Category Archives: Uncategorized

James Murdoch leaves Isleworth in London for Manhattan

James’s resignation has a lot to do with the BskyB share price. Having fallen by 26% last summer, BskyB – which has nothing to do with News International (the Times, Sun etc) other than the Murdoch family presence – has … Continue reading

Posted in Uncategorized | Tagged , , , , , , | Leave a comment

Iceland supreme court ruling may accelerate repayment to UK and NL governments

My instant reaction to today’s ruling from the Icelandic Supreme court would be that this ruling now unties the hands of the Icelandic government to repay UK and NL the £2.4bn owing from the collapse of Landsbanki in 2008. After … Continue reading

Posted in Uncategorized | Tagged , , | Leave a comment

UK Govt proposes a more permanent clock change – Is Britain moving closer to Europe after all?

For those of you who read today’s press release from the Dept for Business & Innovation and assumed that Britain’s clocks are set to change permanently soon, might I ratchet your expectations downwards? There is a Private Members Bill winding … Continue reading

Posted in Uncategorized | Tagged , , , , , | Leave a comment

Double take: UK is among the fastest growing countries in the G7. Best of very weak bunch

Using Q2 GDP as the basis, then Britain is just behind the US and Italy in GDP growth figures. But if you used the first half figures, Britain would be the third weakest. It’s a measure of just how weak … Continue reading

Posted in Uncategorized | Tagged , , , | Leave a comment

Countdown on the Eurozone Crisis: the crucial next 5 weeks

Oct 3 Eurogroup in Luxembourg Oct 4 Ecofin Oct 13-16 G20 Finance Ministers in Paris Oct 14 Slovakia govt to vote on EFSF at the latest Oct 14 Date on which Greece says it will run out of cash without … Continue reading

Posted in Uncategorized | Tagged , , , , | Leave a comment

15 demands from the IMF/ECB/EU Troika which could be the Greek Default trigger

According to a letter published in a Greek newspaper VIMA, the EU and European Central bank has demanded that Greece make 100,000 employees in state controlled companies redundant, in order to get the latest €8bn tranche of its EU/IMF loan. … Continue reading

Posted in Uncategorized | 4 Comments

Why the markets – like teenagers – need a hero

Few of us who covered the financial crisis in the Autumn of 2008 will ever forget it. Banks were collapsing, trillions were lost and the deepest ever recession was initiated. It looks like we’re back there once again. A lot … Continue reading

Posted in Uncategorized | Tagged , , , , , , | Leave a comment

Interesting compromise plan doing the rounds to alleviate Greek crisis

There’s a piece in the Figaro today which outlines a suggestion which is supposedly doing the rounds at the EU Council in Brussels on Friday which is gaining a bit of traction according to French media It contains elements of … Continue reading

Posted in Uncategorized | Leave a comment

Rollover inducement for banks

The latest i’m hearing is that those banks who ‘voluntarily’ rollover debt in Greek banks, will be given priority status as creditors in return. This applies mostly to German and French banks but it acts as an incentive for them … Continue reading

Posted in Uncategorized | Leave a comment

Greek Bailout #2 set to be as large as Bailout #1

It’s now increasingly clear that the much spoken about second Greek Bailout which will be discussed today and tomorrow by finance ministers in Luxembourg will be as large if not larger than last years €110bn emergency loans. Assuming it’s that … Continue reading

Posted in Uncategorized | Tagged , , , | 2 Comments