Markets always send the signal of risk or euphoria first, either by launching or shrinking bond spreads respectively and long before rating agencies start one by one and slowly downgrade the credit rating of the country which is under consideration. It is common for Big-Four Rating Companies – Fitch Ratings, Moody’s, Standard & Poor’s, DBRS …
Real Unemployment Risk for the Eurozone (EU) and the US
Real unemployment in both the Eurozone (EU) and the US is the main brake and embankment for expected growth in the US and Eurozone economies, respectively. The figures for official unemployment are a subset of the magnitudes of real unemployment and given that real unemployment is much higher than official unemployment. by Trust Economics-https://trusteconomics.eu ©The …
The Correct Way of Evaluating the Fund Managers of Social Security Funds
It is the Social Security Funds that pay the pensions and pay the health benefits offered by third parties to their insured persons. This is achieved because of the social security contributions paid by insured persons, employers and in some cases by the State respectively throughout the working life of insured persons. Social Security Contributions …
The Problematic Course of the Eurozone (EU) Economy and the Proposed Corrective Policies
The indications to date for the euro area economy raise reasonable concerns, increasingly removing the scenario for a recovery of its V-shaped economy and increasingly approaching the scenario of slow and uneven K-shaped growth. At the same time, the governments of the euro area member countries are particularly concerned about the further recession that the …
The Causes of Stock Market Collapse and Safe Future Investment Refuges
Earlier this week the revelations of the International Consortium of Investigative Journalists and in collaboration with Buzzfeed on the content of Fin Cen files and always on the laundering of astronomical amounts for more than twenty years by the largest banks in the world gave the “charismatic shot” to stock market indices that over the …
The Inequality of Borrowing Cost Rates in the Eurozone
The European Central Bank (ECB) recently published data on the borrowing rates of households, businesses and the overall long-term borrowing costs respectively for both the Euro area and each of its member countries (Source: ECB, https://data.europa.eu/euodp/en/data/publisher/ecb). What continues to trouble us from the graphs below is the fact that a Eurozone of different speeds appears …
Maritime Industry: New Shipbuilding or Purchase and Upgrade of Used Ships
Many shipping companies as well as warships of navies of all countries to develop their services and at the same time follow technological developments choose either the construction of new ships (or surface ships and sub-surface sea ships when we refer to a navy) or the acquisition of used ships and the possible upgrading of …
How the Product of Tourism That Respects the Environment Develops Creatively
2020 will be a landmark year for countries whose large part of their GDP composition is based on the product of tourism and the environment respectively, concepts that are causally linked. The Covid-19 pandemic caused a profound decline in the GDP of these countries due to the loss of revenue from their tourism product. It …
How the Negative Consequences of a Project Can Be Avoided
The post Covid-19 era forces all businesses to adapt to the new reality of revising the way they operate with the goal, first their survival and then create value and goodwill. To achieve these goals, businesses design and then implement transformation projects that include the full range of their business. This is true in both …
Turkish Economy Crisis Reflects Turkish Lira Crisis
The Crisis of the Turkish Lira is a direct consequence of the crisis of the Turkish Economy. The fall of Turkey’s national currency continues. In 2016 and specifically before the effort to established a coup in Turkey, the Turkish lira and $USD exchange rate was at USDTRY: 2,93 (June 10, 2016) while last week it …