Synopsis | The European Union And Its Order By Andras Baneth
THE SYNOPSIS OF YOUR FAVORITE BOOK =--- Where to buy this book? ISBN: 9780631215042 Book Synopsis of The European Union and Its Order by Andras Baneth If you want to add where...
By: Gene Walter #39;s Marketplace
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Synopsis | The European Union And Its Order By Andras Baneth - Video
HK-EU School Project: Introductory Workshop,18 Dec 2014
00:00 Introduction to the team 01:35 About the European Union Academic Programme 06:12 Project Outline and Agenda 10:30 The Project in more detail For instructions on using the online platform...
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HK-EU School Project: Introductory Workshop,18 Dec 2014 - Video
Prophecy Watch: The current European Union will die! 1/24/15 update
With the rise of populist anti-EU parties across Europe and with coming elections the current ruling class and the EU is in peril, but not surprising here, for the current EU, the 7th Beast...
By: Columbiana Church of God
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Prophecy Watch: The current European Union will die! 1/24/15 update - Video
LONDON ( The Deal) -- Greece's anti-austerity party, Syriza, swept to victory in Sunday's general election on a promise to renegotiate the terms of its European Union and International Monetary Fund bailout although it is still two seats short of a parliamentary majority.
But the major European markets seem to have taken this supposed threat to the eurozone in stride. That more relaxed mood was helped by the publication of a German business confidence index, showing a better-than-expected rebound from the lows reached in October. The Ifo Institute index reached 106.7 in January on the basis of a falling oil price and a weaker euro, which should boost German exports.
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By late morning in Paris, the CAC 40 was trading up 0.22% at 4,651 and Frankfurt's DAX index was up 0.53% at 10,706. Even Greece's own Athens Stock Exchange index recovered sharply in early trading after a hefty slide at the open, and at one point even passed Friday's closing level of 840.44. By early afternoon local time it was down 1.8% at 825.16.
The first question facing Syriza leader Alexis Tsipras as he tries to form a new government is whether he brings in an even more radical anti-European party to his left or a more moderate pro-European partner to his right. Then the negotiations start with country's international creditors -- and that's possibly where the trouble will start.
Not everything on the markets was sweetness and balm this morning, however, as London's FTSE 100 edged downward by 0.33% to 6,812. The commodities heavy index was spooked by signs of a further slowdown in China as well as the sliding oil price. The biggest fallers were oil companies such as Tullow Oil (TUWOY) , down 3.42%, and miners such as Anglo American (AAUKY) , down, 3.4%.
In Asia, Tokyo's Nikkei 225 closed down 0.25% at 17,469, Hong Kong's Hang Seng finished up 0.24% at 24,909.90. In China, the Shanghai composite climbed 0.94% to finish at 3,383.18. Must Read: 10 Stocks Carl Icahn Loves for 2015: Apple, eBay, Hertz and More
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European Stocks Are Mixed After Greece's Anti-Austerity Party Wins
The European Union is unlikely to reduce debt owed by Greece but could lower the interest rate, billionaire distressed asset investor Wilbur Ross said Monday, after the anti-austerity party's election victory raised concerns about a possible Greek exit from the euro zone.
The chairman of WL Ross & Co. and other international financiers invested $1.8 billion in Eurobank this summerbecoming the bailed-out Greek bank's biggest shareholders.
Asked about his investment, Ross said on CNBC's "Squawk Box" that it may be "more skin" than he wanted, given the circumstances. "It makes you feel scary," he said but added, "I don't think this will be the world's worst bucking bronco."
Read MoreNobel winner: Germany's the problem, not Greece
Ross said he's encouraged by the speed at which the new Greek government is starting to take shape. He noted outgoing prime minister Antonis Samaras had also talked tough before he took office but became more cooperative once on the job.
Describing the financial troubles facing Greece, Ross said, "By August, they need 15 billion euros of debt repayment and interest payments on those loans."
"Greece right now is paying about 8 billion euros a year in interest. The average rate is about 2.5 percent," he continuedfiguring if creditors were to cut that interest rate in half "that would save them 4 billion euros a year."
In one of his first major European investments after the 2008 financial crisis, Ross put money into the Bank of Ireland in 2011, which helped keep it out of state hands at the height of the euro zone debt fallout.
He told CNBC Monday he tripled his money there.
Ross also represents a group of investors that owns 17 percent of Bank of Cyprus of which he's vice chairman.
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Ross: Greece may get debt relief