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http://www.bbc.co.uk/news/business-31833200
TEMPLATE NEWS 2015
11 Wednesday Mar 2015
Posted in Europe 🇪🇺, Financial 💷 💲 🏦, USA 🇺🇸
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http://www.bbc.co.uk/news/business-31833200
TEMPLATE NEWS 2015
05 Thursday Jun 2014
Posted in Financial 💷 💲 🏦, International News
09 Monday Jul 2012
Fears that Spain could be joining Portugal, Greece, and Ireland in need of a major European bailout rose today.
And there were also concerns about the state of Italian finances too.
The yield on Spanish 10-year bonds, which are taken as a strong indicator of the interest rate the government would have to pay to borrow money, rose above 7%.
Italian bond yields have also risen to 6.1%.
Yields above 7% are considered to be unsustainable in the long-term.
Details of the bailout of Spain’s banks are expected from eurozone ministers.
Eurozone finance ministers are meeting today, while those from the 27-nation EU will meet on Tuesday.
Posted by The Template News, Current Affairs and Sport Website | Filed under Analysis 🙌, Breaking News 📺 🎙🗞, Comment, Financial 💷 💲 🏦
12 Tuesday Jun 2012
Spain’s benchmark 10-year bond yield is now at 6.81%, with Italy’s 10-year bond yield rising to 6.28%. The interest rates are seen as unsustainable in the long run for two countries weighed down by huge debts.
The Ratings agency Fitch has also downgraded the creditworthiness of 18 of Spain’s banks, after cutting its ratings on Spain’s two biggest banks, Santander and BBVA on Monday.
Posted by The Template News, Current Affairs and Sport Website | Filed under Financial 💷 💲 🏦, International News
21 Monday May 2012
Posted in Analysis 🙌, Comment, Europe 🇪🇺, Financial 💷 💲 🏦, International News, Politics 💼 🗳 🪖, UK
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david cameron, Distant Echoes, EU, Euro, Europe 🇪🇺, Eurozone, Gr-exit, Greece, Nayab Chohan, NayabChohanLIVE, Template News
ANALYSIS
You know that there’s a problem when reporters are asking any Greek citizen that appears on television how the next generation intends to behave, will they have learned that you can’t get something for nothing.
You know that there’s a problem when reporters point out that Greek doctors who are known to earn in excess of a million euros, file tax returns claiming that they earn just 14, 000 a year.
Here is a corrupt country blocking the arteries of Europe.
And you know that there’s a problem when another nation’s PM, namely our own David Cameron, frustrated at how Greek politicians have failed to form a government or to indicate whether they intend to implement the next round of austerity cuts to this already austerity battered country, warns Athens that there are plans for a Greek exit out of the Eurozone.
But how realistic is such a prospect, how would any one have confidence in the Euro again, especially with Italy, Spain and Portugal all suffering under the weight of debt – and lets not forget Ireland either.
To remove Greece would be a spectacular own goal, that would make the fall of Lehman Brothers look inspired.
For to remove Greece would be hari-kari – Europe may never recover its position in the world, a world where Asia is still potentially the future economic powerhouse.
If the fall of Lehman’s signalled the beginning end of New York as the economic capital of the world, then the exit of Greece will only serve to confirm the end of Europe with its capitals of Paris, Berlin and London.
No one will be able escape the consequences, no one that is who is from the West.
So what to do with Greece – it will have to remain, as a second tier Balkan state which is what was when it was admitted into the Euro on the advice of Goldman Sachs.
And what will that mean- that that nation’s sovereignty will suffer in the same way that the Ottomans had when they were declared bankrupt and were then forced to accept British and French bankers who monitored every aspect of their economy, granting loans on conditions.
In this case, of course those bankers will be German and will hopefully do a better job of curbing corruption and tax avoidance than their Anglo-Saxon cousins who were at the time meant to be helping the Sultan and his office of the Sublime Porte, but who were in reality further undermining the economic foundations of a genuinely multi-ethnic, multi-religious state.
12 Saturday May 2012
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ANALYSIS
During the Greek War of Independence, the Sultan who was blamed for many massacres was famously slow to accept defeat and thus allow the rebels their freedom.
Some seventy years later, when Greece was routed by an Ottoman army, the way was open for the reconquest of those lands.
The Sultan though showed no interest in doing so.
For by then, Greece like the other newly created Balkan states were a problem for everyone, including the very European states that had championed their cause.
Today, European Central Bankers are debating the merits of taking Greece out of the Euro, as politicians in Athens are trying to form a government.
Should they stay or should they go – there will be huge implications whatever route is taken, which is why those who make make decisions should like the Sultan also consider their long term implications.
Posted by The Template News, Current Affairs and Sport Website | Filed under Analysis 🙌, Breaking News 📺 🎙🗞, Comment, Financial 💷 💲 🏦, International News
17 Thursday Nov 2011
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China 🇨🇳, Distant Echoes, Euro, Europe and the Euro, Europe 🇪🇺, Eurozone, france, Germany 🇩🇪, Greece, Ireland, Italy, Nayab Chohan, NayabChohanLIVE, Politics 💼 🗳 🪖, Portugal, Spain, Template News
Elder statesmen in a barren landscape..
With Italy the latest nation to suffer under the burden of being linked to a single currency, very real questions are being asked about the future of the Euro.
TheEconomist says that Europe has not addressed the fundamental changes around her – namely the rise of a younger slimmer Asia at the cost of this grand once great old man.
Today’s Financial Times outlines a three-trierEurope with France-Germany as the engine, the driver of a system that relegates eastern Europe to the periphery.
Of course, Gordon Brown did warn everyone that France – like Germany – was exposed because of her banks.
So what will become a unit that once touted as a serious economic challenger to the United States of America?
And will things ever be the same again?
The international system created by Europe was never perfect, and frankly the world outside this club of nations was roped into joining it.
Some powers suffered like China, some simply vanished – like the Ottoman Empire, whose loss the Islamic World has been suffering the consequences of to this day, especially in a world order based on power.
The history of the end of the ‘Sick Man of Europe’ can be traced back to the creation of the tiny kingdom of Greece, a cause championed by Shelley and Byron.
The behaviour of the main players at that time towards this once great and now grand old man was racist.
(Ever wonder where Adolf Hitler some of his ideas from?)
Now a century or so on, with the Eurozone crisis sparked by a bankrupt Greece, how will the main players on the international scene deal with their once great and now grand friend.
With America already signalling that she will be looking East, how will China view this potentially barren economic wasteland, which still fights wars against weaker nations, whilst lecturing others about human rights?
Posted by The Template News, Current Affairs and Sport Website | Filed under Analysis 🙌, China 🇨🇳, Comment, Europe 🇪🇺, Financial 💷 💲 🏦, France, Germany 🇩🇪, International News, Politics 💼 🗳 🪖, Russia 🇷🇺, UK