Socio-Economics History Blog

Socio-Economics & History Commentary

‘We’re at Tipping Point’ Italian MEP Warns Migrant Crisis Bringing EU to Brink of Collapse

  • ‘We’re at Tipping Point’ Italian MEP Warns Migrant Crisis Bringing EU to Brink of Collapse
    by NICK GUTTERIDGE, BRUSSELS CORRESPONDENT, http://www.express.co.uk/
    A SENIOR Italian politician has warned that the European Union is once again hurtling towards the brink of collapse because of the renewed migration crisis and Brussels’ failure to effectively manage it.

    In a hard-hitting plea socialist leader Gianni Pittella called on EU leaders to start taking the situation in his home country more seriously or it could grow to threaten the whole future of the bloc. He said Eastern European countries’ point blank refusal to take in refugees under the club’s quota scheme was “unacceptable” and backed calls to strip them of their Brussels funding.

    And the Italian MEP, president of the Socialist and Democrat grouping in the EU parliament, warned that unless the migration issue is sorted it will simply “harden divisions” and rip the bloc apart.

    The EU has been grown into chaos by the recent upsurge in arrivals to Italy, which has exposed stark differences within the different member states over how to deal with mass migration. Eastern European countries like Hungary and Poland have predictably refused to take in any asylum seekers, but Rome has been alarmed at the extent to which it has also been abandoned to its fate by key players like France and Germany.

    With newly elected Emmanuel Macron keen to strike a tough tone on migration as he looks to win over supporters of Marine Le Pen, and Angela Merkel facing her own election battle in September, little help has been on offer. 

    read more.

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August 11, 2017 Posted by | GeoPolitics, Social Trends | , , , , , | Leave a comment

Step Closer to EU Superstate: Spain Calls for Shared Eurozone Budget and Finance Minister

http://www.express.co.uk/news/politics/838915/European-Union-Spain-eurozone-budget-EU-finance-minister

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http://www.express.co.uk/news/world/790300/UNITED-STATES-OF-EUROPE-Greece-s-ruling-Syriza-party-calls-for-FEDERAL-EU

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https://www.thenewamerican.com/world-news/europe/item/26062-globalist-french-president-gets-to-work-empowering-eu

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http://www.breitbart.com/london/2017/05/16/macron-sets-course-european-superstate-first-day-french-president/

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http://www.express.co.uk/news/politics/775459/European-Union-Jean-Claude-Juncker-Guy-Verhofstadt-superstate-vision-EU

More political theatre to deceive the sheeple. Click on image for article.

http://www.voxeurop.eu/en/content/news-brief/2211991-10-countries-united-states-europe

Click on image for article.

August 10, 2017 Posted by | Economics, EndTimes, GeoPolitics | , , , , | Leave a comment

EUROPE ON THE EDGE: Macron to Spark EU Rupture as He Cracks Down on Cheap Eastern Workers

  • EUROPE ON THE EDGE: Macron to Spark EU Rupture as He Cracks Down on Cheap Eastern Workers
    by ALIX CULBERTSON, http://www.express.co.uk/
    EMMANUEL Macron is fuelling a major east-west split in the European Union as he pushes for rules to protect French workers from “unfair” labour competition from eastern states.

    The flailing French president has pledged to counter “social dumping” in France in which companies employ cheaper labour from the poorer eastern European states, threatening French workers’ jobs, an official said.

    EU states are divided on rules under which, for example, a Bulgarian truck driver or a Lithuanian bricklayer can work in France for a limited time for the eastern European wage, often below the minimum level guaranteed in wealthy western Europe.

    Poland, Hungary, Slovakia and the Czech Republic say they should be allowed to compete on lower prices – just as more developed western EU nations compete on quality products and know-how – to catch up after decades of communist stagnation. The dispute is shaping up as one of the most contentious issues facing the bloc, exacerbating an east-west rift as it seeks unity to tackle Brexit.

    read more.

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August 9, 2017 Posted by | Economics, GeoPolitics | , , , , , , | Leave a comment

‘Juncker is Deeply Worried!’ Brussels is Crumbling and the EU is Panicking Says Professor

  • ‘Juncker is Deeply Worried!’ Brussels is Crumbling and the EU is Panicking Says Professor
    by DARREN HUNT, http://www.express.co.uk/
    THE EUROPEAN UNION is crumbling and Jean-Claude Juncker is “deeply worried” according to professor Matthew Goodwin.

