Eurozone Financial Crisis

News

Italian Bonds Nearing 7%, Calls for Berlusconi to Step Down Increase.

Italian bonds edged dangerously closer to the 7% threshold at which investors have determined Italy will have severe difficulties refinancing its debt or even paying it back in a timely fashion. The spread of panic from Greece to Italy seems to be controlled thus far but if Italian bond yields reach the 7% mark the […]

Greek Prime Minister George Papandreou Resigns.

Embattled Greek Prime Minister George Papandreou has announced he will resign as soon as the composition of a unity government is decided according to multiple sources. To read more of Demagaga’s ongoing coverage of the Greek Bailout Crisis: Eurozone Leaders Prepare for Papandreou’s Departure. Papandreou Comes from Greek Political Dynasty. Greek […]

Eurozone Leaders Prepare for Papandreou’s Departure as Greek Prime Minister.

Things are not getting easier for Papandreou as his crisis stricken government is said to be on the moves to oust him as prime minister and replace him with current finance minister, Evangelos Venizelos. Even though Papandreou survived the confidence vote at 153 to 145, he is a divisive figure incapable of uniting the nation […]

Greek Prime Minister George Papandreou Comes from Prominent Political Family.

Greece and its Prime Minister, George Papandreou, have been at the center of the debt crisis wracking the eurozone since its beginning. In many ways, Papandreou has become the target of scorn for both Europeans and frustrated Greeks and, after narrowly surviving a confidence vote this past Friday, it is any wonder he thinks himself […]

Italy’s Ruling Coalition Close to Disintegration.

Almost in lock step with the Greek crisis comes the spread of panic to its heavily indebted eurozone neighbor, Italy. Italian Prime Minister Silvio Berlusconi’s coalition government has reportedly rebelled against him, but he has vowed to not relinquish the reins of power. Berlusconi’s government has made Italy a bit of a farcical sideshow given […]

Chinese People Pressure Government to Not Contribute to Eurozone Bailout.

The Chinese people are making it known to their government, online and elsewhere, that the PRC had best help its own people before even considering assistance for Europe. European leaders have asked China to contribute money to the European Financial Stability Facility to increase the fund’s capacity but the PRC has so far given this […]

Greek Referendum Called Off, Military Leaders Dismissed, Government’s Collapse Feared.

Greek Prime Minister George Papandreou has called off plans for a referendum on the proposed bailout package for Greece’s crippling sovereign debt but this has not shored up support for the embattled Socialist Prime Minister as his government is now expected to collapse in a confidence vote this Friday. The opposition New Democracy Party backed the […]

Silvio Berlusconi admits to sexing up 8 women in one night, in addition to insulting German Chancellor Angela Merkel and isolating anyone who may have ever supported him – this in the midst of Italy’s financials hitting the fan.

It’s always a good idea to call the richest nation in Europe’s leader an unattractive ‘lard arse,’ especially when your incompetent government and marginally powerful state has blown all of its money and threatens the economic stability of the European Union. If ever anyone needed proof that democracy can be the devil in disguise, Silvio […]