Dimitris Rapidis

Archives for Global Financial System

US vs Standard & Poor’s

The US state has officially appealed against Standard & Poor’s (S&P) accusing the financial services company for purposedly upgrading toxic loans to category AAA in 2007, just few months before the mortgage meltdown was to be unveiled and started shrinking the American and then the global economy into downturn.

Posted by Dimitris Rapidis

In its latest report, the OECD (Organization for Economic Cooperation and Development) recommends that austerity measures in Eurozone should loosen up, adding that member-states should not abandon structural reforms. OECD points out that one the major variables that have deepened recession in Eurozone concerns the constant spending cuts, including those desitned to social welfare.

Posted by Dimitris Rapidis

“Forward” was one of the major slogans of Obama’s presidential campaign. This term is etymologically filled with hope, prosperity, solidarity, and, needless to say, a feeling that “we can win”. Obama has always been a popular icon, with strong communication skills – and to these features he mainly owns his first election.

Posted by Dimitris Rapidis