The banking crisis in Europe is deep-rooted and will not be solved before toxic assets are written down. In addition, austerity measures will slow down growth which is much needed to alleviate bank's problems.
Ireland, PIGS and the eurozone here we areMarkets Beyond
After Greece, Ireland; this now going beyond the means of Europe if Spain and Portugal need to be bailed out. Loans extended to these countries do not solve the root of the problems and the sooner organized negotiations are triggered with creditors rescheduled sovereign debt an,d take an haircut, the better: there is not other way out.
The European Council summit brought a "surprisng" conclusion with the agreement on mutualizing EZ banks' rescue; however the roots of the EZ problems are not addressed: economic and competitiveness imbalances.
The banking crisis in Europe is deep-rooted and will not be solved before toxic assets are written down. In addition, austerity measures will slow down growth which is much needed to alleviate bank's problems.
Ireland, PIGS and the eurozone here we areMarkets Beyond
After Greece, Ireland; this now going beyond the means of Europe if Spain and Portugal need to be bailed out. Loans extended to these countries do not solve the root of the problems and the sooner organized negotiations are triggered with creditors rescheduled sovereign debt an,d take an haircut, the better: there is not other way out.
The European Council summit brought a "surprisng" conclusion with the agreement on mutualizing EZ banks' rescue; however the roots of the EZ problems are not addressed: economic and competitiveness imbalances.
The EUR 100 billion + EUR 780 billion eurozone rescue package has just bought time but not enough to address the fundamental imbalances between euro-zone economies
Eurozone Crisis : A case study on GreeceAniket Pant
Our group was required to do a presentation for Financial Management on the Euro Zone Crisis. We took the example of Greece and did the study. Here are our slides.
A very balanced presentation covering each and every aspect of eurozone economic crisis. A thorough analysis from the start of European Union formation and the further development of the problem of crisis. Also, effect on Indian Economy is pondered upon to make it good piece of word.
I hope it will fulfil everyone's need.
The Euro Crisis & New Jersey Business (2012)Marissa Pié
-Disparate narrative and statistical data sources regarding the Euro Crisis and its implications on U.S. industry.
-Collected throughout internship experience
-Presented as a unified plan of action for the New Jersey Department of State
Greece-crisis is an article explains about the major crisis which hit the Greece during July- 2015 which is still surviving.The reasons why still Greece crisis is surviving.
The EUR 100 billion + EUR 780 billion eurozone rescue package has just bought time but not enough to address the fundamental imbalances between euro-zone economies
Eurozone Crisis : A case study on GreeceAniket Pant
Our group was required to do a presentation for Financial Management on the Euro Zone Crisis. We took the example of Greece and did the study. Here are our slides.
A very balanced presentation covering each and every aspect of eurozone economic crisis. A thorough analysis from the start of European Union formation and the further development of the problem of crisis. Also, effect on Indian Economy is pondered upon to make it good piece of word.
I hope it will fulfil everyone's need.
The Euro Crisis & New Jersey Business (2012)Marissa Pié
-Disparate narrative and statistical data sources regarding the Euro Crisis and its implications on U.S. industry.
-Collected throughout internship experience
-Presented as a unified plan of action for the New Jersey Department of State
Greece-crisis is an article explains about the major crisis which hit the Greece during July- 2015 which is still surviving.The reasons why still Greece crisis is surviving.
For decades and centuries even, European Countries has been at loggerheads with each other. It was thought that, if Europe were to leave in peace and becoming a formidable strengths the rising power of the United States and the USSR they ought to come together. Thus decades following the Second World War, the made frantic efforts to coming together through a series of agreements and harmonizing their national laws and economies .
This report takes a look at how Spain got into the sovereign debt crisis that has engulfed the nation, and the contribution of their banks to this problem.
This presentation explores the causes of the European debt crisis, timeline of the crisis, its extent, how it is being addressed, who is to blamed for the crisis and how it affects us.
It’s good to understand Europe’s debt crisis and why it’s affecting
U.S. markets. Here’s an overview of how the European Union
operates, why the euro is in danger, and what the crisis could mean
to American investors.
It’s good to understand Europe’s debt crisis and why it’s affecting
U.S. markets. Here’s an overview of how the European Union
operates, why the euro is in danger, and what the crisis could mean
to American investors.
1. Secondary Source Article Your Textbook Author, Dr. C. Brooks.docxjeremylockett77
1. Secondary Source Article: Your Textbook Author, Dr. C. Brooks on The European Union, pp 265-267
The European Union. As of this writing, Britain is poised to exit the EU in the near future.
