The statement was being drafted by officials on the sidelines of a Group of 20 (G20) summit in Seoul. According to the German news agency DPA, the G20 was expected to refer to EU plans for a permanent eurozone rescue fund for countries that run into financial difficulty. Such plans were discussed by EU leaders at a meeting in Brussels last week. The current rescue plan expires in 2013. The news came over growing concerns that Ireland would be forced to follow in Greece's steps and call for an international bailout because of its record debt levels. Yields on 10-year Irish bonds hit an all-time high of 9.26 per cent Thursday, nearly four times the yield that is demanded by investors for equivalent German bonds.
Seoul welcomes EU leaders at G20 summit (raw video) EUX.tv EUX euractiv.com EUXTV euractiv
Sick System Reboot: Portugal sinks in euro quicksand
The European Central Bank has called on national governments to now do their part to ease the debt burden. Jean-Claude Trichet spoke ahead of a key meeting of world finance ministers, who are gathering in Paris to hammer out solutions to the crisis. The Fitch agency has also downgraded Spain's rating, as well as the creditworthness of several UK and Swiss banks. And Portugal is warning its deficit-cutting efforts are well off track. The Country's Prime Minster warns of deepening hardship next year with more pay cuts and tax increases ahead. RT on Twitter twitter.com RT on Facebook www.facebook.com
RT Daniel Bushell Irina Galushko putin beijing European Central Bank Fitch Spain rating UK banks creditwothness Indignados de Lisboa Portugal unemployment imf austerity cuts Occupy Wall Street eurozone Greece bailout Greece default europe debt loss eurozone rescue plan capitalism crisis Greece Portugal Germany France economy finance protests meltdown debt crisis depression market US Europe euro dollar credit rating
(Remix) Trader Alessio Rastani is a DOWNER!
"The Eurozone Rescue Plan will fail and the world is run by Goldman Sachs," according to the super dramatic Alessio Rastani. Dude's a huge downer. www.youtube.com www.LobeWater.com
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Italy becoming euro zone's new big headache
www.euronews.net As Italy threatens to take over from Greece at the heart of the euro zone debt crisis, European finance ministers have been meeting in Brussels. Weighed down by debt representing nearly 120 percent of the country's annual economic output, the Italian government's borrowing costs have risen sharply. But for its partners, a rescue plan is out of the question.
EU to intensify crisis management over Greece, eurozone: Van Rompuy, Barroso say
The worsening of the Greek crisis pushed eurozone leaders meeting in Brussels yesterday (7 May) to send markets and citizens a message of unity as they agreed to set up an intervention mechanism to shelter the euro from speculators. An extraordinary meeting of economic ministers on Sunday (9 May) will flesh out the details of a rescue plan for failing states. For more: www.euractiv.com The leaders of the 16 countries which use the euro debated calling for a permanent system to rescue members who fall into financial difficulties at a tense emergency summit, five days after finance ministers offered Greece a massive bailout. EU President Herman Van Rompuy, French President Nicolas Sarkozy, German Chancellor Angela Merkel and the heads of the European Commission and Central Bank, Jose Manuel Barroso and Jean-Claude Trichet, were locked in talks well beyond the planned 7 pm opening time as they debated the declaration. The content of the declaration is close to a letter from Merkel and Sarkozy which called for tougher eurozone supervision and policing and tighter regulation of financial markets. Herman Van Rompuy: in the context of the task force headed by the President of the European Council we are prepared to broaden and strengthen economic surveillance and policy coordination in the euro area, including by paying close attention to debt level and competitiveness developments, reinforce second the rules and procedures for surveillance of euro area member States including <b>...</b>
Euro eurozone Greece Rompuy Barroso Herman van Rompuy Jose Manuel Barroso brussels press conference European Council crisis News EUX.tv EUX euractiv.com EUXTV euractiv
Euro ministers start talks on long-term crisis plan
Eurozone finance ministers discussed on Monday having more money in their rescue fund and cheaper emergency loans... as part of a package of measures to end the sovereign debt crisis. But they made no firm decisions. The chairman of eurozone finance ministers, Jean-Claude Juncker, said the ministers discussed many possible options under the package, but favoured none at this stage. Juncker vowed to accelerate work on the package, but was careful not to commit to being ready in time for EU summits in February and March. The ministers discussed a European Commission proposal to increase the effective lending capacity of the eurozone rescue fund, the European Financial Stability Facility (EFSF), to 440 billion euros from about 250 billion now. The EFSF was set up in May 2010 to borrow money on markets with eurozone government guarantees of up to 440 billion euros. But because the biggest eurozone economies want to maintain their triple A credit rating, the effective amount the fund can lend to countries in need is around 250 billion euros. Because of the rescue packages for Greece and Ireland, this facility has already been significantly depleted. More at: www.euractiv.com
euro eurozone crisis financial EFSF news Juncker Eurogroup Ecofin Brussels ministers meeting press conferencen Jean-Claude Juncker Schauble Proell Reynders EUX.tv EUX euractiv.com EUXTV euractiv
Merkel addresses Bundestag on euro rescue plans (Excerpts 1/2 - German)
German Chancellor Angela Merkel addresses the Bundestag on the European Union plans to save the euro. Re-used with permission from the Bundestag.
