Posts

Showing posts with the label Europe

Mountains in Europe: These are the Best!

Image
According to http://travel.nationalgeographic.com, Europe's most wonderful mountains are the ones below!
We couldn't agree more!
1. Bicaz Gorges, Romania
2. Matterhorn Glacier, Switzerland
3. Riisitunturi National Park, Finland
4. Big Bear Peak, Montenegro
5. Arctic Fox, Iceland
6. Alpine Ibex, Italy
7. Mountains, Iceland
8. Roussanou Monastery, Greece
9. Caucasus, Russia
10.Forest, Montenegro

The clock is ticking to get your money out of the Euro-zone

Image
During the last 3 quarters of 2013 the dust slowing settled over the dramatic events that led to the Cyprus economic crisis in March 2013. Subsequently, we consider it a poignant moment to remind all PT's that the clock is now ticking to get your money and assets out of the Euro-zone.
What happened in Cyprus? In essence, 2 formally arrogant Cypriot banks (BoC and Laiki Bank) in synergy with the Cyprus Government committed what is best described as a bank robbery in broad daylight. Moreover, it was something heavily pushed by the EU under the auspices of the Troika and the IMF.

Due to the weak response of the Cypriot Public at large (excluding some serious legal cases) to this theft, in general the Cyprus Government and the EU authorities are now sensing that they got away with it! Many Cypriots and foreigners alike trusted the banks and the Cyprus Government with their hard earned money. Cyprus is supposed to be an EU country, yet no protection of private property or basic human r…

Top worldwide events in March-2015

Image
The name of March derives from the Latin name "Martius", the first month of the earliest Roman calendar. It was named for Mars, the Roman god of war, a guardian of agriculture and an ancestor of the Roman people. Martius stood for the beginning of the season for both farming and warfare and the festivals held in his honor during the month were mirrored by others in October, when the season for these activities came to a close.

Many cultures and religions still celebrate the beginning of the New Year in March. March starts on the same day of the week as November every year and February in common years only. March ends on the same day of the week as June every year.

This month we have a jammed packed agenda as spring starts within the Northern Hemisphere.

 Here are the top worldwide events for March 2015

27. Feb - 15. March AUSTRALIA, Adelaide Festival- the country's largest and possibly wackiest festival. A huge, colourful and unhinged event - Edinburgh in the sun…

Europe's 10 cheapest cities to visit

Image
As we live in a age of austerity with the continental countries of Europe facing unprecedented EU challenges, such as escalating inflation rates, higher VAT and with the general impact of the credit crunch and import costs, future tourists are starting to look carefully which destination offers the best value for summer 2013 or a winter break.
Here below is the updated list of Europe's 10 cheapest major cities to visit.
The greatest surprise on the list is London, which due to the fact it is outside the EU prices are relatively falling enabling it to reach Europe's bargain hotspot top 10 for the first time in 5 years. This is good news for Olympic Games visitors, however we must balance this information with the recent increase in exchange between the euro and the Pound Sterling, making it more expensive to buy GB Pounds now than in the last 5 years or so.
It's interesting to see that London is sixth on the list and the Norwegian capital Oslo last.
10 Cheapest European Cit…

Europe's 10 cheapest cities to visit

Image
As we live in a age of austerity with the continental countries of Europe facing unprecedented EU challenges, such as escalating inflation rates, higher VAT and with the general impact of the credit crunch and import costs, future tourists are starting to look carefully which destination offers the best value for summer 2013 or a winter break.

Here below is the updated list of Europe's 10 cheapest major cities to visit.

The greatest surprise on the list is London, which due to the fact it is outside the EU prices are relatively falling enabling it to reach Europe's bargain hotspot top 10 for the first time in 5 years. This is good news for Olympic Games visitors, however we must balance this information with the recent increase in exchange between the euro and the Pound Sterling, making it more expensive to buy GB Pounds now than in the last 5 years or so.

It's interesting to see that London is sixth on the list and the Norwegian capital Oslo last.

10 Cheapest European Cit…

Europe Slammed by its own Latest Poll!

Image
Paradoxically, EU people and non-EU people seem to have one thing in common; lack of trust in the European Union.

Traditionally, Britain was always the most consistently Euro-skeptic country within the EU. Since the recent raft of Bail-Outs, that has now changed.
According to the most recent survey conducted in the UK, a shocking 68% of UK citizens don't trust the EU, however that number is even greater in Cyprus, Spain, Greece, Portugal and even more.
Just to get an idea, a worrying 83% of Cypriot citizens say they do not trust the EU decisions. It's not surprising that the vicious Troika cocktail of austerity, doom and gloom which has been forced on the unsuspecting people of the EU bail-out countries is deeply unpopular.

