Home
  • 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.

Currency War: EU - China summit ends in discord - Wen warns against renminbi pressure - Press Conference Cancelled

An acrimonious EU-China summit on Wednesday (6 October) ended with a cancelled press conference and a stark warning from China not to increase pressure over its currency valuation. "I say to Europe's leaders - don't join the chorus pressing [China] to revalue the yuan," Chinese Premier Wen Jiabao told a business forum taking place in the margins of the political summit in Brussels. "Many of our exporting companies would have to close down, migrant workers would have to return to their villages," Mr Wen added. "If China saw social and economic turbulence, then it would be a disaster for the world."

How gold moved from commodity to currency in 2010

 

Gold is climbing to new record highs — the yellow metal is now up 17% for the year. 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EU to publish bank Stress Test data in drive to calm markets

EU leaders have agreed to publish "stress tests" of banks next month to show investors where any potential risks lie. EU Commission President Jose Manuel Barroso said the results would be published "on a bank by bank basis - this should reassure investors". The announcement came after EU summit talks dominated by the debt burden weighing on many member states. The EU is wrestling with Europe's worst public debt for decades. Leaders are intent on preventing contagion from the Greek budget crisis. The summit came amid particular concern about public finances in Spain, the fifth biggest eurozone economy.

Eurozone finance ministers are meeting in Luxembourg today to discuss the 750 billion euro rescue package for bankrupt states

The historical political mechanism, the SPV, was thrashed out four weeks ago however, it is yet to be approved by 90 per cent of Eurozone countries. According to Luxembourg leader and eurozone chief Jean-Claude Juncker a decision will be made by the end of the month. The SPV is essentially a company that will be able to raise money on markets by issuing bonds thanks to loan guarantees provided by governments of the euro zone. Member states hope it will never be mobilized but that its existence will convince markets that default fears are unfounded.

EU Debt Office, Authority for Bank Resolution Funds & European Financial Stabilisation Mechanism

Michel Barnier, Commissioner in charge of the Internal market and Services presented last week a proposal for Bank Resolution Funds. This came two weeks after the EU Heads of State presented the 750 bn euro rescue package with that mysterious Special Purpose Vehicle (SPV), which aimed at calming down the markets. The turmoil continued and it felt kind of weird that there were no panic news this last Friday (no bad news is good news).

Last week Asymptotix pleaded for a European Debt Bank, or European Union Debt Office, which the Swedes would call it. John A Morrison said:

We are where we are, capital has transitioned to the state, we need public institutions which can properly manage us through this second phase sovereign debt crisis and develop a roadmap for free markets beyond a properly constituted European "Bretton Woods" style "Public Debt Bank" (its not for me to coin the name); philosophically in line with Keynes' thinking.

European war against the markets - 750 bn EUR

(10 May 2010) With an unprecedented rescue package of up to 750 billion euros by the EU and International Monetary Fund to stabilize the ailing single currency, the euro. The goal: tame speculators. Is it enough? Well, if something the following this happens today, then you know for sure that Europe is rushing into its worst crisis since WWII:

  • Greek bond yields sky-rocketing
  • Stock markets continue to fall
  • Private investors liquidate their SICAVs
  • Euro still dropping

Banking Systems Most Exposed to PIIGS Nations - 3,2 trillion USD

The European sovereign debt crisis continues to rattle global markets as uncertainty over austerity measures and a proposed bailout have people questioning whether the Eurozone will be able to survive more financial trauma.

PIIGS government deficits corresponds to half of the Eurozone

It is time to have a deeper look at government deficits in the European Union, following the press release of the latest Eurostat data today and specifically the area which has been known as PIGS (originally termed by a German minister who looked like Groucho Marx) or PIIGS lately. PIIGS is an acronym that refer to the economies of Portugal, Italy, Ireland, Greece, and Spain. Some of these countries have a high current account deficit relative to GDP. That is, they have seen large capital inflows in recent years, particularly from other countries such as Germany where investment opportunities are limited given the very poor performance of the German property market and the low yields available on German government bond markets.

Greece Debt Crisis: Greek tragedy or a PIGS tale?

Are we about to enter a third, and this time fatal, leg of the financial crisis? The problems of euroland which have so unsettled markets this week – and in particular those of Portugal, Ireland, Greece and Spain (the "pigs", as they have become known in financial circles) – are worrying enough in themselves

European leaders said they were ready to support heavily indebted Greece to stave off a crisis in the euro zone, but disappointed markets by failing to offer any details on how aid would work.

 

EU President Herman Van Rompuy told a news conference after a summit of the bloc's leaders in Brussels that Europe was sending Greece a "clear message of solidarity."

 

Short URL
Asymptotix on Twitter

Are the key legislative pillars such as Basel II & III, UCITS IV and Solvency II forcing you to re-examine how you identify, measure and manage risk and capital?

Asymptotix work closely with our partners to help clients develop a more proactive, systematic and integrated approach to governance and risk management to deliver proper value.

Asymptotix can offer the support you need to deliver on time. Read more...
 

Is the goal of your website to sell services or products, educate, or collect data?

A positive customer experience is vital to conversion, no matter what your conversion goals may be. Our designers and developers will create a positive experience to maximize your conversions and deliver the optimal return on your investment. We strive to find the perfect balance between the web site’s design and functionality.

Asymptotix implements interactive solutions for European companies. From corporate websites to social communities, our clients will tell you an investment in building a scalable online experience will deliver long-term tangible benefits.

Based in Luxembourg we can help you all over Europe. Our multi-lingual team can work with projects and speak your language! Read more...