The Greeks do seem to like being at the centre of attention. Just when we thought the finances were back on the straight and narrow, Greek Prime Minister George Papandreou has gone off at a tangent and announced a Referendum on the austerity measures demanded by the EU if Greece’s finances are to be rescued. Continue reading
For years now the Chinese Yuan or Renminbi (ISO code: RMB) has been pegged in value to the US Dollar. The US has consistently argued that this kept Chinese export prices artificially low, harming Western production capabilities. Even low cost producer, India, has been complaining. That’s why this weekend’s announcement from the Chinese authorities is so important: potentially, it affects all the world’s economies. Continue reading
Are you aware of the impending tax deadlines on 31st March? Have you got all of your paperwork in order for the tax man? Or, like most people, do you need an extension to the deadline?
For the last year there have been many pundits of the “glass is half-empty” type forecasting a double-dip recession. They’re talking about whether growth in GDP will go negative again just a few months after recovery began. I thought I’d have a look back at the drivers of the world economy, and some past history to give us some perspective.
There’s been a lot of talk lately about the value of the Euro. Much of it speculates that the Greek crisis will undermine the Euro, but what is the real situation?