Fisher Capital Management Warning On Debt

http://www.business-standard.com/india/news/euro-zone-leaders-get-warningcentral-bankers/448231/



Germany is divided over Europe’s bailout fund. Finland may be jeopardising Greece’s latest rescue. And Italy is suddenly backpedaling on austerity.

Jean-Claude Trichet and Mario Draghi, the current and incoming presidents of the European Central Bank, had a sharp message for Europe’s leaders on Monday as financial markets swooned: Get your act together.



At a conference in Paris focusing on the world three years after the collapse of Lehman Brothers, Europe’s top central bankers couched their admonishment in diplomatic terms. But the warning was clear: Politicians are still not moving quickly enough to ensure that the European debt crisis doesn’t become seriously worse.



“The solvency of sovereign states should not be taken for granted,” Draghi said as the bond yields of Greece, Italy and other countries with weak finances jumped amid increased investor nervousness. Global stocks also posted steep declines amid worries about the health of the US economy and Europe’s sovereign debt woes.

Europe needs to “make a quantum step up in economic and political integration,” Draghi said.

Trichet, who will be replaced by Draghi when his term expires at the end of October, renewed his call for European politicians to “imagine a federal government, with...

http://www.business-standard.com/india/news/euro-zone-leaders-get-warningcentral-bankers/448231/



Germany is divided over Europe’s bailout fund. Finland may be jeopardising Greece’s latest rescue. And Italy is suddenly backpedaling on austerity.

Jean-Claude Trichet and Mario Draghi, the current and incoming presidents of the European Central Bank, had a sharp message for Europe’s leaders on Monday as financial markets swooned: Get your act together.



At a conference in Paris focusing on the world three years after the collapse of Lehman Brothers, Europe’s top central bankers couched their admonishment in diplomatic terms. But the warning was clear: Politicians are still not moving quickly enough to ensure that the European debt crisis doesn’t become seriously worse.

Hackers who obtained a fraudulent digital certificate for Google may have actually obtained more than 200 digital certificates for other top internet entities such as Mozilla, Yahoo and even the privacy and anonymizing service Tor.
Dutch certificate authority DigiNotar, which was hacked in July, has never acknowledged the number of fraudulent certificates the hackers managed to obtain, nor identified the possible targets other than Google.
But a Dutch security consultant told ComputerWorld this week that “about 200 certificates were generated by the attackers.”

Bank of Korea Governor Kim Choong-soo, right, holds a meeting with chief executives at the BOK’s headquarters in central Seoul yesterday. [NEWSIS]

Korea’s central bank governor cautioned companies, individuals and the government yesterday on the danger of taking on an unreasonable level of debt.

During a meeting with corporate executives yesterday, Bank of Korea Governor Kim Choong-so said, “corporations, the government and individuals should pay close attention to how much debt they take on.”

The BOK’s 25 basis point rate hike last Friday will increase interest payments for debt holders.

Bank of Korea Governor Kim Choong-soo, right, holds a meeting with chief executives at the BOK’s headquarters in central Seoul yesterday. [NEWSIS]

Korea’s central bank governor cautioned companies, individuals and the government yesterday on the danger of taking on an unreasonable level of debt.

During a meeting with corporate executives yesterday, Bank of Korea Governor Kim Choong-so said, “corporations, the government and individuals should pay close attention to how much debt they take on.”

The BOK’s 25 basis point rate hike last Friday will increase interest payments for debt holders.

Bank of Korea Governor Kim Choong-soo, right, holds a meeting with chief executives at the BOK’s headquarters in central Seoul yesterday. [NEWSIS]

Korea’s central bank governor cautioned companies, individuals and the government yesterday on the danger of taking on an unreasonable level of debt.

During a meeting with corporate executives yesterday, Bank of Korea Governor Kim Choong-so said, “corporations, the government and individuals should pay close attention to how much debt they take on.”

The BOK’s 25 basis point rate hike last Friday will increase interest payments for debt holders.