Dimitris Rapidis

Archives for Global Financial System

Why is India slowing down?

India is one the major parts of the BRICS group. Major in terms of GDP growth, development rate, per capita growth and technological assets. But India is also one of the most fragile economies of the BRICS as well. It does not escape the deceleration of the emerging giants (i.e. China, Russia, Brazil) mainly due… » read more

Posted by Dimitris Rapidis

After the end of World War II the United States assumed the burden of restructuring Europe from the beginning. At that time, Germany was defeated -if not humiliated in the eyes of the Europeans- and entirely devastated, France was supposed to be the new prominent power in Europe, and the United States could build on… » read more

Posted by Dimitris Rapidis

The big grouping of emerging economies called with the acronym “BRICS” (i.e. Brazil, Russia, India, China, South Africa) is cutting its foreign reserves in euro. The essence of this decision is of paramount importance for the global political and economic balances, even if for the moment the image is not so clear.

Posted by Dimitris Rapidis

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

Between real estate, lucrative strikes, and repurchase deals, George Soros has built the profile of a mysterious man. He is considered amid the very few people that pull the strings of those controlling the market trends and the fate of people globally. He is also frequently mentioned as distinguished guest in secret dinners, and as… » read more

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

All political leaders have a very upleasant habit in common: to refer to patriotism of taxpayers when it comes to increase taxes. The French Minister of Finance Pierre Moscovici in a recent interview with Le Monde has defended the decision of his government to raise the highest level of taxation to 75%. He justified that… » read more

Posted by Dimitris Rapidis