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Warning from Europe: you can’t always get what you want

Eleven years ago Poland threw in its lot, somewhat nervously, with the west and joined the European Union. But in the prime minister’s chancellery building in Warsaw – once home to the imperial Russian army’s cadet corps – no one now questions the wisdom of its decision. “Communism left us doubting our abilities,” admits Rafał […]

June 7th, 2015 | Posted in Finnancial,Society | Read More »

West must pay up to secure deal at Paris climate change summit, warns Fabius

Rich countries must keep their financial promises to the poor on global warming, or key international climate change negotiations this year risk falling apart, the French foreign minister will warn his counterparts in other developed nations this weekend. The G7 group of industrialised countries are meeting on Sunday and Monday in Germany, and a key […]

June 6th, 2015 | Posted in Finnancial,Society | Read More »

Greece determined to stay in eurozone, says economy minister

Greece will do everything it can to remain part of the eurozone, a government minister said on Friday, after the debt-laden country missed a €300m (£220m) debt repayment to the International Monetary Fund and raised fears about the future of Europe’s single currency. Economy minister George Stathakis gave the first official confirmation that Greece could […]

June 5th, 2015 | Posted in Finnancial,Society | Read More »

Europe cannot wait any longer: France and Germany must drive ahead

From one border of the European Union, Greece, to the other, the United Kingdom, the European ideal is being challenged. It is no surprise, since the terrible crisis of the recent years has highlighted two key weaknesses of Europe’s architecture. The first is the end of economic convergence between EU – and, in particular, eurozone […]

June 4th, 2015 | Posted in Finnancial,Society | Read More »

Alexis Tsipras to face take-it-or-leave-it ultimatum from lenders over debt offer

The Greek prime minister, Alexis Tsipras, will be presented with what is expected to be a take-it-or-leave-it plan on Wednesday after five months of drama-filled negotiations to keep his debt-stricken country afloat. The radical left leader is to be given the ultimatum after lenders at the EU, European Central Bank (ECB) and International Monetary Fund […]

June 3rd, 2015 | Posted in Finnancial,Society | Read More »

UK financial system needs urgent overhaul, says thinktank

The UK’s financial system remains at risk of upheaval despite the regulatory changes undertaken since the 2008 banking crisis, according to a thinktank. A report published by the New Economics Foundation on Tuesday places the strength of the UK’s financial system fifth out of the G7 bloc of leading industrial countries, behind Japan, Germany, France, […]

June 2nd, 2015 | Posted in Finnancial,Society | Read More »

Shell sought to influence direction of Science Museum climate programme

Shell tried to influence the presentation of a climate change programme it was sponsoring at the Science Museum in London, internal documents seen by the Guardian show. The Anglo-Dutch oil group raised concerns with the museum that one part of the project “creates an opportunity for NGOs to talk about some of the issues that […]

June 1st, 2015 | Posted in Finnancial,Society | Read More »

Financial crisis fixes leave policymakers short of ammo for next recession

  For 75 months it has been the same story. The nine members of the Bank of England’s monetary policy committee gather, consider all the latest evidence and decide that official interest rates should remain at 0.5%. Interest rates are at rock-bottom levels pretty much everywhere in the developed world and the moment for raising […]

May 31st, 2015 | Posted in Finnancial,Society | Read More »

Georgian soap magnates and Russian oligarchs – joined in grand absurdity Ian Jack Ian Jack

Highgate these days is full of Russians,” my friend Diana Athill said recently as we drove past the steep lane that leads to the cemetery and the grave of Karl Marx. Diana is rather old – she was born only a few weeks after the Bolsheviks stormed the Winter Palace – so you might say […]

May 30th, 2015 | Posted in Finnancial,Society | Read More »

Lehman Brothers’ former CEO blames bad regulations for bank’s collapse

Dick Fuld, the chief executive who led Lehman Brothers to the largest corporate collapse in modern times, has defended the failed investment bank’s culture, insisting that it was a victim of wider market excesses and regulatory failings in his first public speech since the banking crash of 2008. “It was all about team,” he told […]

May 29th, 2015 | Posted in Finnancial,Society | Read More »