“I know that many people are calling for lower interest rates as a solution to these turbulences, but I have serious doubts that this would be a solution,” Almunia said at an economic policy conference. Global imbalances such as the US current account deficit and China’s massive trade surplus were underpinning the current financial market turmoil, Almunia said, adding that he couldn’t rule out a disorderly unwinding of these imbalances. (fxstreet)
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
