Many people believe that GREEK life is just a waste of money. Many think that you are buying your friends, and that all those people do is party and get ...
 |
| READ THE ORIGINAL POST AT www.dailyeasternnews.com |
How the world sees Greece
Tuesday, December 1, 2015
Column: GREEK life offers more than social benefits
These are the 6 nightmare charts that worry the Bank of England most about the financial system
The Bank of England published its financial stability report on Tuesday and it's full of useful charts and graphs about threats to the UK's banking system. On the whole, the financial world is looking more stable now than during the Summer, which was dominated by Greek political instability and market crashes in China. But lots of risks still remain and some, like the threat of a cyber attack or a downturn in Asian economies, worry the Bank of England more than ever. LENDING TO PEOPLE WHO BUY HOUSES SPECIFICALLY TO LET THE HOUSES OUT IS ROCKETING. The BOE has long been concerned about buy-to-let, because landlords are seen as more vulnerable to an increase in mortgage rates than owner-occupiers. Here's the BOE: Strong growth in buy-to-let lending, and the potential for underwriting standards to slip, may have implications for financial stability. HISTORICAL TIES WITH ASIA MEAN UK BANKS ARE THE MOST EXPOSED TO A SLOWDOWN IN CHINA AND HONG KONG. UK banks have strong ties with China. This is great when the country is growing strongly but can pose a risk when there's a downturn. The BOE said: Crystallisation of these risks could pose a threat to UK financial stability, particularly if shocks to asset prices were amplified by fragile market liquidity. This vulnerability came to the fore in August 2015, when an episode of intense volatility in some markets materialised against the backdrop of concerns among market participants about a possible slowdown in economic growth in China. THE THREAT OF A CYBER ATTACK ON THE FINANCIAL SYSTEM IS INCREASING. Cyber attacks on financial institutions are costly to protect against and dangerous if they succeed. The central bank is trying to encourage lenders to do more to protect themselves. The BOE said: The risk from cyber attack has grown over time, reflecting increased use of technology in financial services. Firms need to build their resilience to cyber attacks, develop the ability to recover quickly from attacks, and ensure effective governance — which means viewing cyber risk as a strategic priority, rather than a narrow ‘technology’ issue. See the rest of the story at Business Insider
|
| READ THE ORIGINAL POST AT www.businessinsider.com |
BoC sells three hotel units in GREECE
In an attempt to reduce its involvement in the Greek real estate market Bank of Cyprus (BoC) has gone ahead and sold this week three hotel units in ...
|
| READ THE ORIGINAL POST AT in-cyprus.com |
Corruption Minister Holds Meeting on German List of 10,000-plus Greeks With Cash Abroad
Alternate Justice Minister for Corruption issues Dimitris Papaggelopoulos on Monday chaired a second meeting on the so-called “Borjan’s List” – a list of 10,588 bank accounts belonging to Greeks at a Swiss branch of UBS, with total deposits amounting to 6.5 billion euros, supplied to Greece by the German state of North Rhine-Westphalia. Participants in
|
| READ THE ORIGINAL POST AT greece.greekreporter.com |
Greek Gov’t Optimistic About Maintaining Majority on Crucial Vote
Top SYRIZA officials believe that the coalition government will eventually pass the controversial bills, despite the weak majority and the opposition’s unwillingness to vote in favor. Scenarios abound that some SYRIZA lawmakers will dissent and abstain from the vote, protesting against the harsh security fund reforms required by Greece’s bailout program. This would put at
|
| READ THE ORIGINAL POST AT greece.greekreporter.com |
U.S. Ambassador Optimistic about Greece’s Future Progress at Athens Conference
U.S. Ambassador in Athens David Pearce on Monday said he was in favor of debt relief for Greece, while noting the country’s importance as an energy hub, in order to reduce dependence on Russian natural gas, and as a transit center for trade goods. Speaking at the American-Hellenic Chamber of Commerce 26th annual “The Greek
|
| READ THE ORIGINAL POST AT greece.greekreporter.com |
PM Tsipras Calls for ‘Global Shift to a Climate-Friendly, Sustainable Society’ at COP21
Greece’s Prime Minister Alexis Tsipras, in his address to the COP21 Climate Change Conference in Paris on Monday, said the summit should be a historic turning point for a “global shift to a climate-friendly, sustainable society.” “Greece, which at this time is experiencing an unprecedented refugee crisis and human despair, gives political priority to prevent
|
| READ THE ORIGINAL POST AT greece.greekreporter.com |
Subscribe to:
Posts (Atom)