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City of London recession to trigger £11bn tax revenue 'black hole' The financial crisis will result in tax revenues from City bonuses alone falling by as much as £4bn next year, according to one of Britain's most influential economic forecasting firms. By Mark Kleinman and Rowena...

leadership.... with this kind of remarks..... Silvio Berlusconi, Italy's gaffe-prone Prime Minister, today found himself accused of racism after calling Barack Obama "suntanned". Speaking in Moscow at a joint news conference with President Medvedev, Mr Berlusconi said Mr Obama's election...

it's not too late, we can still fight

what a joke, cutting by 150bps, irresponsibility ^ 10. Cutting rates to shaft savers and bail out homeowners that have adopted reckless behaviours resulting in today's problems. This credit-binge comedy needs to stop, not be perpetuated. If you have pounds, convert them now before it's...

too many morons on this forum calling for a bottom

the overnight rally in the futurres is a pump in order to inject some optimism. If markets fall heavily today we crash on monday. Expect lots of pumping today to end the week on a good note. This is also true for the EUR and GBP crosses vs the USD where we see some buying this morning.

go long USD

I didn't know you were selling umbrellas :D

In Germany, HSH Nordbank – 59pc owned by the city of Hamburg and state of Schleswig-Holstein – rattled the markets yesterday by revealing that it would need €30bn in guarantees from Berlin's €500bn stabilisation fund. It warned that further sums may be need`ed to meet capital adequacy...

no clue where the Foxtons minis are but read this, it gives a good overview of the problem the UK is facing Britain Can't Spend Its Way Out of This Recession: Matthew Lynn Commentary by Matthew Lynn Nov. 4 (Bloomberg) -- The British could be forgiven for feeling gloomy right now with a...

you are right, euros will still be euros, they should be looking for dollars, yen and swissie

1200 euros/month, yes baby. That's why Italians still live with their mummy when they turn forty. Thanks for your offer but 1200 euros/day do not even take me out of bed. I suggest you try your luck with Roms or Albanesi, they are not welcome from what I understand but are used to these sort...

these comments are unfounded, not even worth a rebuttal

GS is exceptional because of its employees (they also own 35% of the firm). Shareholders understand that.

scriabinop23, you really don't get it. GS didn't ask for these $12bn and didn't need them. It was forced upon them with the result of people like you spreading lies. GS is an extremely profitable business rewarding both its shareholders and it employees (themselves shareholders). Check...

that's why I can rely on the other Italian half...:D

C6H1206, congrats on running a decorrelated business. You will be doing very well in the difficult times that are coming our way. Not to pick specifically on Italy but its CDS traded in excess of 100bps last week. Good luck.

yes, really, how absurd isn't it?

the situation is really bad. Shops are closing in drove, no more Foxtons minis in the streets of London, a huge commercial property bubble about to burst, damn this is bad, really bad.

just came back from Europe and it looks like "smart" people have started looking for where their euros come from and who's backing them. On Euro banknotes you can check which national central bank is backing it. People don't want notes backed by what they deem the weakest members.