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Foreign AffairsAgainst Africom: Questioning The Us Agenda In Africa by AfroBlue(op): 4:08am On Dec 24, 2011
Against AFRICOM: Questioning the US Agenda in Africa

http://tv.globalresearch.ca/2011/12/against-africom-questioning-us-agenda-africa


by grtv
Established in 2007, the United States African Command (AFRICOM) has been at the heart of the US agenda to secure the continent and its resources against America's supposed enemies. Now, many are questioning AFRICOM's role on the continent at all.

Find out more about the race for Africa's riches in this week's GRTV Feature Interview with former congresswoman and 2008 presidential candidate Cynthia McKinney.
RomanceRe: Give A Christmas Shout-out To Someone Special Here by AfroBlue(m): 4:07am On Dec 23, 2011
Shout out to an special lady on this thread. She knows who she is and I don't care to put her on front street.

Baby have a blessed and safe Christmas. You already bring joy to the world and especially to me through this medium of communication.

And a shout out to all my 9ja posse, be blessed and enjoy your meat, rice, soups and pounded yam. eat, drink and be merry like the big boys in Abuja and state government. grin
PoliticsRe: Shell Oil Spill Off Nigeria Likely Worst In Decade by AfroBlue(m): 3:55am On Dec 23, 2011
Foreign AffairsRe: Kenyan Transport Strike by AfroBlue(op): 5:39pm On Dec 21, 2011
pendo89:
Africa is great. Not all things are but most.
Sorry, I haven't communicated with you in a copy of days, been real busy. I'm not Kenyan but had African Studies when I was a student. I'm Gullah, which is an amalgamation of tribes from West Africa. http://yale.edu/glc/gullah/05.htm
Foreign AffairsRe: Is Libyan Feeling The Heat ? by AfroBlue(m): 5:32pm On Dec 21, 2011
My people say, ' You don't miss the water until the well run dry'
Foreign AffairsRe: U.S Presidential Election '12: A Soap Opera by AfroBlue(m): 5:29pm On Dec 21, 2011
Marine Asks Michelle Obama to Marine Corps Ball   wink
Date: Monday, December 19, 2011, 11:32 am
By: EURweb.com


https://cdn.abclocal.go.com/images/kabc/cms_exf_2007/news/national_world/8472648_448x252.jpg

https://cache.boston.com/resize/bonzai-fba/AP_Photo/2011/12/16/1324068614_1235/539w.jpg



A United States marine wasn't shy in asking the First Lady of the United States out on a date.

During a Christmas giveaway to children in need, Marine Lance Cpl. Aaron Leeks was standing near the Matchbox cars when Michelle Obama moved right next to him.

“She said, ‘yes.’ She’d love to go with me,” said Leeks, who is now awaiting White House confirmation that the president’s wife, indeed, will be his date for the Marine Corps Ball in Nov. 2012.

“The reason she’s checking with her husband is to make sure that week is clear,” said Leeks, whose fiancée, another marine, is stationed in Okinawa, Japan.

Within the next 45 days, he heads for Afghanistan where he’ll be assigned to mortuary affairs, the unit he checked off as his first preference when he enlisted in March 2010.

“We process remains from fallen soldiers,” Leeks said. “We’re the last line from the fallen soldier to their family. Our job is to bring them back. Not too many people can do this.”

Asking the first lady to the ball–she had stopped in to spotlight the Marines 65-year-old “Toys for Tots” project–was its own kind of daring. Afterward, “a few people asked me, ‘Did you just ask your boss’s boss’s boss’s wife out?’”

Leeks said his request is a “thank you” for Michelle Obama’s personal outreach to military families.

“I knew how supportive the first lady is of the family structure, in general, and especially military families,” Leek told ABCNews.com by phone, from his parents’ home in Frederick, Md.

For his first Marines ball, he was date-less. The two women he asked declined.

“I think one of them said she thought she’d have to work. The next young lady I asked just told me, ‘no’ without further explanation,” he said.

When he extended the same invitation to the president’s wife, she looked kind of shocked at first.

“Like, was I really asking her? She said, ‘Really?’ And I said, ‘Yes, ma’am’, I’m greatly honored.’”

