The Prudent Investor

Former Terrorist State Now Bailing Out Italian Banking Giant

prudent — Wed, 22 Oct 2008 12:23:00 -0400

In a bizarre twist of fates the former Italian colony Libya, once branded a terrorist state by the USA, takes part in bailing out Italy's second largest bank, Unicredit. read more »

Saving its Own Skin, Germany OK's Greek IMF Move

prudent — Fri, 19 Mar 2010 16:36:00 -0400

Greek tragedy, next part: Germany has reversed its position and said it is comfortable if Greece turns to the International Monetary Fund (IMF) for assistance to avoid the country's bankruptcy. read more »

North Korea Executes Head of Finance After Currency Reform Led to 50% Devaluation

prudent — Fri, 19 Mar 2010 12:45:00 -0400

A botched currency reform that led to a 50% devaluation of the North Korean Won and ignited inflation cost the top official responsible for it his head. read more »

Will the Pan-European Idea Get Buried Under Debts?

prudent — Fri, 19 Mar 2010 00:14:00 -0400

Watching the rapid deterioration of unity in the Eurozone, this blogger begins to wonder whether the hardest crisis since WW2 will deepen the rifts in a culturally diversified region where the biggest common denominator has become debt. Only a few months after the ratification of the Lisbon Treaty -
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It's Now HardBall Between Germany and Greece

prudent — Thu, 18 Mar 2010 08:36:00 -0400

In a new twist in the ongoing Greek debt tragedy Germany's chancellor Angela Merkel has stepped up the war of words, saying the Eurozone must be able to expel members that repeatedly break the club's fiscal rules in the future in a speech to the Deutscher Bundestag (parliament) on Wednesday. Me
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US and UK Move Closer to Losing AAA Debt Rating, Moody’s Says

prudent — Mon, 15 Mar 2010 11:03:00 -0400

This blog's first post was concerned about the sustainability of the US AAA rating back in April 2005. 5 years later, Moody's follows suit. From Blooomberg : The U.S. and the U.K. read more »

ECB Predicts 16 Years Until Eurozone Sovereign Debt Recedes to Treaty Level of 60%

prudent — Sun, 14 Mar 2010 06:06:00 -0400

Sit down before you read this and don't faint. Bury any optimism that hopes for a speedy recovery from the world's biggest financial and economic crises ever. Well hidden on page 89 of the European Central Bank's (ECB) Monthly Bulletin for March the ECB's economic staff predicts it will take 1
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United Debts of Europe (UDE) and a Stillborn Named EMF

prudent — Tue, 09 Mar 2010 09:47:00 -0500

Word has probably spread that the European Union now attempts to solve the debt crisis with the creation of a European Monetary Fund (EMF). This shows one more time the fierce commitment of the EU to fight debt with new debt - which never worked in history - instead of developing a radical banking
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Mind the Capital Gap: No Relief for Austria's Banks

prudent — Fri, 05 Mar 2010 16:01:00 -0500

While clueless politicians and bankers have still not come up with decisions that could turn around the economy, Mr. Market may soon force them into action. read more »

Crisis Everywhere: ECB Profit Falls 15% in 2009

prudent — Thu, 04 Mar 2010 19:11:00 -0500

We will have to wait for the annual report on April 19 to check the balance of higher expenses to see how much inflation the European Central Bank (ECB) experiences itself. According to first results published on Thursday, the ECB's expenses rose a stunning 4.4% in 2009, while inflation receded bel
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