The United States doesn’t have many solutions for exiting the crisis. The
option of a debt default can be tantalizing but would be cataclysmic as we have
already seen and would have disastrous consequences for the country itself
because it’s too dependent on the financial markets and the rest of the world’s
confidence. Such a loss of confidence in the United States would be fatal for
the Dollar as a reserve currency.
LEAP/E2020 -
Excerpt GEAB N°72 (Feb. 2013) 
Euro Group head says UK at risk of 'sterling crisis'
The pound’s recent slide could be the start of “a new sterling crisis”
sparked by concerns about the state of the public finances, according to the
Euro Group’s new president...
The
Telegraph 
The global economic news is not good lately. The Italian election was a
statement against the austerity policy of the previous government, but failed to
offer an alternative. The resulting uncertainty keeps Italy's government bond
market on thin ice, threatening to engulf the whole euro zone in a new financial
storm...
Caixin 
If trouble comes in threes, then what'll be the next global market to melt down
after the U.S. and Europe? Some are looking nervously at China...
CBS 
IMF confirmed that the AUD and CAD will appear as reserve currency
within three months. This emphasizes the spiraling demand for
additional reserve currencies and the New Zealand dollar has the best
chance to join the list, according to experts...
Attorney General Eric Holder, the top U.S. law-enforcement
official, finally admitted this week that bank executives truly are
above the law and may commit crimes with virtual impunity...
The rapid decline in the Japanese currency's value against the
U.S. dollar, which touched a three-and-a-half-year low of 95.45 on
Friday, has analysts wondering where to place their next bets...
Luigi Bersani pourrait ouvrir la voie à l'adoption d'une
législation sévère contre les conflits d'intérêts en Italie et
contraindre Silvio Berlusconi à choisir entre la politique et la
préservation de son vaste empire médiatique...
The nearly month-long confrontation in Sabah state, in Malaysia's
part of Borneo, was sparked when the armed group of about 200 sailed
from the nearby southern Philippines to press an ancient claim to the
resource-rich region...
Unable to form a government even after tens days since she took
over as South Korea's President, Park Geun-hye appealed to the country's
politicians on Thursday to give her a chance to serve the nation, and
sought their cooperation to break the parliamentary impasse over her
government reorganization bill...
Farage and his party argue that the EU is a waste of money and
call for Britain's withdrawal. Over the last 10 years, Ukip has raised
£6.2m, according to the Electoral Commission, with hundreds of thousands
of pounds coming from its MEPs, whose salaries and expenses are met by
European taxpayers...
C’est nouveau ! Un classement des universités, créé avec des fonds
de l’Union européenne vient d’être lancé, à Dublin, dans le cadre de la
présidence irlandaise de l’UE. Ce nouveau classement qui se veut «
multidimensionnel » marque un tournant par rapport aux approches
traditionnelles utilisées pour classer les universités selon leurs
performances, la plupart se concentrant excessivement sur l’excellence
en matière de
recherche...
Oil futures edged lower in electronic trade Friday, giving back
some of their gains after data showing a drop in Chinese crude imports,
while traders looked ahead to U.S. jobs numbers...
Interdisciplinary event, jointly organized by The International
Institute of Air and Space Law of Leiden Law School and The Department
of Latin American Studies of the Faculty of Humanities, Leiden
University, with the support of LEAP and Secure World Foundation.
The EU's current institutional set-up resembles a 'Frankenstein'
monster because there is no democratic separation of powers, European
Parliament chief Martin Schulz said Monday (4 March) during a debate in
Hamburg on sovereignty transfers to Brussels...
********************
This special Press Review reviews articles from the French and
Engligh-speaking international online media relating to the unfolding
global crisis.
It is delivered freely on a weekly basis to 60,000 recipients worldwide.
Subscription / Contact: centre@europe2020.org
It is delivered freely on a weekly basis to 60,000 recipients worldwide.
Subscription / Contact: centre@europe2020.org
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