Earlier this year, other marines also invited celebrities to a Marine Corps Ball, including Mila Kunis and Justin Timberlake who both attended events in November.
Foreign AffairsRe: U.S Presidential Election '12: A Soap Opera by AfroBlue(m): 5:20pm On Dec 21, 2011
the latest juicy rumor


http://www.globemagazine.com/story/761

https://www.globemagazine.com/media/originals/g51michelleobama.jpg


Michelle Obama Secret Affair Allegations Surface

The Globe magazine just released a bombshell and is reporting that Michelle Obama is having a "steamy secret affair" with a Secret Service Agent. According to The Globe, rumors started to circulate that Obama may be having an affair after her recent admission to NBC's Al Roker that she frequently "sneaks out" of the White House; and the ever increasing time she is spending away from the White House may be a cover to hide "a sizzling affair she's carrying on with a Secret Service agent."

According to The Globe's anonymous source: "The rumors are that she's getting it on with a Secret Service agent who is not part of her detail. ,  Her frequent outings away from the White House give her and him an opportunity to get together." The source adds: "Something has been going on for a couple of months and there's no question Barack is embarrassed about her increasingly frequent excursions away from him at the White House."

The allegations are, of course, unsubstantiated and only time will tell if the allegations will fizzle or blow up into a major issue in the upcoming presidential campaign. Typically, the media will not report unsubstantiated claims from anonymous sources, but the recent media feeding frenzy over unsubstantiated allegation against businessman Herman Cain, which literally sank his candidacy, leave the question open: will the media pursue, or even bother to investigate this story?

When it comes to the Mainstream Media, anything goes. That much is clear. But will the media apply the same standard to Obama as to Cain? Only time will tell.

The Globe adds: "Insiders say that after author Larry Sinclair shockingly claimed he had gay romps with [Barack] Obama in a limo and hotel, it wouldn't surprise some people if Michelle would look for comfort elsewhere."

Developing,
RomanceRe: My Nigerian Women! by AfroBlue(m): 6:23pm On Dec 19, 2011
@MsDarkSkin

I'd like a invite when you and Chairman 190 set the date.  wink


https://www.wedding-shows.net/wp-content/uploads/2010/06/cheap-african-wedding-invitations-1.jpg
RomanceRe: My Nigerian Women! by AfroBlue(m): 6:12pm On Dec 19, 2011
Same subject and issues from the states, circa 2009.
I checked the NL archives and couldn't these posted.



[flash=300,300]
https://www.youtube.com/watch?v=-AugKnRQx48?version=3&feature=player_detailpage[/flash]



[flash=300,300]
https://www.youtube.com/watch?v=Q8GiO5Yd93k?version=3&feature=player_detailpage[/flash]


[flash=300,300]
https://www.youtube.com/watch?v=XtzzzItw9QM?version=3&feature=player_detailpage[/flash]
PhonesRe: Blackberries To Get Android Phones? by AfroBlue(m): 5:45pm On Dec 19, 2011
The op is right, androids are now the lions of the industry



Android's Facebook app overtakes iPhone's for first time

Android app now has 58.8 million daily active users, while the iPhone version has 57.6 million
http://www.guardian.co.uk/technology/2011/dec/19/android-facebook-app-iphone?newsfeed=true



Could RIM's survival mean ditching the BlackBerry?

http://www.reuters.com/article/2011/12/19/uk-rim-blackberry-idUSLNE7BI01W20111219
PoliticsRe: Boko Haram - 14 Arrested, 7 Dead In Raid Aided By The Public In Kano by AfroBlue(m): 5:34pm On Dec 19, 2011
Newsflash, BH has nothing to do with true Islam. These crews are str8 up criminals organized and financed by politicians or others and have been wrecking havoc in 9ja all during an Islamic holy month. Robbing banks, killing innocents, destroying Mosques should have been a clue to rational thinkers. Instead folks are ready to have a civil war or split up the country. Colonists have all the guns and bullets you need to satisfy their war lust.



Sorry about the Wiki link but I don't like to type, especially when the idea has already been formulated in good form.



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

Muharram (Arabic: المحرّم) is the first month of the Islamic calendar. It is one of the four sacred months of the year in which fighting is prohibited.[1] Since the Islamic calendar is a lunar calendar, Muharram moves from year to year when compared with the Gregorian calendar.
Muharram is so called because it is unlawful to fight during this month, the word is derived from the word haraam, meaning "forbidden". It is held to be the most sacred of all the months, excluding Ramadan. Some Muslims fast during these days. The tenth day of Muharram is the Day of Ashura, which to Shia Muslims is part of the Mourning of Muharram.


