Hot Brendan Keenan's "Bleak Omens" for Europe!

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#1
This is an ol Golden Oldie of mine from P.ie from the 25th March 2013, 10:12 AM

You can judge for yourselves by way of the recent Elections in Greece, Spain & Portugal that I was indeed correct & the Eurozone is continuing to tear itself apart.

AS finance ministers, EU chiefs and IMF bosses gathered in Brussels last night, just about the only thing that could be said with any certainty was that the Cyprus crisis was just beginning – and perhaps another euro crisis as well.

It also seems highly unlikely that the proposed €16bn bailout will be enough. Yet any significant amount more will bankrupt Cyprus.
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This crisis is only beginning and omens for Europe are bleak - Independent.ie

Whilst the Deefster warned ya'll over the past 2 years that the Crisis was worsening - Brendy Boy & Co regularly claimed all would be ok.

According to Brendy Boy now it's pretty "fkin far from Ok"...

Over the next few weeks & months I will be updating readers about the horrific state of almost Universal Insolvency within the EU.

Recently it was highlighted that EU Unemployment was 2 & 1/2 times higher than Brazil's - this crisis is going nowhere fast.

The EZ is being propped up by Toxic Derivatives & unservicable loans.

Keep an eye on Slovenia!

I've never said the Euro would collapse but the level of Toxic Overleving will ensure that this Rollercoaster will continue for a good while yet & may bring down the EU itself... icon_shocked.gif
EDITED: Site Upgrade Errors were removed today as we approach the Thread's 3rd Birthday! :)
 
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#2
RE: Brendan Keenan's "Bleak Omens" for Europe!

"Greece back on agenda as creditors demand pension reforms"


Swift completion of the first bailout review is vital for Greek debt relief to move ahead

The surprise election of Kyriakos Mitsotakis last weekend as leader of the New Democracy party could spell trouble for Tsipras and for political unity.

The son of a former prime minister and member of a well-known political dynasty, the 47-year-old is widely seen as a serious political alternative to Tsipras.

With the Greek government having seen their majority reduced to three, cross-party political buy-in for reform measures is essential for the successful completion of the first review mission.

What may prove even more difficult for Greece are the fiscal targets demanded by lenders.

The EU cannot afford another crisis any time soon.
main-qimg-c36aa6fca479f2223798f370e21e5550.jpg

Greece back on agenda as creditors demand pension reforms | Irish Times 14/01/16
 
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#3
"Noonan and Howlin risked economic recovery to deliver 'political budget' says EC report"

The “recovery is threatened by recent decisions which affect the path to sustainable budgetary position”.

While the budget is “broadly compliant” with EU fiscal rules, there are risks of some deviation from the appropriate adjustment path, they say.

That improved tax revenues are driven by “better than expected if volatile corporate tax receipts”, while increases in spending were permanent.

Budget 2016 “could have been more supportive of growth”.

On the spending side, the commission concludes that raising public sector pay and increasing a range of social welfare payments “could have been better targeted”.

The commission says reducing the USC and postponing the self-assessing of property values “undermines the sustainability of revenue in the medium term”.


LEHMAN-master675.jpg

Noonan and Howlin risked economic recovery to deliver 'political budget' says EC report | Irish Examiner
 
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#4
In November, the ECB told Novo it would indeed need to raise some €1.4 billion in fresh capital which the bank initially said would come from asset sales.

A little over a month later, Portugal’s central bank essentially just gave up.

On December 29, the bank announced it was transferring €2 billion in NB senior notes back to Banco Espirito Santo which, like a ghost skyscraper in China, is set for demolition.

In other words, Novo Banco plugged the €1.4 billion hole by essentially declaring €2 billion in bonds null and void.

Eurozone_Breakup_image.jpg

http://newzsentinel.com/creditors-ac...-bank-bail-in/
 
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#5
zerohedge
tyler_bigger.jpg
@zerohedge

GOLDMAN SACHS TO PAY $2.385B CIVIL MONETARY PENALTY

Goldman%20Europe%20Old.jpg
 
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#6
RE: Brendan Keenan's "Bleak Omens" for Europe!

[font=Tahoma, Calibri, Verdana, Geneva, sans-serif]zerohedge ‏
tyler_bigger.jpg
@zerohedge 
Yesterday

The Shanghai Composite has wiped out all gains from China's state-rescue campaign. The National Team has failed[/font]
 
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#7
Instead of dissolving the EZ & EU sensibly the Eurocrats kept it all together & attracted Islamoterrorists through Porous Borders...

Horrifying CCTV shows moment woman in a headscarf tries to stab teen, 15, on London bus

A TEENAGE boy was saved from a savage stabbing on a daytime bus - by his hero NAN.

Kangaroo-Knifer-London-stabbing-634962.jpg

Bus-stabbing-south-London-Boxing-day-438927.jpg
The attacker is described as an Asian woman aged between 20 and 30 who wore a distinctive headscarf with a kangaroo print.

Horrifying CCTV shows moment woman in a headscarf tries to stab teen, 15, on London bus

Will the Goldman Sachs/European Union Rapefactory insist we wear "Stab Vests" next to allow the Islamoterror Cell Minorities to uphold their Cultural Rights? :mad:

or maybe it will be "Anger Management Classes for ISIS"... :rolleyes:
 
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#8
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#9
Bank bailout debt costing State €1.6bn a year


  1. €41bn of national debt associated with cost of rescuing financial sectorThe annual cost of servicing the debt associated with the financial sector bailout in Ireland in 2008 is estimated at about €1.6 billion, according to figures provided by Minister for Finance Michael Noonan.This is from an expected cost of €8 billion to service Ireland’s sizeable national debt this year.Bank bailout debt costing State €1.6 Bn per year | Irish Times | Mon, Jun 16, 2014, 01:00
 
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#10
€41bn of national debt associated with cost of rescuing financial sector

The annual cost of servicing the debt associated with the financial sector bailout in Ireland in 2008 is estimated at about €1.6 billion, according to figures provided by Minister for Finance Michael Noonan.

This is from an expected cost of €8 billion to service Ireland’s sizeable national debt this year.
Goldman%20Europe%20Old.jpg

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Bank bailout debt costing State €1.6 Bn per year | Irish Times | Mon, Jun 16, 2014, 01:00
 
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#12
They will accept anything except reality
 
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