    The professor insisted that the European Union was falling apart and was facing massive challenges, with Brexit just one of its problems. Speaking to RT, Mr Goodwin suggested that Brexit was leading to a change in political stance in some EU member states. He said: “I think Jean-Claude Juncker is deeply worried about the direction of the European Union even if he is not saying so publicly. “I think if you look at what has happened to the EU after Brexit, if you look at Italy for example where you have the refugee crisis causing a real problem and causing political volatility in Italy.

    read more.

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August 5, 2017 Posted by | GeoPolitics | , , , | Leave a comment

Italy is ‘EXISTENTIAL Threat’ to EU: Economic Expert Warns Italy Crisis Will DESTROY EU

http://www.express.co.uk/news/world/822648/Italian-finance-minister-warns-Venetian-banks-could-collapse-Italian-economy-and-EU

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  • Italy is ‘EXISTENTIAL Threat’ to EU: Economic Expert Warns Italy Crisis Will DESTROY EU
    by AURORA BOSOTTI, http://www.express.co.uk/
    INVESTMENT planner Paul Gambles warned that the growing Italian political crisis could become a bigger risk to the European Union than Brexit.

    Financial expert Paul Gambles from the MBMG Group warned that the current political crisis faced by Italy could become an “existential threat” to the European Union.

    Speaking to CNBC, Gambles explained that the Southern European country could elect an anti-European majority in the upcoming elections planned for 2018. “Italy has to have elections sometime within the next six months and there’s a real ground swell that actually could be an anti-Europe majority or an anti-Europe coalition.”

    “Italy is a full on, a major member of the EU because it’s a member of the eurozone. If there’s any sign at all of this election going to an Italian exit-style party or coalition then that’s really a  major existential threat to euro, to the eurozone.”

    “All bets are completely off in that situation.”
    Italians will be called to the ballots sometime in Spring 2018 to elect their government despite the current Parliament being in the midst of changing the electoral law. Over the past 24 years, Italy has changed its electoral law three times.

    read more.
http://www.express.co.uk/news/world/767245/European-Union-two-speed-founding-members-Italy

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http://sputniknews.com/europe/20160822/1044502282/germany-italy-france-relaunching-europe.html

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https://www.rt.com/news/378678-lawmakers-federal-union-of-europe/

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http://www.voxeurop.eu/en/content/news-brief/2211991-10-countries-united-states-europe

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August 4, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , | 1 Comment

WARNING: European Central Bank Propping Up EU’s ‘Zombie Banks will DESTROY Europe

  • WARNING: European Central Bank Propping Up EU’s ‘Zombie Banks will DESTROY Europe
    by JON ROGERS, http://www.express.co.uk/
    EUROPE’S economy is fundamentally flawed with the European Central Bank (ECB) keeping alive “zombie” companies and banks, the head of a German economic think tank has warned.


    The Institute for Economic Research (IFO) in Munich has revealed that the economies across the European Union (EU) are still being hindered by the large amount of “zombie” economies – those companies and banks that are in difficulties but are being kept alive by toxic loans and debts.

    President of the IFO Clemens Fuest said: “The problem of zombie companies and banks is still serious. Especially in Greece, Italy and Portugal, the proportion of bad loans in bank balances is still far too high.”

    According to a recent study by the Bank of America, some nine per cent of the largest exchange-traded companies in Europe are currently such undead companies.

    read more.

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August 2, 2017 Posted by | Economics, GeoPolitics | , , , , , | Leave a comment

“The Euro Crisis Is Not Over” Former ECB Chief Economist Urges “Greek Sabbatical From EU”

  • “The Euro Crisis Is Not Over” Former ECB Chief Economist Urges “Greek Sabbatical From EU”
    by Tyler Durden, http://www.zerohedge.com
    Otmar Issing, former Chief Economist and Member of the Board of the European Central Bank and the German Bundesbank, brings back the specter of Grexit scenarios, demanding a Euro-sabbatical for Greece.

    KeepTalkingGreece.com reports that, uin an interview with business news magazine WirtschaftswocheIssing warned of a new flare-up of the euro crisis.

    “The euro crisis is not over yet,” said the economist, one of the architects of the Euro.


    Issing called on a policy that would include EU treaties allowing the possibility of temporary withdrawal from the monetary union.

    States like Greece would do well with a Sabbatical outside the monetary union.However, it should be accompanied by massive aid from other countries and a growth-oriented economic policy. And one would have to make re-entry into the euro zone dependent on fundamental reforms, ” Issing said.

    Issing no longer relies on the Stability and Growth Pact, a core element of the economic and monetary union. “I would not have considered the dimension of its dismantling by the governments”.

    read more.

