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IMF Warns: Global Stagnation If Ukraine Not Bailed Out

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IMF boss recycles scary mantra used in 2008 to bailout too big too fail banksters. IMF boss Christine Lagarde has recycled the bankster mantra as the globalists push for a bailout of Ukraine. “Geopolitical tensions” in Ukraine “could cloud the global economic outlook” and “could have broader spill over implications,” she told an audience at the... 

EU aid destroyed Portugal

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Portugal, a member of the EU since 1986, is rapidly losing its population due to significant emigration. In terms of the economic indicators Portugal is approaching the level of the least developed countries in the Eastern Europe. The decline became particularly rapid three years ago, when Portugal began to receive financial assistance from the EU. Isn’t... 

Russia to cancel Cuba’s $29 billion of Soviet debt

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Russia is going to write off 90 percent of Cuba’s $32 billion Soviet-era debt as part of a deal to end a 20-year dispute, according to diplomatic sources cited by Reuters. Prime Minister Dmitry Medvedev agreed to write off the island’s debt during a visit to Havana in February 2013, stressing details would be finalized by the end of the year. In October,... 

US Congress triples Obama’s request on military aid to Israel

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US President Barack Obama speaks with military personnel while viewing an Iron Dome missile battery on March 20 at Israel’s Ben Gurion International Airport. The US Congress has authorized $284 million to fund Israel’s missile systems program, triple the amount the Obama administration had requested. The bill, introduced jointly by the House of Representatives... 

Bailout of General Motors cost taxpayers $10.5 billion

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The US government ended up losing $10.5 billion on the General Motors bailout. Taxpayers lost a whopping $10.5 billion on the federal government bailout of General Motors – but officials insisted another course of action would have been even worse. After selling its remaining shares of the Detroit-based automaker Monday, the US Department of the Treasury... 

House committee endorses extra $500 million aid to Israel

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The US House of Representatives Armed Services Committee has proposed a nearly half a billion dollar increase in military aid to Israel even as the United States is struggling with domestic economic issues. The committee approved $488 million last week to fund Israel’s development of two missile systems and to finance the purchase of extra batteries for 2014. The... 

Evangelos Venizelos: Anyone against our bailout plan is the equivalent of Golden Dawn

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These unscrupulous and heartless puppets of the pro-bailout coalition, are the willing servants and agents of the international loan sharks who fanatically obey the wishes of their masters and desperately fight the Golden Dawn, because they know that we are the only barrier to their unpatriotic plans. One of the most ardent supporters of foreign occupation... 

IMF approves €84.7mn Cyprus bailout loan

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The bailout would save Cyprus from bankruptcy and possibly guarantee its future in the eurozone. International Monetary Fund (IMF) has agreed to grant 84.7 million euros (USD 113.1 million) in financial aid to Cyprus, as part of a 10-billion-euro bailout program to the debt-stricken country. On Monday, the IMF said it agreed, in partnership with the European... 

Greece will need more rescue funds after 2014: EU official

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A woman holds the Greek flag during an anti-austerity protest, July 13, 2013. A European Union official says Greece will need more rescue funds from its international creditors as the current rescue loan program expires at the end of 2014, amid economic slump in the European country. “Greece’s trouble will not have been completely resolved by 2014. It’s... 

Greece may get third bail-out as Germany signals $328bn wasn’t enough

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German finance minister, Wolfgang Schäuble, has unexpectedly said that Greece will need more financial help, admitting for the first time that $328 billion pledged so far won’t be enough to save Greece from bankruptcy. Schäuble’s surprise admission of this deeply unpopular prospect comes at a sensitive time for his party. Germany will hold a general... 

Greece to need more bailout loans by start of 2014: Germany’s central bank

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A German flag flies in front of the Bundesbank headquarters in Frankfurt. A report has revealed a document showing Germany’s central bank predicts that the recession-hit Greece will need more rescue loans from its international creditors by the start of the next year. According to the report published by prominent German magazine Der Spiegel earlier this... 

Egypt Central Bank receives USD 2 billion from Saudi Arabia

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Supporters of Egypt’s deposed President Mohamed Morsi walk past his portrait during a protest outside a mosque in Cairo on July 23, 2013. Saudi Arabia has transferred USD 2 billion to the Egyptian Central Bank as part of an aid package Riyadh has pledged to Cairo following the ouster of President Mohamed Morsi. The USD 2 billion of Saudi funds arrived... 

Greek civil service workers go on strike over massive layoffs

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Protesters attend a demonstration in Athens, Greece, July 8, 2013. Tens of thousands of Greek municipal workers have staged a strike to protest against the massive public sector layoffs enacted by the government in order to secure promised loans. Greek civil servants including policemen and schoolteachers took to the streets outside the Administrative Reform... 

Athens mayor attacked over job cuts tied to Greece bailout

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Athens Mayor Giorgos Kaminis Greek staff unionists have physically assaulted Athens Mayor Giorgos Kaminis amid protests against job cuts tied to Greece’s bailout, officials say. The mayor’s office said Kaminis was “physically attacked” on Sunday while he was leaving a Confederation of Greek Municipalities (KEDE) meeting, where he held discussions about... 

Banking scandal hits Ireland

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The global banking crisis of 2008, caused by the reckless behaviour of American lenders, spread shockwaves around the world that are still being felt today. Banking giants such as Lehmann brothers & Bear Stearns collapsed and other banks scrambled to secure ‘bailouts’ from their governments to avoid going the same way. In Ireland, the downturn in the... 
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