Forum
Posts by "qiman"
248 Posts Total by "qiman":
20
Posts by Anonymous "qiman":
"Given the clarity on the political front, we expect the government's presentation on the budgetary economic guidelines, which were supposed to take place by June 30, to take place later this week," the UniCredit analysts said.
In the currency markets, the euro dropped 0.6% to 4.1155 Polish zloty. The dollar fell 0.4% to 3.2810 zloty.
China's new Silk Road into Europe
A bold bid for Greece's premier port of Piraeus by state-owned Cosco has given Beijing a foothold on the doorstep of the Continent.
http://www.telegraph.co.uk/news/worldnews/europe/greece/7869999/Chinas-new-Silk-Road-into-Europe.html
Goldman Sachs warns on global economic slowdown
Fresh fears over a global economic slowdown were raised on Saturday after Goldman Sachs' chief economist warned that data from China and the US revealed that any recovery was facing a "challenging period" and that evidence from America was "troubling".
http://www.telegraph.co.uk/finance/economics/7870324/Goldman-Sachs-warns-on-global-economic-slowdown.html
"The latest threat to the global recovery - state capitalism
A fascinating new book is about to hit the shelves. Called The End of the Free Market it argues that all-powerful governments from around the world will be the new driving force in the global economy, skewing the decision making process away from individuals, companies and the market towards states, political interests and authoritarianism."
http://www.telegraph.co.uk/finance/comment/kamal-ahmed/7867866/The-latest-threat-to-the-global-recovery-state-capitalism.html
"Blaming foreign speculators for the continents troubles may be a popular sport in Paris and Berlin, but most of those problems are entirely homegrown. Europes dirty secret is that its banking sector is sicker than Wall Street. European banks losses from the last financial crisis will hit $1.3 trillion by the end of this year, according to the International Monetary Funds latest forecast35 percent more than the U.S. total. And while Europes banks were just as aggressive as Americas in gambling on toxic debt, most European governments have done less than America to clean up the mess. Now, European lenders are increasingly nervous about the money theyve plowed into overindebted countries like Greece. Together, Europes banks have funneled $2.5 trillion into the five shakiest euro-zone economies: Greece, Ireland, Belgium, Portugal, and Spain."
http://www.newsweek.com/2010/07/02/worse-than-wall-street.html
http://www.reuters.com/article/idUSTRE65D3YT20100702