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my belief that it is debt, or more particularly, savings rates, that are key. In Europe rich Germany has a high savings rate while Ireland and the Mediterranean countries have lower savings rates and higher debt. On a bigger scale poorer China has one of the highest savings rates ever seen, and America has
tem in 1992, or the collapse of Japan into deflation in the early 1990's. At the time of writing it is clear that the central banks of the USA, the Eurozone, Japan, the UK, Switzerland, Sweden and others are all following their own significantly different policies, based primarily on experience and intu
ions of the indignados, as they are called in Spain, and the aganaktismenoi (the outraged), as they say in Greece, are growing. And it's not just the Eurozone. Every single major project of the European Union is faltering. France and Italy are suggesting that the achievement of the Schengen area, in which 2
Page: HOUSE_OVERSIGHT_018100 →r more than a year now, Merkel has attempted to find the narrow — perhaps nonexistent — line where the minimum that can be done to save the embattled Eurozone periphery meets the maximum she thinks German public opinion will bear. She has then tried to win her Eurozone partners to that course. So far, it ha
Page: HOUSE_OVERSIGHT_018102 →especially if initial U.S. strikes seemed devastating to the point of decisive. But their involvement would spread the conflict to the entire eastern Mediterranean and perhaps beyond, complicating both U.S. military operations and coalition diplomacy. It seems fairly clear then that a conflict with Iran is unli
Page: HOUSE_OVERSIGHT_018109 →erman unified state without some friends." So the eurozone was flawed from the outset, a structure awaiting
e. From the euro's inception, Keating said it should constitute only Germany, France and the Benelux nations, not the peripheral countries around the Mediterranean, and "Greece should never have been allowed in". Why were the weaker economies given entry? Keating says: "It's because president Mitterrand and the
Page: HOUSE_OVERSIGHT_029661 →erman unified state without some friends." So the eurozone was flawed from the outset, a structure awaiting
e. From the euro's inception, Keating said it should constitute only Germany, France and the Benelux nations, not the peripheral countries around the Mediterranean, and "Greece should never have been allowed in" Why were the weaker economies given entry? HOUSE_OVERSIGHT_029668 --- PAGE BREAK --- Keating says:
Page: HOUSE_OVERSIGHT_029668 →erman unified state without some friends." So the eurozone was flawed from the outset, a structure awaiting
e. From the euro's inception, Keating said it should constitute only Germany, France and the Benelux nations, not the peripheral countries around the Mediterranean, and "Greece should never have been allowed in" Why were the weaker economies given entry? Keating says: "It's because president Mitterrand and the F
Page: HOUSE_OVERSIGHT_029677 →Entities connected to both Mediterranean and Eurozone

Barack Obama
PERSON
Jeffrey Epstein
PERSON
George W. Bush
PERSON
Bill Clinton
PERSON
United States
LOCATION
Marc Rich
PERSON
Bashar al-Assad
PERSON
Tehran
LOCATION
Joe Biden
PERSON
Middle East
LOCATION
Vladimir Putin
PERSON
Donald Trump
PERSON
Hosni Mubarak
PERSON
Yemen
LOCATION
John F. Kennedy
PERSON
Bloomberg L.P.
ORGANIZATION
Bahrain
LOCATION
Prince Charles
PERSON
Cairo
LOCATION
Tunisia
LOCATION