EHankins » June 1st, 2015, 2:10 am BAC DOC...THIS IS VERY INSIGHTFUL...IF, THIS DEBT DOES DISAPPEAR CARNAGE UNFOLDS "SEEMINGLY" KNOWING THE GCR IS IN THE OTHER HAND AS A SAFETY NET FOR ALL COUNTRIES CONCERNED...
THE RESET ON A GLOBAL SCALE WILL BOOST/FILL ALL THE COFFERS DUE TO THE RESET AND KNOW ONE LOSES...NO HARM NO FOUL?
THE DOLLAR TAKES OVER IN ALLLL
THESE EURO BASED COUNTRIES...TRUST IS THE NAME......AM I ON TARGET SIR OR WAY OFF??????
IT JUST SEEMS TO FIT...AS IF THEY WANT AN ACCIDENT BUT HAVE THE MEANS NECCESSARY SO NO ONE BLEEDS OUT.......
JUST AN APPEARANCE OF AN ACCIDENT..WORTHY OF NEWS.
FrostyTheSnowman » June 1st, 2015, 2:11 am
Well said BackDoc ...
Yup ... it's like a "PREMEDITATED ACCIDENT" waiting to happen.
Let's see ... WHO was it that once said ... "Never let a CRISIS go to waste?"
ACCIDENT??? ... CRISIS??? ... Let the rubber-necking begin
Bluedog » June 1st, 2015, 5:12 am
Abadi: we have no money and we are suffering from a lack of weapons
Iraqi Prime Minister Haider al-Abadi said in a television interview that the country is suffering a difficult economic situation echoing previous statements, and pointed out that his government would not arming tribal groups opposed to Daash unless certain conditions.
He said al-Abadi in the recorded interview broadcast on state TV that after the collapse of the city of Mosul, however, the organization Daash Iraq has there 2300 Hummer vehicle and several tanks without offset, stressing that the maintenance engineers of foreigners have left the country because of the security situation did not enable Iraq to maintenance and repair of military vehicles.
He pointed to the need for his country to arms, he said in response to a question about being accused of stalling in arming the tribes, "I can not Aslh everyone, what I did not see the fighters on the ground .. and then to see them on the ground must see them and see their names .. we will not repeat what happened previously "referring to the government of his predecessor, Nuri al-Maliki.
When asked about the status of Baghdad Abadi said he did not risk military on Baghdad but "there is a security risk to Baghdad" by launching attacks and the use of sleeper cells.
He said the dismantling of a number of associated Bdaash cells in Baghdad, and most recently "responsible for the bombings of Karrada and Mansour cell," stressing the importance of activating the intelligence effort in the country.
Abadi strongly defended the popular crowd and said, "the crowd in the interest of the country .. but it needs to adjust and must to control the crowd .. New construction .. needs to be set for him to be clean."
"So I'm excited to pass the National Guard Law .. because this law is to protect the crowd and the law is now in the House and I hope voting on it."
And on the oil agreement Abadi said, "was previously the province do not deliver any oil to the Iraqi government, and were taking a share of the budget without oil .. However, the budget ran out .. and become a problem."
"The agreement (with the Kurds) is that they handed us over oil and their share in the budget .. There balancing theory approved by Parliament, the Budget approved spend half of it, and the oil, though it is not sold as in the price of the budget .. we lose 40 percent, making the region's share disposal of spending real ".
He went on saying, "Now the brothers the Kurds expect to take a share of the budget and the fact that the theory .. surprised at this speech at a time when we are exposed to try to pressure .. I do not want to get into an argument."
He also said, "We in the government are committed to the oil agreement 100 percent .. Note that the source of the oil figures are taken from the Ministry of oil and imports from the Ministry of Finance .. and their friend Oil Minister and Minister of Finance of them."
He pointed out that what his government is doing about it is "for justice" in particular that the agreement refers to the sums of money to meet the province LINK
Walkingstick » June 1st, 2015, 7:11 am
Private banks association calls for legislation to ensure financial deposit law to support local banks
BAGHDAD / Sky Press: Faleh Hussein
It demanded the private banks association, Monday, to speed up legislation to protect the financial deposits to support the financial assets in the domestic banking law, noting that this law will encourage companies and owners of capital to bid farewell to their money in banks.
The executive director of the Association Abdul Aziz Hassoun's "Sky Press," that "all countries in the world have the law take care to ensure the financial deposits of citizens and companies and owners of capital in the banks," pointing out that "Iraq needs legislation to protect the financial deposit law under the current security conditions experienced by the country. "
"The government is ready with the law since 2005, but the House of Representatives legitimizes not in spite of its importance," calling on Parliament to "accelerate legitimizes to encourage public companies and investors to bid farewell to their money in local banks and increase mutual trust."
The banking system in Iraq consists of forty-three banks as well as the Central Bank and distributed by property between (7) and state banks (30) Ahli Bank, including (7) Islamic banks in addition to (6) of foreign banks.
Thunderheart » May 31st, 2015, 11:28 pm Crunch Time for Greece
Years of uncertainty and economic pain spent keeping Greece in the euro zone boils down in June to a handful of make-or-break debt repayments, while a raft of key data in the next few days will point to the progress of the global economy.
The threat posed to the wider world by an eventual Greek exit from the euro may have diminished over the last few years, but last week the United States warned of an “accident” for the world economy if Greece and its creditors miss deadlines this coming month to avert a debt default.
Most analysts think Greece has enough cash and options to avoid default when a roughly 300 million euro ($ 330 million} payment falls due on June 5 to the International Monetary Fund. What happens in the subsequent weeks is less clear. “We believe meeting the 1.6 billion euros in payments to the IMF by the end of June will be difficult. Payments of 3.5 billion euros on bonds held by the ECB on July 20 appear even more unlikely,” said Michael Gapen, economist at Barclays.
“Without an agreement, Greece could descend into what would effectively be an exit from the euro area, where defaults and capital controls become a permanent feature.” Gauging the likelihood of a substantive agreement is difficult because of a clear difference in tone between Athens, optimistic of striking a deal soon, and its far more cautious creditors.