European Crisis
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Tens of thousands of chauffeur driven cars are available to Italian politicians, there are more Porsche Cayenne owners in Greece than taxpayers earning more than 50,000 euros (£41,260), and half of Spain's youth are unemployed. "A couple of years ago, there were more Cayennes circulating in Greece than individuals who declared and paid taxes on an annual income of more than 50,000 euros, a figure only slightly above the vehicle's list price" is a quote widely reported in mainstream media and on blogs worldwide.
The truth about Greek Porsche owners
9 December 2011 Last updated at 17:11 GMT European leaders, with the exception of the UK, have backed a tax and budget pact aimed at solving the eurozone debt crisis and preventing the implosion of the single currency.
How will the euro crisis end? (BBC News)
Eurozone debt web: Who owes what to whom?
The circle below shows the gross external, or foreign, debt of some of the main players in the eurozone as well as other big world economies. The arrows show how much money is owed by each country to banks in other nations.Unicredit shares fall on rights issue concerns - BBC News
Unicredit has to raise funds to meet new banking regulations
What really caused the eurozone crisis? - BBC News
And that was in the year that featured the Arab Spring, the Japanese tsunami and the death of Osama Bin Laden.The European Central Bank is set to flood euro-area banks with cheap cash as they flock to its offer of three-year loans today. Banks will ask the ECB for 293 billion euros ($384 billion) of the 1,134-day funds, according to the median of 14 forecasts in a Bloomberg News survey of economists. Estimates range from 150 billion euros to as much as 600 billion euros.
Banks May Flock to ‘Free Money’ as ECB Awards 3-Year Loans - Bloomberg
Baum: Summit to Save Euro, Part 5, Debuts in Brussels - Bloomberg
On Feb. 15, 1999, Alan Greenspan, Robert Rubin and Larry Summers were featured on the cover of Time magazine as “The Committee to Save the World.”European CEOs Move Cash to Germany - Bloomberg
Grupo Gowex (GOW) , a Spanish provider of Wi-Fi wireless services, is moving funds to Germany because it expects Spain to exit the euro.
EBA - EU Capital Exercise Dec. 2011