Tag Archives: European Economy

Latvia´s largest bank fights off depositor run after rumors of imminent collapse.

Yahoo News  December 12, 2011 – LATVIA – Latvia’s largest bank scrambled Monday to head off a run among depositors who were gripped by rumors of the bank’s imminent ruin. Weekend rumors that Swedbank was facing legal and liquidity problems … Continue reading

Posted in Economy, Europe | Tagged , , , , , , , , , , , ,

End of an era: West Looks East ?

Opitato Guvamombe first published in The Herald An unprecedented economic crisis has been tearing the Euro to pieces, forcing European countries – the self-acclaimed proponents of democracy – to look east and take their well-polished begging bowel to China. China … Continue reading

Posted in Africa, Geo-Politics, World | Tagged , , , , , , , , , , , , , , , , , , , ,