An atheist atlantic, a european cameron counterparty and hugh laurie as prinzregent

In the great britain, the formal coalition targets and main cabinet posts are known

Meanwhile, the occupation of the most important posts in the cabinet of conservatives and liberal democrats is determined: the tories face the financial minister and the eurosceptor visited by hugh laurie with the prince regent, which was played by hugh laurie) the finance minister and the eurosceptor william hague (which as a teenager according to own information up to 14 glass beer per day drank) also the foreign minister. Defense minister becomes the atheist atlantic and nuclear armilization advisor liam fox, minister of interior theresa may (a christian with a loud bbc "exotic shoe flavor"), health minister of favor facilities andrew lansley and justice minister kenneth clarke, who applies as a spokesman of the european party speech and intra-party counterparty cameron..

Finance minister george osborne. Photo: m. Holland. License: cc-by-sa.

Read more

Abolish cash?

In the bank world you are thinking about how savers can be dismilled

The negative interest fiscal strategy has its risks for the financial institutions. Coarse moving push your credit back and forth, but to get to your returns, but this is obvious to the system, on the other hand, is nothing to do. But there is a level that new rules love, which, namely, acts on which a mass of small spheres. Who spreads the tendency to bring your money from the bank to turn in cash and pick it up to the house or in the vault. So are private losses to avoid. And however, the banks should do nothing?

There is a patent solution: create the cash, it is an antiquated means of payment. In an interview with the german economic news robert halver reports from baader bank on this idea as a perspective in the middle view.

Read more

Basel iii: soft, spat and inadequate

Inadequate financial market regulation lags below the requirements

On sunday, 27 lander in basel has agreed on a compilation of global capital standards for banks. Exactly two years after the collapse of the us investmentbank lehman brothers, the previous low core capital ratio according to basel ii is to rise so that banks are allegedly crisis-resistant. For this, every bank should create an additional buffer. This does not sound so bad at first, but it may be doubted that well-to-do financial crises are prevented. Especially germany pushed himself against the demands of a significantly higher capital ceiling and continued long transitional periods. The entire capital of hedge funds remains excluded anyway, as the trillion, for which the coarse us real estate financiers were found excluded.

Already a look through the blatterwald of the international business press is sufficient to state one thing: one is somewhat consecrated in agreement that basel iii will mitigate the risks from financial crises at best. That’s all. Like the international parquet, despite the dangers in the financial world, which lose the taxpayers for a long time trillion-heavy on the bag, only a tenth and limited answer has been found. Furthermost, it seems to be a success that the previous equity ratio (tier-1) of the banks, ie risk-weighted assets, should increase from 4% to 6%. The minimum capitalization of the banks with hard core capital (core tier-1), to which in addition to the money of the shareholders also pay the profit relief, should even increase from 2% to 4.5%

Read more