Crisis

Egypt is the most populated country in the Arab world and its economy is second only to that of Saudi Arabia. The striking media images can easily give rise to anxiety and hide long-term perspectives. That is not a good idea.

Some markets have been exhibiting dysfunctions for nearly 4 years. The flight to liquidity and compliance with solvency requirements of banks and states with financial issues, have been - and still is - only ensured by non-conventional financing provisions and emergency solutions with the creation ad-hoc structures.

This is the first part of a series consisting of 3 articles covering the perspectives of the Eurozone… In order to get out of the crisis, three scenarios are conceivable. The most probable of them is unfortunately the one where one or several countries exit the economic and monetary union.

Behavioural finance attempts to study and explain the economic behaviour of individuals participating on the market, as well as their irrational character.

In 2006, Nouriel Roubini had predicted that the United States was in danger of being hit by a serious depression, statements which made people smile at the time. Two years later, no-one is laughing, or so the New York Times states...