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Friday, 27 March 2015
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Tuesday, 24 March 2015
THOMAS DIBACCO: A Fed That Won't Hike Rates
It's really amazing that the so-called stock market gurus were worried that the Federal Reserve Board would raise interest rates at its March 17-18 meeting, thus leading to a less bountiful Wall Street. The Fed passed once more on hiking rates. All the worry has resulted in enormous volatility in recent weeks, with stocks losing by…
Saturday, 21 March 2015
Friday, 20 March 2015
Thursday, 19 March 2015
Friday, 13 March 2015
Le ministre des Affaires étrangères, Gunnar Bragi Sveinsson, a indiqué dans un communiqué avoir fait part de cette décision à la Lettonie, qui préside l'UE et qui en a informé la Commission européenne.
"Les intérêts de l'Islande sont mieux servis en dehors de l'Union européenne", a écrit le ministère sur son site internet. » | Par LeFigaro.fr avec AFP | jeudi 12 mars 2015
A disorderly Greek exit from the eurozone would mark "beginning of the end" for the currency union and spark a dangerous domino effect of market contagion across the continent, according to the EU's top finance commissioner.
Seeking to soothe talk of an "accidental" Grexit, Pierre Moscovici said any move to eject Greece from the bloc "would be a catastrophe - for the Greek economy, but also for the eurozone as a whole."
"If one country leaves this (monetary) union, the markets will immediately ask which country is next, and that could be the beginning of the end," the former French finance minister told Der Spiegel magazine. » | Mehreen Khan | Friday, March 13, 2015
Wednesday, 11 March 2015
Fannie Mae Putting Taxpayers Back At Risk With Careless Behavior, Probe Warns
Nearly seven years after it was bailed out from the housing market crash, mortgage giant Fannie Mae is still engaging in behavior that could precipitate future financial crises and taxpayer losses, a government watchdog warns in a report to be released Wednesday. The Federal Housing Finance Agency inspector general said its latest concerns involve Fannie Mae's…
Greece's prime minister has demanded Germany pay back more than €160bn (£112bn) in Second World War reparations as his country is squeezed by creditors to overhaul its economy in return for vital bail-out funds.
In an emotive address to his parliament, Alexis Tsipras said his government had a "duty to history, to the people who fought and to the victims who gave their lives to defeat Nazism."
The Leftist government maintains it is owed more than €162bn - nearly half the value of its total public debt - for the destruction wrought during the Nazi occupation of Greece.
"The government will work in order to honour fully its obligations. But, at the same time, it will work so that all of the unfulfilled obligations to Greece and the Greek people are met," said Mr Tsipras on Tuesday at a parliamentary debate on the creation of a reparations committee.
Syriza's leader added the atrocities of the Nazi occupation remained "fresh in the memory" of Greek people and "must be preserved in the younger generations."
Greece's demand for reparations centres on a war loan of 476m Reichsmarks the Greek central bank was forced to make to the Nazis. Athens is also calling for wider compensation for the destruction and suffering caused by the occupation.
The country's justice minister went further, threatening the seizure of German assets in order to compensate the relatives of Nazi war crimes. » | Mehreen Khan | Wednesday, March 11, 2015
Tuesday, 10 March 2015
APRÈS LA CRISE FINANCIÈRE DE 2008: Royaume-Uni: les riches 64% plus riches, les pauvres deux fois plus pauvres
Le fossé entre riches et pauvres ne cesse de se creuser au Royaume-Uni. Non seulement la crise financière de 2008 n'a pas porté préjudice aux 20% des Britanniques les plus riches, selon une étude publiée ce mardi par la Social Market Foundation, mais elle leur a profité. Ils sont bien moins endettés qu'auparavant. Leur richesse financière s'est en moyenne accrue de 64% entre 2005 et 2012-2013, selon l'étude de ce think tank "favoralble à la libre entreprise mais soucieux de justice sociale", comme il se définit sur son site. » | Par L’Express.fr | mardi 10 mars 2015
SOCIAL MARKET FOUNDATION: Following the financial crisis, UK households experienced the longest period of falling real wages since records began » | Nida Broughton, Ricky Kanabar, Nicole Martin | Tuesday, March 10, 2015
Sunday, 8 March 2015
Ah Austria, land of schnitzel, lederhosen, Mozart, alpine meadows and beer drinking. Less widely appreciated is its special place in the history of catastrophic banking crises.
It was the failure of Creditanstalt, a Viennese bank founded in 1855 by Anselm von Rothschild, that arguably sparked the Great Depression, setting off an unstoppable chain reaction of bankruptcies throughout Europe and America.
No-one would think that what happened last week at Austria’s failed Hypo Alpe-Adria Bank International falls into quite the same category; we are meant to be in the recovery phase of the latest global banking crisis, so this is more about re-setting the system than again bringing it to its knees, right?
Well, make up your own mind. I suspect neither financial markets nor policymakers have yet caught onto the full significance of the latest turn of events.
In a nutshell, the Austrian government has had enough of funding the bank’s losses, and announced plans to “bail-in” external creditors to the tune of €7.6bn instead. » | Jeremy Warner | Saturday, March 07, 2015
Saturday, 21 February 2015
Monday, 16 February 2015
Greece is on a collision course with the eurozone’s creditor powers after emergency talks ended in acrimony on Monday night, triggering the most serious political crisis since the launch of the euro.
The Leftist Syriza government reacted with fury to eurozone demands that it must stick to the country’s discredited austerity plan, describing the draft text as “absurd and unacceptable”.
Yanis Varoufakis, the Greek finance minister, said Eurogroup finance ministers had ignored a deal already agreed with the European Commission for a four-month delay and a “new contract for growth”, returning instead to old demands. "The only way to solve Greece is to treat us like equals; not a debt colony,” he said, predicting that EU authorities would soon have to withdraw their latest “ultimatum”.
The talks were halted after four hours of stormy exchanges, risking a traumatic showdown that could precipitate the biggest default in world history and force Greece out of the euro by the end of the month. » | Ambrose Evans-Pritchard, International Business Editor | Monday, February 16, 2015
Tuesday, 10 February 2015
Den SRF Artikel Islamic Finance: Schweizer Banken drohen Anschluss zu verpassen: Das islamische Recht der Scharia verbietet Zinsen und Spekulation sowie Investitionen in Waffen, Schweinefleisch oder Alkohol. Die Nachfrage nach scharia-konformen Anlagen steigt. 1,7 Billionen Dollar werden weltweit so verwaltet. Schweizer Banken überlassen den Markt bisher grösstenteils anderen. » | Liz Horowitz | Montag, 09. Februar 2015