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Greece Wants To Renegotiate Bailout Terms 27 Aug 2013 | 04:01 pm
Yannis Stournaras, the Greek finance minister, told German newspaper Handelsblatt on Monday that Greece may seek to ease its debt burden by renegotiating its bailout terms. The renegotiation could in...
Banks Embroiled In Another Mis-selling Scandal 22 Aug 2013 | 02:38 pm
As loyal readers know, I have on numerous occasions noted that the financial services industry in the UK has tarnished its image because of its greed and corruption, and seems intent on bringing about...
Greece Needs Another Aid Programme 20 Aug 2013 | 03:53 pm
According to the Twitterverse, German Finance Minister Wolfgang Schaeuble has said that Greece will need another aid programme. This should come as no surprise, given that the Bundesbank said the sel...
Banks Play The Old Switcheroo 16 Aug 2013 | 04:14 pm
Banks and building societies are begrudgingly upping one very modest aspect of their customer "service"; namely that of guaranteeing to switch customers' bank accounts and direct debits (if requested)...
Eurozone Out Of Recession? 14 Aug 2013 | 03:59 pm
The media and Europhiles are hugely excited at the headlines today that proclaim that the eurozone is out of recession. As per the BBC, the eurozone has emerged from recession after a record 18 month...
Pre Election House Price Bubble On Its Way 13 Aug 2013 | 04:11 pm
According to the Office for National Statistics (ONS) House prices rose 0.4% in June compared to the previous month, the year on year rise now stands at 3.1% compared with 2.9% in May. This increase ...
Greece Imploding 12 Aug 2013 | 03:59 pm
Greece is continuing on its downward spiral to financial implosion. To add to the woes of the good people of Greece, on top of last week's truly shocking youth unemployment statistics (close to 65%),...
Greek Youth Unemployment Close to 65% 8 Aug 2013 | 02:25 pm
Youth unemployment in Greece has risen to a shocking 64.9% in May. Levels of unemployment such as this are normally associated with third world countries in the midst of a civil war, or the equivalen...
UK Economy Heads Towards Escape Velocity 5 Aug 2013 | 04:07 pm
Following last week's jump in the UK's construction PMI, there is further good economic news. The UK services sector grew at its fastest pace in more than six years in July. The Markit/CIPS services ...
UK Construction Jumps 2 Aug 2013 | 02:18 pm
UK construction activity rose in July to its highest level since June 2010. Reuters reports that the Markit/CIPS construction PMI rose to 57.0 July, up from 51.0 in June. The rise is mainly on the ba...