Tag Archives: central banks
EU bank deal gives Cyprus, warm water port to Russia
European leaders engineered a harsh bailout deal for this tiny Mediterranean nation in March and the Russians are now in a position to get something that has previously eluded even Moscow’s most audacious oligarchs: control of a so-called systemic financial institution in the European Union. http://www.nytimes.com/2013/08/22/world/europe/russians-still-ride-high-in-cyprus-after-bailout.html?pagewanted=1&ref=world “They wanted to throw out the Russians but in […]
Bankster elitist Summers to be appointed as Fed chair
The Obama administration is considering nominating Lawrence H. Summers as the next chairman of the Federal Reserve. Senators are speaking out against Mr.. Summers. They are raising questions about potential conflicts of interest and noting his role in the repeal of the Glass-Steagall law, which limited the sorts of activities banks could undertake, and his […]
Central banks threaten to crash economy over EU labor costs
The Bank for International Settlements (BIS), a group representing central banks including the Federal Reserve and the European Central Bank, on Sunday warned European political leaders that they should not expect central banks’ cheap-money policy to hold the global economy together forever. http://www.nytimes.com/2013/06/24/business/global/central-banks-criticize-europe-for-political-gridlock-on-economy.html?hp The B.I.S. report avoided singling out individual countries, but it was clear […]
Dirty Babylon 