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August 2, 2017 Posted by | Economics, GeoPolitics | , , , , , , , | Leave a comment

SHOCK CLAIM: Top German Politician Hails EU as a SUPERSTATE Already as Brexit Plagues Bloc

Daniel 7:7 – ” … behold, a fourth beast, dreadful and terrible, exceedingly strong. It had huge iron teeth; it was devouring, breaking in pieces, and trampling the residue with its feet. It was different from all the beasts that were before it, and it had ten horns.”

  • The endtimes 10 Horn Beast empire is appearing. Behind the scenes the Illuminati has already agreed to the: 10 nations federation – United States of Europe. What is happening now is largely political theatre for sheeple consumption.
  • SHOCK CLAIM: Top German Politician Hails EU as a SUPERSTATE Already as Brexit Plagues Bloc
    by REBECCA FLOOD, http://www.express.co.uk/
    A GERMAN politician has claimed the EU is already a superstate and hailed it as a great success.

    Jürgen Rüttgers, the former Minister President of North Rhine-Westphalia, sang the praises of the European Union despite it facing internal fractures. With the UK voting Brexit and scheduled to leave the EU in 2019, bickering and infighting has plagued the EU. Brussels is calling for deeper integration in a bid to smooth over the deepening cracks. But Mr Rüttgers has heralded the EU as a flourishing and blossoming project. 

    He said: “Grown from the ruins and graves of two world wars, the European states had set out for a common future. “Today the European Union has emerged from it as a great success. Today there is a European people. “Everyone who is a citizen of a member state also has European Union citizenship.”

    read more.
http://www.voxeurop.eu/en/content/news-brief/2211991-10-countries-united-states-europe

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http://www.theguardian.com/world/2014/feb/17/eurozone-countries-united-states-europe-viviane-reding

Only 10 countries out of the 18 will form the “United States of Europe”. This is the endtimes 10 Horn Beast empire. Click on image for article.

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July 21, 2017 Posted by | EndTimes, GeoPolitics | , , , , | Leave a comment

Italy Threatens EU With “Nuclear Option”: Give 200,000 Migrants EU Visas, Sending Them North

http://www.express.co.uk/news/world/829232/Italian-Government-asylum-seekers-200-000-EU-visas-Schengen-scheme-travel

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  • Italy Threatens EU With “Nuclear Option”: Give 200,000 Migrants EU Visas, Sending Them North
    by Tyler Durden, http://www.zerohedge.com
    Two weeks after Italy reacted with anger to Austria’s deployment of troops and armored vehicles to the border between the two nations, while reactivating border controls at the Brenner Pass over concerns that Italy will be unable to handle the roughly 85,000 migrants and refugees who have entered the country so far in 2017, the Italian government has threatened to retaliate in way that assures an imminent migrant crisis as well as an escalation of tensions between the two EU nations.

    According to The Times, an Italian minister and a senator have threatened to issue temporary EU visas to thousands of migrants in an effort to “resolve” Italy’s escalating migrant and refugee crisis, which would then allow the refugees to travel north. The move, which has been described as a ‘nuclear option,’ would allow the nearly 200,000 migrants currently stranded in Italy, to travel across Europe using a Brussels directive loophole.

    Paolo Gentiloni, the prime minister, is livid that the rest of Europe has refused to take its fair share of migrants and that they have closed ports to rescue ships as the number of refugees attempting the treacherous crossing from Libya to the Continent has surged.

    read more.

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July 17, 2017 Posted by | GeoPolitics, Social Trends | , , , , , , | Leave a comment

Eurozone is Doomed Even with German and French Battle to Safeguard Its Future

  • Eurozone is Doomed Even with German and French Battle to Safeguard Its Future
    by HELENE PERKINS, http://www.express.co.uk/
    THE eurozone is on the verge of break up despite France and Germany’s battle to keep it intact, according to one of the world’s biggest investment banks.

    A warning has been fired over the future of the single currency bloc by a senior employee at Bank of America Merrill Lynch, which he says been falling apart since if was formed close to two decades ago.

    Emergency bailouts have been dished out to Greece and Portugal but richer countries, including Germany, have failed to redistribute wealth to poorer eurozone countries.

    Athanasios Vamvakidis, who is based in London and has worked for the International Monetary Fund for 13 years before going to work for the US bank, said the situation had led to a split between members and a rise in inequality.

    He said the stance changed during the global financial crisis but added “divergence seems to be the norm since the eurozone was formed.” Mr Vamvakidis said it was a “red flag for the sustainability of the eurozone” and warned poorer countries could quit the bloc due to mounting debt. He said: “Wouldn’t such countries want to have their own monetary policy at some point? “Wouldn’t populism find the common currency to be an easy target – which is already happening in some countries?”

