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In this interview on Huffington Post, there seems to be real trouble ahead for the financial services sector. Wikileaks is set to release a huge amount of documents in 2011 about a large American bank. Reading between the lines, we can probably presume that he means an investment bank. Probably a global one. That narrows… » read more

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I don’t agree with the barbs being thrown – who can? – but I have one simple and rather uncomfortable question… If it weren’t for UKIP, would the Strasbourg sessions of the European Parliament ever make it into the news??? It is just such a shame that we have to see it descend to this.… » read more

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The news from Ireland is that the controversial (in other Member States at least) rate of corporation tax (12.5%) will remain. The BBC reports the full story here. It seems that chasing away the corporations that have moved to the Republic to take advantage of low tax rates isn’t an option. And that makes a… » read more

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So Ireland is taking the bailout money. It may have been inevitable, and if it was, it is better to accept the fact earlier rather than once things have become too late. But still, this is a heavy cost to all involved. As Kevin Doran writes here, this offers an excellent opportunity to other EU… » read more

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Who does this title relate to? Watch and find out!! This video is fabulous! The world of American finances, inflation, the Federal Reserve and Goldman Sachs explained. Funny and informative. [kml_flashembed movie=”http://www.youtube.com/v/PTUY16CkS-k” width=”425″ height=”350″ wmode=”transparent” /]

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We Must Strengthen The Euro

“We must strengthen the euro” were the closing words of Josef Ackermann, CEO of Deutsche Bank, yesterday in Brussels. “Our competition is the big trading blocks”, thinking of the USA, China, etc, “and to compete we need to find European answers”. Minutes later he was backed up by Dr Jorg Asmussen, State Secretary at the… » read more

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Information just published by Eurostat (discussed here) suggests what we all already know. The government finances of the EU are in a right old mess (that is a technical term used in financial circles – other such terms include ‘buggered’ and ‘up s*%t creek without a paddle’). The problem – to my mind at least… » read more

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Its all getting very serious now to my eyes. This story from CNN via the FT, suggests that debt markets are pricing in debt defaults in Greece, Italy and Portugal. The FT has been saying for weeks that Greece will default – it is a matter of when, not if – and it seems that… » read more

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A Return To A Gold Standard?

I have been wondering for MONTHS – nearly years – when someone of real influence and clout would recommend that the world needs to revert to a gold standard of some form. Finally it has happened! The question now is what will it take for the idea to be taken more seriously by politicians around… » read more

Posted by financialguy

In a number of recent posts (here, here and here), I have written about the borrowing woes of eurozone members. Happily, after some presumably hardcore politicking, Portugal has passed their austerity measures package. One can only imagine the bargaining and dealmaking that it took to get that through behind the scenes. Having threatened to quit… » read more

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