Defuse the Euro Time-Bomb with a Global Glass-Steagall
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Tag Archives: Credit Agricole
Evans-Pritchard Argues that Banco Espirito Santo Was Bailed Out
City of London mouthpiece Ambrose Evans-Pritchard writes that the “rescue” of Portugal’s Banco Espirito Santo was a bail-out and not quite a bail-in, and that European officials backed off on bailing in all creditors and unsecured depositors by their new … Continue reading
Posted in Bail-in Policy
Tagged Ambrose Evans -Pritchard, Bail-in Genocide, Banco Espirito Santo, bankocracy, BES, British bail-in gambit, British final solution, British Financial Empire, British imperial EU, British imperial strategy, City of London, collapsing British empire, Credit Agricole, Cyprus template, EU dictatorship, Portugal., troika takeover
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Bail-in Coming in Portugal with Contagion
Portugal’s biggest commercial bank, Banco Espirito Sancto (BES), is roughly a $100 billion bank, not in the trans-Atlantic megabank league, but about the size of the German Landesbanken which started to go insolvent in 2007. BES’s massive $5 billion first-half … Continue reading
LaRouche Irish Brigade 