Saturday, May 12, 2012
Businesses will need to secure as much as £28.5 trillion to refinance old
borrowings and fund new spending, raising major questions over the ability of
the world economy to avoid a recession, according to a report from Standard
& Poor's....British companies will have to find between £220bn and £268bn of
new financing to fund their growth plans on top of refinancing hundreds of
billions of pounds more of existing debt, according to the ratings agency. The
scale of the refinancing required, as well as the amount of new debt companies
must sell, could create what S&P described as a "perfect storm for credit
markets". The report continued: "Governments and banking regulators are now not
as well placed to counter another perfect storm scenario given that they have
already expended so much of their fiscal and monetary arsenal to mitigate the
problems arising in recent years." The consequences of this are already being
felt in the rising cost of borrowing faced by everyone from the largest banks to
home buyers when taking on new debt or refinancing existing loans.....Wow!
Corporations can use more of their profits to fund growth, saving money long
term by not having to use millions to fund debt interest payments. Shareholders
need to kick their board’s arses into shape as the biggest ponzi scam needs to
regain some real credibility as global fascists treacherous governments have
been exposed for using tax payers money to prop up the ponzi stock market scam
and the people are pissed. Markets and their political class puppets need to
have their strings severed, as their manipulating “togetherness” is a massive
toxic tumor which is preventing the free market from doing what it is supposed
to do and the cancer is killing the patient. The patient is now suffering from
CDIC [chronic disposable income constipation]. I'm thinking something has got to
give. Oh yes, I know, the fascist socialist, tax raping governments, FibLabCons,
need to get their offing thieving hands out of peoples income pots. If they
don't Shareholders will be suffering from IDS [Irritable Dividend Syndrome] for
a long time to come.
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Încă de când Grecia a devenit "bolnavul Europei", statele din zona euro s-au împărţit în două tabere: cele care au susţinut păstrarea statului elen în uniunea monetară şi cele care s-au împotrivit acestei soluţii. În ultima vreme, însă, tot mai mulţi europeni se întreabă dacă salvarea Greciei chiar merită cheltuirea a miliarde de euro din banii lor. Chiar ministrul german de finanţe, Wolfgang Schäuble, spune că zona euro ar putea suporta ieşirea Greciei din uniunea monetară, deoarece sistemul este în prezent mult mai rezistent decât acum doi ani.
Din punct de vedere al amplasării pe continent, Grecia este o ţară periferică. Nici nu stă pe rezerve de petrol, iar principalele surse de venit sunt agricultura şi turismul. La producţia economică a Uniunii Europene, Grecia contribuie cu 5%. Iar cum Războiul Rece a trecut de mult, poziţia sa strategică la marginea Balcanilor nu mai prezintă aceeaşi importanţă.
În al doilea rând, criticii pun la îndoială capacitatea Greciei de a rămâne în cadrul zonei euro. În alegerile de duminica trecută, principalele partide greceşti, care au promis să "înghită medicamentul" prescris de UE şi FMI, au fost marile învinse.
Partidul socialist condus de Evangelos Venizelos este cea de-a treia formațiune politică din Grecia care nu reușește să pună la punct o coaliție viabilă pentru a forma guvernul, după alegerile de duminica trecută.
Venizelos a avut discuții cu liderul partidului de centru dreapta Noua Democrație, Antonis Samaras, care a avut cele mai multe voturi la alegerile de duminică, însă nu a reușit să alieze și cu o a treia formațiune politică, astfel încât să obțină majoritatea în Parlament.
Analiștii se așteaptă ca președintele Greciei să încerce să forțeze partidele să formeze un guvern de uniune națională, dar sunt pesimiști în privința succesului acestui demers.
Citiţi mai mult: Grecia: încă o încercare eșuată de a forma guvernul - Internaţional > EVZ.ro http://www.evz.ro/detalii/stiri/grecia-inca-o-incercare-esuata-de-a-forma-guvernul-981131.html#ixzz1uecZfcnG
EVZ.ro
The Spanish finance minister Luis de Guindos expected banks to ask for up to €15bn in extra financing from the country's restructuring fund to cover the provisions.
The €30bn is, however, below the level many analysts consider is needed by Spanish banks. Sources spoke of up to €50bn over the past few days and some Spanish economists think much more is needed.
"The figures that international analysts manage go from €50bn to €300bn," said Xavier Sala-i-Martín, a prominent Spanish economist at New York's Columbia University, in his blog before yesterday's announcement. "The policy of mergers and private recapitalisation imposed by the Bank of Spain has clearly not functioned and, by preventing banks that are bust from closing their doors, has created a series of zombie banks that neither lend nor allow others to lend and so paralyse the economy."
The measures were announced two days after the government nationalised Bankia, the country's fourth largest bank. Bankia had to be taken over after auditors had refused to sign its accounts, apparently because of discrepancies over the value of junk real estate loans and foreclosed properties.
1) Put a list together of everyone who used the FEDs bailout window in 2008.
2) Put a list together of the financial institutions that helped with the bailout in 2008.
3) Compare the length of the two lists to find out if tighter regulation is necessary.
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