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How to get Cyprus citizenship by investment and be an EU citizen
 
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How can you get Cyprus citizenship by investment? Learn about a way to become an EU citizen. With more demand on the second passport market, the prices of economic citizenships have only been going up and Cyprus is at the very top with its price tag. Cyprus citizenship is available by investing at least 2 million euros in the country's residential real estate market, government bonds, or into an established Cypriot company. The story of Cyprus citizenship is quite interesting, and though its roots aren't that promising, now you can get a lot from this passport. There are also some interesting perks to have in mind when it comes to this citizenship, as Andrew explains in the video. Watch the video to the end to find out how to get Cyprus citizenship and enjoy the benefits of EU citizenship that come with it. The truth is that EU passports offer a lot of commodities when it comes to visa-free travel, and Cyprus passport is no different. Subscribe to our channel and stay tuned for more videos and information about second passports, offshore strategy, reducing your taxes and going where you're treated best. --- ABOUT NOMAD CAPITALIST Andrew Henderson travels to nearly 30 countries every year to stay up to date on the latest legal strategies for entrepreneurs and investors to pay less tax, grow their money faster, and build their personal freedom. Andrew started Nomad Capitalist to help people like you follow his five magic words: "go where you're treated best". He has personally started foreign companies, opened offshore bank accounts, and obtained multiple second passports. He also learned the hard way that perpetual information seeking is often the biggest barrier to getting the results you want. Many entrepreneurs spend months and even years constantly researching how to pay less in tax or live overseas, but are afraid to make the jump. As a result, they get stuck and keep paying a fortune in taxes and never get the lifestyle they deserve. Nomad Capitalist's Youtube channel is based on Andrew's vision that focusing on the end result, rather than the latest shiny object, is the best way to actually obtain the benefits of the Nomad Capitalist lifestyle. About Andrew: http://www.nomadcapitalist.com/about/ Our website: http://www.nomadcapitalist.com Our blog: http://www.nomadcapitalist.com/blog/ Work with Andrew: http://www.holanomad.com/
Views: 14529 Nomad Capitalist
Cyprus deal shocks markets
 
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http://www.euronews.com/ The surprise decision by eurozone leaders to part-fund a bailout of Cyprus by taxing bank deposits sent shockwaves through financial markets on Monday. Shares tumbling as investors sold them to transfer cash into so-called safe-haven assets such as gold and German government bonds. Frankfurt trader Robert Halver warned of fear contagion to places like Spain and Italy, saying: "The bank crisis is back again. If we look at the Spanish and Italian banks this morning, their shares were down significantly because there is the fear that there will be a run on the banks; that what is happening in Cyprus could also happen in Spain or Italy. It is vital that the small-time savers hold their nerve." Milan and Madrid were the biggest losers, both down two percent at mid afternoon, while the amount of Russian money in Cypriot banks .led to a sell off of shares in Moscow. The interest that Italy and Spain had to pay to sell government bonds jumped sharply. The cost of insuring against a government default in the eurozone's southern rim also rose. Find us on: Youtube http://bit.ly/zr3upY Facebook http://www.facebook.com/euronews.fans Twitter http://twitter.com/euronews
#Cyprus announces 7 important changes to #citizenship by investment program | Mohamed Aboshanab
 
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#Cyprus announces 7 important changes to #citizenship by investment program | Mohamed Aboshanab Cyprus announces important changes to citizenship by investment program | Mohamed Aboshanab The Cypriot Investment Scheme, one of the most efficient Citizenship programs, offering the quickest route to EU citizenship in just 180 days, is under scrutiny again. This week, in an effort to further regulate the Cyprus Investment Program (CIP) and to secure its continuity, the Cypriot government has taken another huge step to limit the program, even after imposing the 700 applicant limit this year. To tighten the grip on the citizenship scheme, on the 13th of February officials approved a series of new changes, which are due to come into force in several months. 7 key changes announced: 1. Applicants will have to be in possession of a Schengen visa. 2. Applicants who were rejected by another EU country will be excluded from the CIP. 3. The investment period will be 5 years, instead of 3 years. The investor will be able to change his investment, provided that consent is granted. 4. Shipping will be included in the investment sectors, while investing in government bonds will no longer be available. 5. A planning permit shall be mandatory for properties under construction. 6. An €150,000 donation will be required: €75,000 for research and development & €75,000 to the land development organisation. 7. Due diligence and background checks shall be carried out by a specialised foreign firm on each applicant. What's my next move? With this in mind, if you are looking to take up this program and become a European citizen in 180 days - do so quickly and without delay. NEWBORDER ™ Global Advisers To Contact us https://goo.gl/forms/Teh7jMSYEbtg0MoD2 -- You can book a Consultation through: http://www.newborder.eu email: [email protected] During Office Hours Only Monday-Friday 10 AM - 05 PM Office : 00442038185956 00447930223366 WhatsApp 00447539038180 00447983310395 #NEWBORDER ------ Disclaimer While every effort has been made to ensure the accuracy of the information provided, it does not constitute legal advice and cannot be relied upon as such. We does not accept any responsibility for liabilities arising as a result of reliance upon the information given. ------
Views: 307 Mohamed Aboshanab
euronews reporter - The Greek debt that became Cyprus' Trojan Horse
 
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http://www.euronews.com/ Some news from Cyprus, which sounds uncannily like news from Greece: the country does not have access to the international capital markets and economic reforms are going at a snail's pace. Cypriot banks are drowning in greek junk bonds. That's why they need a muti-billion euro lifeline now too... More new faces are showing up at the soup kitchen in the southern Cypriot city of Limassol, entire families asking the orthodox church for a free meal. The church is warning that some radical new changes are afoot. Cyprus needs a bailout. The communist ruled EU-member is cash-strapped. Unemployment is on the rise and the economic outlook is gloomy. Fifty-seven year old Costas is looking for a job. Nothing special: just something, anything. But instead of blaming the lack of competitiveness of the Cypriot economy, banks for their investment choices, or even the politicians for not having reformed the island's economy in time, he blames the EU's free labour market. Costas Panayi, unemployed, Limassol "In Cyprus there is a big problem now. Iit is getting worse, because more people come here to eat. They do not have food...300 people and families... and there are no jobs in Cyprus, because of the Europeans that came from Romania, Bulgaria, all over the place - and they take the jobs of the Cypriots." But the problem also lies elsewhere: Cyprus suffers from it's close links to crisis-shaken Greece. Just nearby the church's soup kitchen, Cypriots and tourists mingle happily on the Limassol beach. During the last few decades, the southern part of the still-divided island got used to stunning growth rates and huge cash-inflows from abroad. But the greek nightmare throws a frightening shadow over the Cypriot paradise. For more than a year now, Cyprus has been cut off from international capital markets. Double-digit interest rates make it impossible for Cyprus to finance it's current budget deficit through market condition loans. The party is over, the orthodox church reminds us and a new reality is beginning to bite. When the church started the food programme in Limassol in 2003, just a few elderly people showed up. Since then, the number of hungry mouths has multiplied. Giouli Chatzaki, Social worker, Limassol "We have a lot of families coming here. The last two years we had a lot more families coming and asking to get some food because it is a free service and the reason is that one or even two of the parents have usually lost their jobs. We have children that can not afford to buy a sandwich or a juice, in the school". Cyprus may need a bailout that is more than half the size of its 17 billion euro economy. The employment agency in Nicosia is crowded. The jobless rate just climbed over ten percent. Compared to Greece, it's low. But for Cyprus, that's extraordinarily high. For the last two years, twenty-eight old, highly qualified Andreas has been unemployed. Now he wants to leave. Andreas Polycarpou, Unemployed, Nicosia "If I were lucky, I would find a job in the rest of Europe, maybe in Germany, in France, maybe. Or I am looking for a job in Australia or Canada, but they want a visa for those countries and it is not easy to get a visa now". In Europe, youth unemployment is highest in Greece at fifty-three percent. Cyprus lies at twenty-nine percent, while Germany enjoys Europe's lowest youth unemployment rate with just eight percent. The EU average is twenty-two percent. Twenty-seven year old Yianna studied graphic design and downscaled her career hopes, but couldn't even land a secretarial job. Her mother has been unemployed for two years and her father - who worked in the construction sector - is jobhunting too. Yianna Philippou, Unemployed, Nicosia "I've been looking for a job for six months now. All my friends are in exactly the same situation as I am, they can not find anything at all. Because of the crisis, I got fired by a company that had to close down one of it's three shops". Cypriot banks' balance sheets are suffering under the weight of bad Greek debt. An estimated twenty-three billion euros were channeled from Cyprus to Greece, hence the need for urgent recapitalisation. Cyprus' three biggest banks are exposed to the tune of fourty-two percent, seventeen percent and thirty-four percent respectively, with regard to Hellenic debt. When investors agreed last year to what is called a "greek haircut", it wasn't just hair they lost. This is especially true for the Cypriot banks that bought up Greek junk bonds. They lost three quarters of their value due to that "haircut agreement". Find us on: Youtube http://bit.ly/zr3upY Facebook http://www.facebook.com/euronews.fans Twitter http://twitter.com/euronews
Views: 6611 euronews (in English)
Bailout for Cyprus, but at what cost?
 
