As a proof that life does not stand still, When I wrote the article yesterday, it was Germany and France agreeing to reduce the bonuses paid to bankers and planning to impose control on this in the coming Pittsburgh summit of the G20. The United Kingdom did not seem to be on the same wave. Read the rest of this entry »

While I am writing this, leaders of 19 countries plus the European Union are gathered in London at what has been described as the G-20 Summit. The purpose is get the world out of recession and get the global economy going. Read the rest of this entry »

All is not as good as it was predicted when Barack Obama won the nomination for president of the United States. After eight years of what was perceived in Europe as the disastrous administration of President Bush, Europeans were ready to embrace Obama as a welcome change. Read the rest of this entry »

Officials from France and Germany and other European nations are determined to use the G20 meeting of finance ministers near London this weekend to focus on imposing new tighter regulations on both the finance industry and the assemblage of tax havens around the world. Read the rest of this entry »

President Sarkozy of France is not a quiet politician, on the contrary he is deeply involved in his country’s politics as well as in the world’s. France holding the Presidency of the EU at the moment, it was Sarkozy who hosted this past Friday the 22nd summit in Nice, France, between Russia and the 27 European nations. Read the rest of this entry »

Lately, the Spanish government has been fretting about the possibility of being left out of the G20 meeting. At least, it appeared it was going to be so when the meeting was called. In Spain there was lack of understanding about how or why the country which has the world’s eighth-largest economy and a banking system that is weathering the financial storm better than others in Europe was not going to be included. Read the rest of this entry »