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Nationalize Italian Banks; Puerto Rico at Hedge Funds' Mercy; Greek Shipping Industry Profited from Crisis

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Beppe: Nationalize Banks to Throw Off ‘Anti-Democratic Straitjacket’ of Eurozone. Grillo, who the Guardian says “transformed Italian politics when he launched his anti-establishment Five Star Movement in 2009,” called for Italy to exit the Euro in order to guard against the threat of bankruptcy and German-imposed austerity.

 

Cash-Strapped Puerto Rico at Hedge Funds’ Mercy (2/2). TRNN’s Jessica Desvarieux explores how investment funds OppenheimerFunds and Franklin Advisers are pressuring Puerto Rico to pay in full, while Congress won’t grant the island nation authority to file for bankruptcy. But is this a ploy to further privatize Puerto Rico?

 

How the Greek Shipping Industry Schemed to Win Big in the Debt Crisis (1/2). Greek shipping tycoons created a pipeline for laundering billions of taxable income out of Greece and into Swiss bank accounts.

 



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