Angela Merkel Merkel speech Eurozone summit Brussels news European Union forex EU Berlin Bundestag Deutschland sarkozy Berlusconi euractiv.com EUXTV euractiv
The Greek Debt Crisis Europes Emergency Plan | Made in Germany
In Brussels, the eurozone countries have agreed on an emergency rescue plan for Greece. The plan involves International Monetary Fund assistance supplemented by loans from individual countries.What effect will it have on Germany? What do economists and entrepreneurs say about the compromise - and what do German voters think? Our reporter Kerstin Schweizer went to find out.
Eurozone Brussels European Economic Management Angela Merkel Euro Greece
Greek Debt Deal 'Warning to Spain/Italy'
Eurozone finance ministers agreed to a new rescue plan for Greece today, with a 130 billion euro plan that would call for private investors take a loss of 53.5% on their Greek bonds. But while finance ministers are calling this a good deal, a balance, a way to secure Greece's future, a leaked report that Reuters and the Financial Times got their hands on spells trouble, warning that two of the new bailouts main principles might be self defeating. Reason's Anthony Randazzo discusses.
The Alyona Show Alyona Minkovski RT America thealyonashow rtamerica Alyona Show Eurozone Greece Anthony Randazzo Reason Reuters Financial Times bailouts bonds investors austerity debt minimum wage elections party leaders
New Boss, Old Bias: Draconian IMF cuts call under fire
Eurozone leaders are preparing a rescue plan to prevent the escalation of the financial turmoil threatening to send the global economy back into recession. It comes as the IMF has warned it may not be able to help out bigger European economies struggling to tackle their debt. With a Greek default now widely considered a matter of time, the priority is to prevent bigger states such as Italy and Spain being dragged down. Greece has been hit by another wave of public protests against government austerity measures. But as RT's Gayane Chichakyan reports, the IMF is accused of being too tough on some countries while being too soft on others, like the US, where the 2008 crisis began. RT on Twitter: twitter.com RT on Facebook: www.facebook.com
RT Gayane Chichakyan Gerald Epstein Ian Vasquez Robert Zoellick global crisis IMF eurozone debt eurozone crisis Greece default Greece austerity Spain crisis Greece public protests Christine Lagarde Dominique Strauss-Kahn dollar euro US crisis 2008
UK prepares for Eurozone breakup...
From: RussiaToday on Dec 27, 2011 youtu.be As Eurozone nations sink ever deeper into crisis, the UK Treasury is working on a contingency plan for the single currency's collapse. It includes capital control measures that, under EU rules, require agreement from most of the Union members. Britain is also prepared to close its borders and evacuate expats and holidaymakers from the effected countries. Robert Oulds, president of the Bruge Groups of campaigners against excess unification in Europe says many countries will benefit if euro collapses. RT on Twitter twitter.com RT on Facebook www.facebook.com ................................................................... December 20th, 2011 21:00 Are British expats in Spain really running scared? By annanicholas It's OK, folks! The cavalry is coming. This Christmas as a million British expats (Is that all? Can't we beef it up? Ed) prepare to huddle on beaches, in coach stations and at airports throughout Spain, a few paltry possessions in hand, it's great to know that soon they'll be whizzed off back to the good old UK by storm troopers sent to rescue them from an apparently inevitable financial melt down of Spanish banks after the collapse of the euro. my.telegraph.co.uk ..................................................... A financial Dunkirk: Britain draws up plans to rescue expats if Spain and Portugal are hit by financial oblivion By Wil Longbottom Last updated at 10:00 AM on 18th December 2011 Evacuation plans for British <b>...</b>
RT Robert Oulds UK Britain parliament British referendum EU eurozone European Union Germany France Angela Merkel summit German Chancellor budget cuts economy scandal Greece euro austerity eurocrisis democracy Europe Central Bank bureaucracy taxpayers debt crisis Brussels
Merkel: We're aware of our responsibility
During a joint press conference with French president Nicolas Sarkozy on Sunday, German chancellor Angela Merkel said Eurozone government leaders are fully aware of their responsbility to deliver a rescue plan for the euro, but said that these complex decisions need time and care to be properly prepared. Merkel said that the Eurozone summit on Sunday in Brussels will prepare a decision to be taken on Wednesday.
