Please, stop watering our boastful comments that discredit your actions. Throughout this financial crisis, politicians have often acted with courage and determination. Their ability to destroy themselves by demonstrating their incompetence by their statements in financial matters is unlimited.

It is clear that you want to vote collectively an EU directive which will limit the risks that hedge funds pose to financial stability and economic. Was he, Mrs. Merkel, as you go about your decision and isolated national short selling and hedge funds? You must surely know that your action will have no effect in reality and you destabilize a consensus. Not in Frankfurt as it happens, but in London, Hong Kong, Tokyo or New York. What is your goal? There is nothing to gain from oratorical effects on both global issues and techniques. You have done more than any other State Member of the European Union in this crisis to destabilize the Eurozone. This was the case again yesterday.

The question is not speculation: it accounts for only about 5% of exchange rate movements. Banning short selling while the EU directive does for hedge funds will have a very clear result: investors, instead of covering their risk by various techniques will simply sell their bonds. The effect will be worse. The public debt markets will be dearer. And all countries will pay the price. (more…)

That Spain’s Prime Minister Jose Luis Rodriguez Zapatero is rather soft and takes difficult steps when there is no other choice is not new. But it is far from alone.

The Spanish problem is totally different from that of Greece, and it is customary ignorance of the market which explains the panic of Tuesday. I must say it was caused by an irresponsible attitude of rating agencies that saw fit to reduce the grade of Spain for reasons related to the economic slowdown. This rating remains excellent at AA. (more…)

Firstly, the emotion on the speculation of hedge funds is not justified. Hedge funds have been reduced by two and the $ 1 trillion they represent a range of different funds, some of them acting on the foreign exchange market. This amount represents less than the value of daily transactions on the exchange market. They do not in any way the ability and mean to destabilize the euro and speculation to $ 1 dollar interest. The future market is still three months was $ 1.30.

We have to stop back by the specter of a speculation on Sterling by George Soros twenty years ago: the foreign exchange market was smaller and we did move the Sterling £ 1 billion. The pound is a currency that does not count anymore. (more…)

In early 2009, large U.S. banks have been received at the White House for a meeting with the President: it told them that the only way he could justify the measures taken in their favor was through their participation in the effort for economic recovery. To be clear: I will support you if you use the means that I give you to help me revive the economy. From my side I count on your restraint in pay.

For a Democratic president, it was indeed possible to support financial institutions that if they contributed to the national recovery effort. So they had to use the resources obtained by lending on terms less onerous because their cost of funding was lower. And they had to continue to lend to the real economy. (more…)

SAP FI module able to do everything related to accounting and finance from a company. It can be thought of as the financial manager who can review the financial position in real time in accordance with existing procedures.

Because the resulting data is real time, so this module can help decision-making and strategic planning better. All modules MM (Materials Management), PP (Production Planning), SD (Sales and Distribution), CO (Controlling) and HR (Human Resources) module is integrated with FI. (more…)