Tag Archives: financial crisis

The Triple-A failure: Iceland and the failure of the rating agencies

Iceland is a good example of the fallibility of the rating agencies. During Iceland’s financial crisis, no one – and least of all the rating agencies – seemed to wonder why three banks from a tiny island with no history of banking could out-earn foreign banks despite borrowing at a relatively high cost.

Posted in Sustainable Economy | Also tagged , , , | 1 Response

Poll: Majority of voters want an early election and don’t blame Labour for financial crisis

A majority of voters want an early election and don’t blame Labour for the UK financial crisis – blaming the banking sector more, a new poll today reveals.

Posted in Clean Politics | Also tagged , , | 2 Responses

After the Barclays Libor scandal, how long must we wait for a public inquiry?

Fresh news of Barclays and other high street banks misselling financial products draws condemnation from none other than the governor of the Bank of England.

Posted in Left Foot Forward | Also tagged , , , , , | 21 Responses

Inequality must be ended to prevent another financial crisis

Stewart Lansley argues that high income inequality leads to economic slumps; we can only solve the latter if we deal with the former

Posted in Sustainable Economy | Also tagged , , , , | 24 Responses

EU summitry is futile; this is a global financial crisis, not a eurozone crisis

Ann Pettifor explains how the current European Union summit is futile – we are in a global financial crisis, not just a crisis of the eurozone.

Posted in Sustainable Economy | Also tagged , , , , , , , | 29 Responses

Greece is the word: Crisis in Athens as Papandreou set to resign

Greek prime minister George Papandreou will offer his resignation to the President today, reports Alex Hern with the latest in the eurozone financial crisis.

Posted in Multilateral Foreign Policy | Also tagged , | 17 Responses

Mandelson: Time to “stand up, win the argument, act decisively and lead” on the euro

Lord Mandelson will deliver a passionate defence of the euro in a speech in Singapore today, insisting it is in everyone’s interest it is saved.

Posted in Sustainable Economy | Also tagged , , , | 14 Responses

The euro lurches towards the abyss – but does the Left have a Plan B?

With the eurozone engulfed in a semi-permanent state of crisis, Ann Pettifor outlines five steps the global Left can take towards a Plan B.

Posted in Sustainable Economy | Also tagged , , , , , | 24 Responses

City minister asked: “Why hasn’t a single banker been prosecuted yet?”

City minister Mark Hoban was grilled last night on why no bankers had been arrested, prosecuted and jailed in the UK for their role in the financial crisis.

Posted in Sustainable Economy | Also tagged , , , , | 25 Responses

Eurozone summit a small step forward but fundamental problems remain

Those hoping the eurozone’s sovereign debt crisis would finally be resolved today will be disappointed, reports Left Foot Forward’s Ben Fox from Brussels.

Posted in Sustainable Economy | Also tagged , | 4 Responses