The G20 Meeting between the Financial Heads of the the G-20 Countries exposed the rift between the world’s 20 most important economies.The issue of fiscal deficits,exports and currencies were at the forefront of discussions .The sharpest difference was between US which wants Europe and other developed countries to increase domestic demand and the European countries […]
Eastern Europe moves to the spotlight Seems these days Friday equals to Red for the “Risky Assets”.Eastern Europe had moved to the periphery of world’s attention with the PIIGS in focus following the Greek Crisis.Greece came under huge pressure from the bond markets when news was revealed that it had apparently fudged government accounts to […]
Can IMF Bailout a Country the size of Italy The International Monetary Fund (IMF) is funded through contributions from its member nations, acts as the “lender of the last resort” for nations facing “Balance of Payments” problems.Since its conception during the Bretton Woods Conference in 1944 , it has mainly been involved in bailing out […]
The German Solar Feed in Tariff cut scheduled for July 2010 has got another twist with the Upper House of German Parliament Bundesrat not passing the Law in its current form.The one-off German Feed in Tariff cut has seen enough twists and turns to make a person go giddy . It all started with the […]
India has agreed to allow telecom equipment manufacturing equipment from ZTE and Huawei after banning them due to security concerns. Hectic lobbying efforts by Huawei/ZTE,Chinese trade bodies and the Indian telecom operators has made the Indian government change its decision.As a face saving gesture, telecom equipment will have to be screened by international security audit […]
Spanish Cajas have been in the news recently acting as the equivalent of the “subprime sector” during the US financial crisis.CajaSur was seized by the Spanish Central Bank after running into massive losses in its real estate loan portfolio.The Cajas which are socially run not for profit banks in general have incompetent management and little […]