Merkel Sarkozy Angela Merkel Nicolas Sarkozy Germany France euro eurosummit EUCO Crisis Eurozone Brussels European Union Summit news euractiv.com EUXTV euractiv
Everything is OK ! The crisis is over ?
Fuel strike: Advice to drivers changed after panic buying www.bbc.co.uk UK economy 'weak but showing signs of improvement' www.bbc.co.uk UK business optimism rises as fears of double-dip recession and a eurozone break-up fade www.telegraph.co.uk Eurozone contagion threat 'overstated' www.bbc.co.uk Eurozone ministers boost firewall to $1tn www.bbc.co.uk Eurozone unemployment rate rises in February www.bbc.co.uk US Federal Reserve stays concerned over growth www.bbc.co.uk FSA fines JP Morgan banker Ian Hannam for market abuse www.bbc.co.uk Credit Suisse head of European credit sales fined www.bbc.co.uk Web and email monitoring plans will not be rammed through, says Clegg www.bbc.co.uk Spanish debt fears hit eurozone markets www.bbc.co.uk ECB leaves key eurozone rate unchanged at 1% www.bbc.co.uk
gold silver bullion guildf40 ECB SPAIN Euro dollar Sterling currency crisis Credit Suisse BOE eurozone's rescue funds JP Morgan savings investments Web and email monitoring unemployment banking bonds devaluation pensions FED Ben Bernanke Economy
Black Friday MOB, EURO Zone & EURO COLLAPSE
What has America turned into? How will the Black Friday MOB react to the Collapse of the EURO and then the collapse of the US economy? I break it all down in this video. Thanks for watching and check me out on twitter and facebook BUSINESSES PLAN FOR END OF EURO www.ft.com Europe ramps up rescue fund, may turn to IMF finance.yahoo.com
euro collapse crisis Eurozone Crisis (Fleetway) Night Trance Economy Techno Beck News Economics Dance Remix Mix Electronic Glenn Friday dollar black hyperinflation Freedom Reserve Late Monday Gold Bank Schiff Government Financial Market Fed Fox Jones Glenn Beck Alex Silver Revolution Wall Gerald
Greece dept crisis-News Analysis-06-17-2011-(Part1)
Reports are coming from Greece as it is losing a thousand jobs a day and its suicide rate has doubled partly as a result of the economic crisis. This edition of News Analysis discusses the Greece economic and dept crisis with journalists and economic experts Max Keiser, Sean O'Gardy and Roger Knapman.
Press TV Greece dept crisis- News Analysis Greece economic crisis Max Keiser Max Kaiser world economy Greek economy Greek ECB EU Europe Euro Zone private inspectors rescue plan legal base mandatory participation Merkel financial rescue Defend stability banks pension funds Germany International Monitory Fund IMF share crisis public anger protests austerity measures bail-out cuts economic privatization plans Global financial system
Poortugal: 'If €78 bln bailout works, Eurocrats will own country'
Portugal's three main political parties have given their consent to a 78 billion euro bailout plan. Lisbon claims that the money promised to it by the EU and International Monetary Fund will be enough to help revive the country's crippled economy. Portugal's become the third Eurozone member to require a financial lifeline. Its caretaker Prime Minister says he had won easier terms than those imposed on Greece and Ireland. But although Jose Socrates said no drastic spending cuts are required, the Portuguese are fearful there'll be futher austerity measures. Dr. Eike Hamer from Mittelstands University of Applied Sciences in Germany, says if the bailout works, EU bureaucrats will control Portugal. RT on Facebook: www.facebook.com RT on Twitter: twitter.com
RT portugal bailout 78 billion 115 billion 116 billion dollar euro economy EU IMF finance crisis debt Eurozone rescue package Greece Ireland bureaucrats austerity cuts Socrates
Greece in crisis: Eurozone backs Franco-German plan
IN THE FIELD - Leaders of the 16 countries that share the euro currency have endorsed a Franco-German rescue deal to help Greece overcome its debt crisis. The aid plan includes a mixture of IMF funding and bilateral loans from eurozone partners.
