Latest update: 28/09/2011

- debt - eurozone - media - recession

'Sociopathic' trader suspected of being a prankster

MEDIAWATCH, Tues. 27/9/2011: A BBC interview with a London-based trader drew gasps Monday when Alessio Rastani suggested he had been eagerly awaiting the onset of another major recession. Online, there was speculation that Rastani was a pranskter, since his declarations were so extreme as to border on satire.

MEDIAWATCH

By James CREEDON

Correction: The Bhopal disaster was a chemical disaster, NOT an oil spill as I mistakenly said.

Greenpeace describes it as follows:

"On the night of December 2, 1984 a pesticide plant in Bhopal, India leaked methyl isocynate gas and other chemicals creating a dense toxic cloud over the region and killing more than 8,000 people in just the first few days."

James Creedon

Presenter

25/05/2012 - MEDIA WATCH

Social media clampdown during the Olympic Games

No tweeting from the stadium: visitors to London 2012 will be forbidden from posting photos and videos on social media networks. The Olympic Committee has produced a guide on how to share the games online, while adhering to the rules. And a punch-up in the Ukrainian parliament; deputies come to blows over a controversial Russian language bill.

25/05/2012 - MEDIA WATCH FRANCE

Power struggles in the UMP

Trouble in the UMP? After François Fillon said the opposition had no "natural leaders" right-wing politicians come out in favour of the former prime minister or Jean-François Copé, likely contenders for the party leadership. And holidays courtesy of the state: one MP took his family away on his parliamentary expenses. Finally we weigh up the online campaign of the National Front's parliamentary candidates.

25/05/2012 - MEDIA WATCH

Protest songs from Azerbaijan

We follow Egypt's voters online as they tweet and post their election experience for all to see. Meanwhile, Western media focuses on women and the democratic process, as veiled voters hold up their inky fingers on front pages around the globe. Azerbaijan prepares for the Eurovision song contest, while human rights activists in the country draw attention to forced evictions in the capital, Baku.

24/05/2012 - MEDIAWATCH FRANCE

After Merkozy, Merkollande?

Digital voting is dangerous: that's what a new report says, as thousands of French nationals cast their vote online in the parliamentary elections. And could Google be asked to remove its search suggestions? Anti-racism groups think the search engine could have an anti-Semitic bias. Finally, we take a look at Europe's new power couple, "Merkollande", and how they're getting on.

23/05/2012 - MEDIAWATCH

A sandstorm in a teacup

A group of investors is trying to sue Facebook after its share price dropped sharply this week. Could the tide be turning for Mark Zuckerberg and the world's biggest social network? And the camera never lies: a Romanian journalist tries to fake a sandstorm for his weather broadcast... with entertaining results.

Comments (2)

Just to add one thing.

by Anonyme - 12/10/2011 - 08:00

This morning we have a letter from 100 prominent Europeans in every newspaper in Europe where they are marketing that idea of federal state except it is in the form of ..... "1. Establish a common treasury that can raise funds for the euro zone as a whole and ensure that member states adhere to fiscal discipline"

Read between the lines. 100 prominent Euro thinkers say Eurozone is a failure. And they hope for 1st steps pf federalization - other hope for diruption of Eurozone. Dreamers think lets continue like before.

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Sociopathic' trader suspected of being a prankster

by Anonyme - 30/09/2011 - 00:28

Hah 'Sociopathic'

Euro-fans - don't shoot the messenger if you don't like the message.

Lets seriously stop to think for a minute. We have all these separate economies that are tied to each other with Euro which is basically against market economy.

The only common agreement is The Stability and Growth Pact (SGP) where it is agreed that
a) an annual budget deficit no higher than 3% of GDP (this includes the sum of all public budgets, including municipalities, regions, etc)
b)a national debt lower than 60% of GDP or approaching that value.

And none EU member takes it seriously except Estonia ja Luxembourg even if all the countries of Eurozone have signed to it.

Now governments can try to affect the markets with their investments - or should we say with our investements cos it is tax money - but lets not kid ourselves - government money is only a drop in the ocean of all investors.

If YOU had a billion - where would you invest it. Greece maybe?

Eurozone is doomed to fail. When it will happen is another question. The Soviet economy lasted quite a long time but eventualy it collapsed.

We have 2 choices - combine our economies for real which would mean heading for a federal state or be a loosly idealogical union with separate currencies. You either are pregnant or not. You can not have it both ways.

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