- Brent crude oil tumbled below $50 before rebounding (Reuters)
- Italy Unemployment Rises to New High (Bloomberg)
- Eurozone Consumer Prices Fall for First Time Since 2009 (NYT)
- Euro‘s Drop is a Turning Point for Central Banks Reserves (BBG)
- Pres. Nicolas Maduro Confirms Venezuelan Economy in Recession …
Pres. Maduro announced measures to address monetary policy in Venezuela, including appointing Economist Rocco Albisinni as the new President of the National Center of Foreign Exchange (CENOCOEX). (Venezuelanalysis.com)
Tabloid newspaper Bild Warns German Govt Fears Greek Bank Runs, Financial System Collapse; Prepares For Greek exit (zerohedge)
‘Greece has lost power to blackmail’: German MP
Europe no longer needs to rescue Greece as the country has lost its “systemic relevance” to the eurozone and its power of political “blackmail,” a senior German lawmaker said
Fears of a potential Greek exit from the eurozone have rattled markets since a political crisis in Athens led to early elections, called for late January, in which a leftist anti-austerity party has good prospects of winning, threatening to unwind painful reforms.
Michael Fuchs, deputy parliamentary leader of Chancellor Angela Merkel’s conservatives, suggested the idea of Greece breaching its commitments to creditors and eventually leaving the single currency bloc was no longer a doomsday scenario.
“The situation is entirely different than three years ago,” Fuchs told the Rheinische Post daily.
“The times when we had to rescue Greece are over. There is no potential for blackmail any more. Greece is no longer of systemic relevance for the euro.”
He stressed that “if Alexis Tsipras of the Greek leftist party Syriza believes he can roll back the reform efforts and savings measures of Greece, then the troika will also have to roll back the loans for Greece”. –thelocal.de
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2nd Greek Election Fail
Greece is heading for lightning-round parliamentary elections in February after failing to elect a new President for the second time in days.
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EU Deflation Causing Chaos as ECB Forced to Begin QE in 2015!
Posted 5 Jan 2015
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U.S. Government/Central Bankers Using False Flags To Keep Coalition Countries In Line – Episode 560
Published on Jan 7, 2015
Get economic collapse news throughout the day visit http://x22report.com
More news visit http://thepeoplesnewz.com
Report date: 1.07.2015
German jobless rate increases to 6.4 percent. Germany prepares for Greece exit of Euro zone. Baltic dry index falls to 744. Wet Seal closing 66% of its stores. Under Obama the debt increased by 7.5 trillion and he still has two years to go. Obama will veto the bill that defines full-time worker from 30 to 40 hours per week. Protests begin in Nicaragua as China begins construction of the canal. NATO supplying cluster bombs to Ukraine. U.S. sending more troops to Iraq. False flag event in Paris to keep coalition countries inline.
All source links to the report can be found on the x22report.com site.
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Unstable Markets: 30% Move In Minutes!
Here is evidence of the unstable and fragile markets, where a gigantic move of 30% currency revaluation happened in mere minutes for the Swiss Franc.
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