As discussed in Morning post Rupee is trading near 8.5 month low,it has plunged almost 3% for the week. FII have been pumping money in India from the start of 2013 and for May alone we have seen flows of $3 Billion mainly in Equities and Debt market. Also with $5.9 Billion Dollar Open offer… Read More »
It appears the ‘deal’ to default/restructure the banks has been designed to bypass the need for parliamentary votes, since it is theoretically not a tax. While we have little color on what kind of carnage the President of Cyprus had to accept to his fellow countrymen, the news is that : *CYPRUS, TROIKA REACH AGREEMENT… Read More »
Three of the most notable predecessors to the EUR include the Hapsburg Empire, the Soviet Union, and Yugoslavia. Obviously, these no longer exist. Just as obvious, all of these unions, having spent time, energy, money, and effort to change the culture and traditions of member countries and to perpetuate said unions, had no desire, just… Read More »