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Don’t Panic, Don’t Panic Just Yet
Channel 4 TV was not irresponsible when it set out a ‘what if’ scenario should the collapse of the euro in an EU member state trigger a chain reaction leading to the currency’s collapse. Certainly it is speculative but that is healthy. Speculation...
Euro crisis: It is time for European debt restructuring. Will Europe dare to undertake it?
Euro-zone weights a new plan to face the crisis, which will be discussed during the Brussels European Summit, and for which Europe expects to receive support from their G-20 colleagues, in the next Group meeting, which will take place on November 3 and...
The IMF Cultures – Is time ripe to abandon the IMF?
By Raul de Sagastizabal Hedging behaviour, a high degree of groupthink, intellectual capture, a general mind-set that excludes contrary views, fiefdom battles, inadequate analytical approaches, and lack of accountability should make governments...
IMFs Forecast Mistakes are not Trivial
The storm that threatens the global economy has been raging ever since the toxic assets crisis started five long years ago. That crisis has not ended, or receded, but transformed into multiple crises: from fiscal deficit and sovereign debt to poverty,...
United Kingdom Proposes an Unprecedented Banking Reform
The United Kingdom proposes to reform its internal banking system and split the retail bank from the investment bank. The Independent Commission on Banking (ICB)[i] has just presented[ii] its report concerning the banking sector’s reform. The ICB was...
Greece, the new failure of the IMF
By Raúl de Sagastizabal The new IMF failure, step by step Monday 8 March 2010. The IMF Director said that Greece does not need an IMF bailout. He believes Greece resolve its debt crisis without an IMF bailout, and today dismissed fears that other European...
Europe on the brink of collapse
By Raul de Sagastizabal Europe is on the verge of collapsing and the world is again in the quagmire, the reason being Europe, rather than just Greece, is the planet’s soft belly, and the impact of Europe’s eventual downfall would make itself felt...
Euro Stands Only 20% Chance of Survival
According to a recently released prediction by the Centre for Economics and Business Research, the Euro only stands a 20 per cent change of surviving the next decade. “If the euro doesn’t break up, this could be the year when it weakens substantially...
Putin Proposes Trade-Free Zone from Lisbon to Vladivostok
In a commentary published in Germany’s Sueddeutsche Zeitung, Russian Prime Minister Vladimir Putin proposed a stronger integration of economic ties between the European Union and Russia that would ideally lead to establishing a free-trade zone stretching...
