Posts Tagged ‘Credit Crunchs’

Another credit crunch looms

by Ann Pettifor.

The finance sector is signalling alarm, and our politicians are once again asleep at the wheel. Another “credit crunch” may be looming. The most significant evidence emerged from the ECB’s second Long Term Refinancing Operation (LTRO) on Thursday last week. The LTRO is simply language intended to disguise the “printing of money” by the ECB […]

The second global banking crash

by Michael Meacher.

The EU sovereign debt crisis is not primarily about the 17 countries that constitute the Eurozone, it’s about the intertwined European banks’ exposure to a mountain of speculative lending in high-risk countries that could never have survived German competitiveness within a single currency. The UK is equally at fault here even though not itself a […]

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