While the eyes of the world focus on Greece’s debt crisis, investors in Edinburgh are busy preparing for the U.K. to be next.
Archive for the ‘Root of All Evil’ Category
Greece Now, U.K. Next as Scots Ready for Pound Plunge (Update2)
Monday, March 1st, 2010Massive Bank Failures Due, Says Oversight Panel
Friday, February 26th, 2010Close to 3,000 banks are currently classified as having a risky concentration of commercial real estate loans, according to a recent report by the Congressional Oversight Panel (COP). All of them are small to mid-sized banks, already weakened by the financial crisis.
Banks at risk of going bust tops 700
Tuesday, February 23rd, 2010NEW YORK — More than 700 banks, or nearly one out of every 11, are at risk of going under, according to a government report published Tuesday.
Greece loses EU voting power in blow to sovereignty
Wednesday, February 17th, 2010The European Union has shown its righteous wrath by stripping Greece of its vote at a crucial meeting next month, the worst humiliation ever suffered by an EU member state.
Lone voice warns of debt threat to Fed
Wednesday, February 17th, 2010The US must fix its growing debt problems or risk a new financial crisis, Thomas Hoenig, president of the Federal Reserve Bank of Kansas City, warned on Tuesday, adding a mounting deficit could spur inflation.
Collapse of the euro is ‘inevitable’: Bailing out the Greek economy futile, says FRENCH banking chief
Tuesday, February 16th, 2010
The bailout of Greece will only act as a ’sticking plaster’ for the Euro crisis, the bank warned yesterday
The European single currency is facing an ‘inevitable break-up’ a leading French bank claimed yesterday.
Treasury expects to hit debt limit in February
Wednesday, February 3rd, 2010Treasury expects to reach government’s $12.4 trillion debt limit by end of February
Europe welcomes Obama bank plan, won’t imitate it
Friday, January 22nd, 2010Major European economies offered support on Friday for U.S. President Barack Obama’s plan to limit banks’ size and trading activities but indicated they had no plans to follow suit.
Dollar Crisis Looms if US Doesn’t Curb Debt: Experts
Thursday, January 14th, 2010
The United States must soon raise taxes or cut government spending to curb its debt, and failure to act will risk a crippling dollar crisis as investor confidence ebbs, a panel of experts said on Wednesday.
Is a cashless society on the cards?
Tuesday, January 12th, 2010
Is a cashless society on the cards? Steve Perry, executive vice president of Visa Europe, says cash is expensive – a cost on society – and should be replaced by a cashless society
Steve Perry, executive vice president of Visa Europe, says cash is expensive – a cost on society – and should be replaced by a cashless society.