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http://www.euronews.com/ Cyprus says it is premature to speculate on what conditions Brussels might attached to the bailout it wants. EU sources said the Cypriot government could ask for 10 billion euros to shore up its banks. The government itself says no amounts have been discussed. Officials from the ECB, which will carry out an assessment with the European Commission of precisely how much aid Cyprus may require, were due on the island on Monday, two sources told Reuters. In Cyprus a big fear is that unpopular austerity measures could be imposed and that its low-tax status for businesses could be challenged. Analyst Fiona Mullen of Nicosia-based economic research consultancy Sapienta said: "We don't know what the cost will be, what the EU will demand in return for this loan. The biggest worry being they might force an increase in the corporate tax rate, which is currently the lowest in the EU at 10 percent." Cypriot banks have lent 29 billion euros to Greece, through government bonds and individual loans; that is 160 percent of Cyprus's GDP. Its economy is forecast to shrink 1.2 percent this year and the deficit - at 6.3 percent - is one of the highest in the eurozone. The banks in the tiny Mediterranean island have been crushed by huge losses sustained when the value of Greek government bonds was written down in an attempt to make Athen's debt mountain more sustainable. However, Cyprus's finance minister has said he does not believe any conditions that come with the EU bailout would be as painful as some believe. *How big a bailout* Economist Fiona Mullen said it would be wise for Cyprus to request 10 billion euros in order to avoid going back in six months time to ask for more. She also suggested this was what the EU was asking Cyprus to do. "I think 10 billion covers them for three eventualities. The first is the two plus billion that they need for, the immediate need for Cyprus Popular Bank, the second largest bank. The second one is they also need 2.5 billion, around 2.5 billion next year, the government needs this in debt refinancing. And the third reason is, essentially, protecting themselves against the deteriorating loan portfolio in Greece. My own estimate is that if Greece fell out of the euro, then it would cost the banks another five billion, so altogether, that comes to 10 billion." *Reactions* "The problem should have been dealt with three to four years ago when the difficulties of the governments and banks began. I think we took too long and now things are difficult. No one is happy with this development, but since it is necessary, there must be a hard negotiation in order to achieve the best result," said Christakis Papalouisou, a 64-year-old dentist who said his patients are increasingly stressed about the rise in unemployment and economic uncertainty. "If we have to borrow this money, it has to be repaid and this is going to come from taxes, from all the people over here, and already the people can't pay any more taxes. The other way is going to be to tax all the companies and in Cyprus, most of the companies that we have have opened here are from abroad and that's happened because we have low taxes. If the taxes go up, all the companies are going to close and go abroad," said Panos Christodoulou, a 28-year-old graphic designer who said he is finding it increasingly difficult to find a job with foreign companies in Cyprus. The manager of a video gaming shop said demand has dropped and two of their shops have closed in the last two years. Aris Miliotis wants the government to restore confidence to restart the economy. "At this point the thing I am fearing the most is panic -- mass panic. What's going to happen once the 'troika' (the European Commission, European Central Bank and International Monetary Fund) comes in and measures are imposed? I think people will not react well," Miliotis said. Find us on: Youtube http://bit.ly/zr3upY Facebook http://www.facebook.com/euronews.fans Twitter http://twitter.com/euronews
Views: 1331 euronews (in English)
hungarian government bonds
 
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euronews interview - Cyprus in the EU spotlight
 
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http://www.euronews.com/ The European Union is currently undergoing one of the most turbulent economic periods in its short history, with political, ideological and financial divisions threatening to bring its fragile edifice tumbling down. Andrei Beketov, Euronews: Euronews welcomes to its studio the President of Cyprus, whose country has just taken over the presidency of the Council of the European Union. What is the most important thing that you want to achieve in the next six months? Demetris Christofias: Together with the European Commission and the European Parliament (we are all part and parcel of the European Union) we need to put forward a programme to tackle economic problems. The main priority will be negotiations on the multi-annual financial framework, which will be conducted with the 27 EU members, in particular the Eurozone partners, and all the institutions until December. We can not resolve the economic crisis exclusively through the policy of budgetary austerity. We can not go forward without development, without creation of jobs, without a more gradual or fairer distribution of wealth produced in the European Union. This is our general philosophy. Euronews: When you were talking about too much austerity, I wonder whether it was the Communist in you talking. Your ideology isn't shared by many European politicians. How will your Communist views affect the Cypriot presidency and maybe the policy of the whole of the European Union? Demetris Christofias: Before assuming the post of the president of the Republic of Cyprus, I made it clear that I will not try to implement my own Communist ideology. I will use the capitalist system, but in a fair way. Maybe capitalism is inhumane but at the same time we can have fairer distribution of wealth without introducing a communist regime. I am a member of a political party of working people, it is a progressive party. Now is the time to solve the daily problems of people and nations. We will see how we handle the ideology issue later. Euronews: Also on your background, if I may. You studied in Russia, you speak Russian. Does it mean that Brussels will perhaps pay more attention to relations with Russia while you are EU president? Demetris Christofias: In my view, the European Union must have relations of friendship and cooperation with Russia which is also part of Europe, we have to acknowledge that. Therefore, if and when needed, we will play a significant role. Euronews: Cyprus is expected to lead other countries out of the crisis. But Cyprus is seeking financial help for itself. How will you cope with the two apparently contradictory tasks? Demetris Christofias: I don't think these tasks are contradictory and conflicting. The fact that Cyprus needs external aid to capitalise some banks that have been exposed to Greek bonds doesn't mean that we must not work for the benefit of other countries that need assistance. I think in Cyprus we dont have big problems with budgetary discipline. Our biggest problem - our banks' exposure - will be solved with European help. Euronews: For most of the European countries, Cyprus is a remote island in the Mediterranean. Could that geographical location be an advantage now? Demetris Christofias: Because of its location at the southern border of the European Union, Cyprus can play a very important role as the bridge of a common understanding, friendship and cooperation of the EU with the countries of the region, the Middle East and North Africa. We have very good relations with countries that went through the Arab spring. Euronews: How is the EU going to deal with Turkey's refusal to cooperate with it on many issues during Cyprus' presidency? Demetris Christofias: I think it is a shame that the Turkish government has sent different messages in the past, and only now decides to get tough. My message to Turkey is that it should respect the Republic of Cyprus as an equal member of the European Union. Euronews: What other benefits do you see from your country's presidency in the EU for the issue of reunification? Demetris Christofias: The fact that one part of Cyprus is occupied by the military forces of a neighbouring country, which aspires to be a member of the European Union is in itself contradictory. We do not have the will or the force to resolve our problems with Turkey through military means. We have to find peaceful means to develop dialogue. I have suggested it several times to Mr Erdogan and Mr Gul, but unfortunately they don't recognise me as the president of the Republic of Cyprus. Euronews: Find us on: Youtube http://bit.ly/zr3upY Facebook http://www.facebook.com/euronews.fans Twitter http://twitter.com/euronews
Views: 6816 euronews (in English)
THE NEXT COLLAPSE: Signaled by the Bond Market
 
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[BELOW] - Supporting Docs and Free ITM Investment Guide: FREE ITM INVESTMENT GUIDE: https://www.itmtrading.com/blog/free-guide-g1a/ Slides and Links: https://www.itmtrading.com/blog/next-collapse-signaled-bond-market/ Something is going on in the global bond market and it doesn’t look good for most of the other markets. In the US Treasury market, yields have broken above resistance levels not seen since 2014 respectively and we’re seeing similar moves in the global sovereign bond markets. There are many reasons interest rates matter, today we’re going to look at three of those reasons. First is the debt that was taken on with interest rates near zero that now has to be rolled over at higher rates. Secondly central bankers knew that if bond interest income was taken away from savers, they would take on more risk in a reach for yield. Particularly if stock dividends were paying more than bonds, thus we have the most expensive stock market in history. In February, that seems to be changing. As interest rates are hitting levels not seen since 2014 and earlier, global stock markets are falling. Which takes us to the third topic, all those opaque derivatives bets which dwarf all markets combined. From the most current OCC report on derivatives in the FDIC banking system, we can see that banks are leveraged 24.7 to 1, derivative bets to assets. Keep in mind that bank “assets” include your deposits, brokerage accts. etc. and the bail-in laws are in place. As a reminder (think Cyprus 2013 and Greece 2015) when a bank becomes insolvent they have the right to halt or control withdrawals. In Cyprus, capital controls were in place for roughly 2 years and in Greece, they are still in place. The real reason central bankers are attempting to raise interest rates at this time is to have the ability to lower them when the next crisis hits. In the US, going back to the early 1980’s, interest rates were lowered to “stimulate” the economy an average of 6.5%., so when the next crisis happens, central banks are most likely to plunge us into negative rates. Nor does their balance sheet have enough room to take on more debt to mask this next crisis. Debt fiat system over. So what can you do? Be prepared to be as independent as possible, so my mantra; food, water, energy, security, community, barterability and wealth preservation. History proves that physical gold and silver in your possession protects wealth and positions opportunities better than any other asset. That’s why those that understand money own gold and silver. SUBSCRIBE to ITM Trading for the Latest on inflation, bonds, wall street, gold and silver, investing in gold, economy, collapse, 2018... If you want to know what to actually DO about all of this, that's what we specialize in here at ITM Trading. How do you protect your wealth for the next collapse? Yes Gold and Silver, but what types? What strategy? And what long term plan? If you're asking these questions you're already ahead of the game. We'd love to assist you as it is our mission to safeguard you from the inevitable downfall of the dollar. Call Us Today or (if it's after business hours) leave us a message at: 888-696-4653 You can also email us at: [email protected] For Instant Updates and Important News, please follow us on: https://www.ITMTrading.com https://twitter.com/itmtrading https://twitter.com/itmtrading_zang https://facebook.com/ITMTrading ITM Trading Inc. © Copyright, 1995 - 2018 All Rights Reserved.
Views: 56825 ITM Trading
Hungary cancels Immigrant Investor Bond residency
 
