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philip salva

tuggerah, new south wales, Australia

Member since January 26, 2013


  • http://rockysamuel.edublogs.org/2013/02/16/could-financial-transaction-taxes-underway-in-europe-help-education-in-developing-countries-brookings-institution-tumblr/

    On January 23, the European Union’s financeministers unanimously endorsed Financial Transaction Taxes (FTT) by giving a green light to 11 eurozone countries to impose a coordinated tax on financial transactions – an act filled with potential not just for national budgets, but overseas development assistance as well. Such taxes may or may not eventually cross the ocean to U.S. markets, but as the group of nations that include the eurozone’s four biggest economies (Germany, France, Italy and Spain) begin to negotiate the tax’s rate and design, policymakers should consider the possibility of using even a small percentage of the revenues gained to provide a new source of development finance–money that can change the world. The animating force behind the idea is to skim “excess” revenue from the financial sector to repair national budgets severely strained in the aftermath of the global financial crisis, thus holding financial institutions accountable for their role in causing the recession. An additional benefit cited by the tax’s supporters is it would place some constraints on the increasing volume of high-frequency trading that has at times threatened the stability of financial markets. The nation at the forefront of the FTT movement is France, which passed a 0.2 percent tax on financial transactions in 2012. At ...

  • http://studfyler.xanga.com/771613686/spanish-italian-bonds-slide-amid-signs-of-political-risk--the-tyler-group-economic-news---edublogs/

    Spanish government securities led declines among the euro-region's so-called peripheral countries as renewed signs of political instability in the currency bloc damped demand for the nation's assets. Spain's 10-year yields climbed to the highest level in seven weeks as Premier Mariano Rajoy was accused of accepting illegal cash payments and strategists from Commerzbank AG recommended investors cut holdings of the country's debt. Italian and Portuguese securities dropped as analysts at Morgan Stanley and Deutsche Bank AG said this year's rally in periphery bonds may falter. German bunds advanced. “The market is realizing that there are still substantial risks out there, especially on the political front,” said Michael Leister, a fixed-income strategist at Commerzbank in London. “The dynamics in Spain are devastating because they have the potential to cause a lot of damage. If in the worst case we would get a new election in Spain, this would be a real shocker for the market.” Spain's 10-year yield jumped 23 basis points, or 0.23 percentage point, to 5.44 percent at 4:30 p.m. London time, the highest level since Dec. 17. The 5.4 percent bond maturing in January 2023 fell 1.78, or 17.80 euros per 1,000-euro ($1,354) face amount, to 99.685. Yields on similar-maturity Italian debt increased 15 basis points to 4.48 percent after reaching 4.89 per...

  • http://www.businessweek.com/news/2013-02-04/germany-s-bonds-decline-before-investor-confidence-data

    Spanish government securities led declines among the euro-region’s so-called peripheral countries as renewed signs of political instability in the currency bloc damped demand for the nation’s assets. Spain’s 10-year yields climbed to the highest level in seven weeks as Premier Mariano Rajoy was accused of accepting illegal cash payments and strategists from Commerzbank AG recommended investors cut holdings of the country’s debt. Italian and Portuguese securities dropped as analysts at Morgan Stanley and Deutsche Bank AG said this year’s rally in periphery bonds may falter. German bunds advanced. “The market is realizing that there are still substantial risks out there, especially on the political front,” said Michael Leister, a fixed-income strategist at Commerzbank in London. “The dynamics in Spain are devastating because they have the potential to cause a lot of damage. If in the worst case we would get a new election in Spain, this would be a real shocker for the market.” Spain’s 10-year yield jumped 23 basis points, or 0.23 percentage point, to 5.44 percent at 4:30 p.m. London time, the highest level since Dec. 17. The 5.4 percent bond maturing in January 2023 fell 1.78, or 17.80 euros per 1,000-euro ($1,354) face amount, to 99.685. Yields on similar-maturity Italian debt increased 15 basis points to 4.48 percent after reaching 4.89 percent, the most since Dec. 31. Portuga...

  • BUSINESS SERVICES » The Tyler Group Barcelona

    Communication, Communication Design

    BUSINESS SERVICES

    Business Services (tips and articles related to Barcelona News, Public Holidays, how to start a business in Barcelona, Spain; employment, visa processing etc.)

    Top Barcelona Insider Tips

    1. Visit the Sagrada Familia

    One of Barcelona’s top attractions is the Sagrada Familia. This large Roman Catholic Church was designed by the Catalan architect Antoni Gaudí. The church is still not completed but it is now a UNESCO World Heritage site.

    1. Enjoy some cheap drinks,

    You have to check out “La Champañeria” in Barceloneta…

    A hidden treasure with a great atmosphere and very cheap cava.

    Don´t miss the lovely genuine tapas bar El Xampanyet at Calle Montcada 20, same street as Picasso museum. They make their own cava Make a stop on your way back from the beach at very genuine and very busy tapas bar – Can Paixano at Calle Reina Cristina 7, just a hole in the wall but pretty amazing! And for some cheese tasting head for Formatgería La Seu at Dagueria 16 in Barrio Gótico, taste of three cheese & a glass of wine is only 2,50 euros!

    ‘La Champañería’ is a popular bar that is actually called ‘Can Paixano’ but everyone refers to it as the former. This bar is actually very small and only has standing room but it still draws a great crowd. They are renowned for serving cheap but good cava (Spanish sparkling wine) and hot and cold bocadillos (sandwiches). You will find a great atmosphere and great prices here.

    1. Eat away from the ‘tourist trap...