Published time: April 16, 2014 08:08… 802 more words
Tags » European Central Bank
BUDAPEST — Few central bankers are as quotable as Gyorgy Matolcsy.
There was the time Mr. Matolcsy, head of Hungary’s central bank, said, “Hungarian tribes 1,500 years ago were well known for their three unique skills: brain surgery, hospitality and gastronomy.” Or when, echoing the views of a Korean economist, he wrote that “the telegraph and the washing machine have made a real revolution in society,” but “the Internet hasn’t.” Or when he proclaimed that the Hungarians and the Japanese are related because some of their babies have red dots on their backsides. 1,171 more words
PressTV: Deflating the American bully, the world raises its fists . . . This statement is in itself a defining moment. Don't miss reading it!
If you do not understand what is being said here, you need to start reading, you need to gather information until you do. It is that important! 1,858 more words
European banks have set aside tens of billions of euros for covering loan losses in their latest annual accounts as a preparation for the the ECB stress tests that will take place in the next few months. 13 more words