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Spain denies needing money to bail out its banks

euro

By Dave Burridge, Economic Editor Rumours have been rife today that Spain would ask for funds to bailout it’s flailing banking sector. Spain has, however, denied these claims but has not ruled out the possibility in the future. Spanish shares rose slightly upon the news. The rumours spread as Spanish banks are finding it incredibly […]

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New leaders see new problems for the EU

EU

By Dave Burridge, Economics Editor This week has seen two very important elections held in France and Greece. Important, not only for the respective countries but for Europe as a whole because the policies these new leaders are pursuing on EU debt are not those of their predecessors’. France have voted in Socialist Francois Hollande as […]

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Are Greek bailouts just postponing the inevitable?

Athens, Parthenon

By Dave Burridge So Greece has once again received a huge bailout package from the EU- this one totalling more than £110bn. But is this just delaying the inevitable default? Greece’s total debt currently stands at an enormous 160% of real GDP, a realistically unsustainable level. However, there is something that is different about this […]

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Do bankers deserve bonuses?

money

By Dave Burridge In a week where bankers bonuses have yet again come into question, we are posed with a question: are these bonuses justifiable? The majority of people hold the view that a lot of banks are owned by us, the taxpayer, and these banks were significantly responsible for creating the mess that we […]

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Facebook prepares to float on NYSE

By Dave Burridge In the coming few days Facebook is expected to float on the New York Stock Exchange (NYSE). It is expected to raise around $5billion. Whilst more has been raised by other companies in the past, this is still one of the biggest flotations in history. Mark Zuckerburg currently has over 50% voting […]

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Ultimate review of 2011: December

By Naila Missous, Josh Wells, Dave Burridge, Vanessa Martinez, Cristian Meza, Matt Hill and Richard Smith     Cameron vetoes changes to EU treaty David Cameron took the bold move to veto the proposed treaty changes to the current EU system. The full consequences both in Europe and the UK are yet to be felt. Cameron’s decision created a lot […]

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Ultimate review of 2011: November

By Naila Missous, Josh Wells, Dave Burridge, Vanessa Martinez, Cristian Meza, Matt Hill and Richard Smith   Politics and the economy The Greek PM threatened to put forward the idea of a referendum to the Greek people over an EU bailout. Much turbulence was experienced during this month with the Greek and Italian PM’s resigning from office. Debt fears continued […]

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Ultimate review of 2011: October

By Naila Missous, Josh Wells, Dave Burridge, Vanessa Martinez, Cristian Meza, Matt Hill and Richard Smith     Libya October 20 was one of the most important and momentous days in Libyan and Arab history: former Libyan leader Muammar Gaddafi was killed in Sirte. Graphic photos and videos of Gaddafi circulated in the worlds media. The dictator’s death still leaves […]

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Ultimate review of 2011: September

By Naila Missous, Josh Wells, Dave Burridge, Vanessa Martinez, Cristian Meza, Matt Hill and Richard Smith   EconomyItaly’s bond rate began to rise as investors spotted the next country to have problems with high debt levels.The difference was Italy really mattered and a bankrupt Italy threatened the existence of the Eurozone. Markets worried further over Greek debt as some economists […]

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Ultimate review of 2011: August

By Naila Missous, Josh Wells, Dave Burridge, Vanessa Martinez, Cristian Meza, Matt Hill and Richard Smith     Libya After a turbulent campaign, the Libyan rebels captured Tripoli on August 28. This represented the symbolic end of the civil war however whilst Gaddafi was still alive and other areas of Libya undecided upon its loyalties, there was still much tension in the country. […]

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