Tag Archive
EU Banks Lost Even More than US Banks
IMF Boosts Global Loss Estimate to $4 Trillion: Roubini Estimates $1.8 Trillion Fall on U.S. Banks/Brokers, Up to $2 Trillion on European Banks, Rest on Asia
April 7: IMF to say that toxic debts racked up by banks and insurers around the world could spiral to $4 trillion. The IMF said in January that it [...]
UK Security Services Fear Huge Bank Riots
MI5 Alert on Bank Riots
by Geraint Jones
Sunday March 1, 2009
Top secret contingency plans have been drawn up to counter the threat posed by a “summer of discontent” in Britain. The “double-whammy” of the worst economic crisis in living memory and a motley crew of political extremists determined to stir up civil disorder has led to [...]
Eastern Mess
VARIABLE VULNERABILITY
By Stefan Wagstyl, February 25 2009
This should have been a year of celebration in central and eastern Europe. It is 20 years since the Berlin Wall fell, the 10th anniversary of Nato’s eastward expansion and five years after the European Union began its enlargement into the region: from the Baltic to the Black Sea, [...]