The Real Cost Of The Bailout?
The BBC website has a 7 slide show relating to the costs of the bailout worldwide. If you are either: a) interested in finance b) wondering what the real cost of the bailouts are or, c) from the UK be sure to spend 30 seconds of your day taking a look. See the slides here. […]
2016: The End Of This Recession?
The more I read in the financial news, the more I find myself amazed that the press - because of politicians in the main - are talking about the first ‘green shoots of recovery’. Across most of the coroporate world, earnings are collapsing, banks still are reluctant to lend and firms are heading towards bankruptcy. […]
This blog recently highlighted the trouble being faced by Latvia in this economic crisis. We all knew that Latvia was not the only country suffering and not the only Baltic country suffering. But todays news suggests that Lithuania is in even deeper trouble. Poor Lithuania… This story explains that the Lithuanian economy has falled by […]
Do European Governments Care About Innovation?
Your author has just returned from a trip to Lisbon, Portugal, to attend the Eureka Innovation Days event. I was invited as part of a media partnership with my employer. We were there to interview a range of participants which would then be used as the basis for both blog posts and more ‘traditional’ online […]
Is Latvia Heading For Shock Therapy?
Today’s European Voice (11/06/09) had a story suggesting that Latvia is in for shock therapy. This did not seem to be as seriously regarded in the paper as might be justified. In 2007, Canadian journalist Naomi Klein published “The Shock Doctrine: The Rise Of Disaster Capitalism”. In this extraordinary book, Klein argues that the influence […]
The Lisbon Interview Of Barroso Is Looking More Likely…
In a recent post I asked, with my tongue firmly in my cheek, whether Mr Barroso, President of the European Commission would get the honour of meeting me. Well here we are on a lovely Schuman day in Brussels and it seems ever more likely that he will get that honour after all. Of course, […]
“The Era Of Banking Secrecy Is Over”
The Era Of Banking Secrecy Is Over. Those words were a part of the G20 communique from London this week. Those words are actually pretty scary. While it is very reasonable to say that offshore jurisdictions have played their part in the financial crisis - by enabling traders, companies and funds to move money away […]
Gordon Brown Visits The European Parliament
Ok, so the fact that virtually every blog in the UK is now posting the following videos does not make them any less important. Without trying to get overtly political, there are obvious connections between stock markets, national economies, currency valuations and the policies of the government of the day. For years, Gordon Brown has […]
The UK Economy: An Accountant’s View
Speaking to an accountant is always interesting. Firstly, you are hoping that they can save you some tax money - any savings are more than interesting!! Secondly, they have real insight into the workings of businesses in a way that a stock market or finance column (or blog!) does not. My own accountant is owner […]
Paul Krugman Speaks About Food Security And The Depression
In yesterdays post, I wrote about Paul Krugman and his thoughts at FFA 2009 in Biblioteque Solvay, Brussels. This interview is well worth watching for his brief discussion about finance. Note that most politicians discuss the recession and how we may be out of it in 2010. Instead, Paul Krugman calls it the “Mother of […]