Greece bailout ends but with no substantial effect on citizens’ life

It was yesterday when the Prime Minister Alexis Tsipras stated from the Greek island of Ithaca that the austerity measures are over cheering for the Greek bailout programme exit. Mario Centeno, the chairman of the ESM’s board of governors, had said last Monday that Greece is once more a nation which doesn’t need any additional […]

Threats from mammoth banks and Brussels fuel May’s poll rates

The Theresa May brexiteer government has started feeling the heat about their choice to fight an electoral battle on a clear and loud plea, that a vote for Tories on 8 June is a vote for a hard Brexit. And mind you the closer we get to the polling date the more heated the controversy […]

Why the financial scandals multiply?

Deutsche Bank discharged yesterday a number of medium ranking dealers, related to the Libor fixing ring, while along with other major European lenders Deutsche appears ready to pay fines of hundreds of millions. Yesterday the Royal Bank of Scotland, another “systemic” financial group, agreed to pay $600 million in fines to US and British authorities […]

ECB to support only banks not Peoples

In two different articles the European Sting yesterday made important references and observations on the policy lines followed by the European Central bank. ECB’s double standards Maria Milouv in her article entitled, “European financial values on the rise”, commented as follows: “With the prospect of a further reduction of ECB’s interest rates appearing now more distant […]

Banks cannot die but can be fined

The oldest Swiss bank was forced to temporarily shut down its US subsidiary yesterday, after its lawyers accepted that it has being helping at least 100 American citizens to avoid taxation. The bank Vegelin, of St Gallen, established in 1741 is accused by the US tax authority, the famous IRS, that it has directed those […]