By Emma Rowley4:46PM BST 06 Jun 2012 France’s new socialist government cut the country’s retirement age in the face of the eurozone’s deepening crisis, citing “social justice” to explain a move that goes against austerity efforts across the region. Workers who entered employment aged 18 will be able to retire at 60 rather than 62,…
Tag Archive for Nicolas Sarkozy
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Will ‘Onshela’ save Europe?
by Bears Chat at The Wall Street Examiner • • 0 Comments
May 17, 2012
THE ROVING EYE
Will ‘Onshela’ save Europe?
By Pepe Escobar
History will register his plane struck by lightning on the way to Berlin, no fancy kisses, and asparagus with veal schnitzel on the menu. This is the way the eurozone ends (…
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Socialist Hollande ousts Sarkozy in French vote
by Newswires • • 0 Comments
Francois Hollande was elected France’s first Socialist president in nearly two decades on Sunday, dealing a humiliating defeat to incumbent Nicolas Sarkozy and shaking up European politics. The result will have major implications for Europe as it struggles to emerge from a financial crisis and for…
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Germans Back Merkel’s Austerity Plan, Want Sarkozy Win – Poll – Wall Street Journal
by Newswires • • 0 Comments
The GuardianGermans Back Merkel's Austerity Plan, Want Sarkozy Win – PollWall Street JournalBERLIN (Dow Jones)–The majority of Germans support Chancellor Angela Merkel's austerity program and favor Nicolas Sarkozy to remain as president of Fra…
Money Morning
One of the Telltale Signs Behind Risky Stocks
by Martin Hutchinson • • 0 Comments
Short-term corporate thinking has been blamed for many of America’s economic ills.
With little foresight beyond next year, management sometimes closes down plants and fudges accounting to make this year’s earnings look better and boost the stock price.
Often, it is simply because management is excessively rewarded by short-term incentives such as stock options.
While investors might benefit from these shenanigans in the short-run, a new study points out the long-term effects are frequently negative.
A new Harvard Business School study entitled “Short-termism, Investor Clientele and Firm Risk” has shown that short-termism is bad for investors increasing their risks without any corresponding increase in returns.
In other words, risk and the short-term thinking usually go hand in hand.
Breaking Down the Conference Call
The study used a very interesting method to find out which companies are short-term oriented or more risky.
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France May be the Domino that Causes the Euro to Collapse
by Martin Hutchinson • • 0 Comments
Commentators are wringing their hands again, worried the troubles in Spain could cause the whole euro project to collapse. As a result, all eyes are now on Spanish 10-year debt yields, which went above 6% last week as the threat of euro-chaos returned. But it’s not Spain the markets should be worried about.
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Stocks Go Nowhere and Europe Slips Deeper into Chaos
by Bears Chat at The Wall Street Examiner • • 0 Comments
On the bright side, stocks could’ve done a whole lot worse given the persistent deterioration in Europe. First, the scoreboard:
Dow: -25.6 pts, -0.2%
S&P 500: -3.1 pts, -0.3%
NASDAQ: -18.5 pts, -0.8%
And now, the top stories:
After being closed f…
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‘Banker’s coup’ in Europe?
by Bears Chat at The Wall Street Examiner • • 0 Comments
Regime Change in Europe: Do Greece and Italy Amount to a Bankers’ Coup?
By Stephan Faris Friday, Nov. 11, 2011
The voice of the people isn’t something the markets seem to want to hear these days. First…
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Europe Might Have Blown Last Chance to End Its Crisis: View
by Bears Chat at The Wall Street Examiner • • 0 Comments
Europe Might Have Blown Last Chance to End Its Crisis: View
By the Editors Oct 30, 2011 7:00 PM ET 26
After an initial bounce, markets demonstrated a lack of confidence in Europe’s resolve to protect solvent governments from the financial malaise a…
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Merkel: No Decisions Today, Announcement expected Wednesday
by Bears Chat at The Wall Street Examiner • • 0 Comments
Merkel: No Decisions Today, Announcement expected Wednesday
by CalculatedRisk on 10/23/2011 02:10:00 PM
From MarketWatch: Final agreement on package of measures expected Wednesday
“Today, we will not undertake any decisions, but will undertake p…