Tag Archives: Crisis

Cyprus to Take Out EUR 2.5Bn Loan from Russia

19. November 2011.
The loan agreement was made so that Cyprus could service its debts, stimulate growth and return investor trust into the economy of this land - is the official position of the government of Cyprus.

The Cyprian government has approved the taking out of a loan from the Russian Federation in the amount of EUR 2.5bn, or USD 3.3bn. Continue reading →

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ЕC: SMEs – Biggest Crisis Victims

4. October 2011.
As the most important source of employment covering as much as two thirds of the employed, the recovery of small enterprises must become a priority urgently.

The economic crisis had caused dramatic changes in the operations of SMEs in Serbia and has made them the biggest victims of the economic crisis. Continue reading →

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Paul Krugman: Europe’s Situation Quite Scary

3. October 2011.
"Is it possible to be at the same time both bored and terrified? That is exactly how I am feeling about the negotiations over reactions to the European economic crisis ", writes economist Paul Krugman in his New York Times blog.

Is it possible to be at the same time both bored and terrified? That is exactly how I am feeling. Continue reading →

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Rubini: Three More Months for Rescue

30. September 2011.
If we don’t come up with a strategy to make up for and regain euro zone growth over a short period of time, then we need to come up with a quality monetary policy.

Rubini is calling for a coordinated cessation of the European debtor’s crisis. Continue reading →

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BRICK Countries Helping to Find Crisis Solution

15. September 2011.
BRICK Countries Helping to Find Crisis Solution

IMF Managing Director, Christine Lagarde says ‘interest of BRICK countries an “interesting development”’. Continue reading →

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Zoellick: US, EU and Japan Guilty of the Crisis

15. September 2011.
Zoellick: US, EU and Japan Guilty of the Crisis

The President of the World Bank criticized the 17 Euro zone members for not taking fierce measures for preventing a debt crisis in Europe. Continue reading →

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China to Save Italy (video)

14. September 2011.
China is prepared to buy out Italian bonds, but not the Greek ones, which is a clear message to Brussels and Berlin that Italy is still a part of the Euro zone while Greece’s fate is uncertain”, says stock broker Robert Halver.

The news that Italy could get financial backing from China has led to stock rising on the markets. Continue reading →

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Golden non-Standard

14. September 2011.
The Swiss government has found how to leash the Frank. After tying their exchange rate to the Euro, they managed to weaken the national currency – which to a certain degree pacified the national producers. In the meantime, the local press is transmitting that a campaign has commenced in the country for the support of the so called golden Franc.

The Swiss government has found how to leash the Frank. After tying their exchange rate to the Euro, they managed to weaken the national currency. Continue reading →

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Nenad Popovic: Economy Needs EUR 5 Bn over Next Two Years

13. September 2011.
By judicial independence we are in 128th place, while for favoring government officials we are at 124th. And because of wastefulness in government spending, we ended up 130th and by the burden of government regulations we are 134th.

The unilateral implementation of the SAA was the wrong decision of this government which caused great harm to the local economy. Continue reading →

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We ourselves are Driving Away Foreign Investors

12. September 2011.
We ourselves are Driving Away Foreign Investors

Foreign investors don’t have many reasons to come, given our economic rating. We are not attractive due to slow bureaucracy, corruption, political instability… Continue reading →

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