Monthly Archives | February 2012
A Year of Major Progress for HSBC
February 28th, 2012
READ MOREHSBC is a British multinational banking and financial services company headquartered in London, United Kingdom. It is the biggest bank in Europe and makes about 90% of its profits outside the United Kingdom. According to a report issued last week …
Anti-German Feeling in Greece
February 28th, 2012
READ MOREGreek citizens feel uncomfortable with the austerity measures imposed by the European Union, especially Germany. The tension between both countries has grown steadily. German media consider Greeks lazy and unproductive and tension reached its highest point when Greece’s bailout was …
Spain: 22% Households Under Poverty Line
February 28th, 2012
READ MORECaritas, the Spanish Roman Catholic Church charity organization commissioned a report about poverty in Spain. It reveals shocking figures. Exclusion and Social Development 2012 reveals that already 22% of Spanish households are living under the poverty line with a further …
China: Transition to a Freer Economic System
February 28th, 2012
READ MOREThe China 2030 Report compiled by the World Bank and the Development Research Center, a research group that reports directly to China’s State Council, recommends China enact reforms promoting a freer economy. The proposed reforms include turning the state-owned companies …
Mobile Phones Change the World
February 28th, 2012
READ MOREPresented in Barcelona, Spain from February 27th to March 11 the Mobile World Congress is the world’s largest mobile phone trade show. According to CNN News the goal is celebrating the current state of mobile technology; it also offers a …
No “Silver Bullet” to Resolve Debt Crisis
February 27th, 2012
READ MOREIn folklore, a silver bullet is supposed to be effective against a werewolf, witch or other monsters. The term has been adopted into a metaphor referred to any a straightforward solution perceived to have extreme effectiveness. In an interview with …
Devastating Drought Threatens Paraguay
February 27th, 2012
READ MOREAccording to experts since the 1970s more intense and longer droughts have been observed over wider areas of the world, particularly in the tropics and subtropics. Drought duration and intensity have also increased. The problem is affecting several Latin American …
Lower Income for Lloyds Bank
February 27th, 2012
READ MORELloyds TSB is a retail bank in the United Kingdom, established in 1995 by the merger of Lloyds Bank with the TSB Group. Today it has 16 million personal customers and small business accounts. In October 2011 Moody’s Analytics downgraded …
Europe Should Learn from “Tequila Crisis”
February 27th, 2012
READ MOREAccording to Investopedia, “Tequila Effect” is the “informal name given to the impact of the 1994 Mexican economic crisis on the South American economy. The Tequila Effect occurred because of a sudden devaluation in the Mexican peso, which then caused …
Improving Client Protection in Latin American MFIs
February 27th, 2012
READ MOREThe Multilateral Investment Fund was founded in 1993 by the Inter-American Development Bank. It has 39 donating member countries from North America, Latin America, The Caribbean, Europe and Asia. On February 24th it announced its support to the Smart Campaign, …