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French govt guarantees Credit Immoblier Bank funding dried up Bond payment due 30 bln euro loans 20 bln guarantee 300 branches Lending to poor Chinese manufacturing Unexpectedly contracts First time in 9 mths Official PMI ANZ cuts forecast Below 8% vs over 8% Further stimulus Widely expected Bernanke speaks Jackson Hole 24 page speech QE [...]

Recipe for disaster - * Take one small, war-ravaged nation with no natural resources and no heavy industry to speak of. *Subsidise their economic recovery to ensure the right outcome in their ongoing Civil War by ensuring the establishment of a comfortable, broadly social democratic welfare state, with an ecconomy based chiefly on tourism to [...]

www.euronews.com Credit Agricole has said it hopes to complete talks on the sale of its troubled Greek bank Emporiki within weeks. Three Greek bidders are interested in Emporiki which continues to hammer the French bank’s results - costing it 370 million euros in the last quarter alone. Credit Agricole said it intends to keep a [...]

EUROZONE COLLAPSE - Angela MERKEL Insists No DEBT sharing in Europe All eyes are on the latest EU summit starting in Brussels today with leaders gathered to agree on measures to boost growth in the region. But hopes for a breakthrough are fading away with Germany’s refusal to back other countries’ debts. European Council President [...]

Money as Debt is a short animated documentary film by Canadian artist and filmmaker Paul Grignon about the monetary systems practiced through modern banking.