Tag Archives: Eurozone
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
Black Friday Becomes Monday
Just as the annual ‘Black Friday’ shopping bonanza has been watched eagerly by the media and economists (the Thanksgiving sale traditionally sees an assessment of the stagnant economy), Obama has been meeting with European leaders about, you guessed it, the … Continue reading
Berlusconi gone, now what?
Now that Italy’s longest-serving prime minister since the second world war has finally resigned amid angry crowds, as the BBC reports, shouting “baffoon,” what happens now to the country that all of Europe is worried about? It’s been suggested that … Continue reading
The Deal Is Done
After lengthy negotiations (many would say interminable), the eurozone has been pulled from the mire – at least for a while. The global markets have responded with more than a heartbeat for once, and although no one believes this to … Continue reading
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
A close shave for Murdoch?
To turn our attention away from the eurozone crisis (actions have been delayed, yet again) and look at another interesting story that never seems to leave (like the debt deliberations). Rupert Murdoch and his News Corp team had their annual … Continue reading
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
The Credit Agencies Strike Again
News has just come through that Italy, Like America before them, has taken a hit from Moody’s – one of the big three credit agencies – and been downgraded from Aa2 to A2. What does this mean? Well, as Robert … Continue reading
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