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Hungary decides to cancel Immigrant Investor Bond residency and Andrew is here to talk about what this means, and what you can learn from it. For some people out there, this is not the best news, since by suspending the residency program, Hungary is removing one straightforward path to the second residency in the EU for investors. In the last years, Hungary has become quite xenophobic, due to thousands of refugees flocking to go through the country. Immigrant Investor Bond residency program was simple - you invest 300,000 Euros into government's bonds, you get no interest, and after 8 years, you get your money back. While you're waiting for your money, you have the right to travel and work anywhere in the European Union, which is what made Hungary an entrance point for many Asian investors. Now, Hungary has closed the door to this program, as their economy is doing better and they don't want that many foreign investors running around. Thankfully, there are plenty of other European residency programs that can grant you visa-free access to EU and Andrew talks about them in the video, so make sure to watch to the end. Subscribe to our channel and stay tuned for more videos and information about second passports, offshore strategy, reducing your taxes and going where you're treated best. ----- ABOUT NOMAD CAPITALIST Andrew Henderson travels to nearly 30 countries every year to stay up to date on the latest legal strategies for entrepreneurs and investors to pay less tax, grow their money faster, and build their personal freedom. Andrew started Nomad Capitalist to help people like you follow his five magic words: "go where you're treated best". He has personally started foreign companies, opened offshore bank accounts, and obtained multiple second passports. He also learned the hard way that perpetual information seeking is often the biggest barrier to getting the results you want. Many entrepreneurs spend months and even years constantly researching how to pay less in tax or live overseas, but are afraid to make the jump. As a result, they get stuck and keep paying a fortune in taxes and never get the lifestyle they deserve. Nomad Capitalist's Youtube channel is based on Andrew's vision that focusing on the end result, rather than the latest shiny object, is the best way to actually obtain the benefits of the Nomad Capitalist lifestyle. About Andrew: http://www.nomadcapitalist.com/about/ Our website: http://www.nomadcapitalist.com Our blog: http://www.nomadcapitalist.com/blog/ Work with Andrew: http://www.holanomad.com/
Views: 5249 Nomad Capitalist
How to Start a Hedge Fund in Cyprus
 
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Investors can find out from our magazine important details on how to start a hedge fund in Cyprus. More information on the investment environment can be discovered here http://www.fundworld.org/.
Views: 151 Fund World
Cyprus Crisis Reveals Shadowy World of Tax and Money Laundering Haven
 
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James Henry: Bailout deal includes capital controls and punishing big Russian depositors to pay off European banks -- leaves Cyprus looking for a "new way to make a living"
Views: 6453 The Real News Network
Bernanke: No Major Risk to U.S. From Cyprus Crisis
 
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March 20 (Bloomberg) -- Federal Reserve Chairman Ben Bernanke comments on the crisis in Cyprus during his news conference. (Source: Bloomberg) -- Related Story: http://bloom.bg/XZyaUG -- Subscribe to Bloomberg on YouTube: http://www.youtube.com/Bloomberg
Views: 1296 Bloomberg
The Process of Sovereign Debt Restructuring - Lee Buchheit (Part 1)
 
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Lecture by Lee C. Buchheit (Clearly Gottlieb Steel & Hamilton LLP). Recorded at the training course 'Managing and Understanding Sovereign Debt Risks and Restructuring' by the Florence School of Banking and Finance - Florence, 24 April 2018 http://fbf.eui.eu/managing-understanding-sovereign-risks/
#Gold news on video, Dow Jones DOWN on Cyprus concerns, Yen UP, MORE QE, goldnewsvideo
 
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Twitter -- https://twitter.com/goldnewsvideo Blog - http://goldnewsvideo.blogspot.co.uk/ YouTube Channel - http://www.youtube.com/user/goldnewsvideo Cyprus's parliament will vote on new legislation on Friday morning that will radically restructure its biggest banks. The decision is expected to protect smaller depositors at Laiki, its second biggest bank, but those with over €100,000 faces the possibility of large losses • Rumours that Laiki was about to collapse swept Cyprus. This lead to more customers queuing at its cashpoints to withdraw funds (see here and here) • Angry bank staff also held a demo near to the Cyprus parliament, demanding answers about their future. There were isolated scuffles with police, but otherwise the protests were calm (latest photos here) • The Eurogroup said tonight that it was ready to discuss a new proposal with Cyprus, and reiterated the importance of protecting savings up to €100,000. The statement is here. Cypriots gather cash as suppliers demand hard currency for goods | http://bloom.bg/14fdZpI #Cyprus Japan stocks fall amid Cyprus deadline, rising yen; Nikkei Average down 0.9% http://on.mktw.net/103Bjkj Cyprus Popular Bank imposes 260 euro per day limit on ATM withdrawals - @Reuters http://reut.rs/WNWFVa U.S. stocks suffer biggest drop in nearly a month http://www.marketwatch.com/m/story/3086c314-9228-11e2-8a9d-002128040cf6 ... US House passes $984bn spending bill to avert government shutdown Bill, which only covers funding for six months but means some federal departments get extra cash, passes 318 to 109 http://www.guardian.co.uk/world/2013/mar/21/house-of-representatives-congress Daily Times #Gold firms on Fed's QE pledge, Cyprus uncertainty http://www.dailytimes.com.pk/default.asp?page=2013 ...\03\22\story_22-3-2013_pg5_26 #gold, silver slip on profit booking, weak global cues http://m.economictimes.com/markets/commodities/gold-silver-slip-on-profit-booking-weak-global-cues/articleshow/19112033.cms ... #Gold Giants Shrink to Fit as Paulson Pushes Breakup: Commodities http://mobile.bloomberg.com/news/2013-03-20/gold-giants-shrink-to-fit-as-paulson-pushes-breakup-commodities.html ... How Franklin Roosevelt Secretly Ended the #Gold Standard http://mobile.bloomberg.com/news/2013-03-21/how-franklin-roosevelt-secretly-ended-the-gold-standard.html ... Why #Silver Could Catch Up to #Gold http://m.cnbc.com//id/100578379 #Gold hits near 1-month high on Cyprus debt fears http://uk.mobile.reuters.com/article/idUKL3N0CD1OH20130321?irpc=932 ... Vince Cable outlines plans for Business Bank http://www.telegraph.co.uk/finance/yourbusiness/9946942/Vince-Cable-outlines-plans-for-Business-Bank.html ... Next warns of tough times ahead for retailers http://www.independent.co.uk/news/business/news/next-warns-of-tough-times-ahead-for-retailers-8544248.html ... Cyprus crisis: Government to create 'solidarity fund' after ECB issues Monday ultimatum - live update #gold http://m.guardian.co.uk/business/2013/mar/21/eurozone-crisis-cyprus-bailout-plan-b ... Eurozone downturn deepens Britain needs to be clear about its relationship with Europe http://www.telegraph.co.uk/finance/financialcrisis/9945367/Eurozone-downturn-deepens-as-output-slips.html ...
Views: 79 goldnewsvideo
Warren Buffett on Federal Reserve Policy to Buy Government Bonds
 
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http://seekingalpha.com/author/value-investors-portal/articles#regular_articles Warren Buffett on Federal Reserve Policy to Buy Government Bonds
Views: 8576 valueinvestorsportal
Cyprus: Buy, Sell, or Sit on the Sidelines?
 
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March 25 (Bloomberg) -- In today's "Word on the Street," Bloomberg's Stephanie Ruhle looks at possible options for investing in the wake of the Cyprus bailout. She speaks on Bloomberg Television's "Market Makers." (Source: Bloomberg) -- For more "Market Makers" videos: http://bloom.bg/RU3pJd -- Subscribe to Bloomberg on YouTube: http://www.youtube.com/Bloomberg
Views: 1089 Bloomberg
Hungary Residency Bond GET your Residence Permit Now!
 
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How to get permanent residency in europe , Get your Permanent Residency Bond in Hungary Go to http://residency-bond.info or write to Us : [email protected] - [email protected] Our Office has 100% success for this type of operations This residency bond program is the newest and most interesting of investments in Europe and it represents an exceptional opportunity for you to obtain a PR in an EU and Schengen member state, and live do business or travel freely throughout Europe Best Residency Program in Europe Hungarian Residency Bond Program offers Hungarian permanent residency under preferential conditions for non-EU nationals willing to invest into government residency bonds The Hungary Immigration Program is the best one for you and your family because of its fast procedure. So far the Hungarian Office of Immigration and Nationality has approved 5029 Residency Bond Permits. Residency Bond program http://residency-bond.info/best-offer-in-europe/ Procedure http://residency-bond.info/procedure-bond-program/ Requirements http://residency-bond.info/requirements-residency-bond-programme-in-hungary/ 5229 Residency Sold http://residency-bond.info/bond-sold-2828-hungary-residence-permit/ #residencybondprogram #hungaryresidencybondprogram #hungarianresidencepermit #hungarianresidencybondprogram #hungarianresidency #hungarianpermanentresidence #hungarianresidencybond #hungarianpermanentresidencecard https://www.youtube.com/watch?v=D1L_Hyazb6c
Cyprus Citizenship by Investment (Immigrant Investor Program) - Episode 10
 
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There have been several updates to the existing Cyprus Citizenship-by-Investment. The Council of Ministers revised the existing program on March 19th, 2014, enabling foreign nationals to gain citizenship if they meet certain criteria set out by the Ministry of Interior. When you acquire citizenship under the Cyprus citizenship program, you and your family enjoy full citizenship for life, which can be passed on to future generations by descent. The Citizenship-by-Investment Program requires a person to make a significant economic contribution to the country. In exchange, and subject to a stringent vetting and diligence process, including thorough background checks, the applicants and their families are granted citizenship. To qualify for citizenship, the primary applicant must be over 18 years of age, meet the application requirements by investing at least €5 million under one of six options: Government Bonds, Financial Assets, Real Estate, Local Business Activities, Bank Deposits, Combination (mixed option), or Impaired Deposits. The latest additional option is for a submission of group applications under any or a combination of the first four options for €2.5 million investment by each applicant in a collective investment scheme, the total amount of which exceeds €12.5 million. Note that investment for categories 1 to 4 can be performed through different sellers or providers (a physical or legal person). In addition, every applicant must be the owner of a permanent residence in Cyprus, with a market value of at least €500,000 plus VAT. It is understood that the members of the same family, who submit different applications as investors, can buy collectively a residence/house, provided that the total amount of the residence/house covers the amount of €500,000 for each applicant.
Views: 4778 ENCUBATE
Charlie Munger on Cyprus and Bankers
 
