Tag Archives: economy
Vince Cable: Man on a Mission
Britain’s coalition business secretary, Vince Cable, has accepted a recent independent report into the banking crisis, and is eager to implement the long-discussed changes in the banking sector, one of which is separating retail banking from the investment side; the … Continue reading
The Battle of Words
The almighty credit agencies have turned their sights to the world’s largest banks, downgrading Bank of America and Goldman Sachs among others, but the appeal for calm came from the IMF’s chief, Christine Lagarde, after fellow French countrymen continued the … Continue reading
Can Common Taxes Work for the Eurozone?
Just as yet another ‘crunch summit’ got under way in Brussels, Angela Merkeland Nicolas Sarkozy have penned a letter to European Council President, Herman Van Rompuy, suggesting that the 17-member eurozone nations should share common corporation and financial taxes, the … Continue reading
Smoke and Mirrors
At the end of the recent G20conference in the oh-so-derelect area of the French Riviera (they never meet in a place like Detroit or Romania), the global political leaders with the most economic clout (one can’t use cold war terminology … Continue reading
Filed under China, Economy, Europe, Global Markets, Government
Countdown to meltdown?
The seriousness of the European debt crises is such that France’s Nicolas Sarkozyflew to Frankfurt for emergency meetings with Germany’s Angela Merkel ahead of the eurozone’s weekend deadline – and missed the birth of his child! If Obama’s administration had … Continue reading
Filed under business news, China, Economy, Europe, Finance
Geithner to resuce
Timothy Geithner, the US treasure secretary, has been haunting Europe’s corridors for the last several months making it abundantly clear that Obama’s administration is deeply concerned about the current European financial crisis. Geithner’s ‘help’ has been met with equal parts … Continue reading
Filed under Economy, Finance, Government, politics, United States
Slovakia raises a middle finger
As the grinding, round-table meetings continue to fail to provide a consensus on the bail outmeasures needed for Greece, Portugal and Ireland, it’s somewhat surprising that the latest voice of dissent is from Slovakia (not Germany). The country’s current vote … Continue reading
America is next…
An interesting interview appeared recently in The Guardian newspaper with Michael Lewis, former bond trader turned bestselling author of a new book on the recent financial crisis, entitled Boomerang: Travels in the New Third World. And as you can probably … Continue reading
Filed under Economy, Finance, United States
It Will Survive!
Just as news hits the headlines that Greece hasn’t met its terms set for the first bail out tranche, CNN Money has run an article saying that ‘Economists actually believe the euro will survive.’ Just as the protests in Greece … Continue reading
The Arab Spring Hits Wall Street
Following the comments of Warren Buffett recently that, “the rich should pay more taxes,” the most unlikely of countries to protest, America, is doing just that. This time it’s Wall Street in the firing line. For almost two weeks now, protesters have … Continue reading
Filed under Economy, Finance, Government, United States
