Markets are fast, but democracies slow – that’s why solving the eurozone crisis is proving so difficult

| June 19, 2012 | 0 Comments

Guillermo Ortiz – a former Mexican central banker – provided one of the better comments at this week’s G20 summit. “The European decision-making process is really slow” he said, “designed for process, not decisions.” By contrast, markets can change in a second and expect instant resolutions. This is nothing new, of course, but the mis-match […]

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What the Greek election means for the eurozone

| June 19, 2012 | 0 Comments

The Greeks have voted to make centre-right pro-austerity New Democracy the largest party instead of anti-bailout instant-default Syriza. So what happens next? – Centre-left Pasok will agree to form a coalition with New Democracy that excludes Syriza, despite what they have said about Syriza needing to be in. – The New Democracy / Pasok government will seek permission from the EU/IMF/ECB to […]

Filed Under: Latest Finance News

Market volatility ‘to remain high’ after Greek election as G20 leaders meet to discuss eurozone woes

| June 18, 2012 | 0 Comments

By Geoff Foster PUBLISHED: 16:03 EST, 17 June 2012 | UPDATED: 16:24 EST, 17 June 2012 Equity strategists were all of the same opinion before Greece’s crucial election. Whatever the result, market uncertainty and extreme volatility will remain high for some time, with no single party winning an absolute majority. The start of trading on […]

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A eurozone banking union will fundamentally change the rules of the game for Britain in Europe

| June 15, 2012 | 0 Comments

Talk of a banking union for the eurozone has become fashionable. Many, including the British government, see the idea as a way to provide some sort of backstop for the eurozone, where shaky banks remain a huge threat not only to the single currency, but also to the British economy. Banking union, as a concept, […]

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Mervyn King finds £140bn a year for banks as BoE bids to keep lenders afloat amid eurozone crisis

| June 15, 2012 | 0 Comments

By James Salmon PUBLISHED: 16:50 EST, 14 June 2012 | UPDATED: 16:50 EST, 14 June 2012 Bank of England governor Sir Mervyn King last night unveiled radical plans to pump more than £140billion a year into Britain’s ailing banking system in a bid to get rid of the ‘black cloud of uncertainty’ hanging over the […]

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The more eurozone bailouts there are, the worse it will get

| June 13, 2012 | 0 Comments

Have they still not worked it out? Can it really be so hard to grasp that the bail-outs make things worse, not better? The main reason bail-outs are bad is that they destroy the functioning of capitalism and are an immoral mechanism to keep rich folk who, by rights, ought to lose some of their […]

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Cyprus next for bailout as eurozone crisis deepens

| June 12, 2012 | 0 Comments

By Hugo Duncan PUBLISHED: 16:12 EST, 11 June 2012 | UPDATED: 16:12 EST, 11 June 2012 Italy and Cyprus were in the firing line last night as the £80billion bailout of the Spanish banking system failed to stem the crisis in the eurozone. Spain became the fourth country in the single currency bloc to request […]

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Eurozone finance ministers meet amid growing fears over Greece

| June 11, 2012 | 0 Comments

www.euronews.com Greece’s potential exit from the euro was once again top of the agenda as finance ministers gathered in Brussels for their monthly Eurogroup meeting. Last year such talk was unthinkable. But, with the on-going political deadlock in Athens and a failure there to form a coalition government, leaders were openly discussing what Greece needed […]

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Don’t blame the eurozone, George. The real cause of our problems is the UK’s toxic debt legacy

| June 11, 2012 | 0 Comments

The Chancellor blames the eurozone crisis for Britain’s poor economic performance, Ed Balls reckons it’s a recession entirely of Downing Street’s own making in that too much austerity was imposed too soon, while the Tory right think the Government has been insufficiently bold on supply side reform. However, the true reason why Britain’s economic recovery […]

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UK’s prospects improve but eurozone crisis casts shadow over long-term growth

| June 11, 2012 | 0 Comments

By Daily Mail Reporter PUBLISHED: 16:07 EST, 10 June 2012 | UPDATED: 16:25 EST, 10 June 2012 The UK’s prospects have improved, a survey shows, but the eurozone crisis has cast a shadow over longer-term growth prospects. Prospects: The UK’s long-term growth is going to be affected by the eurozone crisis BDO’s Output Index, which […]

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