GEAB N°76
is available! Alert for the second half of 2013 – Global systemic crisis II:
second devastating explosion/social outburst on a worldwide scale
And this
time, we shouldn’t rely on bankrupt countries to save the situation: they are
on their knees following the first shock in 2008. Therefore, it’s actually a
second world crisis which is looming, once again caused by the United States.
Ultimately this five-year period will have been nothing other than taking a
step back to enter into an even bigger crisis, which we have called “the crisis
squared”.
Euro
Becomes the Port in a Storm
As Central
Banks Mull Pullback of Easy Money, Investors Turn to Relatively Stable European
Currency...
Infographic:
The United Kingdom's tax havens
About
one-fifth of the world's tax-free shelters are UK territories and crown
dependencies...
Zone euro : un excédent commercial de 14,9 milliards d’euros
en avril
La zone euro a enregistré un excédent commercial de 14,9
milliards d’euros en avril, annonce Eurostat lundi. C’est moins que le record
de 22,5 milliards en mars mais bien plus que les 3,3 milliards d’euros d’avril
2012...
Tunisia
faces political struggle over Islam
Two and a
half years after kindling a revolution that flamed across the Arab world,
Tunisians have moved on to the next chapter, a political struggle between
Islamic fundamentalism and the tolerant, Mediterranean-style Islam that has
characterized their nation’s 57 years as an independent state...
Chemical
Weapons Charge: Berlin Rules out Arms for Rebels
The United
States has shifted its course on Syria following chemical weapons revelations,
but international support is limited. Germany refuses to arm the insurgents,
and Russia is openly critical of President Obama...
China
reduces US debt holding by less than 0.5 %
China, the
largest foreign buyer of US Treasury securities, trimmed its holdings by $5.4
billion to $1.26 trillion between April and March, as foreign investors
generally dumped US government debt, the US Treasury said...
Asia
Currency Sell-Off Goes From Bad to Ugly
Asian
currencies have been battered lately by talk of the U.S. Federal tapering its
massive stimulus program and analysts expect the pummeling to continue as other
major drivers that led the currencies to appreciate now face pressure...
China
exposed as Abenomics trade ends
The violent
swings in the yen and Nikkei Averge in recent weeks threaten to spell the end
of the Abenomics trade. As this leads to an unwinding of the yen carry trade,
China’s highly leveraged economy could be exposed as this source of “hot money”
funding dries up...
Iranian
moderate’s landslide victory raises hopes of nuclear peace
Supporters
of Iran’s new president-elect, Hassan Rowhani, were still celebrating yesterday
as the world expressed cautious hope that the moderate cleric’s landslide
victory might herald a breakthrough in Tehran’s standoff with the West...
Detroit
defaults on some debt to avoid bankruptcy filing
Detroit
said on Friday it would stop making payments on some of its about $18.5 billion
debt, which would put it in default, and the "insolvent" city called
on most of its creditors to accept pennies on the dollar to help it avoid the
largest municipal bankruptcy filing in U.S. history...
L'agroalimentaire, champ de batailles commerciales entre les
Etats-Unis et l'Union européenne
Après des années de piétinement, les négociations en vue
d'un accord de libre-échange entre les Etats-Unis et l'Union européenne
reprendront vendredi 14 juin. Les
Vingt-Sept doivent décider s'ils accordent, ou non, un mandat à la Commission
européenne pour négocier cet accord avec les Américains...
End of
Cheap Money: Can the World Handle Higher Interest Rates?
For the
last five years, the world's leading central banks have been combatting the
crisis with extremely low interest rates and vast bond purchases. Now the
American Fed is breaking ranks, as it cautiously suggests a change in its
policy -- sending the markets into turmoil...
Germany
Seeks to Halt EU-Turkey Talks Over Handling of Protests
Germany is
seeking to delay EU membership talks with Turkey scheduled for this month, in
response to Ankara's crackdown on mass demonstrations that have shaken the
government of Recep Tayyip Erdogan...
U.S.
Treasurys are a ‘Ponzi market’: Guggenheim’s Minerd
There’s no
shortage of descriptions out there for central-bank policies — past favorites
have included allusions to mad scientists and heroin treatment programs. But
Scott Minerd, global chief investment officer at Guggenheim Partners, may take
the prize for the most gutsy portrayal of monetary-easing policies...
"Le FMI se moque du pacte de stabilité" européen,
dénonce le chef du MES
Klaus Regling estime qu'il faudra plus tard revoir le
concept même de "troïka" impliquant le FMI. A court et à moyen terme,
la présence du FMI restera souhaitable en raison de son expérience, mais sur le
plus long terme ce sera "aux Etats de la zone euro de décider eux-mêmes
des programmes d'aide", dit-il...
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special Press Review reviews articles from the French and Engligh-speaking
international online media relating to the unfolding global crisis.
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