AH First day (CE / AD) Last day (CE / AD)
1431 18 December 2009 15 January 2010
1432   7 December 2010   4 January 2011
1433 26 November 2011 25 December 2011
Foreign AffairsRe: Kenyan Transport Strike by AfroBlue(op): 5:19pm On Dec 19, 2011
@pendo89

The peoples thoughts are in the right place. It isn't easy organizing mass movements. It's difficult when one is living from paycheck to paycheck or from daily receipts of income to survive. Thus I put those words of universal wisdom about saving in my NL signature section.


Kenyans have a good track record of coming together for change. The Mau Mau Uprising and and the efforts of the Honorable Sister Wangari Maathai are important templates.

I'm working on getting on African soil and staying there. A childhood acquaintance made the move a while ago and there was no looking back.

Fields of Dreams

By Pam Lambert
Dreaming of Africa, Jackie Robinson's Son Found a Wife and Way of Life in Tanzania

http://www.people.com/people/archive/article/0,,20139974,00.html
Foreign AffairsRe: Kenyan Transport Strike by AfroBlue(op): 3:20pm On Dec 19, 2011
@pendo89

Thanks for the update

Some say school fees are coming up soon.


Matatu Operators Turn Down Call for Mass Strike

http://allafrica.com/stories/201112191782.html
CultureRe: Gift Giving In Igbo Culture by AfroBlue(m): 6:10am On Dec 19, 2011
Dump that relationship quickly, they're users!
Foreign AffairsRe: North Korean Leader Kim Jong Il, 69, Has Died + pics by AfroBlue(m): 5:56am On Dec 19, 2011
PoliticsRe: Nigeria’s Domestic Debt Too High — Obi by AfroBlue(m): 9:30pm On Dec 18, 2011
Kudos again, its rare to read about an elected official with much sense.
PoliticsRe: Have You Ever Given Or Accepted Bribe? by AfroBlue(m): 8:37pm On Dec 18, 2011
SaharaReporters travel underground in Nigeria to explore police corruption, traffic chaos and general disorder in Nigerian southern cities.



[flash=500,500]
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Foreign AffairsRe: Kenyan Transport Strike by AfroBlue(op): 7:28pm On Dec 18, 2011
pendo89:
Beautiful.

I always liked this advert, and I'm not trying to send any message.

Good luck with the jog, wish I were close enough to lend you one of my bicycles.
I ride about 10 Kilometers 5 days a week to and from work and do a 50 km endurance and fitness ride once a month.


[flash=400,400]
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RomanceRe: U Stingy Bastard: by AfroBlue(m): 6:14pm On Dec 18, 2011
pendo89:
^^ loopholes in the legal system


Yes, but most legal system only have so much resources to investigate these cases. I have no idea how much an paternity test cost in Ghana. If I found myself in this predicament I would have obeyed the court order for her term.

Another angle is that she may have once been pregnant but miscarried or aborted because of lost affection from her former benefactor . Dude was stingy in my viewpoint. She was good enough for him to implant his seed in but not good enough to take care of.
Foreign AffairsRe: Kenyan Transport Strike by AfroBlue(op): 5:50pm On Dec 18, 2011
pendo89:
You suggested to another NL member to join http://wazua.com./inner.aspx?clm=5, I took a look at that site and like what I see. I will be joining, learning, and eventually interacting.


The beginning of Wazua
[img]http://wazua.com./articles/newbeginning.jpg[/img]

The Wazua Spirit is to educate, inform, learn from others; within the limit of what we know, in any chosen area irrespective of our differences.
RomanceRe: U Stingy Bastard: by AfroBlue(m): 5:40pm On Dec 18, 2011
20 Year Girl Arrested For Faking Pregnancy


https://talkofnaija.com/NewsImageDetails/22B77940.jpeg

A 20-year-old house help, Ivy Nkrumah, has been arrested for faking pregnancy. She was said to have stuffed rags around her stomach in order to collect money from her boyfriend, Francis Osei Bonsu.

