Over the next few years, the number of good jobs is going to continue to decrease. Things are going to be really tough. But those that have prepared and that have tried to become more independent are going to be in much better shape than those that have not.
"Belgian entrepreneurs are finding it tough and for some, the sharp focus on cuts in the euro zone have had more impact than the collapse of U.S. investment bank Lehman Brothers in 2008, which caused the world's deepest downturn since the 1930s."
Nicolas Sarkozy has told European leaders that their countries' economies are facing an "unprecedented crisis", in remarks he made after talks with Spain's prime minister, Mariano Rajoy.
Telegraph.co.ukEurope still refuses to face economic realityTelegraph.co.ukBy Telegraph View Studying the financial headlines, it is easy to get the impression that the eurozone crisis is the subject of frenetic activity.
What I'm trying to say is that as long as we all do too little, there will always be individuals who will take advantage of the system to line their own pockets. Okay, the poor will also always be with us, but can we not canvass for ethical financial policies and do a bit more to help them and ourselves at the same time?
Over the next few months, the Euro-Zone faces a number of challenges including: the implementation of the new arrangements, possible further downgrading of a number of nations, refinancing maturing debt and meeting required economic targets. There will also be complex political and social pressures.
Europe's debt crisis is back in the spotlight, with Greece and Italy the main focus but worries about the eurozone unraveling is keeping investors unhinged.
German chancellor Angela Merkel says Europe's new pact to tighten economic integration must be implemented quickly, while Europe still faces a long road ahead to restore investor confidence.
"Because, to quote Franklin Delano Roosevelt (not a Caesar, but close): "We need a New Deal. This is more than a political campaign. This is a call to arms."
Every week Max Keiser looks at all the scandal behind the financial news headlines. In this episode, Max Keiser and co-host Stacy Herbert discuss corruption ... (Max Keiser Report: Wall Street Gangsta!
A nascent British Marketing Professor Clive Boddy has been studying the effects of Corporate Psychopaths over the past five years. In November of 2011 he has publicized his findings in his book “Corporate Psychopaths: Organizational Destroyers.”
"Debt is the perversion of a promise, a promise that has been perverted through mathematics and violence. I’m not saying mathematics is bad, but the combination of mathematics and violence is extremely bad. A debt is a promise to give a certain sum of money, in a certain amount of time, under certain conditions. It is a contract that is ultimately enforceable through the threat of force. The problem is that through a genuinely perverse historical alchemy, we’ve come to see such acts of violence as the very essence of morality."
The public’s faith in the Fed’s ability to protect the economy from economic problems has been shaken by the Fed’s failures before and during the Great Recession. Can the Fed finally get it right?
In recent years, a new breed of non-bank players has emerged in the European Supply Chain Finance (SCF) marketplace, offering solutions particularly well-suited to the needs of small and medium enterprises (SMEs). Looking ahead, I believe that a November 2009 change in EU financial regulations positions yet another group of highly entrepreneurial non-bank players — Payment Service Providers — to take SCF for European SMEs to the next level.
The EU's bail-out fund, the EFSF, enjoyed strong demand today at an auction of six-month debt, Germany's central bank said, only a day after ratings agency Standard and Poor's downgraded it.
WHILE the big headlines over the weekend were about S&P's downgrades of European countries, the more worrying news came from Greece, where talks on a debt deal broke up.
The potential for losses from the banking system to wipe out all or much of the capital of central banks could see the end of independence for monetary authorities, according to UBS.
We use data on the 48 largest multinational banking groups to compare the lending of their 199 foreign subsidiaries during the Great Recession with lending by a benchmark group of 202 domestic banks. Contrary to earlier ...
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