EU Crisis

EU Crisis

April, 2017 GSE Report

North Korea this time is really very close to having the capability to miniaturize a nuclear weapon, put it under the nose cone of an ICBM, and launch the ICBM towards the United States. …The detonation of a nuclear weapon on a major American city can really concentrate your attention. This is putting America first. We are a global power. That’s a reality. Therefore, our interests are worldwide. South Korea and Japan are two of our biggest trading partners, and they are threatened by this erratic, irrational regime in North Korea. We are on the verge of being threatenedin the United States ourselves. We’ve got inadequate defense capabilities.

...[I]t’s entirely foreseeable that the day North Korea gets the capability to drop a nuclear warhead on the United States via ballistic missile, Iran could have that capability the next day by writing a check in the right amount of money.

John Bolton

Former UN Ambassador

April 28, 2017


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Posted: May 1st, 2017 | Permalink

The Eurozone's Deepening Banking Crisis

“The total stock of non-performing loans (NPL) in the EU is estimated at over €1 trillion, or 5.4% of total loans, a ratio three times higher than in other major regions of the world,” wrote Wolf Street’s Don Quijones. “Currently 10 (out of 28) EU countries have an ratio above 10%... And among Eurozone countries, where the ECB’s monetary policies have direct impact, there are these NPL stalwarts: Ireland: 15.8%; Italy: 16.6%; Portugal: 19.2%; Slovenia: 19.7%; Greece: 46.6% and Cyprus: 49%.”

 


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Posted: March 20th, 2017 | Permalink

Deutsche Bank Reports 4th Quarter Loss of €1.9 billion

Deutsche Bank’s fourth quarter loss of €1.9 billion was "very weak" even as there were "strong liquidity metrics," and there is evidence of franchise damage, according to Goldman Sachs. For the full year, Deutsch Bank reported a net loss of €1.4 billion, its second year of losses. In the fourth quarter, the bank took €1.59 billion of litigation charges in the fourth quarter, more than the €1.28 billion analysts’ expectations. While 2015 and 2016 were “peak years for litigation,” this year will continue to be “burdened by resolving legacy matters,” said Deutsche Bank


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Posted: February 2nd, 2017 | Permalink

Global Banking Outlook

Posted: January 24th, 2017 | Permalink

The Global Fintech Revolution

Posted: January 24th, 2017 | Permalink

Outlook for the United States

Posted: January 24th, 2017 | Permalink