At the start of the postwar boom, most of the nations of western Europe entered into various international groups that sought to improve economic relations and trade between the member nations. Those culminated in the creation of the European Community (EC) in 1967, essentially an economic alliance and trade zone between most of the nations of non-communist Europe. Despite various setbacks, not the least the enmity between French and British politicians that achieved almost comic levels at times, the EC steadily added new members into the 1980s. Its leadership also began to discuss the possibility of moving toward an even more
inclusive model for Europe, one in which not just trade but currency, law, and policy might be more closely aligned between countries. That vision of a united Europe was originally conceived in large part in hopes of creating a power-bloc to rival the two superpowers of the Cold War, but it also encompassed a moral vision of an advanced, rational economic and political system, in contrast to the conflicts that had so often characterized Europe in the past.
The EC officially became the European Union in 1993, and various member nations of the former EC voted (sometimes barely) to join in the following years. Over time, passport controls at borders between the member states of the EU were eliminated entirely. The member nations agreed to policies meant to ensure civil rights throughout the Union, as well as economic stipulations (e.g. limitations on national debt) meant to foster overall prosperity. Most spectacularly, at the start of 2002, the Euro became the official currency of the entire EU except for Great Britain, which clung tenaciously to the venerable British Pound.
The period between 2002 and 2008 was one of relative success for the architects of the EU. The economies of Eastern European countries in particular accelerated, along with a few unexpected western countries like Ireland (called the “Celtic Tiger” at the time for its success in bringing in outside investment by slashing corporate tax rates). Loans from wealthier members to poorer ones, the latter generally clustered along the Mediterranean, meant that none of the countries of the “Eurozone” lagged too far behind. While the end of passport controls at borders worried some, there was no general immigration crisis to speak of.
Unfortunately, especially since the financial crisis of 2008, the EU has been fraught with economic problems. The major issue is that the member nations cannot control their own economies past a certain point – they cannot devalue currency to deal with inflation, they are nominally prevented from allowing their own national debts to exceed a certain level of their Gross Domestic Product (3%, at least in theory), and ...
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
1. Europe: Rejected or Recharged?
A lot has been written about Europe and the fate of the European Union in recent times.
After the January exit of the UK from the Union there were already voices questioning the
survivability of the EU as the great unifying experiment. The advent of the coronavirus and
the enforced quarantining of entire countries (starting with the Lombardy region of Italy
which quickly escalated to the rest of the country and thence on to the rest of the EU)
meant that economic production would be affected. The strains on already struggling
member nations threatened to tear the Union apart. The principal danger seemed to fall
along the ‘two-track Europe’ narrative of old, setting the northern against the southern
states.
The European experiment came together more or less on March 25th 1957 with six
members with the signing of the Treaty of Rome. The European Economic Community had
history going beyond that but- for all intents and purposes, this signalled a commitment
towards a union. The European Union as is now known was formed in November 1993 with
the Maastricht Treaty. It was the introduction of the single currency- the Euro at the start of
1999, that, while attempting to consolidate the nations into one large free-trade zone, really
threatened the project. Bringing together countries of disparate economic growth, differing
interest rates, different ideas about social welfare and so on, was always going to be a
challenging task. It needed the backing of the German and French powerhouse economies
(and the Italian one too) to ensure the cohesion of policies required to keep it together.
High interest rate countries like Greece and Italy got the benefit of the German economy’s
access to low rates and needed the Germans to police their deficit spending.
2. This potted historical background is important because it gives us colour as to what is going
wrong (and why people think the EU experiment will fail) and also what it needs to keep it
viable. We can see the seeds of today’s strains in the history of the development of the
Union.
Arguably, the subject of the European Union is far too broad a topic to consider in this
article and also too polemical given that differing countries have differing viewpoints. Also, a
lot becomes apparent only in hindsight and easier to criticise after the fact. It is easier- and
more instructive, just to note the current strains and look at their origins dispassionately.
The common market experiment- the breaking down of trade borders within the European
member states, the ability for Europeans to live and work in each other’s countries were all
directed at minimising the limitations of the nation-state in creating prosperity through the
free exchange of goods, services and expertise. And it was successful in transforming Europe
more than just economically. Given that the two single most devastating wars that mankind
has ever waged originated because of inter-European rivalry and conflict one can even say
that the European Union has succeeded far beyond purpose.
