Tuesday, July 12, 2011
7/12/2011 - WORLD WIDE FINANCIAL CRASH!
UniCredit, one of the largest banks in Europe, is collapsing; trading in its shares halted, all of Europe is in a state of shock.
Italy, the third largest economy in the euro zone, is in a death spiral — the same pattern that drove Greece, Ireland and Portugal over the brink.
And the United States, the country, which everyone hoped might be immune to the contagion, is now just 21 days from its own Day of Reckoning.
NYSE Euronext announced that their benchmarks in France, Belgium, Portugal and the Netherlands are no longer updated.
"A las 9:56 la transmisión del AEX, CAC 50, BEL 20 y PSI 20 se ha parado", explicó la compañía en su página web". "At 9:56 the transmission of the AEX, CAC 50, BEL 20 and PSI 20 has stopped," the company said on its website. "
They are all frozen. Trying to stop a crash? Will they blame hackers for this?
Europe considers Greek default, leaders to meet
http://www.reuters.com/article/2011/07/13/us-eurozone-idUSTRE7691HM20110713
(Reuters) - European Union leaders are poised to hold an emergency summit after finance ministers acknowledged for the first time that some form of Greek default may be needed to cut Athens' debts and to stop contagion spreading to Italy and Spain.
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