Archive for the ‘Battle for Europe’ Category
Posted by seumasach on July 24, 2011
The National
24th July, 2011
Calls have increased for the creation of a European credit-rating agency after several debt-laden euro-zone economies had their ratings downgraded to “junk” status.
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Posted by seumasach on July 18, 2011
Neurope
18th July, 2011
German Chancellor Angela Merkel joined the choir of European leaders calling for the introduction of a European ratings agency and expressed her scepticism over Greek sovereign debt restructuring.
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Posted by seumasach on July 15, 2011
Pravda
13th July, 2011
Rating agencies have a great power in their hands. Many investors rely on their conclusions when evaluating risks in securities. Attracting money is much more expensive for the borrowers with low ratings. The banks around the world, if the “quality” of bonds in their portfolios is reduced, have to create additional reserves, writes finmarket.ru.
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Posted by seumasach on July 13, 2011
In a note today, Dublin stockbrokers Bloxham said Moody’s decision would force some investors who were permitted to hold non investment-grade status stock to sell.
“In our view this latest move by Moody’s is cynical and manipulative coming just two days before the EU/IMF in their latest quarterly review are expected to give Ireland the thumbs up in meeting all its bailout targets,” it said.
It defies belief that the rating agencies continue to exercise this arbitrary power: an appropriate response would be to arrest them for their role in fraudulently giving AAA rating to junk securities being dumped on Europe.
Ireland’s economic recovery damaged by downgrade, says government
Guardian
13th July, 2011
The Irish government has warned that its economic recovery has been damaged by Moody’s decision to downgrade its credit rating to junk, and insisted that the move was unfair.
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Posted by seumasach on July 7, 2011
Cailean Bochanan
7th July, 2011
Even as we have reassumed the white man’s burden of bombing in Africa another battle, not unrelated is coming to a head: our battle to destroy the Eurozone.
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Posted by seumasach on July 7, 2011
‘The credit rating agencies are, apparently, tools of American imperialism. Anglo-Saxon speculators are conspiring against Europe”
This is exactly correct. The Telegraph and the whole British media are also central to this conspiracy. The EU leadership, the likes of Barroso, is generally atlanticist and therefore ill-equipped to counter the astonishing offensive being launched against the Eurozone. However, they are forced to recognise that the Anglo-Americans have no friends, only interests and the interest here is the destruction of themselves and the EU project. They are therefore beginning to react and defend themselves against the hedge funds, the media and the rating agencies and their coordinated assaults. The stakes are high: Britain knows that only the destruction of the euro can save the pound and the world’s most indebted entity, UK PLC.
EU leaders blame the euro crisis on American credit rating agencies
Daniel Hannan
Telegraph
7th July, 2011
When EU leaders start claiming that the debt crisis is a plot got up by the credit rating agencies, you realise that they are losing their grip on events.
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Posted by seumasach on July 6, 2011
The Age
7th July, 2011
Greek Foreign Minister Stavros Lambridinis attacked on Wednesday what he termed the “madness” of ratings agencies in the European debt crisis, saying they exacerbated an already difficult situation.
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Posted by seumasach on July 6, 2011
PressTV
6th July, 2011
The EU has criticized credit rating agencies, accusing them of showing bias against the bloc after Moody’s Investors Service downgraded Portugal’s sovereign debt rating to “junk bonds” status.
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Posted by seumasach on June 29, 2011
Spiegel
29th June, 2011
Trade was the focus of the meeting of German and Chinese leaders in Berlin this week, with German companies eager to get a piece of the massive Chinese market. But commentators warn of the dangers of becoming too dependent on the emerging Asian superpower.
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Posted in Battle for Europe | Tagged: china-germany economic cooperation | Leave a Comment »
Posted by seumasach on June 29, 2011
Deutsche-Welle
29th June, 2011
China and Germany have signed trade deals estimated to be worth 10.6 billion euros ($15 billion), following joint government consultations earlier this week.
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Posted by seumasach on June 26, 2011
Business Week
26th June, 2011
Chinese Premier Wen Jiabao pledged support for Europe as the region copes with a sovereign debt crisis, saying China will remain an investor in European markets. “China is a long term investor in Europe’s sovereign debt market,” Wen said in translated comments at a press conference with Hungarian Prime Minister Viktor Orban in Budapest yesterday. “In recent years, we have increased by quite a big margin our holdings of government bonds. We will consistently continue to support Europe and the euro.”
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Posted in Battle for Europe | Tagged: Chinese soft power | Leave a Comment »
In These New Times 