"We have to change direction, otherwise this is going to bring down whole political systems," said Braulio Rodriguez, the Archbishop of Toledo."It is very dangerous. Unemployment has reached tremendous levels and austerity cuts dont seem to be producing results," he told The Telegraph."There is deep unease across the whole society, and it is not just in Spain. We have to give people some hope or … Seguir leyendo Spanish prelate fears mutual hatred over euro crisis – Telegraph

Nuestro país tuvo una potente banca pública de la que hoy no queda vestigio. Murió tras el tozudo empeño privatizador desarrollado durante los gobiernos socialistas presididos por Felipe González y los posteriores gobiernos del PP. Ahora se sufren las consecuencias de haber saldado tan alegremente un instrumento cuya utilidad evidencian las tribulaciones del actual Gobierno en sus fallidos intentos de promover el crédito. La banca … Seguir leyendo El desmantelamiento de la banca pública en España

While GBP jumped and the world celebrated the UK’s recent avoidance (for now) of a triple-dip recession (defined on GDP as opposed to reality), the situation in the island nation appears to be going from bad to worse. As Carney takes over the reigns of this once mighty nation he faces a country deeply divided. As the BBC reports, while London real estate prices smash … Seguir leyendo Recovery?: One-In-Five Britons Borrow Money To Afford To Eat | Zero Hedge

La déclaration d’Oskar Lafontaine du 30 avril dernier constitue un moment historique[1]. C’est la première fois qu’un ancien acteur de premier plan dans la mise en place de l’Euro admet que ce dernier a constitué une erreur. Cette déclaration marque un tournant dans la position de l’élite européenne dont Oskar Lafontaine fait partie. Elle annonce d’autres déclarations du même ordre qui vont désormais se multiplier … Seguir leyendo Jacques Sapir: Oskar Lafontaine, uno de los impulsores del euro, admite que éste es un error

Una nueva víctima de la crisis, Holanda, que puede sucumbir al estilo que lo hizo Japón en los 90. The coalition of Mark Rutte has belatedly woken up to the danger. Last month it retreated from pro-cyclical tightening, delaying €4.3bn in budget austerity. By then Mr Rutte’s totemic worship of EU deficit targets had invited the ridicule of the official Bureau for Economic Policy Analysis … Seguir leyendo Debt-crippled Holland falls victim to EMU blunders as property slump deepens – Telegraph

SAN LUIS OBISPO, Calif. (MarketWatch) — Yes, capitalism is working … for the Forbes 1,000 Global Billionaires whose ranks swelled from 322 in 2000 to 1,426 recently. Billionaires control the vast majority of the world’s wealth, while the income of American workers stagnated. BEST OF MARKETWATCH Here’s the one other story that  you can’t afford to miss today For the rest of the world, capitalism … Seguir leyendo Capitalism is killing our morals, our future – Paul B. Farrell – MarketWatch

Not supremely confident despite the stock market being at all-time highs? Unsure of the future and feeling poorer than in the past? You are not alone. In fact, you are among the 93% majority. As the Pew Research Center finds, during the first two years of the US economic ‘recovery’, the mean net worth of households in the upper 7% of the wealth distribution rose … Seguir leyendo Worth Over $500,000? Then QE Has Worked For You; Everyone Else Better Luck Next Time | Zero Hedge

Some prominent Germans have publicly expressed their doubts about the future of the euro. A few politicians have tried to jam anti-euro sound bites edgewise into the evening news. And an anti-euro party, the Alternative for Germany, is forming just in time for the September elections, hoping to garner enough votes to move into parliament. But those close to the epicenter of power, those near … Seguir leyendo Testosterone Pit – Home – Germany’s Trial Balloon Of A “Plan B”