financial crisis Archive

  • Graham Bishop

    Solving the financial crisis – who pays?

    Federal Union and the Wyndham Place Charlemagne Trust held a discussion on 10 November 2011 about the current financial crisis in the light of the ethics and vision of the European idea.  The speakers were: GRAHAM BISHOP, a widely respected economic and financial commentator on...

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  • A view from the other side

    A view from the other side

    By Patrick Mc Nally The mood is subdued. This is an underwhelming summit deal. The summit failed to deliver a decisive result in favour of the single currency and has made a grave problem more difficult by embarking on a new institutional debate over the...

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  • EuropeanCouncil2011landscape

    Three threats to the euro still remain

    The European Council meeting a week ago was convened with the aim of saving the euro.  Agreement was reached at the meeting about a way forward for the EU, even if the UK (and perhaps some others) will not travel with the rest.  But despite...

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  • Angela Merkel (picture European Commission)

    Is Germany doing enough to save the euro?

    Debate at King’s College London, on 12 December 2011, on the subject of “Germany has not taken enough proactive steps to solve the eurozone crisis, despite being at the top table of European politics and its economic standing.”  Richard Laming was asked to speak against...

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  • David Cameron (picture The Prime Minister's Office)

    What has David Cameron achieved at the summit?

    The fallout from last night’s European Council summit in Brussels is still falling out, but I think it is possible now to identify the main lines of what was and was not achieved.  The news reports portray the outcome as Britain versus the rest of...

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  • Eds, Miliband and Balls, Labour leader and shadow chancellor respectively

    What patterns of share ownership tell us

    An interesting statistic reported by Professor Prem Sikka in the Guardian today, regarding the ownership of British companies.  The proportion of the shares in UK-listed companies owned by foreign investors has increased from 6.6 per cent in 1969 to 41.5 per cent in 2008. The...

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  • Angela Merkel and Nicolas Sarkozy, leaders of Germany and France (picture Chancellery of the President of the Republic of Poland)

    Meltdown

    This will be the situation if the markets are disappointed by the decisions of the European Council on 9 December. If this happens the market will probably sell every euro denominated asset. We can only hope that the worst case scenario can be avoided. Just...

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  • Can Europe avoid economic decline?

    Can Europe avoid economic decline?

    The public sector strikers outside English schools, hospitals and government offices today are protesting not against government pension policies but against something much bigger.  There are profound economic problems that need to be dealt with, and would need to be dealt with even if there...

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  • Radoslaw Sikorski (picture Poland Ministry of Foreign Affairs)

    Radoslaw Sikorski: I fear Germany’s power less than her inactivity

    The break up of the eurozone would be a crisis of apocalyptic proportions, going beyond our financial system. Once the logic of “each man for himself” takes hold, can we really trust everyone to act in a communitarian way and resist the temptation to settle...

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  • Richard Laming

    No globalisation without representation

    That the protestors outside St Paul’s cathedral are critical of global capitalism should not be surprise.  Doesn’t everybody object to the way in which what was effectively gambling in unregulated markets nearly brought down the financial system and has ground economic growth to a halt?...

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