VIDEO Boxing Day foresees chaos, luxury sales and tube strike
Posted by Iulia on Dec 24, 2011 | Leave a Comment
Selfridges on Boxing Day 2010
What was once a day of celebration and relaxation spent with family and friends, in the recent years Boxing Day has turned into the day of the most dangerous sport: shopping.
Although sales used to start in January after New Year, nowadays the shops off-load their stock beginning with December 26. Everyone wants to grab the best bargain as soon as possible, as long as their wallets allow...
Banking system in Netherlands: offshore money and how you open a bank account
Posted by vlad on Dec 17, 2011 | Leave a Comment
Arriving in a new country is exciting. There are new people to meet. New places to explore. And lots of new challenges ahead. It’s a thrilling time. But there’s often lots to organise – including your finances.
If you want to open an account, you need:
Passport / ID card and residence permit
Burgerservicenummer (a tax number)
The utillity bill or rental contract
Netherlands is one of the most developed...
Italy: Oh, my bonds! G20 summit failes, debt gamble continues…
Posted by vlad on Nov 04, 2011 | Leave a Comment
G20 Summit held in Cannes was a fiasco. The most important world leaders have not taken any serious measures to stop the financial meltdown which the European Union goes towards.
Greece has ruined summit agenda when George Papandreou said it would hold a referendum for the Greek population to express their opinions about the bailout offered by the European Union. Moreover, Italy Silvio Berlusconi refused help from the...
Widgets with most important business news from money.cnn.com, forbes.com and economist.co.uk
Posted by vlad on Nov 04, 2011 | Leave a Comment
A list of the most important widgets with the most important business news from money.cnn.com, forbes.com and economist.co.uk.
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VIDEO Euro debt deal / Nice haircut for Greece: with 50% discount!
Posted by vlad on Oct 27, 2011 | 1 Comment
The duo Merkel – Sarkozy convinced those who have debts of Greece to offer a discount of 50% for the country, to avoid going into bankruptcy and throw the euro in the air. Greece’s debt will be reduced to 120% of GDP by the end of this decade.
French President Nikolas Sarkozy said at the end of a marathon summit, which lasted 11 hours, that EU leaders agreed “voluntarily” with the banks to reduce...
LIVE Stress test in euro zone banks: which is the worst bank
Posted by vlad on Oct 26, 2011 | Leave a Comment
Reuters Breakingviews has done its own, more stringent, stress test on euro zone banks. This test uses the same data as the official one conducted by the European Banking Authority. However, this test applies a haircut debt based on market prices vor five-year bonds on Oct. 12.
You can see here the forecast!
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Brusselles summit and saving the euro-zone: a German shoulder for the Greek boulder
Posted by vlad on Oct 26, 2011 | Leave a Comment
European leaders met Wednesday in Brussels, to establish a bailout of Greece and the euro area. Angela Merkel has proposed that Greece’s debt to private investors to be diminished by 50%.According to the plan, banks will be asked to exchange existing bonds for new 30-year bonds, carrying a 6% coupon plus 15% in cash, the official said.
The problems are discussed at the summit:
1. Greece’s debt:...
European Central Bank: Two out of three on the wish-list, but Europe is still on shaky ground
Posted by vlad on Oct 06, 2011 | Leave a Comment
Jean-Claude Trichet, the European Central Bank president, anounced the economic measures to fight against the debt crisis. The financial market was expecting a cut of the interest rates, but Jean-Claude Trichet said that this could happen in December. The European Central Bank has decided Thursday to restart its buying of bank bonds and to hold two separate tenders of year-long refinancing to euro-zone banks.
The concerns...
Expat in Dubai… Why not save some money?
Posted by vlad on Oct 06, 2011 | Leave a Comment
Expats in Dubai (and I don’t mean investors or very wealthy people) tend to forget to put money aside once got there. Untaxed salary is a mirage for those who believe that, once in Dubai, have entered Paradise. It is not so. Local customs and the rules of this society is based only on excessive consumption and the expats should be aware.
“There should be more education over here about why it’s so essential...
Cameron and the British bulldog: no growth, just pep talk
Posted by vlad on Oct 05, 2011 | Leave a Comment
After a series of sombre speeches by ministers and the chancellor, George Osbourne, David Cameron invoked today the British bulldog style in front of the Conservative members, in a press conference where he wanted to bring a little optimism and leadership.
Anyway, the speech was mainly to made a corection for a pre-released section, on paying back credit card debt, that sounded like this: “that means householders...
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