John Ward – France & The IMF : Why Europe Must Face The Consequences Of Biscuits, Knots, Spaniels, And Men Of Straw – 6 August 2013

It was all going fairly well until 1589

Things are looking bad for Europe, and very bad for France. This yesterday from the IMF:

‘The IMF calls on president Francois Hollande to slow the pace of fiscal tightening next year to avoid an economic relapse’. The Daily Telegraph called this ‘pouring cold water on claims that a fresh cycle of healthy growth is now under way’. Just a little, yes. Failure to deliver more growth, the IMF told France, would put France’s neighbours in danger of contagion. Spain, Italy, Holland and Britain? Hahahahahahahahaha.

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Mariano Andrade – Daily Telegraph – Bernie Madoff’s Brother Peter Faces 10-Year Jail Term For Role In The Ponzi Scheme – 1 July 2012

PETER Madoff, brother of shamed US financier Bernard Madoff, has pleaded guilty to helping cook the books of the world’s biggest Ponzi scheme, and faces a 10-year jail term.

“I apologise to the people I hurt and to my family,” Madoff, 66, told a packed Manhattan court after confessing to tax fraud and falsifying documents on behalf of his brother, who is already in jail.

Read the whole story : http://www.dailytelegraph.com.au link to original article