February 26, 2002
INVESTMENT bank Goldman Sachs has emerged top of the league for investment banking in a survey of major European companies.
Morgan Stanley topped the table for investment managers.
The annual Reuters European Equities Investment Survey, carried out by Institutional Investor, put Goldman Sachs top among companies polled with 26.21 per cent of the vote. Merrill Lynch came second with 14.29 per cent and UBS Warburg third with 13.41 per cent. Some 1504 individuals from 404 investment management firms voted in the survey.
Some 304 of Europe's largest quoted companies …
The fact of the matter is the exploitation of the European countries can be traced back to the beginning of the Bush Administration when the USA Dollar was abandoned for the Euro. The Euro rose to prominence during the Bush White House and Goldman Sachs along with the other huge investment banks as they rode the crest of the wave.
This is a market adjustment due to the loss of confidence in the Euro. Just that simple. It has to do with a consolidated Europe and its single currency and what is happening within the dynamics of that continent as it CONTINUES to recover from the collapse of 2008 AND the fact the USA is not allowing TARP to continue.
End of discussion. The investment banks have fully recovered and then some, they have harvested their glutted treasures from sovereign countries and they are moving on. Now the EURO is left in the limbo it was in BEFORE the 'false economy of Bush and his Investment Banks.'
It is called NORMALIZATION. What did everyone think was going to happen here? The USA was going to 'bailout' every monetary system on the globe forever? I don't think so.
Europe has to find its own instruments to buoy their economies from here on, we are not going to continue this economic charade.
OH, everyone forgot how the investment banks got in trouble in the first place. They forgot where all the money went from the bailout. OHHhhhhhhhhhhhhhhhhhhhhhhh.............
Well, let me remind you ! Interesting, isn't it?
The USA is currently engaged in REGULATING the banking industry. OHhhh....is that what this is about? There is still turmoil over the issue that happened in 2008 and Europe hasn't regulated the banks yet? Oh. Is that it? Yeah, that is it. The election process is on in Great Britain, when does everyone think it is going to happen?
This is a market adjustment due to the loss of confidence in the Euro. Just that simple. It has to do with a consolidated Europe and its single currency and what is happening within the dynamics of that continent as it CONTINUES to recover from the collapse of 2008 AND the fact the USA is not allowing TARP to continue.
End of discussion. The investment banks have fully recovered and then some, they have harvested their glutted treasures from sovereign countries and they are moving on. Now the EURO is left in the limbo it was in BEFORE the 'false economy of Bush and his Investment Banks.'
It is called NORMALIZATION. What did everyone think was going to happen here? The USA was going to 'bailout' every monetary system on the globe forever? I don't think so.
Europe has to find its own instruments to buoy their economies from here on, we are not going to continue this economic charade.
Greece approves sweeping austerity measures
Bitter scenes in parliament and outrage on the streets as government wins vote aimed at unlocking €120bn in aid
After a dramatic parliamentary debate, Greek politicians have approved draconian austerity measures aimed at unlocking €120bn (£102bn) of emergency loans deemed crucial for the debt-stricken country to avoid insolvency.
As thousands of outraged Greeks protested outside the 300-seat parliament, 172 MPS voted in favour of the controversial legislation, which paves the way to Athens adopting the harshest programme of fiscal and structural adjustment since the end of the second world war.
The IMF and eurozone nations had demanded tough economic reforms in return for the money ahead of a looming deadline on Greece's debt repayment.
http://www.guardian.co.uk/world/2010/may/06/greece-crisis-approves-austerity-measures
OH, everyone forgot how the investment banks got in trouble in the first place. They forgot where all the money went from the bailout. OHHhhhhhhhhhhhhhhhhhhhhhhh.............
Well, let me remind you ! Interesting, isn't it?
The USA is currently engaged in REGULATING the banking industry. OHhhh....is that what this is about? There is still turmoil over the issue that happened in 2008 and Europe hasn't regulated the banks yet? Oh. Is that it? Yeah, that is it. The election process is on in Great Britain, when does everyone think it is going to happen?
UPDATE 1-Germany's Merkel lashes out against speculators
Merkel against speculation on high deficit countries in EMU
* Says "speculators are our adversaries"
* Says resolved to win battle against markets
* Renews calls for regulation of hedge funds
By Sabine Siebold
BERLIN, May 6 (Reuters) - Financial markets are exaggerating tensions in the euro zone and need to be brought under control, German Chancellor Angela Merkel said on Thursday.
Merkel said politicians are resolved to fight speculation against euro zone members with higher budget deficits, adding that she intended to win the struggle.
"To some degree this is a battle between the politicians and the markets," she said in a speech in Berlin. "But I am firmly resolved -- and I think all of my colleagues are too -- to win this battle."
The euro tumbled to a 14-month low against the dollar on Thursday, reeling from mounting concern that Greece's debt crisis may spread to other euro zone states.
Euro zone countries and the IMF are ready to lend Greece 110 billion euros ($148 billion) over the next three years to help it finance itself while overhauling its bloated public finances.
But markets doubt Greece is determined enough to see through huge budget deficit cuts. Three people were killed in a fire in central Athens on Wednesday after protesters marching against austerity measures threw petrol bombs into a local bank branch.
http://www.reuters.com/article/idUSLDE6452IP20100506?type=marketsNews