France 24 EU europe Leaders 16 countries euro currency Franco German rescue deal help Greece debt
Euro zone debt crisis warning from UK
There are warnings over the euro zone's debt crisis from a Bank of England policymaker and Britain's new risk monitoring organisation. American economist Adam Posen from the central bank's Monetary Policy Committee says there's a growing risk that rescue plans for debt-stricken European countries will end badly. And Britain's Financial Policy Committee says the crisis poses the biggest threat to the UK's financial stability and banks must reveal their full exposure. ... www.euronews.net
Soli Demo with Greek People
The society belongs to the people and not to the banks.GREEK PEOPLE DO NOT WANT ANY OTHER RESCUE PLAN.Yesterday, the Greek Parliament approved the new austerity packaged that forces the people in to the misery in order to save the European banks. Under the pressure of the EU, the European Central Bank (ECB) and the IMF, and at the joy of the bankers all over Europe the Parliament decided to reduce the minimum monthly salary to 480 euros (435 for young people), the unemployment benefit to 369 euros, cut down pensions, privatize health care and education. The priority of the state will no longer be to ensure a decent living to the citizens of the country but to serve the debt towards the domestic and international creditors. The new 'rescue'-plan for Greece is actually a rescue plan for the European banks. The northern European tax payers will be forced to provide another 130 billion euros to serve the Greek sovereign debt. This money will end up directly to the European banks and will be never returned to the people. As the previous rescue-plans, the new plan is only meant to fail and take along into the path of destruction, the Greek people but also the European pension funds and the state finances of the rest of the Eurozone-countries. The Greek people took the streets yesterday in hundreds of thousands to fight the decisive battle against their enslavement to the bankers. The puppet-government of the banker Papademos does not enjoy the support of the people. The brutal <b>...</b>
WE ARE ALL GREEKS NOW Solidarity With Greece WE ARE ALL GREEKS Spirit Of Squatters #occupy Amsterdam Occupy Amsterdam rebels in Greece solidarity domonstration activism anti police violence anarchism human rights IMF World Bank Crisis
'Euro on edge, will collapse by November if no new crisis plan'
European Central Bank officials have agreed to buy Eurozone government bonds to fight the continental debt crisis. Although it's not clear yet which bonds the bank is going to buy - experts expect them to be from debt-laden countries like Italy and Spain. That's after the German government reportedly admitted that the EU rescue fund won't be able to save Italy, the Eurozone's third biggest economy, if it needs help. The G7 group of the most-industrialised nations are also vowing to support financial stability and welcomed what it called 'decisive actions taken in the US and Europe'. But financier and author Patrick Young says the EU needs to change tack immediately.
RT Italy bailout berlusconi speech Silvio Berlusconi Euro crisis bailout cuts cutbacks tax banks Greece bailout Greece debt crisis Spain Italy Ireland Italy news EU economy finance currency rate future expert analysis Greece default Europe Eurozone евро греция италия долг stock market news European Central Bank bonds ЕЦБ кризис
Police kill a 7 year old may 17, 2010
FUCK THE POLICE... police kill a 7 year old in Detriot this weekend with video proof that the cop lied. RIP Aiyana Jones. Killed in her the sleep. Cops are here to serve and protect but their killing us!!!!
Detroit Police KILL Year Old Girl Asleep Sleeping Couch Raid Gone Wrong Grandma cops crime central banks new world order alex jones infowars prisonplanet ron paul revolution pigs Iceland dow surges rescue plan TARP drugs sovereign debt union eu euro eurozone euro-zone us bankrupt bailout imf SHTF
Greece dept crisis-News Analysis-06-17-2011-(Part2)
Reports are coming from Greece as it is losing a thousand jobs a day and its suicide rate has doubled partly as a result of the economic crisis. This edition of News Analysis discusses the Greece economic and dept crisis with journalists and economic experts Max Keiser, Sean O'Gardy and Roger Knapman.
