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  • strict warning: Non-static method view::load() should not be called statically in /home/asymptot/public_html/modules/views/views.module on line 879.
  • strict warning: Declaration of views_handler_argument::init() should be compatible with views_handler::init(&$view, $options) in /home/asymptot/public_html/modules/views/handlers/views_handler_argument.inc on line 745.
  • strict warning: Declaration of views_handler_filter::options_validate() should be compatible with views_handler::options_validate($form, &$form_state) in /home/asymptot/public_html/modules/views/handlers/views_handler_filter.inc on line 589.
  • strict warning: Declaration of views_handler_filter::options_submit() should be compatible with views_handler::options_submit($form, &$form_state) in /home/asymptot/public_html/modules/views/handlers/views_handler_filter.inc on line 589.
  • strict warning: Declaration of views_handler_filter_node_status::operator_form() should be compatible with views_handler_filter::operator_form(&$form, &$form_state) in /home/asymptot/public_html/modules/views/modules/node/views_handler_filter_node_status.inc on line 14.
  • strict warning: Non-static method view::load() should not be called statically in /home/asymptot/public_html/modules/views/views.module on line 879.
  • strict warning: Declaration of views_plugin_style_default::options() should be compatible with views_object::options() in /home/asymptot/public_html/modules/views/plugins/views_plugin_style_default.inc on line 25.
  • strict warning: Declaration of views_plugin_row::options_validate() should be compatible with views_plugin::options_validate(&$form, &$form_state) in /home/asymptot/public_html/modules/views/plugins/views_plugin_row.inc on line 135.
  • strict warning: Declaration of views_plugin_row::options_submit() should be compatible with views_plugin::options_submit(&$form, &$form_state) in /home/asymptot/public_html/modules/views/plugins/views_plugin_row.inc on line 135.
  • strict warning: Non-static method view::load() should not be called statically in /home/asymptot/public_html/modules/views/views.module on line 879.

Who is the biggest clown of the Credit Crisis? Vote now!

Thanks to @centrifugen I came across a poll on a Swedish site: who is the biggest clown of the Credit Crisis?


Thought we should have our voice heard so please cast your vote here: http://www.asymptotix.eu/content/who-biggest-clown-credit-crisis

Gordon Brown warns of imminent euro 'high noon'

Former British Prime Minister Gordon Brown has said he fears the euro will face a "high noon" moment of reckoning early in the New Year. "I sense that in the first few months of 2011 we [will] have a major crisis in the euro area," he told BBC business editor Robert Peston. He said the euro's problems were bigger than just its governments' debts.

Europe must also solve the euro's structural rigidities and the enormous debts of its banks, he warned. Europe's banks - including the UK's - faced massive liabilities and had inadequate capital to absorb losses, he said, creating the risk of a Europe-wide banking crisis. The warning echoed complaints by Irish opposition politicians that their country had been strong-armed by Brussels into footing the bill for rescuing the Irish banks, because failing to do so could have sparked a wider European banking crisis.

'Diminishing living standards'

 

France and Britain patch up relations by giving each other posts at the new Commission

Despite Sweden having the Presidency these last 6 months, that was of no importance when the Brits promised away the Commissioner post for the Internal Market to Michel Barnier of France, while Sweden had to give up Jörgen Holmquist, the current Director General, DG Internal Market and Services to a Briton. Jörgen should have remained there for another two years!

 

Impaired Assets, the London Summit and the EU

From the the official communique issued at the close of the G20 London Summit, the only reference to "Impaired Assets", is paragraph eight;-

" 8. Our actions to restore growth cannot be effective until we restore domestic lending and international capital flows. We have provided significant and comprehensive support to our banking systems to provide liquidity, recapitalise financial institutions, and address decisively the problem of impaired assets.  We are committed to take all necessary actions to restore the normal flow of credit through the financial system and ensure the soundness of systemically important institutions, implementing our policies in line with the agreed G20 framework for restoring lending and repairing the financial sector."

 

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