The Station Officer of the Domestic Violence and Victim Support Unit (DOVVSU), Inspector Who Knows Attipoe, told journalists in [b]Accra [/b]yesterday that somewhere in June this year the suspect reported to DOVVSU at her boyfriend, Bonsu, a businessman, had impregnated her and had failed to cater for her. He said DOVVSU referred the case to the Social Welfare where Bonsu was asked to remit an amount of GH¢50 every month and also take care of her medical expenses until she delivered.

Inspector Attipoe said Bonsu subsequently started paying the Money through the Social Welfare to Ivy.

Later, Bonsu suspected that Ivy was not pregnant and decided to stop paying the money and was later called by the officials of the Social Welfare to explain why.

Inspector Attipoe said officials of the Social Welfare, then referred the case to a Family Tribunal Court in Accra where it was decided that Bonsu pays GH¢100 every month and rent a place for her.

According to the station officer, he paid the GH¢100 once and did not pay again because he was still suspicious that Ivy was not really pregnant.
Inspector Attipoe said when he failed to pay the following month, a bench warrant was issued for his arrest on December 9.

At the court, Bonsu insisted that he suspected the pregnancy was faked.
The court therefore, conducted an examination on her and realised that Ivy had tied rags around her belly and she was subsequently arrested.
The Crime officer said she would be put before court for defrauding by false pretence and deceit of a public officer.

In an interview with the suspect, Ivy claimed she got pregnant with Bonsu, but later had a miscarriage.

She said she did that to pay the man back because Bonsu promised to cater for her but reneged.
PoliticsRe: Inside Secrets Of The White Man- How To Rule The World by AfroBlue(m): 4:36am On Dec 18, 2011
good drop H. Chief, I haven't seen this in months.




STAN MEETS PRESIDENT OBAMA- PART 1


[flash=400,400]
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STAN THE WHITE MAN-EPISODE 3- FANTASY METAPHYSICAL IDIOTS


[flash=400,400]
https://www.youtube.com/watch?v=ZQq_FUyBcZs?version=3&feature=player_detailpage[/flash]



STAN THE WHITE MAN- EPISODE 2 -BLACK HAIR


[flash=400,400]
https://www.youtube.com/watch?v=Q5Ur0BYeV2o?version=3&feature=player_detailpage[/flash]
Foreign AffairsRe: Kenyan Transport Strike by AfroBlue(op): 4:23am On Dec 18, 2011
pendo89:
I think I did but I try as much as possible to avoid replying to personal comments cz some very crazy people roam the place and are ready to pick up a well intentioned comment then proceed to rubbish it or make a mountain out of it. Its soo uncivilised and childish.

It's crazy how the gover has been blaming the weakening of the shilling for the sharp rise in fuel costs. Unfortunatley I know nothing about Gej. (not 9ija)
And even though they blame external factors, Tanzania faces the same yet their prices have remained constant at less than a dollar!
Its just policy and formulation. we have gotten used to daily adjustments messing up our budgets.
I understand, there are a ton of nut cases on the net. I wasn't trying to make you feel uncomfortable, or ask for your hand and heart in marriage, I just made an statement to address something you said that affected my consciousness very deeply. Expressing oneself without being crass or undignified is always civilized.

Global players in an far off land control most governments and fuel prices. They have been at the economic exploitation game for quite some time and these are not likely to rectify for the masses any time soon. I don't think Tanzania has as vibrant economy as Kenya.
RomanceRe: Nigerian Girls Christmas Wishlist by AfroBlue(m): 4:06am On Dec 18, 2011
STAN THE WHITE MAN- EPISODE 2 -BLACK HAIR   grin


[flash=400,400]
https://www.youtube.com/watch?v=Q5Ur0BYeV2o?version=3&feature=player_detailpage[/flash]
PoliticsRe: There Was 'never' Fuel Subsidy? by AfroBlue(m): 8:31pm On Dec 17, 2011
And people like to call one a conspiratorial kook when you tell them about how most global prices for commodities are set in the City of London, and the power brokers are working on one world government, NWO.
PoliticsRe: What Could Cause A Revolution In Nigeria? by AfroBlue(m): 7:36pm On Dec 17, 2011
The global corporations have too many deadly and sophisticated weapons for an armed revolution especially in a country as important as 9ja.

The way to go is mental revolution.

