In a letter to President Gustavo Petro, more than ten former Ministers of Mines and Energy urged the government to take “timely” measures in light of the financial crisis that seventeen energy marketing companies are going through and affecting the country’s electricity sector threatens. . Former officials Amvlcar Acosta, Germán Arce, Carlos Caballero, Mauricio Cárdenas, […]
Tag: Financial crisis
Scholz: “Enough of the endless increase in public debt”
The German government wants to find a “balance” between the necessary “solidarity” in the Stability Pact reform and the requirement that member states not suffer “infinite and disproportionate increases” in public debt. German Chancellor Olaf Scholz explained this in his speech to the deputies gathered at the General Assembly in Strasbourg today. Germany will “play […]
Credit Suisse shares plummet on sale to UBS
A group of institutional shareholders, especially pension funds Swissare evaluating the possibility of taking legal action against the sale of Credit Suisse to UBS bank, for 60% less than the market value at the time of the negotiations. “We will explore all options, including legal ones, in the coming days to determine who is responsible […]
Financial crisis, “Lagarde creates panic in the markets”. Spread went crazy, bankers fault
The decision announced last Thursday by Christine Lagarde, head of the European Central Bank (ECB) to stop buying government bonds from July 1 next with the plan to raise interest rates by 0.25% and likely again to September of 0.50%, panicked. financial markets, especially European ones, and left many economists of authority perplexed, starting with […]