The main reason why the 2008 upheaval occurred was loosely monitored banking sector that showed profits and profits, nothing else, however; in reality the Enron crisis was in the making. The same happened in Europe. However, the US government and the international community for that matter needs to create units which can oversee the operation […]
Jan 3 2012 | Posted in
Business |
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More aching is the failing economy of China. During the 2008 episode, the Chinese government issue a $630 Billion easing package to the business sector, like the US, but the industry managed to get out of the crisis, unlike the US. However, the issue that remained un addressed was the encouragement of domestic consumption. The […]
Jan 3 2012 | Posted in
Business |
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The reason why the European economy ended in a free fall, yet again was the lack of any long-term financial tools. The free flow of the money from European Central Bank to the commercial and investment ones without a proper check and balance resulted in a gargantuan pile of debt that looked unacceptable in the […]
Jan 3 2012 | Posted in
Business |
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The US and the European economy stood on Achilles’ heel the whole year, meaning 2011. Although the 2008 financial crisis settled down after inflicting so much damage to the whole world, its aftermaths are still taking their toll on the employment rate and the debts and borrowing systems in both continents. The US economy is […]
Jan 3 2012 | Posted in
Business |
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Fitch has said that the euro zone deal is beyond reach It reaffirmed France’s top-notch triple-A rating but even here said the outlook was now negative, meaning it could be downgraded within two years. Underscoring the tensions within the bloc over a crisis that has spread relentlessly over the past two years, Italy’s prime minister […]
Dec 17 2011 | Posted in
Business |
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World renowned economists have crying since the rise of the US crisis in 2008 that Europe might see similar scenario in debts due to massive barrowing and unprotected lending in both short-term and long-term loans. Now that this avalanche is upon the European economy, the European Central Bank is turning every stone to find the […]
Nov 26 2011 | Posted in
Business |
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France and Germany engaged in hard talk over halting euro zone crises strategy Europe’s two main countries France and Germany have been engaged in talks to sort the role of European Central Bank (ECB) in resolving euro economic zone crises. High ranked officials from both countries have negotiating over the issues to quickly resolve the […]
Nov 17 2011 | Posted in
Europe,
World |
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Search open for Greek Prime Minister, after Gorge Papandreou failed to form coalition governance to secure euro zone funding The search for new Prime Minister for Greece is on, as current PM George Papandreou struggled to form coalition leadership to secure the 130 Billion euro bailout proposed by euro zone. Leader of conservative party, Antonis […]
Nov 10 2011 | Posted in
World |
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