“Eurozone banks have cut cross-border holdings of government and corporate bonds to such an extent they have wiped out all the progress towards the integration of the bloc’s debt markets achieved after the euro’s launch.
The striking “re-domestication” of eurozone bond markets is emerging as a significant side effect of six years of financial turmoil.”
German federal government has saved 100 billion euros in interest costs because of the fall in yields since 2008. If you include state governments, the savings is even greater for German government.
In 2012, 48% of German seniors received less than the base amount amount due them under the Hartz IV program. This indicates that senior poverty in Germany is aproblem under these new rules.
The price of Spanish housing has dropped 37% since 2007 but the pace of decline is now moderating
“One of the most notable pieces of equipment identified in Mr. Klein’s declaration is the NARUS Semantic Traffic Analyzer. According to the NARUS website, each NARUS device collects telecommunications data at the rate of ten gigabits per second and organizes the data into coherent streams based on the protocol associated with a specific type of collected data. A protocol is an agreed-upon way for data to be broken down into packets for transmission over the Internet, for the packets to be routed over the Internet to a designated destination and for the packets to be re-assembled at its destination. Protocols exist at each layer of the OSI (Open Systems Interconnection) 7-layer telecommunications model and are used for a wide variety of data, not just electronic communications. That means that NARUS can reconstruct all information transmitted through the peering network and forward all of the electronic communications to a database for analysis. The NARUS device can also select predetermined data from that path and forward the data to organizations having interest in the data. As I indicated above, the predetermined data would involve target addresses, locations, countries, and phone numbers, as well as watch-listed names, keywords, and phrases.”
The Dutch are also using information obtained via PRISM. The British are known to do so on this front. Similar to the Echelon alliance years ago during cold war:
In Canada, there is also widespread surveillance