Press TV Greece dept crisis- News Analysis Greece economic crisis Max Keiser Max Kaiser world economy Greek economy Greek ECB EU Europe Euro Zone private inspectors rescue plan legal base mandatory participation Merkel financial rescue Defend stability banks pension funds Germany International Monitory Fund IMF share crisis public anger protests austerity measures bail-out cuts economic privatization plans Global financial system
Plan Merkel-Sarkozy: ¿más caro el remedio que la enfermedad?
¿Qué futuro tendrá la Eurozona? ¿Serán tiempos estables o convulsos? En estos días, los líderes de la Unión Europea analizan las medidas para sacar al euro de la crisis, pero según los expertos, no llevarán "más que al desastre de la economía del conjunto europeo". En medio de una semana tensa, con reuniones anticipadas y acalorados debates de los jefes de los gobiernos europeos, finalmente se celebrará del 8 al 9 de diciembre la Cumbre de la UE en Bruselas, encuentro que ya se considera el parteaguas de la moneda europea. De cara a esta reunión, los líderes de las dos economías más grandes de la Eurozona, Angela Merkel y Nicolas Sarkozy se reunieron este lunes en París para definir el rescate de la zona euro. Para profundizar en el tema de la batalla financiera que enfrenta Europa, conectamos en directo con el periodista Ingo Niebel. Leer más: actualidad.rt.com Sígannos en twitter.com www.facebook.com RT en vivo: actualidad.rt.com
RT actualidad Eurozona Unión Europea crisis Europa crisis Europa European Union economía Cumbre Bruselas UE moneda euro Angela Merkel Angela Merkel Nicolas Sarkozy Nicolas Sarkozy zona euro Ingo Niebel euro crisis plan euro crisis rescue euro rescue plan euro zone EU treaty eurozone rescue debt proposal Eurozone Commentary News Germany Talk video en vivo análisis Plan Merkel Sarkozy solución remedio enfermedad save euro budget European leaders
We Are All Greeks Now! Amsterdam 2/4
The society belongs to the people and not to the banks.GREEK PEOPLE DO NOT WANT ANY OTHER RESCUE PLAN.Yesterday, the Greek Parliament approved the new austerity packaged that forces the people in to the misery in order to save the European banks. Under the pressure of the EU, the European Central Bank (ECB) and the IMF, and at the joy of the bankers all over Europe the Parliament decided to reduce the minimum monthly salary to 480 euros (435 for young people), the unemployment benefit to 369 euros, cut down pensions, privatize health care and education. The priority of the state will no longer be to ensure a decent living to the citizens of the country but to serve the debt towards the domestic and international creditors. The new 'rescue'-plan for Greece is actually a rescue plan for the European banks. The northern European tax payers will be forced to provide another 130 billion euros to serve the Greek sovereign debt. This money will end up directly to the European banks and will be never returned to the people. As the previous rescue-plans, the new plan is only meant to fail and take along into the path of destruction, the Greek people but also the European pension funds and the state finances of the rest of the Eurozone-countries. The Greek people took the streets yesterday in hundreds of thousands to fight the decisive battle against their enslavement to the bankers. The puppet-government of the banker Papademos does not enjoy the support of the people. The brutal <b>...</b>
WE ARE ALL GREEKS NOW Solidarity With Greece WE ARE ALL GREEKS Spirit Of Squatters #occupy Amsterdam Occupy Amsterdam rebels in Greece solidarity domonstration activism anti police violence anarchism human rights IMF World Bank Crisis
Euro leaders arrive for July 2011 crisis talks in Brussels
Raw video. Source: EU. From EurActiv.com: Germany and France have reached a common position on a second bailout of Greece in their effort to prevent the country's debt crisis from spreading through Europe, officials said on Thursday (21 July). The accord came after seven hours of talks late into Wednesday night between German Chancellor Angela Merkel and French President Nicolas Sarkozy in Berlin, sources in both governments said. Details of the common position were not revealed. European Central Bank President Jean-Claude Trichet joined Merkel and Sarkozy for part of their talks. The accord between the two most powerful states in the euro zone will now be presented to a crisis summit in Brussels on Thursday of all 17 leaders of the bloc, who are trying to prevent fears of a Greek debt default from poisoning access to the bond market for bigger states such as Italy and Spain. The new bailout would supplement a €110 billion rescue plan for Greece launched in May last year. It is expected to include fresh emergency loans to Athens from euro zone governments and the International Monetary Fund, and possibly a range of other measures. Worried about the impact on financial markets and wary of angering their own taxpayers, euro zone governments have struggled for several weeks to agree on major aspects of the plan, especially a contribution by private sector investors. Video source: EU