    He added: “Without growth, debt could prove unsustainable in some countries and populism against the eurozone could find support in some cases, leading to exit of a country left behind. “The probability that a country, at the core or the periphery, may decide to leave under a populist leadership at some point in the future is not low, in our view.”

    read more.

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July 15, 2017 Posted by | Economics, GeoPolitics | , , , , , , , , | 1 Comment

EU’s Big Four Seek Multi-Speed EU for Integration

  • Published on Mar 6, 2017
    The heads of continental Europe’s biggest economies say stronger members of the union should be able to progress “faster, further” without being held back by others.
http://www.express.co.uk/news/world/771606/Jean-Claude-Juncker-EU-speeds-Europe-populism-Brussels-Merkel

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http://www.express.co.uk/news/world/767245/European-Union-two-speed-founding-members-Italy

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http://www.express.co.uk/news/politics/775939/European-Union-EU-big-four-plans-two-speed-Europe-Brexit

Disagreement between Big 4 and Brussels? I don’t think so. This is just thesis-antithesis in action. The Hegelian Dialectic. Big4 or Brussels? Both are controlled by the western Illuminati. One side plays the good guy while the other plays the Bad Cop. Click on image for article.

http://www.express.co.uk/news/politics/701470/Brexit-Merkel-Hollande-Renzi-EU-collapse-Ventotene-Altiero-Spinelli-European-superstate

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http://www.express.co.uk/news/world/683711/Brexit-EU-European-Union-Europe-Fran-ois-Hollande-Angela-Merkel

Will we see the super merger of 3 nations: Gernmany, France and Italy after the formation of the 10 nations United States of Europe? This will be the fulfillment of Daniel 7:20. Click on image for article.

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July 15, 2017 Posted by | EndTimes, GeoPolitics | , , , , | Leave a comment

Macron Says European Financial Transaction Tax Must Make Sense. 10 Nations Have Signed Up

https://sg.finance.yahoo.com/news/macron-says-european-financial-transaction-tax-must-sense-114109588--business.html

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  • The “FTT” is just a euphemism for a Europe wide tax on citizens. If you were to read the details, IMO, there will not just be financial transaction taxes but also personal income tax, property tax, company taxes …. It is for the implementation of a United States of Europe: a 10 nations federation/government.
http://www.euronews.com/2017/05/21/agreement-on-european-transaction-levy-within-reach-austrias-schelling

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https://www.bloomberg.com/news/articles/2016-09-09/eu-financial-transaction-tax-set-for-make-or-break-october-vote

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http://www.reuters.com/article/us-eu-ftt-progress-idUSKBN0TR19C20151208

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July 14, 2017 Posted by | Economics, EndTimes, GeoPolitics | , , , , , , | Leave a comment

French Vow EU Will ‘Rival China and US’ as Member States Mull Eurozone Budget and Minister — Towards a SuperState

http://www.express.co.uk/news/politics/823168/Brexit-news-Tory-MEP-EU-army-Britain-cooperate-defence

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  • French Vow EU Will ‘Rival China and US’ as Member States Mull Eurozone Budget and Minister
    by NICK GUTTERIDGE, BRUSSELS CORRESPONDENT, http://www.express.co.uk/
    EUROPEAN countries are meeting today to discuss plans for major reform of the eurozone which would include creating a single budget for the bloc overseen by its own finance minister.

    French finance minister Bruno Le Maire boldly stated he wanted to create a single economic zone to “rival China and the US” as many countries on the continent finally emerge from the doldrums. EU officials said they had an “ambitious vision” to increase financial integration between the 19 countries and induct other member states into the currency bloc in the future. 

    Jean-Claude Juncker’s eurocrats want to press ahead with long-held plans to link the continent’s economies ever closer together, which would ultimately lead to a single economic zone with its own tax and spending powers. Earlier this year they published a reflection paper laying out five potential options for the future direction of the bloc, ranging from minor reforms to a full-blown superstate.