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http://seekingalpha.com/author/value-investors-portal/articles#regular_articles Charlie Munger on Cyprus and Bankers
Views: 1926 valueinvestorsportal
{Arabic} Cyprus announces important changes to citizenship by investment program | Mohamed Aboshanab
 
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{Arabic} Cyprus announces important changes to citizenship by investment program | Mohamed Aboshanab The Cypriot Investment Scheme, one of the most efficient Citizenship programs, offering the quickest route to EU citizenship in just 180 days, is under scrutiny again. This week, in an effort to further regulate the Cyprus Investment Program (CIP) and to secure its continuity, the Cypriot government has taken another huge step to limit the program, even after imposing the 700 applicant limit this year. To tighten the grip on the citizenship scheme, on the 13th of February officials approved a series of new changes, which are due to come into force in several months. 7 key changes announced: 1. Applicants will have to be in possession of a Schengen visa. 2. Applicants who were rejected by another EU country will be excluded from the CIP. 3. The investment period will be 5 years, instead of 3 years. The investor will be able to change his investment, provided that consent is granted. 4. Shipping will be included in the investment sectors, while investing in government bonds will no longer be available. 5. A planning permit shall be mandatory for properties under construction. 6. An €150,000 donation will be required: €75,000 for research and development & €75,000 to the land development organisation. 7. Due diligence and background checks shall be carried out by a specialised foreign firm on each applicant. What's my next move? With this in mind, if you are looking to take up this program and become a European citizen in 180 days - do so quickly and without delay. NEWBORDER ™ Global Advisers To Contact us https://goo.gl/forms/Teh7jMSYEbtg0MoD2 -- You can book a Consultation through: http://www.newborder.eu email: [email protected] During Office Hours Only Monday-Friday 10 AM - 05 PM Office : 00442038185956 00447930223366 WhatsApp 00447539038180 00447983310395 #NEWBORDER ------ Disclaimer While every effort has been made to ensure the accuracy of the information provided, it does not constitute legal advice and cannot be relied upon as such. We does not accept any responsibility for liabilities arising as a result of reliance upon the information given. ------
Views: 829 Mohamed Aboshanab
CYPRUS: Hellenic acquisition of the Co-op done by September
 
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CYPRUS: Hellenic acquisition of the Co-op done by September The Cyprus Cooperative Bank (CCB) has begun the process of transferring its business to Hellenic, after the government agreed to sell off the struggling Co-op’s assets. Officials from both banks told CNA that division directors have had meetings to prepare the transfer which is expected to be completed in September. According to the deal, Hellenic Bank will acquire a balance sheet of €10.3 bln, comprising a portfolio of primarily performing loans (net loans: €4.6 bln), Cyprus Government Bonds (€... ----------------------------- Don't forget Subscribe: https://www.youtube.com/channel/UC1ReW40NAEs6fVFk6Av97sQ?sub_confirmation=1
Views: 4 GR News
Rock Center | Restructuring Sovereign Debt in the 21st Century
 
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The Stanford Rock Center hosted a discussion on sovereign debt restructuring with two leading experts in the field: Lee C. Buchheit and Benjamin Hébert. Mr. Buchheit described where the law stands after the New York courts’ interpretation of the pari passu clause in NML Capital v. Argentina. He also outlined the contractual provisions introduced in sovereign bond documentation in response to this ruling, as well as potential restructuring strategies that sovereigns could use in the future to successfully restructure their debts. GSB Professor Hébert discussed his research, conducted with his HBS colleague Jesse Schreger, that estimates the causal effect of sovereign default on the equity returns of Argentine firms.
Views: 1108 stanfordlawschool
Cyprus euro-bond issue. By FinancialMirror.tv
 
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http://www.financialmirror.tv Road-shows across Europe to raise EUR 1 bln.
Views: 148 FinancialMirror
U.S. Banks Begin CYPRUS-Style CAPITOL CONTROLS!
 
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Find More TRUTH EXPOSED and SCANDALS UNCOVERED: http://truth.themoneygps.com ******************************************************************** The Money GPS by David Quintieri featuring Bob Chapman, James Turk, and David Morgan. Look Inside the Book!: http://book.themoneygps.com My Free eBooks: FLUORIDE: http://fluoride.themoneygps.com GMO: http://gmo.themoneygps.com VACCINES: http://vaccines.themoneygps.com Join The Money GPS Insiders: http://themoneygps.com PREPARE for the COLLAPSE: http://amazon.themoneygps.com ******************************************************************** Chase Revamps Cash Deposit Rules to Ease Money-Laundering Risks a new policy that requires customers who want to make a cash deposit to show identification and be listed on the actual account. Central Bank kicks off €1m campaign for cashless society Cyprus expected to ease capital controls almost year after €10bn bailout Sources: http://www.foxbusiness.com/industries/2014/01/14/chase-revamps-cash-deposit-rules-to-ease-money-laundering-risks/ https://twitter.com/KristenMeghan/status/435383613111013376/photo/1 http://www.independent.ie/business/irish/central-bank-kicks-off-1m-campaign-for-cashless-society-30033110.html http://www.theguardian.com/world/2014/feb/20/cyprus-ease-capital-controls-domestic-transactions-bailout
Views: 4307 The Money GPS
Hans-Werner Sinn in Brussels on Eurocrisis and Cyprus.
 
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Lecture abstract Prof. dr. Hans-Werner Sinn (Director ifo Institut Munchen) Europe in crisis European Future Lectures Series Pro Flandria. Brussels March 28th 2013 ------ The European Monetary Union is currently experiencing a serious internal balance-of-payment crisis. The so-called periphery countries, and especially Greece, are finding it difficult to finance their national budgets. Various bail-out measures have been introduced to save individual Eurozone countries from insolvency, which are collectively referred to as the "euro bail-out package". In addition to this package, however, there have been purchases of government bonds and the option for countries to help themselves via money creation, which the ECB System grants crisis-hit countries at the expense of the other euro countries. About half of Germany's net foreign wealth is now a Target claim of the Bundesbank against other central banks in Europe. To March 2013, Germany's overall exposure in the case of a cumulative default on the part of the GIPS countries, Italy and Cyprus totaled around EUR 688 billion taking all bailout packages into consideration. In the end, the ECB Council, and not German parliament, was responsible for deciding how to dispose of most of this sum. The steps taken by the ECB are not merely the side-effects of a monetary system, but are the result of a system failure, which is precluded in the US financial system where Target claims must be settled with marketable securities. In his lecture, Hans-Werner Sinn shows why this system failure poses a threat to Germany and the eurozone, and is forcing it to make concessions in negotiations over bail-out packages. Prof. dr. Hans-Werner Sinn is the President of Ifo Institute for Economic Research (Munich). His books include "Can Germany be Saved? The Malaise of the World's First Welfare State", MIT Press (2007) and "The Green Paradox", (2012). The British newspaper The Independent named Sinn among the ten most important people who changed the world in 2011 and the German Business weekly WirtschaftsWoche placed him in the No. 1 position among the "Most Important Economist in the Country." As Germany's most influential economist, Hans-Werner Sinn voice is of major importance in the discussion about the institutionalization of European solidarity.
Views: 9052 ProFlandriaLectures
Greek Debt Crisis - Explained In 3 Minutes - Clarke & Dawe MUST SEE Video
 
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Greek Debt Crisis - Economy Explained - Do something about it today http://CheapestBullion.co.uk - Click Now and discover how to buy the cheapest bullion and get free silver! "Nico Nomist" Originally aired on ABC TV's 7.30: 14/07/2011 http://www.twitter.com/mrjohnclarke http://www.facebook.com/ClarkeAndDawe From Wiki: The Greek government-debt crisis is one of a number of current European sovereign-debt crises.[1]. In late 2009, fears of a sovereign debt crisis developed among investors concerning Greece's ability to meet its debt obligations due to strong increase in government debt levels.[2][3][4] This led to a crisis of confidence, indicated by a widening of bond yield spreads and the cost of risk insurance on credit default swaps compared to the other countries in the Eurozone, most importantly Germany.[5][6] The downgrading of Greek government debt to junk bond status in April 2010 created alarm in financial markets, with bond yields rising so high, that private capital markets practically were no longer available for Greece as a funding source. On 2 May 2010, the Eurozone countries and the International Monetary Fund (IMF) agreed on a €110 billion bailout loan for Greece, conditional on the implementation of austerity measures. In October 2011, Eurozone leaders agreed to offer a second €130 billion bailout loan for Greece, conditional not only the implementation of another austerity package, but also that all private creditors holding Greek government bonds should sign a deal accepting a 53.5% face value loss. This proposed restructure of all Greek public debt held by private creditors, which constituted a 58% share of the total Greek public debt, would according to the bailout plan reduce the overall public debt burden with roughly €110 billion. A debt relief equal to a lowering of the debt-to-GDP ratio from a forecasted 198% in 2012 down to roughly 160% in 2012, with the lower interest payments in subsequent years combined with the agreed fiscal consolidation of the public budget and significant financial funding from a privatisation program, expected to give a further debt decline to a more sustainable level at 120.5% of GDP by 2020. For more info got to: http://en.wikipedia.org/wiki/Greek_government-debt_crisis http://www.TheMintBuilder.com - Click Now and discover how to buy the cheapest bullion and get free silver! http://www.youtube.com/user/WhereToBuySilverNow Original video http://www.youtube.com/watch?v=rK0De210TBQ Video SEO: http://www.youtube.com/user/VideoSeoServices http://www.videoseoservices.com For all your video seo services Greek Debt Crisis
Views: 88872 Cheapest Bullion
Golden Visa Cyprus / Fast track citizenship Cyprus
 
