BackstabWiki - Последни промени [bg]

Потребител беседа:87.249.116.122

2012-05-20T12:12:30Z

Jeremy

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Not bad at all fellas and gaalls. Thanks.

Потребител беседа:142.22.16.50

2012-05-20T12:09:33Z

fyklTPKQXI

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One or two to rmeemebr, that is.

Потребител беседа:GwenetteBarnett448

2012-05-20T09:49:32Z

GtoMloLiVzN

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How could any of this be better satted? It couldn't.

Потребител беседа:173.208.209.245

2012-05-20T05:09:38Z

JSctkAqztRwziMGt

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I tuhoght I'd have to read a book for a discovery like this!

Потребител:TillmanLivingston365

2012-05-16T17:24:10Z

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Потребител:ShaniePrather253

2012-05-14T13:27:59Z

Нова страница: The EU and Germany have stressed Greece must keep to the terms of the two EU/IMF bailouts, after a surge of voter support for anti-austerity parties. The two main parties...

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The EU and Germany have stressed Greece must keep to the terms of the two EU/IMF bailouts, after a surge of voter support for anti-austerity parties.

The two main parties, New Democracy and Pasok, attracted less than a third of the vote, in an election plunging Greece into political uncertainty.

Chancellor Angela Merkel said Greece's reforms were of "utmost importance".

New Democracy leader Antonis Samaras will now face a struggle finding parties prepared to join a government.

With about 99% of votes counted, centre-right New Democracy (ND) is leading with 18.9%, down from 33.5% in 2009.

New Democracy will try to form an austerity-supporting pro-European coalition government, perhaps with a third party, because it would not gain enough with Pasok to form an absolute majority.

But the anti-bailout party Syriza will also try to form an alternative coalition government. There could be a clash of the two - we could be facing fresh elections within weeks.

This country is now placed into a period of intense political instability - and by extension the eurozone as a whole.

A majority of Greeks have voted against the bailout and against the austerity, which will make it very difficult for the EU or IMF to call for yet more austerity here.

The success of the new-right Golden Dawn party indicates how comprehensive a rejection of the political mainstream, the bailout and austerity there has been.

The stability and the future of Greece are now in doubt once again. That will bring a lot of dismay to the financial markets and to the eurozone as a whole.

Euro declines on election results

A radical left coalition, Syriza, came second with 16.8% and a party of ultra-nationalists - Golden Dawn - polled almost 7%.

Speaking to reporters on Monday, German government spokesman Steffen Seibert spelt out Berlin's position that "the agreed programmes must be adhered to". He added that Germany would support Athens in returning to competitiveness and financial stability, "whatever its government is".

ShaniePrather253

2012-05-14T13:27:56Z

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Потребител:MarjorieSalvatore883

2012-05-14T13:12:20Z

Нова страница: Europe is lost in a maze, unable to find an exit. Voters have changed all calculations. The people have spoken and in increasing numbers are expressing impatience with au...

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Europe is lost in a maze, unable to find an exit.

Voters have changed all calculations. The people have spoken and in increasing numbers are expressing impatience with austerity.

Francois Hollande's victory in France has sent tremors across Europe. He has challenged the German script for managing the crisis. Austerity first, in his view, is failing.

It is likely that his campaign message contributed to the success of anti-austerity parties in Greece. If voters in France were resisting further spending cuts why should voters in Greece not do the same?

Chancellor Angela Merkel looks increasingly isolated. Even voters in North-Rhine Westphalia, the most heavily-populated German state, rejected her party in favour of the Social Democrats (SPD), who promised to go easy on cutting debt.

Here's the bind: Europe chose to tackle its debt crisis not just by cutting deficits but by adopting a pact that limits spending in the future. The Germans see it as essential discipline for the survival of the single currency; others see it as a dangerous straitjacket.

What had not been envisaged was how swiftly economies would decline. By the end of 2012 the Greek economy will have shrunk by 20% in five years. Italy is mired in recession. Spain will see its economy decline by 1.8% this year and could well remain in recession next year. Almost certainly it won't reach its target for cutting its deficit.

France will struggle too.

The renowned economist Joseph Stiglitz called Europe's debt strategy "suicidal".

If austerity is leading Europe into deep recession - some are saying it is reminiscent of the 1930s - then what is to be done?

For borrowing more to stimulate the economies would only deepen the debt crisis.

Hence the search for a growth strategy - but structural reforms take time to deliver and Europe does not have time.

Which brings us back to Greece. Anti-austerity parties believe that Greece is slowly being strangled economically. They want the terms of their bailout deal renegotiated.

MarjorieSalvatore883

2012-05-14T13:12:16Z

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Потребител:InnisBoden579

2012-05-14T06:17:50Z

Нова страница: THE man who the polls suggest will be the next French president, Fran�ois Hollande, claims that finance is his �real adversary� in the coming election. Britain has j...

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THE man who the polls suggest will be the next French president, Fran�ois Hollande, claims that finance is his �real adversary� in the coming election. Britain has just stripped the former chief executive of the Royal Bank of Scotland of his knighthood. Even Newt Gingrich is attacking the �vulture capitalists� in the private-equity industry. Perhaps the West is set for a �war on finance� along the lines of the �war on terror�, with similar uncertainty about how to define victory.

Politicians seem to have three main beefs with the financial sector. The first is that bankers earn too much. The second is that banks take reckless risks and then need rescuing by governments. And the third complaint is that investors in financial markets have undue influence over an economy through their ability to affect bond yields and equity prices.
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The first two problems are really related. People do not worry too much about footballers� high pay. The problem with bankers is the extent to which they are subsidised by explicit and implicit taxpayer support. (Of course, you might worry about income inequality in general but that is not specific to banks and can be tackled by redistributive taxation.) It is hard to disagree with Paul Tucker of the Bank of England, who has written that: �Those who most espouse the disciplines of capitalism�bankers and financiers�should live by them.�

The problem of banks being �too big to fail� is being addressed, albeit slowly, by the higher capital ratios being imposed by regulators. Higher capital ratios should mean lower returns on equity; over time, this should lead to less rapid pay growth for bankers. Andrew Haldane, a colleague of Mr Tucker�s, has found that the pay of bank bosses correlated well with returns on equity, but not with returns on assets�in other words, managers prospered by gearing up bank balance-sheets. That is now harder to pull off.

InnisBoden579

2012-05-14T06:17:45Z

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Потребител:HamiltonHance641

2012-05-14T01:43:11Z

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Потребител:BissonnetteGrimaldi763

2012-05-13T20:20:43Z

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