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Netherlands Bank SNS Reaal Nationalized
After receiving a bailout of €750 million in 2008, SNS Reaal was thought to be profitable but its capital limits left it below legal solvency amounts, forcing the Dutch state to take a stake in the troubled financial concern. The Netherlands’ Finance Minister Jeroen Dijsselbloem said the move was to insure financial stability, especially after […]
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Germany Threatens to Cut Greece Off
- May 9, 2012
- Alexis Tsipras
- Angela Merkel
- Antonis Samaras
- Austerity
- Bailout
- Chryssi Avgi
- coalition government
- ECB
- Euro
- Euro bonds
- Europe
- European Central Bank
- European Commission
- European Debt Crisis
- Golden Dawn
- Greece
- Greek
- Greek Debt
- Greek debt crisis
- IMF
- Karolos Papoulias
- left coalition
- leftist coalition
- Martin Schulz
- New Democracy
- Pan Hellenic Socialism
- PASOK
- socialist
- Sovereign Debt
- SYRIZA
Responding to Greek leftist coalition Syriza’s leader Alexis Tsipras’ vow to abandon the debt resettlement terms, German leaders vowed today to cut Greece off from any international monetary aid if they fail to support the debt renegotiation settlement terms. Struggling to form a government in the wake of the May 6 elections, Greece’s leadership has […]
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The Return of Peronism in Argentina: Neo-Corporatism and Axel Kicillof
- May 5, 2012
- Argentina
- Axel Kicillof
- Carlos Menem
- Cristina Fernández de Kirchner
- Economics
- Ecopetrol
- ENAP
- Eskenazi Family
- European Commission
- Jose Manuel Barroso
- Julio de Vido
- La Campora
- Leftist
- Nationalization
- Natural Resources
- Oil
- PDVSA
- Pemex
- Petrobras
- Privatization
- Repsol
- Socialism
- South America
- Sovereign Debt
- State Owned Enterprises
- The Peterson Group
- Yacimientos Petroliferos Fiscales
- YPF
Limits on foreign currency exchange have led to the development of an underground market for dollars – such is the economic climate in Argentina today. Six months after tightening currency controls, it is not uncommon to find such ‘cash vendors’ in metropolitan areas like Buenos Aires, the capital, and, though illegal, it often is an […]
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Argentina’s Shift Left: How President Cristina Fernández de Kirchner’s Flirtation with Socialism Hampers Prospects for Economic Growth
- April 28, 2012
- Argentina
- Carlos Menem
- Cristina Fernández de Kirchner
- Economics
- Eskenazi Family
- European Commission
- Jose Manuel Barroso
- Leftist
- Nationalization
- Natural Resources
- Oil
- Peterson Group
- Privatization
- Repsol
- Socialism
- South America
- Sovereign Debt
- State Owned Enterprises
- Yacimientos Petroliferos Fiscales
- YPF
Argentina’s move to seize control of national oil giant YPF (Yacimientos Petroliferos Fiscales) has cheered domestic supporters of embattled Peronist President Cristina Fernández de Kirchner, but the move has angered Argentina’s trans-Atlantic friends in Spain. What began as a business issue has now become a full-blown diplomatic incident. The proposed nationalization of YPF follows Kirchner’s previous […]
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