Eurozone

IMF, Europe In Trouble

IMF, Europe In Trouble

Is anybody surprised by this headline? This is the ticking of the clock approaching midnight and the folks running the show still haven't figured out how to stop the slide... Christine Lagarde: IMF may need billions in extra funding Christine Lagarde has signalled that the International Monetary Fund (IMF) may have to tap its members – including Britain – for billions of pounds of extra funding to stem the European debt crisis. (more…)
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CHINA TO OWN WORLD!!!

We never thought we would see the day in our lifetimes when the COMMUNISTS would end up OWNING everything, but thanks to Wal-Mart and stupid American moos sending all our money overseas, it's going to be an interesting Xmas this year as China has the cash and attitude to buy Europe. Fresh humiliation for eurozone as China says it will bail out debt-ridden nations China has said it is willing to bail out debt-ridden countries in the euro zone using its $2.7trillion overseas investment fund. In a fresh humiliation for Europe, Foreign Ministry spokesman Jiang Yu said it was one…
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We Are Sliding Into The Abyss

No joke kids. EU Preps $645 Billion Fund to Fight ‘Wolfpack,’ Debt Crisis May 10 (Bloomberg) -- European Union finance ministers moved toward agreement on an unprecedented loan package worth at least $645 billion to prevent Greece’s fiscal woes from triggering a broader sovereign-debt crisis and shattering confidence in the euro. Jolted into action by last week’s slide in the currency to a 14-month low and soaring bond yields in Portugal and Spain, the 16 euro governments sketched out plans to make 440 billion euros ($570 billion) available, with 60 billion euros more from the EU’s budget, according to three…
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