Interestingly, the Poll of 32,000 people across a section of people within the Euro-zone was paid for by Brussels. 
The unpleasant and revealing results for the unpopular European Commission were semi concealed, as they were not featured in any Press Relea…

The True Story of The Tulip - Holland

Image
The next few lines will sound like a fairy tale to you, but actually this is the true story of the tulip.

Many years before, there was a flower unable to settle down anywhere. From the mountains in Kazakhstan, people tried to plant it in Persia, China and Turkey with no success when a Dutch scientist took the flower bulb with him to a small European country.

In this small country, the climate and soil facilitated its growing, and the inhabitants went crazy for it immediately. Soon it became the national symbol of the country.

Thanks to this scientist, we can enjoy the following pictures!






Cyprus Financial Crisis: How, When & Why

Image
The Cypriot financial crisis was generated by the exposure of Cypriot banks to the Greek debt haircut, the downgrading of the Cypriot economy to junk status by international rating agencies and the inability of the government to refund its state expenses.

In September 2011, just 2 months after the Evangelos Florakis Naval Base explosion, the credit rating of Cyprus was downgraded by all major credit rating agencies. Despite Cyprus's population and small economy, the island has a large off-shore banking industry that was shaken to its foundations during the financial turmoil. With a total amount of €19.5 billion, the country was unable to stabilize its banks.

A report published a year ago by a team of 16 Cypriot economists attributes the causes of the crisis to sliding competitiveness and increasing public and private debt that were exacerbated by the banking crisis.
Since January 2012, Cyprus has been relying on a €2.5 billion emergency loan from Russia to cover its budget defici…

Danger Ahead: Beware of Investing in the Eurozone!

Image
The story of recent unfolding events linked to the Cyprus economic crisis and eventual so called “Bail-In” deal, will now likely play out across Europe and beyond as EU citizens and foreign investors holding deposits within the EU start to contemplate this question “Could it happen to me?”.
In an unprecedented step the Troika (name given to the collection of EU & International money lenders) forced the recently elected Cypriot Government to accept what basically amounts to daylight robbery of depositors accounts within the 2 main Banks of Cyprus (Marfin Popular Laiki Bank and Bank of Cyprus). Everyone with more than 100,000 euro deposited within these 2 Banks will surely lose out in a significant way.

Question is, what will the people of other economically struggling member nations think now? Greece, Spain, Ireland and Portugal already received Bail-Outs and more are possible down the line. Behind EU closed doors it is thought that the Cypriot so called “Bail-In” is a kind of pilot …

Swiss Government continue to take measures to maintain a weak Franc

Image
The Swiss National Bank (SNB) has retained a strong stance in terms of its national currency the Franc. The Franc has performed particularly well when pitched against the Euro in recent times, so the SNB has taken measures on a number of occasions to maintain the currency as weak as possible, to stimulate the country’s exports.
The Bank has mainly been focusing on the exchange rate with the Euro, as this region is the one where most Swiss export transactions take place. The price floor in the EUR/CHF currency pair at the present time is seen to be at around the 1.20 mark. Prices have been around this region (with very low volatility levels) for a long time this year.

However, people involved in the market of selling positions have impacted on this price floor, as the Swiss Franc, brief though it was, rose above the 1.20 when up against the Euro. It briefly brought the credibility of the central bank into question and raised the idea that we could see other price floor breaches in the …

2011: A vintage year for the European consumer

Image
 Ensuring consumers benefit fully from the EU's Internal Market is the work of Parliament's Internal Market and Consumer Protection committee or "IMCO" and it's off to a flying start to 2011, with the Consumer Protection Directive on its agenda this month. More will follow, from strengthening e-commerce and modernising package holiday rules to facilitating the introduction of innovative fibres in clothing and new, safer, materials in buildings. Watch this space, 2011 holds a lot of promise.

One Directive to unite them
The proposed Consumer Protection directive has one goal above all: to ensure maximum, although by no means total, harmonisation of consumer protection provisions throughout the European Union. As a legal instrument it will replace four existing directives, covering all forms of consumer rights, including protection from unfair terms imposed on consumers and the right to simply change their mind and walk away from a purchase they made over the inter…