Search Results for: Greece
Why is Cyprus Tourism Failing?
October 2nd, 2014
World tourism is the one industry that does not seem to have been affected by the financial crisis. Tourist arrivals to various global destinations have grown steadily. The numerous upbeat statements of the Cyprus Tourist Organization (CTO) give the ...
Carney Steering BOE in Scots Vote as Quebec Casts Shadow
September 15th, 2014
Mark Carney’s history is catching up with him. Having watched Quebec’s attempt to break away from his native Canada in 1995 while working at Goldman Sachs Group Inc. Scots go to the polls in three days, and with the ...
US lawmakers cautious about cash method of accounting
September 12th, 2014
Switching to accrual accounting would be severely damaging to businesses, US lawmakers have warned in a letter calling for the preservation of the cash method of accounting. The letter, signed by a bipartisan majority of the US House of ...
Zulutrade fined by CFTC
September 10th, 2014
The U.S. Commodity Futures Trading Commission (CFTC) announced the filing and simultaneous settlement of charges against Zulutrade, Inc., a CFTC-registered Introducing Broker located in Piraeus, Greece, for failure to diligently supervise activities relating to its business as a CFTC ...
The Exaggerated Death of Inflation
September 3rd, 2014
Is the era of high inflation gone forever? In a world of slow growth, high debt, and tremendous distributional pressures, whether inflation is dead or merely dormant is an important question. Yes, massive institutional improvements concerning central banks have ...
Europe Fears Banks Lack Cash Cushion to Cover Bad Loans
August 25th, 2014
As Europe slogs through its latest round of bank stress tests, a growing number of analysts have already reached their own conclusion: Eurozone banks need additional cash. The E.C.B. will publish the results of its half-year investigation into Europe’s ...
Greek Stock Recovery dims as Europe Turmoil Flattens ASE
August 19th, 2014
The curtain is coming down on Greece’s star turn with international equity investors. Among the best-performing Europe gauges in 2013 after the government carried out the world’s biggest-ever debt restructuring, Greece’s ASE Index has become one of the worst, ...
Will Europe start to lend again?
August 4th, 2014
The European Central Bank will take over supervising banks in Helsinki and Lisbon in November after finding out unprecedented scrutiny to their books. The reason for doing so is to restore confidence in the euro zone’s banks, battered by ...
Portugal will finance $6.6 billion to rescue Banco Espirito Santo
August 4th, 2014
It was a few months ago that Lisbon has exited an international bailout and now Portugal is planning to spend 4.9 billion euros in order to rescue Banco Espirito Santo its largest listed bank. The situation is definitely putting ...
EU Practiced Its Russian Sanctions in Cyprus
July 30th, 2014
Europe’s new financial sanctions against Russia will be among the first meaningful ones the West has introduced since the Ukraine crisis started. But punishing rich Russians is not exactly new territory for the EU — it has been doing ...
