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Financialguy found himself interviewing Commissioner Janusz Lewandowski and Committee of the Regions President Mercedes Bresso this morning. I had only gone to listen rather than to ask, so I fear that the opportunity was rather wasted by my lack of preparation. Wasted opportunities aside, there were some interesting points at this CoR event. What is… » read more

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In yesterday’s post about the stability of the euro I didn’t mention anything said by Commissioner Rehn. For my money, lots of the proposals are too little too late and will have very little benefit in the coming economic climate. For example, the idea that automatic penalties may be applied to euro members that do… » read more

Posted by financialguy

In my first post about last weeks EUREKA financing innovation lunch in the European Parliament, I made the point that things seemed to be confused. But that wasn’t the whole story. On my table I was fortunate to sit next to an Israeli gentleman. Lets call him Harry, since it is his name. I made… » read more

Posted by financialguy

On Tuesday this week your author attended a lunchtime debate in the European Parliament hosted by EUREKA as a part of the Innovation Summit. For me at least, the conclusion was something of a muddle. During lunch, each table was asked to debate a part of the innovation and financing topic. Possibly interesting stuff then.… » read more

Posted by financialguy

Over the last few months, your author has made occassional musings that the regulatory stance of governments trying to deal with the aftermath of the financial crisis might be in vain. Lets be clear, it is the job of law makers to make laws. But sooner or later someone needs to enforce those rules. As… » read more

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When Is A Fine Not A Fine?

Jerome Kerviel has just been convicted and sentenced in Paris. Mr Kerviel was the trader at the centre of the Societe Generale wobble in January 2008. This was the event that provided the first hints that things going wrong in the US might hit Europe. Of course, it was completely unrelated, but we didn’t know… » read more

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From The Weak To The Strong

I have been a believer for some years that the balance of financial power in the world has been shifting from the weak to the strong. When I say weak, I mean central banks and western politicians. When I say strong, I mean private individuals that have decided that enough debt is enough, and want… » read more

Posted by financialguy