The Awakening-Final Version-Full Length Documentary


[flash=400,400]
https://www.youtube.com/watch?v=dzEeq5Adi0c?version=3&feature=player_detailpage[/flash]



https://www.youtube.com/watch?v=dzEeq5Adi0c
CelebritiesRe: Mike Epps Refuses To Come To Nigeria For Rhythm Unplugged 2011 by AfroBlue(m): 7:15pm On Dec 17, 2011
I think a lot of American artists want the money in the bank or an security bond for their services before they make the trek. I doubt that the BH thugs and goons even know who these people are.

I still think this BH movement is supported by global industrial military forces that want to create another Civil War in 9ja like the British instigated the first one.
Foreign AffairsRe: Kenyan Transport Strike by AfroBlue(op): 7:05pm On Dec 17, 2011
pendo89:
My man up there. cool cool Man of the people.Why cant he run for presidency??

Yes let them strike. Washezi!!  grin grin I fully fully dance support them and most citizens do,even though its gonna interfere with the usual christmas travels. But who cares,the high fuel cost has made everything go up. Everything is damn expensive!

Infact Kenya is the only country in the East with high fuel prices! and the oil going to those other countries passes through Kenya!!!
Now that is not fair.

Strike and strike good. You have my support!
The doctors did it and the goverment responded
The postal workers are having there's as well.They demand a salary increase. I am sure somebody will reward them.
Now its a people's strike! I am loving these strikes cz they are not violent and the goverment is reacting.

Lets see if its Kimutai vs Atwoli. strike strike strike. The roads will be soo clear. smiley
First of all I know you saw what I typed about you over on the Romance board but we'll leave that for another day.  wink

Now to the subject, yes it's good Kenyans are pushing back against the global oil companies that try to maximize as much profit as they can from energy resources. I've read a few articles this week about G E J wavering in his plan to remove the subside in 9ja. We'll see what happens, this should be historic. There is push back and global uprising going on all over the planet, even in China. The economic elite had better reevaluate how they manage things.
CelebritiesRe: Kobe Bryant’s Wife Files For Divorce by AfroBlue(m): 6:50pm On Dec 17, 2011
[quote author=tpia@ link=topic=827078.msg9784988#msg9784988 date=1324136493]where's the blonde? huh

and there cant be only one woman involved, if he did indeed cheat.

this is a ______ guy we're talking about here.

the comments on your link are so funny btw.


Not my work playa, courtesy of mediafakeout, they embellish a lot but sometimes get the story correct.

Some say Kobe had an child out of wedlock and got served court papers during a game this year.

Kobe Bryant Gets Served With Paternity Suit After Magic Game ,
www.vibe.com/, /wtf-kobe-bryant-gets-served-paternity-suit-after-m, Feb 15, 2011 – The word is that the mysterious package is a paternity suit from a girl Kobe knocked up ,  "Kobe paid for her to live in Italy for the last year. ,


http://www.google.com/search?rlz=1C1DVCL_enUS371&sourceid=chrome&ie=UTF-8&q=kobe+paternity+suit+in+italy
[/quote]
CelebritiesRe: Kobe Bryant’s Wife Files For Divorce by AfroBlue(m): 4:34pm On Dec 17, 2011
Foreign AffairsRe: Financial Panic Sweeps Europe by AfroBlue(op): 3:10pm On Dec 17, 2011
[b]There may be one glimmer of hope on the horizon. The Federal Reserve has been lending huge amounts of money to the European Central Bank and the European Central Bank has been lending that money out to European banks. In turn, the European banks have been using much of that money to buy up European government bonds. It is a massive Ponzi scheme, [/b]but it has stabilized bond yields in Europe for now. This scheme was described in a recent article by Simone Foxman,

That's because the European Central Bank may have already introduced roundabout measures that will solve some of Europe's big problems—it's making investing in peripheral sovereign debt a huge profit opportunity for banks.

Theoretically, financial institutions will be able coin money by borrowing ultra-cheap from the ECB and buying higher yielding sovereign debt.

Essentially, it appears the ECB might allow European banks to pledge everything but the kitchen sink in return for funds. First, the new policy allows European banks to hold far fewer assets as collateral in exchange for funding from the ECB—freeing up liquidity to the tune of €103 billion ($134 billion). More importantly, relaxing collateral restrictions could also allow European banks to use even somewhat risky sovereign assets as collateral for bond purchases.

But this Ponzi scheme cannot go on indefinitely. A lot of European banks are already starting to run out of collateral for these loans as one Australian news source recently explained,

"If anyone thinks things are getting better, they simply don't understand how severe the problems are," a London executive at a global bank said. "A major bank could fail within weeks."