What is of concern at the moment, is not the common market for goods and services and
people, but the financial union that came about with the introduction of the Euro and the
discarding of national currencies- Marks, Francs, Lire, Guilders, Pesos and so on. That was
effectively a one-size-fits-all lock-stepping of all the economies; a commitment to straight-
jacket all monetary and fiscal policies so that each country would not break the single
currency by its individual recklessness or short-sightedness. The advantage was to be- of
course, the elimination of all exchange risk, transparent pricing and invoicing and growth in
intra-European trade. There was also the huge benefit to the high interest countries of Italy,
Greece and Spain- for example, of suddenly getting access to the low interest borrowing
rates that Germany benefitted from. This led to some excess in borrowing (aided by creative
accountancy and classification as the world found out in the great economic crisis of 2008)
and calls for the imminent break-up and demise of the EU experiment became loud and
unceasing, gaining strength with the exit of the UK from the arrangement. The UK were
never fully committed to the EU at any rate- participating in neither the Schengen visa
scheme nor the single currency, so their withdrawal has not strained the single currency as
much as- say, an Italian exit would do.
The crux of the matter is the mistrust that lies between the ‘Frugal Four’- Austria, Denmark,
the Netherlands and Sweden versus the Mediterranean nations- perceived to be more
profligate. The battle has been over the extra resources needed to be brought to bear on
the coronavirus pandemic that has ravaged Europe- but Spain and Italy in particular. The
stricken nations asked for a concerted EU financial commitment- the raising of debt through
issuance of Coronabonds to deal with the sudden massive increase in costs to the
exchequer. This meant a mutualisation of debt obligations across the EU rather than an
individual nation shouldering the cost- which is what the Frugal Four object to.
Why is an internal debate so important? What’s riding on the outcome? A lot more than the
individual deficit numbers apparently. Given the perilous state of global alliances with the
sledgehammer policies of the Trump administration, the European alliance has not been
3. impervious to outside infiltration and turmoil. The US withdrawal from the Transatlantic
alliance compromises territorial integrity in the face of an aggressive Russian state. Both
Russia and China have been making overtures to individual European nations with offers of
help during the pandemic. The UK has withdrawn from Europe in the belief that they are
better off without the benefits of being part of the EU. The entire European borderless
experiment could unravel with all these pressures given the level of internal dissension
during a pandemic-induced economic freeze.
It has taken German leadership to rescue the EU. Germany is- surprisingly (or unsurprisingly,
if you think this was a Hitlerian goal at any rate) very strongly for a unified Europe. Their
1949 Basic Law anyway provides for the abdication of sovereign rights for the sake of a
peaceful and permanent order in Europe. Chancellor Angela Merkel is already looking to the
next stage in the European project and believes that “the nation-state on its own has no
future.” So, while Europe dallied with the idea of “Coronabonds” and George Soros
proposed “Consols” – perpetual bonds, Germany- despite internal protests and opposition
even from their own constitutional court which ruled it illegal, agreed to a 500 billion Euro
recovery fund in the form of grants with an additional 250 billion in the form of loans. The
European Central Bank has agreed to E.1.35 trillion of bond purchases- monetisation in
other words, with Germany also agreeing to a package internally of tax cuts, aid to small
businesses and direct cash transfers amounting to E.130 billion. France has also announced
a E.45 billion programme. These are necessary spends given the magnitude of the problem.
The Frugal four are only looking at the financial aspect of it- odd given that Italy is the third
largest net contributor to the EU after Germany and France. But they wanted the process to
be done through the European Stability Mechanism which would have meant the ECB, the
EU and the IMF would involve itself in the repayment plan- a fate that befell Greece after
2008; a form of ‘administrative receivership’ as the worry is in Italy. With Italian public debt
surging and the possibility of a washed-out tourist season stalling the probability of
returning to growth this summer this is a real worry. The pandemic is- however, the Italians
argue, a pan-European crisis.
Even with push-back within Germany and the hurdle of ratification by the EU Parliament
and the EU member nations, the decision has been collectively taken- led by Germany and
France, to raise funds through the issuance of long-term bonds. Germany has already
abandoned a balanced budget in March and will take on an additional E.150 billion in fresh
debt- something the Germans are averse to in general. The ECB programme announced
allows commercial banks to borrow money (the monetisation part) at -1% if they agree to
on-lend it rather than buy bonds. This is effectively paying banks to lend money.
The announcements may seem like a necessary financial compromise but in many ways
were crucial to the existence of the EU itself. Its failure would have led to the Italians
questioning the value of the EU to them and possibly an exit. The break-up of the EU is still a
back-burner topic and may never entirely disappear. But the decision to accept the need for
a united sharing of costs may have pushed it back from the brink of an existential crisis for
now. If Europe successfully negotiates this crisis then could the next step in the evolution of
Europe into one large country with multiple national languages, like India, happen? Only
time will tell, but at least they’ve got over this hurdle.