Surprise, surprise..the "progressive" solution to economic malaise is war.
http://www.zerohedge.com/news/2016-03-26/japans-finance-minister-accidentally-reveals-how-it-all-ends-war
Showing posts with label Finance Minister. Show all posts
Showing posts with label Finance Minister. Show all posts
Saturday, March 26, 2016
Tuesday, May 28, 2013
Germany sees "revolution" if welfare model scrapped
This Schaeuble guy sounds like a frenetic alarmist. Only problem is he is Germany's Finance Minister.
http://www.reuters.com/article/2013/05/28/us-europe-unemployment-idUSBRE94R0D320130528
http://www.reuters.com/article/2013/05/28/us-europe-unemployment-idUSBRE94R0D320130528
Labels:
Finance Minister,
German,
Germany,
revolution,
scrapped,
welfare model,
Wolfgang Schaeuble
Monday, May 20, 2013
Monday, October 4, 2010
Ireland Finance minister ridiculed by bond investors
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/8038000/Irelands-finance-minister-Brian-Lenihan-ridiculed-by-City-investors.html
Mr Lenihan had been speaking for less than two minutes on Friday before a mistake by Citigroup meant that the bank's clients were all able to be heard on the line.
Between 200 and 500 investors are understood to have been on the call, and as they realised their lines were not muted many began to heckle Mr Lenihan.
Some traders began making what one banker on the call described as "chimp sounds", while another cried out "dive, dive". A third man said "short Ireland" before adding "why not short Citi too?"
The bungled call comes at a tense time for relations between the Irish government and investors, some of whom have been dismayed at what they see as the country's attempts to dodge its commitment to guarantee the debt of the country's banking system.
On Friday it emerged that a small group of hedge fund debt investors were threatening to take Ireland to court if it pushed ahead with moves to impose so-called "haircuts" – or writedowns – on the value of their holdings in Anglo debt.
The group, which is thought to number no more than six funds, say they could force a default of Anglo, which would have catastrophic consequences for Ireland's already hugely stretched public finances.
Labels:
bond investors,
Finance Minister,
heckle,
Ireland
Tuesday, May 11, 2010
Gordon ("Bottom") Brown resigns
Given his blunder in "Brown's Bottom" when he sold England's gold at the most inopportune times between 1999 and 2002, it's no surprise that Gordon Brown submitted his early resignation to the Queen of England today. The former Chancellor and now ex-British Prime Minister doesn't exactly have a stellar track record.
http://www.telegraph.co.uk/finance/personalfinance/investing/gold/7511589/Explain-why-you-sold-Britains-gold-Gordon-Brown-told.html
Perhaps I should give him more credit. At least he's smart enough to exit before the ship sinks.
http://www.telegraph.co.uk/finance/personalfinance/investing/gold/7511589/Explain-why-you-sold-Britains-gold-Gordon-Brown-told.html
Between 1999 and 2002, Mr Brown ordered the sale of almost 400 tons of the gold reserves when the price was at a 20-year low. Since then, the price has more than quadrupled, meaning the decision cost taxpayers an estimated £7 billion, according to Mike Warburton of the accountants Grant Thornton.
Perhaps I should give him more credit. At least he's smart enough to exit before the ship sinks.
Labels:
Brown's Bottom,
Finance Minister,
Gordon Brown,
UK
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