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This video summarizes the options to get a residence permit and citizenship in Cyprus. Golden Visa Europe or Investor Visa - We show you the relevant information how to obtain an investor visa for several States in Europe incl. Spain, Portugal, Latvia, Malta and more in a clear and understandable way. Terms differ from country to country, but basically you need to invest either in real estate, government bonds and / or companies to obtain a Visa for up to 5 years. The investment could be as low as 150.000 Euro in some states + fees. Most big countries offer you the possibility to obtain a Golden Visa / Investor Visa (or so-called residency visa, golden resident, real estate visa) with an invest of around 500.000 Euro + fees. The Golden Visa usually allows you to travel to the Schengen Visa countries (26) all over Europe incl. Germany! http://golden-visa-europe.com/golden-investor-visas-in/golden-visa-cyprus/
Views: 1889 Golden Visa Europe
Cyprus exit risk real, as Eurogroup more sanguine this time - Analyst
 
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CYPRUS EXIT RISK REAL, AS EUROGROUP MORE SANGUINE THIS TIME - ANALYST Cyprus's parliament rejected a plan yesterday to tap on bank deposits to raise 5.6 billion euros as part of a bailout. Lawmakers are now trying to come up with a plan B. Cyprus needs to come up with one, as the Eurogroup seems more willing to let a country go this time, says Daiwa Capital Markets Euro Area Economist Tobias Blattner. SHOWS: LONDON, ENGLAND, UK (REUTERS - ACCESS ALL) (MARCH 21, 2013) 1. DAIWA CAPITAL MARKETS TOBIAS BLATTNER, SAYING: "(Question: What do you think of Plan B? Is there anything workable here out of Cyprus?) Oh I mean for sure, at least they are struggling I think to come up with a plan. I think that meets the criteria of the Eurogroup, namely that you have to have something that is debt sustainable, that is debt-neutral. And that, I think, looks very, very difficult because the only viable plan was actually that Russia, the Russian government will take a stake in one of the country's largest lenders. I think that seems to be a non-viable solution for now. The Russians don't want to do that. And so all of the other rumors that we have, we have plenty of them, of course but I think, for example, that they will set up a domestic fund that will then issue government bonds that would be bought by domestic institutions. That again raises of course the issue of debt sustainability. So it seems very, very difficult for the Cyprus government to come up with something. (Question: What do you guys at Daiwa think? Is the previously unthinkable now likely to happen, i.e., an expulsion of a country from the Eurozone by the ECB, by Germany, whoever?) I think if we look at how the crisis has been handled in the first place, if we look at the most recent comments that we see from representatives of the troika, of the Eurogroup, then yes, it really suggests that this time, the Eurogroup will be more willing to let potentially a country go if it doesn't stick to the plan. And they have put in place measures that contain contagion most notably the OMT, of ...
Views: 134 Market Screener
Cyprus approves Hellenic Bank buyout of Cooperative Bank
 
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Cyprus approves Hellenic Bank buyout of Cooperative Bank NICOSIA, Cyprus –  The finance minister of Cyprus says the government has approved Hellenic Bank's multibillion-euro offer to take over the island nation's troubled Cooperative Bank. Finance Minister Harris Georgiades said that under the in-principle deal reached Friday, Hellenic Bank will manage 9.7 billion euros ($11.25 billion) worth of client deposits. Hellenic, which also is based in Cyprus, will also absorb 10.3 billion euros ($12 billion) in assets — including loans, bonds and cash — and ... ----------------------------- Don't forget Subscribe: https://www.youtube.com/channel/UC1ReW40NAEs6fVFk6Av97sQ?sub_confirmation=1
Views: 12 GR News
Confidence in Cyprus | Authers' Note
 
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► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs Foreign exchange markets celebrated the announcement of eurozone QE by pushing the euro to a fresh low against the dollar. John Authers suggests that disappointing US jobs data might now have a sharply negative impact on the dollar. ► Authers’ Note: http://bit.ly/1Liu16x ► FT Markets: http://bit.ly/1J5HNd3 ► Will ECB launch full QE?: http://bit.ly/1d3U0Au Twitter https://twitter.com/ftvideo Facebook https://www.facebook.com/financialtimes
Views: 526 Financial Times
Cyprus financial crisis : Cyprus Faces Looming Bankruptcy
 
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Efforts continue to find a way out of Cyprus's financial crisis. Lawmakers met for most of the day to discuss a fund involving contributions from the orthodox church and pension funds. Cyprus has a population of just over 1 million. Its economy represents less than 0.5 per cent of the wider eurozone economy. But the financial crisis in the tiny island nation could have global implications. Like its near-neighbour Greece, Cyprus is broke. Its banking system is insolvent. Cyprus has a large banking sector -- about five times the size of the nation's GDP -- and its banks had lent heavily abroad. As the global financial crisis unfolded, Cypriot banks suffered major losses, much of it on Greek government bonds and through exposure to Greek banks. As a result the Cypriot banking system needs at least 10 billion euros ($12.4bn) in new capital. The Cypriot state is also in a fiscal crisis. It needs at least 7 to 8 billion euros in additional funds to meet its public debts, or the nation will default. Read More... : http://www.abc.net.au/news/2013-03-22/explainer-behind-the-cyprus-financial-crisis/4588736
Views: 1469 mychannel2050
Alex Jones - Cyprus Banking Crisis: EU Steals Nations Private Bank Accounts
 
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Alex Jones - Cyprus Banking Crisis: EU Steals Nations Private Bank Accounts This is only the start of the globalist war on humanity. This is agenda 21, the planed destruction of wealth and prosperity. [As of right now, citizens of Cyprus are scrambling to withdraw funds from their bank accounts after the EU, with agreement from the Cypriot government, announced they will decimate funds held in personal bank accounts to the tune of up to 10% of existing deposits.] Over the last few years political and financial leaders in Europe and the United States have implemented policies, regulations and bailouts costing global taxpayers trillions of dollars with the promise that these measures would lead to economic growth and recovery. What happened in Europe today is yet further proof that nothing they've done has fixed the underlying fundamental issues surrounding the events that led to the crash of 2008. For those who don't believe the government is prepared to take extreme measures that may include the seizing of retirement accounts, cash savings or even gold, look no further than Cyprus, the latest recipient of bank bailouts. As of right now, citizens of Cyprus are scrambling to withdraw funds from their bank accounts after the EU, with agreement from the Cypriot government, announced they will decimate funds held in personal bank accounts to the tune of up to 10% of existing deposits. You read that right. The European Union has made the determination that the people of Cyprus are now responsible for the hundreds of billions of dollars in bad bets made by their government and bank financiers, and they are moving to confiscate money directly from the bank accounts of every citizen in the country. Restrictions have been imposed to stop people emptying their accounts or moving their money out the country after the Cypriot government announced that up to ten per cent of deposits will be seized and used to bailout the island's crisis-hit banking system. The deal with other eurozone finance ministers is the first time that ordinary citizens' deposits have been directly raided in this way. ... One furious expat said: 'This is plain theft. I'd love to hear someone explain to me why it isn't.' ... Under the deal, all bank deposits over €100,000 will be hit with a levy of 9.9 per cent. Those with smaller savings will pay 6.75 per cent. ... The move sparked panic and violent protests yesterday as crowds desperately tried to withdraw their money at cash machines. ... 'Why would you risk putting your money in Greek, Spanish or Portuguese banks after this?' British expats were stunned by the news, with many left high and dry by the restrictions on accounts. Cash machines had been working, but many ran out of notes because of the panic withdrawals. ... But financial experts said the raid -- designed to stop Cyprus crashing out of the euro, potentially destroying the currency -- would send shock waves through the eurozone. If savers in other troubled nations fear their accounts might be next, they could withdraw their money and spark a catastrophic run on the banks. They're calling it a "tax." As Market Ticker's Karl Denninger notes, "Like hell that's a tax. That's direct confiscation of the funds of people who did nothing wrong!" It should now be obvious. There is no recovery. There never was. No matter where you live, your government is likely preparing measures to deal with the coming financial and economic collapse. This means they are going to be coming for anything of value that they can get their hands on. If you have the majority of your net worth allocated in bank accounts, money market funds, retirement plans, stock markets or the host of other 'safe' assets recommended by your financial adviser, then you are playing Russian roulette. And in this version there's a bullet in every chamber. When they come, they will take everything they can. READ AT: http://www.infowars.com/confiscation-panicked-europeans-rush-atms-as-leaders-move-to-seize-funds-directly-from-bank-account-holders/
Views: 1945 Conspirafied0
Yahoo! Finance News - U.S. Securities and Exchange Commission, Bank of Italy, Cyprus, Congress
 
