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COMMENTARY: The British Prime Minister, David Cameron (picture) has revived debate over Turkey’s chances of entering the European Union, saying it should be “allowed to sit inside the tent”. … Read More »
“The results confirm the overall resilience of the EU banking system to negative macroeconomic and financial shocks, and are an important step forward in restoring market confidence” – the dry statement of approval (23.7.10) from European banking authorities, after running their open financial tests on 91 banks. … Read More »
COMMENTARY: “Who should pay out the deficits, following the financial crash of 2008?” is a keynote question for the G20 international economic summit this weekend, in Canada.
After billion-dollar government bail-outs of errant banks, protesting workers, right now in France and Italy, say it should not be them.
The incoming head of the international trades union movement, Australian Sharon Burrow, has added in a warning that the deficit cutting will stymie economic growth. … Read More »
COMMENTARY: European Union Finance Ministers this week came up with regulatory measures meant to damp down speculative pressure on financial markets, while stock prices and the Euro currency began to slip. … Read More »
The debt relief package designed to protect the Euro currency from speculative attacks, and ward off a new recession, was met today (Monday 10.5.10) with strengthening share prices and a recovery of the Euro on money markets. … Read More »
Protests against austerity measures ordered by the European Union and IMF have led to three people killed in a fire-bomb attack, in Athens; as share prices fall over the European debt crisis — Australian mining stocks also under pressure facing the new resources tax. … Read More »
The Greek Prime Minister, George Papandreou, has called for the activation of prepared financial aid for the country, from the European Union and the International Monetary Fund. … Read More »