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Euro ‘Is A Bloody Doomsday Machine,’ Mark Blythe, Brown University, Economics Professor Says

Via: Huffington Post

The unthinkable suddenly looks possible.

Bankers, governments and investors are preparing for Greece to stop using the euro as its currency, a move that could spread turmoil throughout the global financial system.

The worst case envisions governments defaulting on their debts, a run on European banks and a worldwide credit crunch reminiscent of the financial crisis in the fall of 2008.

A Greek election on Sunday will determine whether it happens. Syriza, a party opposed to the restrictions placed on Greece in exchange for a bailout from European neighbors, could do well.

If Syriza gains power and rejects the terms of the bailout, Greece could lose its lifeline, default on its debt and decide that it must print its own currency, the drachma, to stay afloat.

No one is sure how that would work because there is no mechanism in the European Union charter for a country’s leaving the euro. In the meantime, banks and investors have sketched out the ripple effects.

They think the path of a full-blown crisis would start in Greece, quickly move to the rest of Europe and then hit the U.S. Stocks and oil would plunge, the euro would sink against the U.S. dollar, and big banks would suffer losses on complex trades.

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You can, and I suggest you do; read Act 1, 2, and 3, HERE:

http://www.huffingtonpost.com/2012/06/15/euro-bloody-doomsday-machine_n_1599931.html?utm_hp_ref=business

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personal thought:

If it turns not to be Greece; then it will be Spain, or Italy, or Portugal, or . . .

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June 16, 2012 Posted by | Uncategorized | , , , , , , , , , | Leave a comment

Eduardo Gageiro – Image Gallery

Via: tumblr/eduardo-gageiro

“The Fascination of Two Wheels”, Portugal, Undated

See more, HERE:

http://www.tumblr.com/tagged/eduardo-gageiro

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Portuguese photographer Eduardo Gageiro is widely considered the country’s foremost photojournalist.

Gageiro became interested in photography at a very early age whilst working at the Fábrica de Sacavém, the life of its workers providing the theme to the photographer’s early work.

The first photograph of his to be published appeared on the front page of the national newspaper Diário de Notícias when Gageiro was TWELVE years old.

Gageiro is very much a photographer in the style of the postwar French humanists such as Henri Cartier-Bresson, Robert Doisneau and Willy Ronis.

The vicissitudes of everyday life in all that it has of the monotonous and of the historic are the recurring theme in his wide-ranging body of work. This does not mean that Gageiro’s images are merely accurate snapshots. The decisive moment he often captures is often gently composed and finely balanced. True to this tradition, Gageiro works exclusively in black and white.

Read more, HERE:

http://en.wikipedia.org/wiki/Eduardo_Gageiro

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May 25, 2012 Posted by | Uncategorized | , , , | Leave a comment

Jean Dieuzaide

Via: First Time User

‘The little girl and rabbit’ – Portugal – 1953

http://firsttimeuser.tumblr.com/

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Via: Yellowkorner

Born in 1921, Jean Dieuzaide very quickly showed a passion for photography. He proved it ardently, everywhere, from Paris to Toulouse, passing through Arles.Launched by a photograph of General de Gaulle that would be largely distributed, Jean Dieuzaide became a photojournalist. Many of his reportages appeared in the international press, such as the one dedicated to the marriage of two tightrope walkers and published by “Life.” Jean Dieuzaide also photographed for “documentary” works: Gascogne, Portugal, Périgord, Languedoc, etc

http://en.yellowkorner.com/artistes/5/Jean-Dieuzaide.aspx

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March 2, 2012 Posted by | Uncategorized | , , , | Leave a comment