.... Further, reflecting the high average level of skill, Germany’s minimum wage is far, far higher than wages in Syria, which reflected average levels of productivity of Syrian workers: per capita incomes in Germany are around 20 times higher than those in pre-conflict Syria. Consequently, inserting Syrian refugees based in Germany into the global economy
is going to be difficult. ...
[Read full article on Guardian
Wednesday 22nd of March 2017 06:00:27 AM
....The background against which it wants banks to test themselves includes "a sudden increase in the rate of return investors demand for holding sterling assets [which would mean higher interest rates on government bonds] and an associated fall in sterling". Under its annual cyclical scenario, banks must show they can cope with a recession in the global economy
and in the UK, interest rates peaking at 4%, and with house prices falling by a third. ...
[Read full article on BBC
Monday 27th of March 2017 11:43:00 AM