2014/09/09 LEAP/E2020 Press Review on the Global Systemic Crisis

GEAB excerpt - Big banks: "Sufficiently big to fine" (recommendation)

In light of the preceding analysis big banks are now vulnerable to a political war between large regional blocs (in particular), or a convenient way for governments to extract money without hiking tax rates. Even though a major problem with a TBTF bank would have a severe impact on the whole banking industry, small and medium -sized banks are less dependent on political power and financial markets and therefore less vulnerable. So, during the current period we recommend placing your money in those small and medium-sized banks, rather than in TBTF banks, which have, de facto, become “sufficiently big to fine”...

LEAP/E2020 - Excerpt GEAB N°86 (June 2014)

Fed's Kocherlakota: US interest rates are not low enough

U.S. interest rates, which the Federal Reserve have kept near zero since December 2008, are too high, a top Federal Reserve official said on Thursday, citing subdued inflation and "unacceptably high" unemployment as evidence...

CNBC

A warning cry from the European Central Bank

Aggressive as it was, compared with past ECB actions, Mr. Draghi’s new policy remains a far cry from the unconventional quantitative easing that the Federal Reserve and Bank of England employed to rekindle growth...

Washington Post

Central Bank Warns Government Over 'Provocations'

Russia's Central Bank warned the government Friday not to back the regulator into a corner from where it would be forced to raise rates and harm growth prospects in an effort to tackle inflation...

The Moscow Times

À Newport, c’étaient l’Irak et la Syrie, mais surtout l’Ukraine

Petro Porochenko a assuré qu'un cessez-le-feu pourrait être signé aujourd'hui à Minsk ; la Russie qualifie l'Alliance de « fille hystérique de la guerre froide »...

L'Orient - Le Jour

The Euro-Russia row as a result of an overlap between two economic unions : lessons for a multipolar world in the wake

This attitude on the part of Europe reveals a very strong feature of this crisis : it is a territorial row between two neighbours. On the one hand, there is the European Union, a free-trade area engaged in a questionable process of never-ending extension[4]. On the other hand, there is Russia’s Eurasian Economic Union project, all of a sudden competing with the latter.

LEAP/Euro-BRICS

China’s property conundrum

The various steps that China is taking to stem house price rises seems to be working, but can the government manage an orderly slowdown in the property sector?...

BBC

Australia: Economy enters danger zone

The federal government’s former top resources forecaster says the economy faces a painful downturn in 2015 as a property crisis in China accelerates the biggest hit to Australia’s export income in more than two decades...

Australian Financial Review

Crisis looms as only half of Brits have a pension

Almost half of British people don’t have any kind of pension, alarming research published by the Chartered Institute of Payroll Professionals has revealed...

The Independent

Blockade Calais, mayor urges townsfolk as anger rises at migrant crisis

At a tense press conference at the town hall on Thursday the mayor of Calais, Natacha Bouchart, threatened to call on the people of the town to become a human barricade, and block the port until further action was taken by the British government...

The Guardian

L'argent gratuit inonde les marchés et fait chuter les coûts d'emprunt

La France et l'Allemagne empruntent à des taux négatifs sur les marchés obligataires. Rarement l'argent aura été d'un accès aussi facile pour les Etats, mais aussi pour certaines entreprises...

Les Echos

Canada, Germany derail NATO bid to raise military spending

A NATO plan to get its members to agree to significantly boost their military spending has been derailed by Canada and Germany before it could be even presented to alliance leaders on Thursday when they meet in Wales...

Leader Post

Abe reshuffles Cabinet, LDP lineup with political stability, China ties in mind

Prime Minister Shinzo Abe’s reshuffled Cabinet and new ruling party lineup reflect a desire to stabilize his political base, repair relations at home and abroad, and prepare for another increase in the sales tax...

Asahi Shimbun

Finland most vulnerable to Russian gas cut-off

Finland would experience gas shortages even if Russia cut off exports just for one month, while other EU countries would last between three to nine months without Russian gas, according to a German study...

EUObserver

An important moment for India - Japan

Prime Minister Narendra Modi’s forthcoming visit to Japan is of considerable significance at a time when the bilateral relationship looks ready to take off. The rise of China, a growing Indian market for Japanese technology and a possible landmark nuclear deal have raised expectations of the outcome of this visit...

Gateway House

Pretoria se voit en médiateur dans le conflit israélo-palestinien

L’Afrique du Sud se félicite du cessez-le-feu signé cette semaine entre Israël et le Hamas. Le mois dernier, Pretoria a envoyé deux émissaires au Moyen-Orient pour tenter de faciliter le dialogue entre les deux parties. Depuis le début de l’offensive israélienne à Gaza, Pretoria est sous la pression de son opinion publique pour couper tout lien avec Tel Aviv...

RFI

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