Author: Tom

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Business

The Resolution To The Cyprus Bank Crisis

There has been snippets of information all over European newspapers, so a summary might be called for. It ended where it started with the solution originally proposed by the ECB and Germany: 1)      Small depositors (below 100.000 EUR) should be paid […]

Global_Intergold / Pixabay
Business

Gold, China, and Germany

Germany’s current efforts to move their physical gold reserves have caused some speculation as to why? Now Germany is far from the only country that in later years has exhibited some interest as to the whereabouts of their nest egg. […]

Danish Central Bank CEO Retires
Business

Danish Central Bank CEO Retires

Nils Bernstein points to the new role of Central Banks: Denmark was one of the first countries to introduce a bank resolution scheme, under which those who had lent money to the distressed bank could also lose their investment. This […]