Barroso Papandreou Merkel Angela Merkel Berlusconi Italy Kenny Ireland Sarkozy France Deutschland Greece euro eurozone summit Brussels European Commission EU Europa Europe news germany EUX.tv EUX euractiv.com EUXTV euractiv
Greek debt drama plays out in Brussels
One week before the leaders of the 27 member states in the European Union meet in Brussels to discuss the economy and the turbulence that hit the eurozone, finance ministers met to discuss a rescue plan for Greece but expressed confidence on the new tax and budget measures that the Greek government is now pushing forward. Greek Prime Minister George Papandreou met with European Commission President Jose Manuel Barroso later and addressed the European Parliament, blaming financial markets and banks for abusing bailout money in their attack on the Greek government's euro debt.
Greece debt crisis Greek financial euro eurozone Papandreou Barroso Papacontantinou Brussels EU europeanunion Trichet ECB European Monetary Fund Credit Default Swaps CDS naked news Greecedrama EUX.tv EUX euractiv.com EUXTV euractiv
Eurozone ministers struggle to agree on new aid for Greece
As workers in Greece prepare for a general strike today (15 June), EU finance ministers yesterday night failed to reconcile a German-led push for bondholders to share part of the cost of a new Greek aid package, amid warnings from the European Central Bank (ECB) that any coercive solutions could unleash a new wave of contagion. www.euractiv.com "There has been no result," German Finance Minister Wolfgang Schaeuble told reporters after talks in Brussels which ended late yesterday. Eurozone finance ministers agreed to meet again on 19 June. Ministers did concede that some progress was made despite the lack of agreement. "We are very close to an agreement with all private partners. But there must be a balance: a real effort on Greece's part - help from the IMF, the euro zone and the European Union; and participation of the private sector," said Belgian Finance Minister Didier Reynders. Finnish Finance Minister Jyrki Katainen said that most countries indicated that some sort of private sector involvement was crucial. "I want to underline that we have to avoid, whatever it takes, the next financial crisis. The balance is very difficult," declared Katainen. Ahead of a summit of EU leaders on 23-24 June at which a new aid package for Greece is expected to be finalised, Germany is pushing for Greek bond maturities to be extended for seven years, giving it more time to right its economy and sell off state assets. Rating agencies have warned they would see such a step as coercive <b>...</b>
Greece Greek debt crisis default credit event Euro Eurozone news trichet ECB European Central Bank European Union European Parliament Draghi Mario Draghi Brussels Finance ministers Ecofin Luxembourg Ireland Portugal europe germany EUX.tv EUX euractiv.com EUXTV euractiv
Hitler is informed about the Greek bail-out
Hitler is informed of the plan further to bail out the Greek economy, and is surprised that people might consider him a racist. The copyright in the marvellous movie underlying this 'fair use' parody belongs to Constantin Film AG.
Hitler informed rant react downfall untergang parody greece euro bail out subsidy spending riot günsche eurozone rescue papandreou haircut public sector berlusconi imf troika yt:stretch=16:9 Downfall (film)
Gold Prices Spike On Greek Rescue Plan
Capital Gold Group is a BBB Accredited Business. Listeners are welcome to receive a free precious metals guide by going towww.startwithgold.com or call 1(800)510-9594. If you'd like to listen to the rest of the show, visit StartWithGold.com to subscribe to the podcast. Finance Ministers manage to aid Greece with a 130 Billion Euros bail out, avoiding the first disorderly default in the Eurozone's brief 13 year history.
Gold; silver; tangible; inflation; recession; physical; price; bank; bullion; Market; Trading; Business Stock; Finance; Economy Precious Metal ;Stocks