Eurozone Integration

WEEKLY COMMENT 14-09-2017

By Barry Edwards

Eurozone Integration

This week we have had the ‘State of the Union’ speech from Jean-Claude Juncker and a statement from the French finance minister Bruno Le Maire at the gathering of finance ministers in Tallinn, the Estonian capital, that Paris and Berlin would push through an overhaul of the Eurozone.

The Juncker speech was a typical federalist approach with some solid suggestions that were well received but most reactions were that most of it would not happen. It comes as no surprise to anyone that the real power lies firmly in the hands of France and Germany with the main thrust for now coming from President Macron. Angela Merkel has made it known that she is willing to go along with some of the French plans but while the German election is still pending the commitment is to be confirmed after the 24th of September. read more

New Writer for BEA

 New Writer for BEA

 

It is with great pleasure that I introduce a new writer to Barry Edwards and Associates (BEA) this week. His name is Rob Thomas and he has many years of experience in the field of mortgages and property funding and you can read his profile under the ‘About Us’ menu at the top of the page which explains his business activities in more detail. During his early career Rob spent some time as an economist at the Bank of England which gave him the experience to write a report about central banks entitled ‘Unconventional monetary policy explored-The case for replacing QE with a sovereign wealth fund’. read more

National Equity

WEEKLY COMMENT 31-08-2017

By Barry Edwards

National Equity

A new concept has been put forward by Richard Murphy of the Tax Research blog about establishing equity capital for countries to be invested in infrastructure and other important requirements to develop and support the nation as a whole. The basis of the idea is that the central bank creates money similar to the quantitative easing policy but instead of issuing bonds which the central bank buys, an equity fund is established and is used on behalf of the nation as described above. read more

A European Future

WEEKLY COMMENT 24-08-2017

By Barry Edwards

A European Future

The European Union’s web based network EUROACTIV reported this week that German Finance Minister Wolfgang Schäuble is working on a proposal that would allow southern Eurozone countries to tap into the single currency bloc’s bailout fund to boost investments during recessions. The plan would mark a major change of policy for Schäuble who had until recently always opposed transfers from richer Eurozone countries to poorer members like Greece. read more

Government Stimulus

WEEKLY COMMENT 17-08-2017

By Barry Edwards

Government Stimulus

The fog is slowly beginning to lift on the process of Brexit as the British government is gradually releasing papers explaining the approach they would like to take. It appears that a transition period is now generally accepted as a necessity to manage the trading relationship that will eventually transpire. Companies throughout Europe are starting to influence the politicians to accept that it is in their interests and the EU economy to prevent sudden disruption when the UK officially leaves the EU. read more

Financing Investment

WEEKLY COMMENT 10-08-2017

By Barry Edwards

Financing Investment

The Institute for Public Policy Research (IPPR) Commission on Economic Justice has recently published a discussion paper entitled ‘Financing Investment, Reforming finance markets for the long-term’.  The IPPR is a landmark initiative to rethink economic policy for post-Brexit Britain. Launched in November 2016, the Commission brings together leading figures from across society – from business and trade unions, civil society organisations and academia – to examine the challenges facing the UK economy and make practical recommendations for reform. If you click on the link below you can read the paper, it is 35 pages of script and it is well worth reading; read more

CBI Industrial Strategy

WEEKLY COMMENT 27-07-2017

By Barry Edwards

CBI Industrial Strategy

 

The Confederation of British Industry (CBI) has published this week their response to the government’s Industrial Strategy green paper published on 23rd of January 2017. The CBI paper is a very thorough analysis and is a very comprehensive response with recommendations that enhance the discussion and the contribution from their members was impressive.

Since the publication of the green paper, the CBI has consulted with over 500 members, large and small, from different sectors up and down the country. The response was overwhelming – CBI members are extremely supportive of a modern industrial strategy. They agree with the high level goals, and believe the Government has identified the right issues and asked the right questions. The 10 pillars outlined in the green paper were broadly welcomed as the starting point for a transformative industrial strategy. If you click on the link below you can read the CBI response, it is 30 pages long and well worth reading. There is a summary of all the recommendations on page 29; read more

European Banks  

WEEKLY COMMENT 20-07-2017

By Barry Edwards

European Banks

 

There has been a lot of comment this week about European banks and the vast amount of non-performing loans (NPL) that they have accumulated since the financial crisis in 2007/8. The European Commission have been planning to re-awaken the securitisation market to allow some of these NPL’s to be securitised and issued as bonds. However the Commission has ruled that they will not allow self-certified mortgages to be included in these issues which has thrown a spanner in the works. Many of these mortgages prior to the crisis were self-certified as they were in the UK and USA although that has now been disallowed in most countries. read more

Brexit Negotiations

WEEKLY COMMENT 13-07-2017

By Barry Edwards

Brexit Negotiations

The comments and statements coming from politicians and commentators are particularly confusing if you are trying to work out the approach that the government is taking concerning the Brexit negotiations. The only thing that is clear is the fact that politicians from all parties have very different ideas about the outcome they would like to see. It is now fairly obvious that many people and politicians had not really thought deeply about the consequences of Brexit and what it will mean for the country. The appalling debate prior to the referendum clearly demonstrated the lack of understanding about the detail involved in negotiating the final settlement. read more

Government Expenditure

WEEKLY COMMENT 6-07-2017

By Barry Edwards

Welcome to the first post on the new site taking over from the Txtreme Business Forum which hosted the Weekly Comment since January 2013. The Barry Edwards and Associates blog is now fully functional and will be commenting on a wide range of subjects as before although there will be more contributors writing papers and posting regularly to engage discussion from those of you who wish to comment. We hope you find the content thought provoking and look forward to your participation in the years to come as the site evolves and develops to become one of the most active blogs. read more

CHANGE OF WEBSITE FOR THE WEEKLY COMMENT

CHANGE OF WEBSITE FOR THE WEEKLY COMMENT
Txtreme – Online multiple text messaging service with SMS Developer API

Txtreme - Online multiple text messaging service
Txtreme – Online multiple text messaging service with Developer API

The Txtreme weekly comment has changed to this new site since the regular posting on subjects unconnected with text messaging conflict with the business activity of Txtreme and cause the ranking of the site to be compromised.

It has been decided that a new site should be set up to help resolve this problem and in future the weekly comment will be posted on this website – BarryEdwardsAndAssociates.com. read more

Swiss Style Brexit

WEEKLY COMMENT 27-04-2017

By Barry Edwards

Swiss Style Brexit

The run up to the UK general election has brought the debate about the Brexit negotiations to the forefront with all parties claiming they have the answer to getting the best deal. Similar to the pre referendum debate, the proposals put forward currently are as unrealistic as you can get when you look at the reality of what is achievable. It is about time that a serious proposal was discussed that has some possibility of being the framework that could form the basis of an agreement. read more