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Tag: Italy

Bank of Italy Bails Out Four Banks

The European banking crisis is brewing. Last month alone, the Bank of Italy poured €3.6 billion euros into Banca Marche, Banca Etruria (PEL.MI), CariChieti, and...

Sovereign Debts: How Defaults May Unfold

In the Middle East, the banks are trying to convince the Gulf States to begin issuing debt even if there is no need to borrow, simply so they have a market to...

Snoop Dog Loses $205,933 in Cash Seized by Police

During a standard check at Lamezia Terme in Calabria, Italy, rapper Snoop Dog was found to be in possession of $422,820 in U.S. cash, a police source told CNN....

Schäuble – The Man Behind the Throne

It was about 20 years ago when Wolfgang Schäuble, current German Finance Minister, wrote his paper on the danger in the Eurozone reflecting on European...

Europe’s Refugee Crisis

This is an illustration of how the EU is going insane with the austerity movement when they are in direct conflict with the perpetual borrowing and lacking monetary...