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UBS in settlement talks with SEC over mortgage bond deal UBS AG is in talks with the Securities and Exchange Commission to settle allegations the bank defrauded investors in a mortgage bond deal that soured during the financial crisis, the Wall Street Journal ... http://us.rd.yahoo.com/finance/news/rss/story/SIG=14h58m50p/*http%3A//us.rd.yahoo.com/finance/news/topfinstories/SIG=12e4r54tk/*http%3A//finance.yahoo.com/news/ubs-settlement-talks-sec-over-145104232.html?l=1 Bank of Italy warns political impasse dents economic recovery Italy's political stalemate and renewed financial market turbulence could undermine the country's recovery from its longest recession in two decades, a Bank of Italy official said on Saturday. Italian ... http://us.rd.yahoo.com/finance/news/rss/story/SIG=14m7s68nn/*http%3A//us.rd.yahoo.com/finance/news/topfinstories/SIG=12j3np6af/*http%3A//finance.yahoo.com/news/bank-italy-warns-political-impasse-124001953.html?l=1 Tiny Cyprus Matters to Europe At barely one million inhabitants, Cyprus' population is minuscule. Yet what is happening in Cyprus could have enormous implications for Europe?s economic future and for the very survival of the euro itself. http://us.rd.yahoo.com/finance/news/rss/story/SIG=1504ev1uo/*http%3A//us.rd.yahoo.com/finance/news/topfinstories/SIG=12tke0k8u/*http%3A//finance.yahoo.com/blogs/the-exchange/why-tiny-cyprus-matters-europe-183548239.html?l=1 Congress Thwarts Post Office?s Plan to Eliminate Saturday Delivery In a setback to the United States Postal Service's cost-saving efforts, Congress has passed legislation requiring a six-day postal service delivery schedule. http://us.rd.yahoo.com/finance/news/rss/story/SIG=15vbrfso1/*http%3A//us.rd.yahoo.com/finance/news/topfinstories/SIG=13s52f4pk/*http%3A//finance.yahoo.com/blogs/daily-ticker/congress-thwarts-post-office-plan-eliminate-saturday-delivery-162337107.html?l=1 http://www.wochit.com
Views: 105 Wochit Business
Arrivals for meeting of Party of European Socialists
 
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(28 Jun 2012) Cyprus President Demetris Christofias said on Thursday his country may possibly use Russian and Chinese bailout money as well as EU financial aid at a European Socialist meeting in Brussels, prior to crucial EU economic summit later in the day. Christofias' statement came as plans were being firmed up by the European Commission, the European Central Bank and the International Monetary Fund to assess how much money Cyprus will need to prop up its banks and flagging economy. "It's not a sin, let me say, to have the assistance of the Union at the same time as the assistance of the Russians or the Chinese," Christofias said. Cypriot officials say a loan from another country would strengthen the country's hand in negotiations with the EU on the kind of austerity measures required. Cyprus government spokesmen said on Tuesday that clinching an outside loan will have a direct bearing on how much EU bailout money will ask for. ECB, IMF and EC officials have been planning to carry out an in-depth study into the Cypriot banking system and economy to calculate how much the country will need. The eurozone welcomed Cyprus' request for financial aid, saying that it is confident negotiated austerity measures would help the country return to a path of "sustainable growth." Cyprus, which began using the euro in 2008, needs 1.8 (b) billion euros (2.25 (b) billion US dollars) to help recapitalise Cyprus Popular Bank, its second largest lender that suffered the biggest losses from the writedown of Greek government bonds. But on Wednesday, Bank of Cyprus - the island's largest - said it would ask the government for 500 (m) million euros (621 (m) US dollars) in "temporary support" to help it meet is own recapitalisation targets. Arriving at the same meeting, Austrian Chancellor Werner Faymann said that Europe has to take steps towards mutualisation of the debt because if not, "those who have a very low debt now will have to pay for the others if the others go bankrupt." Martin Schulz, President of the European Parliament, also announced he will push for "an inter-institutional agreement between Council, Commission and Parliament for immediate action on growth and employment." Eurobonds, Greece, Cyprus, Spanish banks and ways to create growth in the EU are among the topics of the day at the economic summit. Yet expectations of a breakthrough on the explosive issue of pooling government debt seem to have fallen by the wayside. German Chancellor Angela Merkel, who has resolutely opposed the issuing of mutual debt, known as eurobonds, is the woman to watch, fear or confront at the two-day summit. Many leaders have backed the idea of eurobonds as a key way of fixing the eurozone's problems as they would spread debt risk, lowering indebted countries' borrowing rates. But Merkel has been reluctant to expose her country to new costs, and is concerned eurobonds may minimise the pressure on countries like Greece and Spain to reform their economies. You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/acba39ad15f610c3f29dd8e214853cae Find out more about AP Archive: http://www.aparchive.com/HowWeWork
Views: 18 AP Archive
Is Moody's WARNING Of A CRASH? - Massive Wave Of Junk Bond Defaults Ahead!
 
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Josh Sigurdson talks with author and economic analyst John Sneisen about Moody's most recent warning as the credit rating agency claims there is likely a large wave of junk bond defaults ahead. We have seen the level of global non-financial companies rated as speculative or junk rise 58% since 2009, the largest proportion in history! We've also seen a 49% increase in debt for U.S. companies as well as the rise of share buybacks which are becoming more prevalent and more risky by the day. Moody's warnings should not be taken in stride. The agency only issues warnings when they absolutely have to and cannot put off the bad market sentiment any longer. They can only cover up so long until it becomes obvious. For their own good, they have to look like a serious credit rating agency when the markets tank, so they can say "I told you so." According to Moody's, the low interest rates and obsession with yield has lead to companies issuing mounds of debt that in comparison offer low levels of protection for investors. They warn that when economic conditions worsen, the outlook won't be so benign. We haven't seen this level of concern since 2008, and there's a reason for that. Nothing has changed since 2008. Well, actually scratch that... things have gotten WORSE since 2008. We never saw a recovery, we simply saw perpetuation. Putting off the crisis a bit longer, leading to far more pressure build-up and centralization run amok. Now, when it comes down, it'll come down that much harder and it'll be as if no one ever learned. If we want to stop the circular havoc, we as individuals need to support the individual's demand of their currency, the free market. Not bank and government centralization leading to massive downfalls. How many times do we need to go through this. Of course the fundamentals are off the table due to the level of manipulation in the monetary system as well as the markets, so we cannot put a date on the crash, but we know it has to happen inevitably and so we must prepare and understand the repeated problems. Self sustainability and individual responsibility are simply the most necessary ways to protect ourselves against this market and monetary calamity. Individuals must do their own due diligence and come out of this problem, strong and independent. Stay tuned for more from WAM! Video edited by Josh Sigurdson Featuring: Josh Sigurdson John Sneisen Graphics by Bryan Foerster and Josh Sigurdson Visit us at www.WorldAlternativeMedia.com LIKE us on Facebook here: https://www.facebook.com/LibertyShallPrevail/ Follow us on Twitter here: https://twitter.com/WorldAltMedia FIND US ON STEEMIT: https://steemit.com/@joshsigurdson BUY JOHN SNEISEN'S LATEST BOOK HERE: Paperback https://www.amazon.com/dp/1988497051/ref=zg_bs_tab_pd_bsnr_2?_encoding=UTF8&psc=1&refRID=ZBK6VTXQRA2F77RYZ602 Kindle https://www.amazon.ca/dp/B073V5R72H/ref=sr_1_1?s=digital-text&ie=UTF8&qid=1500130568&sr=1-1 DONATE HERE: https://www.gofundme.com/w3e2es Help keep independent media alive! Pledge here! Just a dollar a month can help us stay on our feet as we face intense YouTube censorship! https://www.patreon.com/user?u=2652072&ty=h&u=2652072 BITCOIN ADDRESS: 18d1WEnYYhBRgZVbeyLr6UfiJhrQygcgNU https://anarchapulco.com/buy-your-tickets/ Use Promo Code: wam to save on your tickets! World Alternative Media 2018 "Find the truth, be the change!"
Cyprus economy contracts 6% in 2013
 
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The economic Adjustment Program of Cyprus is going along its course, and the government budget figures are better than expected, a team of international experts reported on Tuesday, while still warning about the existence of significant risks. According to Reuters, last year, the Mediterranean island became the fifth country of the euro zone to seek financial support from the European Union and the International Monetary Fund after it lost billions of euros on Greek bonds.
Views: 16 Kazakh TV
The Eurozone Debt Crisis
 
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Professor Cameron is the Director of the Yale Program in European Union Studies. He teaches courses on European politics and the European Union. He discusses the on-going eurozone debt crisis which began three years ago, shortly after a newly-elected government in Greece announced that the budget deficit would be much larger than the previous government had predicted.
Views: 5151 YaleUniversity
Browder Strikes Again   Danske and Cyprus Under Siege
 
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Dankse Accused of Money Laundering for Russia https://www.bloomberg.com/news/articles/2018-07-03/danske-may-have-been-used-to-launder-8-3-billion-berlingske Stakes Rise in Browder-Gate – EU Threatens Cyprus with Article 7 https://tomluongo.me/2018/09/15/stakes-rise-browder-gate-eu-threaten-cyprus-article-7/ https://tomluongo.me/2018/05/01/russian-bonds-toxic-waste-golden-eggs/ ABLV Implosion the work of U.S. https://russia-insider.com/en/washington-just-blew-latvian-bank-part-its-financial-war-russia/ri22713 Putin Calls out Browder in Helsinki Outro Music: Couldn't Stand the Weather, by Stevie Ray Vaughn Support my work on Patreon: http://www.patreon.com/goldgoatsnguns Twitter: www.twitter.com/tfl1728 Blog: www.tomluongo.me
Views: 1948 Tom Luongo
Archbishop Chrysostomos II meets President Anastasiades for talks
 
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SHOTLIST 1. Wide of Cyprus' Orthodox Christian church Archbishop Chrysostomos II and Cypriot President Nicos Anastasiades 2. Close of Anastasiades 3. Wide of Chrysostomos II and Nicos Anastasiades 4. Close of Archbishop of Cyprus 5. Mid of Chrysostomos II and Nicos Anastasiades STORYLINE The head of Cyprus' influential Orthodox church Archbishop Chrysostomos II said on Wednesday that he will put the church's assets at the country's disposal to help pull it out of a financial crisis, after lawmakers rejected a plan to seize up to 10 percent of people's bank deposits to secure an international bailout. Speaking after meeting President Nicos Anastasiades on Wednesday in the Nicosia, Chrysostomos said the church was willing to mortgage its assets to invest in government bonds. The church has considerable wealth, including property, stakes in a bank and a brewery. Tuesday's rejection of the deposit tax has left the future of the country's international bailout in question. Cyprus needs 15.8 (b) billion euros (20.4 (b) billion US dollars) to bail out its banks and shore up government finances to avoid default and a potential exit from the European joint currency. If it doesn't get the money, the banks could fail, Cyprus' government finances could be ruined for years and the country could face expulsion from the union of 17 countries that use the euro. You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/a716d73dffad0a1209e1986502c91b1f Find out more about AP Archive: http://www.aparchive.com/HowWeWork
Views: 111 AP Archive
Are the Bond Vigilantes Coming Out of Hibernation?
 
