North and South Korea agree to hold talks over factory complex  06/06/2013

North and South Korea have agreed to hold talks on reopening their joint factory complex and possibly other issues, raising hopes of improved relations in the wake of high tensions on the peninsula...

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The Guardian


NSA collecting phone records of millions of Verizon customers daily  06/06/2013

The National Security Agency is currently collecting the telephone records of millions of US customers of Verizon, one of America's largest telecoms providers, under a top secret court order issued in April...

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The Guardian


Enseignement supérieur : le grand « mercato » des étudiants étrangers  06/06/2013

Etats-Unis, Allemagne et France en baisse ; Amérique Latine, Océanie et Asie en hausse : L’OCDE dresse le bilan des pays dont l’enseignement supérieur est le plus attractif. Infographie animée réalisée par Enjeux-Les Echos, Juin 2013...

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Les Echos


Wild Swings? Emerging Currencies Have It the Worst  06/06/2013

The recent volatility in global markets looks tame compared with the wild swings in emerging market currencies as investors brace for a possible early-end to the Federal Reserve's hefty monetary stimulus, strategists say...

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CNBC


Aussie Dollar Slide Is Turning Into a 'Massacre'  06/06/2013

The Australian dollar continued its dramatic slide on Thursday, hitting a 20-month low against the U.S. dollar below the 95 cent mark to levels unseen since October 2011...

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CNBC


U.K. will regret hiring rock star central banker  06/06/2013

When a soccer team is under-performing, the owners typically try the same solution. They look for a big-name foreign manager to turn around the results on the pitch...

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Market Watch


Pakistan: à peine désigné, Nawaz Sharif demande la fin des tirs de drones  05/06/2013

Le nouveau Premier ministre pakistanais Nawaz Sharif a réclamé mercredi la fin des tirs de drones américains lors de son premier discours devant l'Assemblée nationale qui venait de l'élire à la tête du gouvernement pour la troisième fois, un record dans l'histoire du pays...

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Yahoo/AFP


Slowing Growth Can Be Great News  05/06/2013

Easing back could be seen as an investment in a badly needed new growth model, but whether politics will allow this is an open question...

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Caixin


Japan stocks sink on Abe speech, lead Asia losses  05/06/2013

Japanese stocks swooned in volatile trading action Wednesday after Prime Minister Shinzo Abe’s blueprint to spur long-term economic growth fell short of expectations...

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Market Watch


Fed’s Fisher sharpens attack on QE  05/06/2013

Continuing the Federal Reserve’s asset purchase program risks the “debasement” of the dollar, high inflation and “the ruination of our economy and lifestyle,” a central bank official said Tuesday...

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Market Watch


String of China accidents must be explained  05/06/2013

Three serious accidents in four days in three northeastern provinces have caused a high death toll and heavy economic losses. The frequency of accidents should bring attention to work safety hazards, and begs for open, thorough and transparent investigations...

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Market Watch


Why Latvia Wants to Join the Euro Zone  05/06/2013

Latvia is due to get the green light to become the 18th member of the euro zone on Wednesday, but its admission has prompted questions over why the small Baltic nation surrounded by economically robust Scandinavia – and itself a model of economic success after a recovery from financial crisis - wants to join the troubled currency union...

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CNBC


'Summer of Volatility' Heats Up as Nikkei Sinks  05/06/2013

Emerging market currencies have plunged, safe-haven bond yields are creeping higher, high-yielding debt has shown signs of crumbling. Equities are near all-time highs and the Nikkei, which at its 2013 peak was 46 percent higher year-to-date, has now tanked 16 percent in 10 days...

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CNBC


America’s Misplaced Deficit Complacency  04/06/2013

he new complacency about future deficits makes it difficult, if not impossible, to enact the legislation needed to begin the process of trimming America’s long-term fiscal deficit...

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Le Cercle Les Echos


Out With 'Grexit,' in With 'Greecovery'  03/06/2013

Greece's economy is showing the first signs of a recovery, reducing the odds of the country exiting the euro zone, according to a new report from analysts at Berenberg Bank...

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CNBC


Europe Markets That May Be Worth Snapping Up  03/06/2013

True, the outlook for the euro zone economy is not great, but there are plenty of good reasons why the euro zone's peripheral equity markets look appealing right now, one expert tells CNBC...

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CNBC


Markets under a monetary easing ‘spell’: BIS  03/06/2013

Markets are under a “spell” of global monetary easing that leaves valuations vulnerable to changes in sentiment, the Bank for International Settlements warned Sunday...

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Market Watch


Euro Zone Factory Downturn Eases, Remains Widespread  03/06/2013

The downturn in euro zone manufacturing eased markedly last month but it remained widespread as falling prices for factories' goods failed to drum up new business, a business survey showed on Monday...

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CNBC


Warning: ‘Prepare’ for Commodity Supercycle End  03/06/2013

With multiple investment banks signposting the end of the commodity supercycle, a World Bank director has warned developing countries that have benefited from the surge to protect themselves against a price crash...

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CNBC


Head of Libya’s Cyrenaica Declares Semi-Autonomous Rule  03/06/2013

The head of the Cyrenaica National Council in the eastern region of Libya declared the area semi-autonomous, a sign of growing territorial tensions in the country more than two years after Muammar Qaddafi was killed in an uprising...

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Bloomberg


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GEAB N°76 - Contents

- Published on June 16, 2013 -

Alert for the second half of 2013 – Global systemic crisis II : second devastating explosion/social outburst on a worldwide scale
A 2008 Lehman type shock, the fire’s symbolic start and especially widespread awareness of the situation, has not yet occurred. This really isn’t good news because, over time, the situation is getting worse and it’s not a shock that one must prepare for but a devastating explosion… (page 2)
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EU 2014-2015: after the European Parliamentary elections, the stand-off between the Parliament and the European Council will encourage Euroland’s rise
The EU’s institutional architecture has always been, since the beginning of the European integration process, based on the shifting sands of political reality. If we only look at it at a given moment, one could be led to believe that the structure is sound, firmly rooted in European treaties. But the reality is quite different… (page 11)
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The world in 2030 – Diversification / infrastructures / education: anticipating an economy’s post-crisis capacity to rebound
If it’s necessary to have a view of short term events to navigate through this crisis of secular magnitude, one must never however lose sight of the big picture of the changes in the world, as we regularly remind GEAB readers. It’s the reason why it’s important not to forget the core trends which shape a society over the long term, i.e. over several decades (20 to 30 years)… (page 15)
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Global Governance - The Euro-BRICS rapprochement at the service of the system’s update or as a matrix for a new model?
Are the institutions of global governance, theoretically in charge of managing the crisis affecting the world for the last five years, structurally capable of undertaking the necessary reforms to create the conditions for an improvement in their effectiveness?… (page 27)
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Strategic and operational recommendations
Cash / oil / stock exchanges / bonds… (page 30)
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The GlobalEurometre, Results and analyses
This month’s questionnaire reflects a high but constant concern about the economic signals, with the notable exception over the risk of bank failures which has become clearer once again… (page 33)
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