Tag Archives: banking union

As Europe Lays Dying

Lyndon LaRouche: The culture of the United States and so forth has been dying, and Western Europe has been dying. The standard of living has been dying. The standard of culture, intellectual culture has been dying, getting worse and worse. … Continue reading

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Morganti at European Parliament Debate: Separate Banks

In the debate that preceded the vote on the bail-in mechanism at the European Parliament, only one MEP stood up and called instead for Glass-Steagall. Claudio Morganti, independent from Italy, rejected the Banking Union saying: “History should have taught us … Continue reading

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The EU Introduces “OTC” Bailouts

Expecting a banking crisis in the short term, and not having a bail-in mechanism yet in place, the EU has now introduced the “OTC bailout” scheme, which consists of allowing governments to bail out banks off budget, on condition that … Continue reading

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EU Commission Prepares Scheme for Bail-Ins To Be Run by Brussels

6 June (EIRNS) The EU Commission has allegedly prepared a new scheme to supersede the Hollande-Merkel small step towards a Banking Union and a Banking Resolution (bail-in) Authority. The draft was presented as a discussion paper among EU Commissioners, and … Continue reading

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European Parliament Committee Adopts EU Commission Fascist Bail-In Scheme

  28 May (EIRNS) Monday, May 20, the European Parliament Committee on Economic and Monetary Affairs (ECON), chaired by Sharon Bowles (U.K.), adopted EU Commission’s fascist bail-in scheme for banking resolution; the vote was 39-6 with 0 abstentions. The bill … Continue reading

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European Parliament member Claudio Morganti Announces Harkin Bill, Calls for Banking Separation

22 May (EIRNS)  On May 21, EP member Claudio Morganti briefed the European Parliament’s plenary session on Sen. Harkins’s Glass-Steagall Bill and called on European nations to follow the example. Morganti intervened in the debate on the so-called Banking Union … Continue reading

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European Commission planned to use deposits to bail-in failing banks since June 2012

PARIS, March 31, 2013 (Nouvelle Solidarité) – One day after the outrage over Dijsselbloem’s spilling the beans that the Cyprus rescue plan of stealing people’s deposits would be implemented also to other eurozone economies, the European Commission confirmed this was … Continue reading

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Historic Decision To Be Made in Karlsruhe, While Battle Lines Become Ever Clearer

Tuesday, the German Constitutional Court in Karlsruhe, the Bundesverfassungsgericht, held its hearing to decide on a temporary injunction to the German President, to enjoin him from signing the ESM and Fiscal Pact ratifications, before the court has decided on the … Continue reading

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172 German Economists Issue Appeal Against Bank Bailout — Now, On To Glass-Steagall

The Brussels blackmail scheme, and the ensuing forced parliamentary vote on the ESM and Fiscal Pact obviously has been too much. Even CDU faction leader Kauder yesterday had to admit in an interview with Süddeutsche Zeitung, that the vote last … Continue reading

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Outcome of Greek Election Won’t Alter Eurozone Crisis

June 17 (LPAC)–According to the latest exit polls in the Greek elections the conservative New Democracy party obtained a slight lead over the Syriza party–the percentages are extremely close–and talk now is of a potential governing coalition of New Democracy … Continue reading

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