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In this report I cover the early market action from London on Monday, November 13th, 2017. I also look closely at the bond market and whether we are at a turning point in terms of interest rates. Donations: BITCOIN: 14DUCdB6ZPP3su12VeN1BxWgvMHjAVZJSH ETHEREUM: 0x5CecA7DB267169Ca6821edADC0baB80b346Ce6c0 LITECOIN: LfzXFonEWKNjAjAEEqK6oRRLE9PQ5zx2ec https://www.paypal.me/maneco64 https://www.patreon.com/user?u=3730528
Views: 2295 maneco64
Debt crisis: Spain and Italy under pressure
 
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In the midst of the worsening euro zone debt crisis Spain has survived a crucial test of its ability to sell government bonds. With the financial markets worried that the euro zone's fourth biggest economy could be the next to need a bailout Madrid managed to find buyers for 3.3 billion euros worth of bonds but had to pay a hefty - and unsustainable - rate of interest. Worries about Spain going the same way as Greece, Portugal and Ireland pulled down shares in Madrid nearly four percent with those falls mirrored around Europe. ... http://www.euronews.net/
Views: 1363 euronews (in English)
Chrysostomos II says church assets at disposal of state to prevent collapse
 
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SHOTLIST 1. Close of of Cyprus' Orthodox Christian church Archbishop Chrysostomos II 2. Wide of Archbishop Chrysostomos II and Cypriot President Nicos Anastasiades seated during meeting 3. Mid of Chrysostomos II and Nicos Anastasiades 4. SOUNDBITE (Greek) Archbishop Chrysostomos II: "We have told them, that the church will (offer its) support. All small cities, all villages, and churches, all the monasteries will provide their assets, and we have assured them that all the assets belonging to the church are at the disposal of our people so that they won't collapse financially." 5. Close up cutaway of cameraman 6. Mid tracking shot of Archbishop Chrysostomos II getting into vehicle 7. Wide of Archbishop Chrysostomos II leaving in vehicle outside of President's office STORYLINE The head of Cyprus' influential Orthodox church Archbishop Chrysostomos II said on Wednesday that he will put the church's assets at the country's disposal to help pull it out of a financial crisis, after lawmakers rejected a plan to seize up to 10 percent of people's bank deposits to secure an international bailout. Speaking after meeting President Nicos Anastasiades on Wednesday in the Nicosia, Chrysostomos said the church was willing to mortgage its assets to invest in government bonds. The church has considerable wealth, including property, stakes in a bank and a brewery. Tuesday's rejection of the deposit tax has left the future of the country's international bailout in question. Cyprus needs 15.8 (b) billion euros (20.4 (b) billion US dollars) to bail out its banks and shore up government finances to avoid default and a potential exit from the European joint currency. If it doesn't get the money, the banks could fail, Cyprus' government finances could be ruined for years and the country could face expulsion from the union of 17 countries that use the euro. "All small cities, all villages, and churches, all the monasteries will provide their assets, and we have assured them that all the assets belonging to the church are at the disposal of our people," Chrysostomos told reporters after his meeting with President Anastasiades. Cypriot officials are holding a series of meetings on Wednesday to find a new plan to stave off bankruptcy. The proposals are said to aim at alternative ways to raise funds, while reducing the 5.8 (b) billion euros (7.5 (b) billion US dollars) that must be found domestically. The Troika formed by the European Commission, the European Central Bank and the International Monetary Fund pledged 10 (b) billion euros if the Cypriots found a way of raising the rest of the money by themselves. You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/92c85454a74fe623c0298e27743d5508 Find out more about AP Archive: http://www.aparchive.com/HowWeWork
Views: 86 AP Archive
Tea Association 1
 
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The Tea Association meeting was held yesterday 28th of March 2019 at St. Rafael Hotel in Limassol Cyprus. More than 730 Chinese people attended this event taking also a chance to visit Cyprus and enjoy the beauty and the culture of the island. It was a nice gathering interesting for both the Chinese and the Cypriots who attended the event. There were Cyprus politicians, Government members and Limassol City officials who also addressed the event welcoming the Tea Association members in Cyprus. Everyone stated the strong bonds between China and Cyprus and the prospects of further cooperation in all fields of economy, business and culture as well. At the end everybody expressed their willing to repeat such events in Cyprus and even explore new fields of collaboration such us tourism. China and Cyprus are having political and cultural relations for almost 50 years now and there is a strong friendship between the two nations. Cyprus has become an interesting hub for business and a gateway for Europe for the Chinese businessmen and investors the last years. The hosts of the event were the Hangjia Tea Association and Cyprus-China Culture & Communications Association (CCCA) ,Nikhi Cultural & Tourism Co. A.K&A, PEGAS and OUSAI properties also tried their best to provide the all-round service.
Views: 12 CCN RADIO CYPRUS
European Debt Crisis - Economic Collapse In 3 Minutes - Clarke & Dawe MUST SEE Video
 
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European Debt Crisis - World Economy Explained - Do something about it today http://CheapestBullion.co.uk - Click Now and discover how to buy the cheapest bullion and get free silver! http://www.youtube.com/user/WhereToBuySilverNow - http://www.mrjohnclarke.com "Roger, Financial Consultant" Originally aired on ABC 7:30 Report, 20/05/2010 http://en.wikipedia.org/wiki/European_sovereign-debt_crisis The European sovereign debt crisis is an ongoing financial crisis that has made it difficult or impossible for some countries in the euro area to repay or re-finance their government debt without the assistance of third parties.[3] From late 2009, fears of a sovereign debt crisis developed among investors as a result of the rising private and government debt levels around the world together with a wave of downgrading of government debt in some European states. Causes of the crisis varied by country. In several countries, private debts arising from a property bubble were transferred to sovereign debt as a result of banking system bailouts and government responses to slowing economies post-bubble. In Greece, unsustainable public sector wage and pension commitments drove the debt increase. The structure of the Eurozone as a monetary union (i.e., one currency) without fiscal union (e.g., different tax and public pension rules) contributed to the crisis and harmed the ability of European leaders to respond.[4][5] European banks own a significant amount of sovereign debt, such that concerns regarding the solvency of banking systems or sovereigns are negatively reinforcing.[6] Concerns intensified in early 2010 and thereafter,[7][8] leading Europe's finance ministers on 9 May 2010 to approve a rescue package worth €750 billion aimed at ensuring financial stability across Europe by creating the European Financial Stability Facility (EFSF).[9] In October 2011 and February 2012, the eurozone leaders agreed on more measures designed to prevent the collapse of member economies. This included an agreement whereby banks would accept a 53.5% write-off of Greek debt owed to private creditors,[10] increasing the EFSF to about €1 trillion, and requiring European banks to achieve 9% capitalisation.[11] To restore confidence in Europe, EU leaders also agreed to create a European Fiscal Compact including the commitment of each participating country to introduce a balanced budget amendment.[12][13] European policy makers have also proposed greater integration of EU banking management with euro-wide deposit insurance, bank oversight and joint means for the recapitalization or resolution of failing banks.[14] The European Central Bank has taken measures to maintain money flows between European banks by lowering interest rates and providing weaker banks (mostly from crisis countries) with cheap loans of more than one trillion Euros. To address the deeper roots of economic imbalances most EU countries agreed on adopting the Euro Plus Pact, consisting of political reforms to improve fiscal strength and competitiveness. This has forced weaker countries to draw up ever more austerity measures to bring down national deficits and debt levels. Such non-Keynesian policies have been criticized by various economists, many of which called for a new growth strategy based on additional public investments, financed by growth-friendly taxes on property, land, wealth, and financial institutions, most prominently a new EU financial transaction tax. EU leaders have agreed to moderately increase the funds of the European Investment Bank to kick-start infrastructure projects and increase loans to the private sector. Furthermore, weaker EU economies were asked to restore competitiveness through internal devaluation, i.e. lowering their relative production costs.[23] It is hoped that these measures will decrease current account imbalances among Euro-zone member states and gradually lead to an end of the crisis. The crisis has had a major impact on EU politics, leading to power shifts in several European countries, most notably in Greece, Ireland, Italy, Portugal, Spain, and France. Discover how to buy the cheapest bullion, the best collectables, and get free silver! Visit: http://www.TheMintBuilder.com http://www.youtube.com/user/WhereToBuySilverNow http://www.youtube.com/watch?v=I5QwKEwo4Bc Video SEO: http://www.youtube.com/user/VideoSeoServices http://www.videoseoservices.com For all your video seo services European Debt Crisis
Views: 86838 Cheapest Bullion
🇺🇦 The Oligarchs l Al Jazeera Investigations
 
