Crash Warning: 12 Signs Of A Major Global Economic Crisis Is Happening In Front Of Us
Investmentwatchblog.com
July 22nd, 2016
European Financial System is ‘Nearing a Grand Catastrophe’
The cheap money policy of the European Central Bank creates risk for the entire European financial system
The European Central Bank purchased €85.1 billion ($94.8 billion) of debt in June as it increased its asset-purchase program, Bloombergreported.
The asset-purchase program is part of the ECB’s quantitative easing plan. The pace of buying in June compares with a target of €80 billion per month. Thus, the bank is directly investing into the European economy, bypassing the banking system.
This program creates significant risks while its advantages are questionable, financial expert Ernst Wolff said. He warned that the initiative may result in a total financial collapse.
Singapore Seeks U.S. Chapter 11 style Bankruptcy Reform as worldwide default on bonds at the fastest pace since the global financial crisis
Singapore is seeking to enhance its position as a center for debt restructuring by giving its insolvency law some of the powers of the U.S. bankruptcy code’s Chapter 11, just as companies worldwide default on bonds at the fastest pace since the global financial crisis.
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