    As with other reflection papers there was no option to roll back European federalisation, with EU officials insistently sticking to their principle of ever closer union. Arriving at a meeting of the secretive eurogroup this morning Mr Le Maire revealed just how integral France is going to be to the process, with new president Emmanuel Macron an avowed euro centralist. He told reporters: “We are determined…to transform the eurozone, which is today a monetary zone, into a true economic zone, powerful and capable of rivalling China and the US.” 

    read more.
https://www.thenewamerican.com/world-news/europe/item/26062-globalist-french-president-gets-to-work-empowering-eu

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http://www.breitbart.com/london/2017/05/16/macron-sets-course-european-superstate-first-day-french-president/

Click on image for article.

http://www.express.co.uk/news/politics/775459/European-Union-Jean-Claude-Juncker-Guy-Verhofstadt-superstate-vision-EU

More political theatre to deceive the sheeple. Click on image for article.

http://www.express.co.uk/news/politics/773852/jean-claude-juncker-eu-superstate-plans-including-eu-army

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http://www.express.co.uk/news/politics/711387/European-Union-Juncker-plan-economy-army-Brussels-led-superstate

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July 11, 2017 Posted by | Economics, EndTimes, GeoPolitics | , , , , , , | Leave a comment

Italy Openly Discusses Euro Exit in Parliament: Debt Restructuring or “Italeave” on the Way?

  • Italy Openly Discusses Euro Exit in Parliament: Debt Restructuring or “Italeave” on the Way?
    by , https://mishtalk.com/
    In Europe, where it is essentially taboo to publicly discuss anything deemed politically incorrect, some interesting conversations are taking place in the Italian parliament regarding the future of Italy in the eurozone. Via email, Eurointelligence asks Is Italy heading for debt restructuring or euro exit?

    We are reporting from an important conference in Rome yesterday that has caught the Italian news headlines this morning – on the future of Italian public debt. It was organized by the Five Star Movement, held in the Italian chamber of deputies, and openly discussed issues such default mechanism inside the eurozone, sovereign debt restructuring mechanisms, parallel payment systems, and of course euro exit.

    What is important about this debate is that it is now taking place in public – you can’t be more public than inside the parliament. Italians, not only the Five Star Movement, are openly talking about these issues.

    One of us was on the podium, where we reiterated our criticism of the Five Star Movement’s previous-held cavalier notion of a euro referendum. The essential point we were trying to make in the debate, well reflected in this morning’s coverage by the main newspapers, is that euro exit is not a decision to be taken lightly. The announcement of a referendum would produce a financial crisis and might turn into a self-fulfilling prophecy. Euro exit belongs to the category of things that, citing Shakespeare’s Macbeth, “if it were done when ‘tis done, then ‘twere well It were done quickly“.
    ….
    Path Towards Italeave
    I have noted before that all of Italy’s major political parties with the exception of Matteo Renzi’s Democratic Party have flirted with or actively support leaving the Euro. The path to Italeave is a difficult one, requiring a referendum and a constitutional change, but trouble is brewing on a huge number of fronts simultaneously:


    1. The Italian banking system is insolvent
    2. Another refugee crisis is brewing (this time via boats from Libya)
    3. Italy’s youth unemployment is a whopping 37%
    4. The ECB is the buyer of only resort for Italian bonds
    5. Italy’s debt to GDP ratio is over 130% to the consternation of Eurozone officials
    6. The global recovery is extremely long in the tooth
    7. Italy made no progress during the recovery
    8. The topic of Italeave is no longer taboo

    Any number of things could start a chain reaction making Italeave look good to a majority of Italian voters.

    read more.

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July 5, 2017 Posted by | Economics, GeoPolitics | , , , , , , , | Leave a comment

ITALY CRISIS: EU Bails Out Italy’s Struggling Bank Monte dei Paschi for a Whopping £4.7BN

  • ITALY CRISIS: EU Bails Out Italy’s Struggling Bank Monte dei Paschi for a Whopping £4.7BN
    by VICKIIE OIIPHANT, http://www.express.co.uk/
    ITALY’S failing Monte dei Paschi bank has been granted a whopping £4.7billion bailout from the European Union in the biggest handout since the financial crisis.

    More than £17.5bn of Italian taxpayer funds has now been sunk into the country’s fourth largest lender in the past week alone. And the world’s oldest bank was forced to turn to the state for a bailout after failing to raise five billion euros on the market to shore up its capital. Outside Greece, Europe has not seen such big state bailouts since the aftermath of the global financial crisis.

    And the cash injections have raised political concerns about the continued use of public funds to mop up losses at badly run banks despite the introduction of new EU rules designed to prevent this. In a statement on Tuesday,  state aid regulators said Rome could inject an extra 5.4 billion euros aid into the bank after it agreed to a drastic overhaul. The plan includes the transfer of €28.6bn worth of bad loans to a special vehicle and a salary cap for senior managers.

    read more.

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July 5, 2017 Posted by | Economics, GeoPolitics | , , , , , , | 1 Comment