Others said many continental banks, including French, Italian and Spanish lenders, were close to running out of the acceptable forms of collateral, such as US Treasury bonds, that could be used to finance short-term loans.

Some have been forced to lend out their gold reserves to maintain access to US dollar funding.

So will the European Central Bank keep lending them money once they are out of collateral?

If they do, the ECB itself could potentially be in a great deal of danger.

The truth is that the ECB is already playing with fire. So far, the European Central Bank has spent over 274 billion dollars buying up European government bonds in an attempt to keep bond yields down.

How many toxic assets can the ECB buy up before they get into real trouble?

That is a very interesting question.

Meanwhile, the rest of the world is becoming increasingly concerned about the financial panic that is sweeping Europe.

For example, Australian banks have been given one week to perform a stress test that evaluates their ability to survive in the event of a European financial collapse.

Why all the urgency?

Do they know something that we don't?

Just like back in 2008, we are seeing massive problems at some of the largest banks in the world.

On Thursday, Fitch Ratings downgraded a whole bunch of the world's most prominent banks,

The banks included Bank of America, Morgan Stanley and Goldman Sachs, as well as Europe's Barclays, Societe Generale and BNP Paribas.

Germany's Deutsche Bank and Switerzland's Credit Suisse were also downgraded.

The global banking system is a giant house of cards. There is simply way too much debt, way too much leverage and way too much risk.

On average, major banks across Europe are leveraged 26 to 1.

If the value of the assets held by those banks declines by just 4 percent, they will be wiped out.

Yes, that is how serious things are.

And already we are starting to see major banks fail in Europe.

This week it was revealed that Germany's second largest bank is going to need a bailout. The following comes from a Sky News report,

Germany's second largest bank, Commerzbank, is reportedly in discussions with the German government about a bailout after regulators said it needed to raise more money to cope with a potential default on its loans to governments.

"Intense talks" have been going on for several days, according to sources who spoke to the news agency Reuters.

So if Germany's second largest bank is failing, are any banks in Europe safe?

Just like we saw back during the 1930s, we are starting to see a run on banks all over Europe.

In fact, according to a recent Der Spiegel article, a run on Greek banks has been going on for a while now and is rapidly accelerating,

He means that the outflow of funds from Greek bank accounts has been accelerating rapidly. At the start of 2010, savings and time deposits held by private households in Greece totalled €237.7 billion -- by the end of 2011, they had fallen by €49 billion. Since then, the decline has been gaining momentum. Savings fell by a further €5.4 billion in September and by an estimated €8.5 billion in October -- the biggest monthly outflow of funds since the start of the debt crisis in late 2009.

If you can believe it, approximately 20 percent of all bank deposits in Greece have been withdrawn since the start of 2011.

Europe is in a massive amount of trouble. The euro is dropping like a rock and the European financial system is paralyzed by panic and fear.

It is going to take a miracle to prevent a massive financial collapse from happening in Europe in 2012.

Unfortunately, there do not appear to be any miracles for Europe on the horizon.
Foreign AffairsRe: Financial Panic Sweeps Europe by AfroBlue(op): 3:09pm On Dec 17, 2011
All of this has created an environment where there is not much credit flowing in Europe at all. When there is a credit crunch of this magnitude, it causes the money supply to start to shrink. This is already happening all over Europe as a recent article in the Telegraph noted,

All key measures of the money supply in the eurozone contracted in October with drastic falls across parts of southern Europe, raising the risk of severe recession over coming months.

Right now, we are seeing the money supply in each of the "PIIGS" nations fall at a staggering rate. The following comes from the same Telegraph article referenced above,

Simon Ward from Henderson Global Investors said "narrow" M1 money – which includes cash and overnight deposits, and signals short-term spending plans – shows an alarming split between North and South.

While real M1 deposits are still holding up in the German bloc, the rate of fall over the last six months (annualised) has been 20.7pc in Greece, 16.3pc in Portugal, 11.8pc in Ireland, and 8.1pc in Spain, and 6.7pc in Italy. The pace of decline in Italy has been accelerating, partly due to capital flight. "This rate of contraction is greater than in early 2008 and implies an even deeper recession, both for Italy and the whole periphery," said Mr Ward.

Those numbers scream "Recession, Recession, Recession".

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