Estonia, the European Union’s newest member, is the latest country to adopt the euro, having introduced the currency last year. The mood was festive at the time, but with Europe’s current financial crisis, many now taken a more sombre view. Estonia’s bn economy is the fastest growing in Europe, but as the continent’s financial woes deepen, the government is worried about the toll the eurozone’s troubles could take on its country. Al Jazeera’s Charlie Angela reports from Tallinn.
The euro zone has only a matter of weeks to take steps that will ensure the common currency’s survival, former UK Prime Minister Tony Blair says in an exclusive interview with the Journal’s Managing Editor, Robert Thomson. This interview originally aired 12/1/2011.
Speaking after the EU-Russia summit, President of ~Russia’s Federation, Dmitry Medvedev, on Thursday stated that Russia will offer Europe financial aid in order to help stabilize the European Union and the euro. “Russia will continue reinforcing financial stability of the euro area, first and foremost, through the IMF”, Medvedev said. “The European Union is our major trading partner”, he concluded.
Financial crisis – Public services across Portugal ground to a halt on Thursday as trade unions held a 24-hour walk out. The strikers are protesting against a raft of austerity measures introduced by the government in exchange for financial aid. FRANCE 24 INTERNATIONAL NEWS 24/7 www.france24.com http
TRANSCRIPT AND SOURCES: www.corbettreport.com The European sovereign debt crisis which has been gestating for years seems ready to come to a head as the IMF met last weekend in Washington that were dominated by talks about Greece, debt, and the risk of global contagion. Amidst tense talks about the future of the Eurozone in which the idea of allowing Greece to default on its insurmountable half-trillion dollar debt was floated, even the usually staid US Treasury Secretary, Timothy Geithner, warned that “cascading default, bank runs, and catastrophic risk” was a real possibility. G20 Finance Ministers and central bank governors are now calling for the European Central Bank to double their existing bailout fund to create a trillion Euro emergency stockpile to recapitalize European banks and fund Spain and Italy as their economies teeter on the edge of a Greek-like meltdown…
This week Max Keiser and co-host, Stacy Herbert, look at the one in 66 Americans now classified as psychotic and the matter of ‘selective default’ as the over prescribed anti-psychotic medication for financial marketss. In the second half of the show, Max talks to Adrian Salbuchi about the similarities between the financial attack on Greece and what happened to Argentina in 2001/2002. KR on FB: www.facebook.com/keiserreport
Watch the full Keiser Report E167 on Tuesday. This week Max Keiser and co-host, Stacy Herbert, look at the one in 66 Americans now classified as psychotic and the matter of ‘selective default’ as the over-prescribed anti-psychotic medication for financial markets. In the second half of the show, Max talks to Adrian Salbuchi about the similarities between the financial attack on Greece and what happened to Argentina in 2001/2002. KR on FB: www.facebook.com/KeiserReport
Watch the full Keiser Report E163 on Tuesday. This week Max Keiser and co-host, Stacy Herbert, report on declaring war on ratings agencies and buying refrigerators to save the economy. In the second half of the show, Max talks to Professor Emeritus, Guy McPherson, who has exited empire to build a post-carbon community. KR on FB: www.facebook.com/KeiserReport
This week Max Keiser and co-host, Stacy Herbert, report on how to improve your self esteem with mountains of debt. In the second half of the show, Max talks to Demetri Kofinas in Athens about the global insurrection against banker occupation happening in Syntagma Square and the role of credit default swaps and mountains of debt in making that occupation possible in the first place. KR on FB: www.facebook.com/KeiserReport
This week Max Keiser and co-host, Stacy Herbert, report on how to improve your self esteem with mountains of debt. In the second half of the show, Max talks to Demetri Kofinas in Athens about the global insurrection against banker occupation happening in Syntagma Square and the role of credit default swaps and mountains of debt in making that occupation possible in the first place. KR on FB: www.facebook.com/KeiserReport
