The EU Council decided to impose sanctions on Turkey for continuing its illegal drilling operations in the Cypriot territorial waters violating the EU member’s sovereignty rights. The Turkish side however keeps claiming the natural sources in the area and insists on the myth that they have equal rights with the Republic of Cyprus. The under […]Turkey remains numb while its economy is expected to shrink further due to a cocktail of EU and US sanctions
July 17, 2019 by Leave a Comment
The EU Council decided to impose sanctions on Turkey for continuing its illegal drilling operations in the Cypriot territorial waters violating the EU member’s sovereignty rights. The Turkish side however keeps claiming the natural sources in the area and insists on the myth that they have equal rights with the Republic of Cyprus. The under […]Parallel downfalls of Merkel and Deutsche Bank threaten Germany and Europe
September 27, 2018 by Leave a Comment
Only a few years ago, Germany’s stars of pride and accomplishment were personified and embodied in the unparalleled triumphant stories and achievements of Chancellor Angela Merkel and Deutsche Bank. They both had amazed Europe and the world, with their successes in the politico-economic universe. Until the legislative elections of September 2017, and probably sometime earlier […]Deutsche Bank slammed by the US-based trio of IMF, Fed and Moody’s
July 4, 2016 by Leave a Comment
Last Thursday morning the International Monetary Fund and the American central bank, the Fed, simultaneously but in the face of it independently, issued warnings about the health of the largest German lender, the long ailing Deutsche Bank. A few days before that the US rating agency Moody’s had degraded the creditworthiness of the bank close […]Italy can stand the US rating agencies’ meaningless degrading
March 11, 2013 by 1 Comment
Last Friday the Fitch rating agency downgraded Italy’s long term creditworthiness to “BBB+” from “A-“, with negative outlook. The American firm did that with a delay of many days after the Italian elections, citing as reason the unconventional results of the vote. It is important to note however that capital markets themselves, after the initial […]The European Parliament fails to really restrict the rating agencies
January 17, 2013 by Leave a Comment
The European Parliament adopted yesterday tougher rules for the issuance of creditworthiness ratings on governments and private businesses by the relevant agencies. Obviously the new legislation was voted in relation with and aims to set new restrictions on the activities of the three largest of them, namely Standard & Poor’s, Moody’s and Fitch IBCA. But […]The three US financial war fleets
November 20, 2012 by Leave a Comment
The three American creditworthiness “musketeers”, Standard and Poor’s, Moody’s and Fitch are the modern times landing crafts that Washington employs whenever the US want to debark on the European financial shores. Over the past years every time that the Eurozone is about to make a crucial decision to solve or at least alleviate the […]
