Via Mint Partners' Bill Blain, Today’s big event was Italy's 10% auction. Buyers can’t ignore yield, and I suspect many were “encouraged” to participate. But a decent Italy auction doesn't change the brutal facts. Electoral fall-out blankets the Euro battlefield, but it was decisions made years ago that have brought us to this blasted heath. Markets are caught in... Stalemate. On one side you have the disbe ...

Hundreds of thousands take to the streets to denounce austerity and defend democracy as corruption scandals shake Spanish royal house and government. Europe’s 2013 protest season finally kicked off this week. On Saturday, three days after the umpteenth general strike paralyzed Greece, a “citizens’ wave” of indignation washed over Spain with hundreds of thousands of protesters swarming onto the streets of Ma ...

Growers and shrinkers   The fastest growing and shrinking economies in 2013 MACAU will be the fastest growing economy this year, according to the latest estimates from our sister company, the Economist Intelligence Unit (EIU). Growth is expected to return to a faster pace as new casino projects are resumed and Chinese visitors (with rising wages) continue to raise gambling revenues. Mongolia, in second ...

Spain: Fernando Lezcano: 'The sacrifice is not being shared'   The European Trade Union Confederation has called a day of action and solidarity throughout Europe on 14 November to fight against the austerity policies being deployed throughout Europe. This day of action will mean a general strike in this country, which, for the first time in recent history, will also be simultaneously held in other Euro ...

Thousands of Spaniards marched in cities across the country on Sunday to decry tough austerity measures, part of a growing protest movement that shows no signs of abating and could culminate in a general strike in November. Hundreds of thousands of Spaniards have taken to the streets in near-daily protests over the past few months, creating a headache for the centre-right government as it faces regional ele ...

Anti-austerity rage intensified in Madrid, as protesters surrounded the parliament Tuesday night in a sign of mounting frustration towards the right-wing government. Their demands included the resignation of top officials with new elections, the halt to austerity measures, and the rewriting of the Spanish Constitution. The protesters charged the government with theft and criminal activity for implementing h ...

Tens of thousands of Spanish and Portuguese protesters have gathered on the streets of Madrid and Lisbon to rally against the economic pain caused by the countries’ harsh austerity programs. In Spain, demonstrators spoke out against government spending cuts, tax hikes, and the nation’s alarmingly high unemployment rate. ...

Spanish police have fired rubber bullets and baton-charged protesters attending a rally against austerity. Spanish media reported that at least 20 people had been arrested and more than a dozen injured. The "Occupy Congress" protest comes as the government prepares to unveil further austerity measures on Thursday in a bid to shrink its budget deficit. ...

INFORMATIVE DEMONSTRATION FOR THE CALL OF “25S SURROUND THE PARLIAMENT” 19:00H, 25-09-2012, DAM SQUARE, AMSTERDAM   CONTEXT The collective “Plataforma En Pie” (Stand Up Platform) made a calling through social media to force a new constitutive process in Spain, under the slogan “ On the 25th of September Occupy the Parliament”. The lack of clarity and transparency both in the objectives of the call and ...

The Deposit Flight Which Could Undermine the Euro By Yalman Onaran An accelerating flight of deposits from banks in four European countries is jeopardizing the renewal of economic growth and undermining a main tenet of the common currency: an integrated financial system. A total of 326 billion euros ($425 billion) was pulled from banks in Spain, Portugal, Ireland and Greece in the 12 months ended July 31, a ...