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Aljazeera’s Investigative Unit unravels a high-stakes international plot hatched by powerful Eastern European oligarchs to make millions of dollars from a crooked deal. According to one Ukrainian analyst: “It sounds like an agreement between criminal bosses. You can sign it with your blood.” The scheme involves using a web of offshore companies and international lawyers to raid US$160 million dollars under the noses of the authorities. The money is effectively being stolen for a second time… the funds were initially frozen by Ukraine’s courts after its former president, Viktor Yanukovych, was discovered to have emptied the country’s treasury. The Oligarchs include an exiled gas billionaire guarded by Russian special forces, a Moscow property magnate and an Olympic show jumper on the run from Ukrainian authorities. The investigation shines light on the ever shifting battle between the oligarchs and global financial regulators. Subscribe to our channel http://bit.ly/AJSubscribe Follow us on Twitter https://twitter.com/AJEnglish Find us on Facebook https://www.facebook.com/aljazeera Check our website: http://www.aljazeera.com/ #AlJazeeraEnglish #TheOligarchs #AlJazeeraInvestigations
Views: 352205 Al Jazeera English
ECB / Euro : Mario Draghi's pledge on low interest rates hits euro, lifts bonds
 
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The euro fell, stocks extended gains and bond yields pulled off their highs on Thursday, after ECB boss Mario Draghi reaffirmed a commitment to keep interest rates low “through” next summer, even though he saw inflation picking up by the end of the year. After the European Central Bank, as expected, kept interest rates on hold, Draghi told reporters inflation uncertainty was receding, though he cautioned it was “too early to call victory”. He also sounded an optimistic note on euro-area economic growth, saying it remained “solid and broad-based”. The euro, which had inched higher following Draghi’s optimistic comments on growth and inflation, eased to a session-low of $1.16525 after Draghi reiterated interest rates would stay low for a while yet. The single currency stood 0.55 percent down on the day, while European stocks extended gains after Draghi spoke to trade 0.8 percent higher. Government bond yields, meanwhile, trimmed rises on confirmation of the low rate outlook.
Views: 411 ProductiehuisEU
REVEALED: How much money 'German banks REALLY earned from Greek debt crisis'
 
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REVEALED: How much money 'German banks REALLY earned from Greek debt crisis' GERMAN banks have made billions in interest payments on Greek bonds since 2010 after the country's debt crisis led its economy to collapse and threatened the future of the wider eurozone, it can be revealed. Greece is now slowly recovering as investment sentiment improves and exports rise, the International Monetary Fund (IMF) claimed on Tuesday. After the first post-financing programme consultation with Athens, the IMF’s executive board said: “The economic recovery in Greece is accelerating and broadening. “A gradual recovery in private deposits has facilitated further relaxation of capital flow management measures, though bank lending remains negative.” Since 2010, the EU and the IMF have granted more than €300billion (£255bn) in bailout loans to Greece and imposed hard fiscal terms on the country. The bailout forced Athens to meet strict budgetary targets and receive frequent inspections. This meant that the Mediterranean country suffered the longest recession of any advanced capitalist economy to date. Newly resurfaced figures reveal that Germany, a leading nation in the Greek bailouts, has earned huge sums in interest payments since the crisis. In 2010, eurozone countries bought €210bn of government paper, including Greek bonds, in order to provide greater liquidity to the EU's banks as the Greek debt crisis unfolded. According to figures obtained from Angela Merkel's government by Germany’s Green Party in 2018, Germany received €2.9billion (£2.5bn) in interest payments on Greek bonds that were bought through a now-defunct bond-buying programme. Germany also received a total of €400m (£341m) on a loan from the KfW Development Bank. The original agreement between Berlin and Athens was for any interest earned on the bonds to be paid back to Greece when it fulfilled its reform obligations. However, Germany repaid €527m (£449m) of interest payments to Athens in 2013 and €387m (£330) in 2014. After Greece’s second bailout programme was agreed in 2015, those repayments stopped, and Berlin accumulated the ongoing interest. Therefore, Germany is reportedly €2.5bn (£2.1bn) in profit, plus interest of €400m (£341m) on a loan from the KfW development bank. Sven-Christian Kindler, a Green MP, said in 2018 that Germany had “massively profited from the crisis in Greece”. He said: “It cannot be the case that the German government consolidates the German budget with billions in Greek interest profits. “Greece needs air to breath and room for manoeuvre for investments and fighting poverty in the country." Not long after the German government released the figures, eurozone countries agreed to the long-awaited debt relief deal for Athens in June 2018. The deal gave Athens more time to repay the loans and extended a grace period during which no interest would be taken. EU Economic Affairs Commissioner Pierre Moscovici said at the time that the agreement meant "the Greek crisis ends here". Greece successfully exited the bailouts on August 20, 2018.
Views: 57 Vigorously Live
S&P 500 Futures Initial Balance 3.28.2013
 
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(Reuters) - The benchmark S&P 500 stock index set a record closing high while the euro rose from a four-month low as banks in Cyprus reopened to relative calm on Thursday after the island's controversial bailout that taxed large depositors. Stocks rose on Wall Street, the S&P closing at 1,569.19, surpassing the previous record high on Oct. 9, 2007. The market for riskier assets got a lift when the mass panic some feared would ensue when banks reopened in Cyprus after a forced closure lasting nearly two weeks did not occur. The banks opened with tight capital controls in place to keep depositors from withdrawing all their money. "Banks had a fairly orderly opening in Cyprus and German consumer spending was positived," said Quincy Krosby, market strategist at Prudential Financial in Newark, with more than $1 trillion in assets under management. "That set the tone that allowed European markets to climb which set the stage for the S&P 500 to climb to a new high in intraday trading, despite the fact that much of the U.S. economic data that came out today was below consensus expectations." The euro rebounded from a recent four-month low against the dollar as month- and quarter-end flows had investors covering bets against the euro. But the euro lost ground during the quarter and analysts saw Thursday's move up as tenuous. The euro, which has dropped around 2.0 percent over the last couple of weeks, rose above $1.28 on Thursday, up from a four-month low against the U.S. dollar and a one-month low against the yen TREASURIES PARADOX Uncertainty has been amplified by an unexpected rise in German unemployment in March and the lack of a government in Italy following inconclusive elections. Germany's unemployment rise was countered by stronger retail sales and a surprise rebound in Italian business confidence. European stock markets shrugged off early nerves though as the calm in Cyprus was reported. With benchmark stock indexes in London, Frankfurt and Paris all higher, the FTSEurofirst 300 rose 0.4 percent. Most U.S. Treasuries and German government bonds - assets that investors turn to for safety - slipped. Benchmark 10-year Treasury notes were steady in late trade, yielding 1.85 percent. The Treasury's $29 billion sale of seven-year Treasury notes got a fairly weak reception. "This is the end of the month," Krosby noted. "Although most of the window dressing has taken place, you probably had a bit of window dressing from portfolio managers and especially hedge funds today." Typically, however, when stocks rise, Treasuries might beat a more decided retreat. Instead, they were only narrowly lower. Some analysts are perplexed as to why the 10-year Treasury note price has fallen back in the face of the upward move in stocks, Krosby said. "People wonder what the Treasury market sees that the equity market doesn't," she said. "With the S&P 500 stock index hitting new highs, you'd think the 10-year would match that confidence in the equity market by selling off. But it hasn't." Treasuries stayed in negative territory after the U.S. government raised its reading on U.S. economic growth in the fourth quarter of 2012, while reporting a bigger-than-expected rise in weekly jobless claims in the latest week. Gold slipped below $1,600 an ounce on Thursday, as banks reopened in Cyprus without panic, sapping demand for low-risk assets. Gold hit a one-month high of $1,616.36 last week on concerns the $10 billion euro rescue deal for Cyprus, which will leave big depositors and private bondholders with huge losses, could become a template for future bank bailouts in the euro zone. Gold slipped below $1,600 as banks reopened in Cyprus, priced at $1,596.31 an ounce by 1945 GMT. Spot prices were still set for a one percent gain in March, their first monthly rise in six months. U.S. gold futures dropped 0.64 percent to $1,596.00 an ounce. U.S. crude futures hovered above $96 a barrel. NYMEX crude for May delivery was up 51 cents at $97.09 a barrel by 1950 GMT. London Brent crude for May delivery rose 28 cents to $109.97 a barrel, but posted a loss of $1.09, or 0.9 percent, for the quarter.
Views: 91 dWbstreet
Central banks respond to crisis challenge - economy
 
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http://www.euronews.com/ Japan is the latest central bank to take dramatic measures to boost a moribund economy. The Bank of Japan's new governor, Haruhiko Kuroda, shocked markets with a radical stimulus plan that includes doubling the size of its government bond holdings within two years. He has shifting the bank's policy target to try to lift the country out of nearly two decades of deflation and minimal growth. The move caused the yen to fall sharply in value, which will help Japan's exports. The US Federal Reserve has been doing the same thing - buying government bonds to stimulate the economy - which also has the effect of pushing down the value of the dollar leading to complaints from other countries of a so-called currency war. By contrast the European Central Bank on Thursday kept its main interest rate at 0.75 percent - higher than Japan, the US and Britain - and it is not printing new money like them. ECB head Mario Draghi said they are ready to cut interest rates if necessary but the bank's role is different: "We can not replace lack of capital in the banking system, that's quite clear. We can not compensate lack of actions by governments." He did say the ECB was studying the economic climate closely because there was no certainty the euro zone economy would pick up: "In the coming weeks, we will monitor very closely all the incoming information on economic and monetary developments, and assess the impact on the outlook for price stability." Not surprisingly Draghi was questioned about the eurozone's latest brush with break-up - Cyprus. He said the initial decision for a levy on all bank deposits was a mistake, that was quickly corrected. And he stressed that what happened in Cyprus with wealthy bank depositors having money taken from their accounts was not a template for any future bailouts as others have suggested. Find us on: Youtube http://bit.ly/zr3upY Facebook http://www.facebook.com/euronews.fans Twitter http://twitter.com/euronews