7 Reasons Why Europe's Recent Rally Could Be Short-Lived

With European leaders promising a debt crisis solution by the end of the month and all 17 countries having voted for the expansion of the EFSF, some renewed optimism has recently boosted the euro and European stock markets.

However, Europe's debt situation remains extremely complicated as it into its crucial EU summit on October 23.

Morgan Stanley's Global Currency Research team has outlined some major issues that they think will throw off Europe's path to a final solution.

In fact, they think the recent rally in the euro is just a short-term bear market rebound.  They see the euro at $1.30 in Q4 of this year and $1.25 in Q1 2012.

Please follow Money Game on Twitter and Facebook.
Follow Mamta Badkar on Twitter.
Ask Mamta A Question >

x

To embed this post, copy the code below and paste into your website or blog.

View the original article here

This post was made using the Auto Blogging Software from WebMagnates.org This line will not appear when posts are made after activating the software to full version.

BEHIND BARS: Europe's 20 Most Imprisoned Countries

  x You have successfully emailed the post.

The International Center for Prison Studies regularly compiles a list detailing the world's prison population.

The U.S. imprisoned nation on the planet. According to the organization, 756 people for every 100,000 are behind bars in America.

However, there are some European countries that aren't far behind.

Using the number of people in prison per 100,000 of the population, we've ranked Europe's most imprisoned countries.

NB -- There's definitely a geographical trend here, but there are also some wildcards that may surprise you.

Please follow Europe on Twitter and Facebook.
Follow Nick Jardine on Twitter.
Ask Nick A Question >

x

To embed this post, copy the code below and paste into your website or blog.

View the original article here

This post was made using the Auto Blogging Software from WebMagnates.org This line will not appear when posts are made after activating the software to full version.

These Are The Toughest Taxes For Europe's High Earners

  x You have successfully emailed the post.

The way that countries tax their highest earners has become a controversial issue recently, with calls for a so-called "Buffet Tax" to hit the richest.

If you earn a larger salary the unfortunate reality in most cases is you're going to have to pay more taxes.

We've collected the data from all the EU countries to show you which ones have the meanest personal income tax on top earners.

To calculate this, we've taken the minimum amount you need to earn in order to be described as a top earner for tax purposes in each country. Then, we've deducted personal income tax. The lower the net amount, the tougher the tax.

What you see is that while tax rates may vary, the very definition of what is a "high earner" may have an even larger affect.

Maybe it's time to start brushing up on your Slovakian...

Please follow Europe on Twitter and Facebook.
Follow Nick Jardine on Twitter.
Ask Nick A Question >

x

To embed this post, copy the code below and paste into your website or blog.

View the original article here

This post was made using the Auto Blogging Software from WebMagnates.org This line will not appear when posts are made after activating the software to full version.

Here Are Five Ways Europe's Debt Crisis Has Been Put To Good Use

Europe's debt crisis often seems like a giant snowball accelerating down a hill.

With each rotation, it picks up more destructive power.

Squabbling officials are tossed to the side, unable to agree on robust responses.

Citizens feel crushed.

Financial markets speculate on which country will be flattened next, and how that will affect the American economy.

And yet, Europe is not facing political or economic collapse.

The euro remains a resilient currency.

In fact, stepping back from the crisis provides quite a different view: lasting transformation that will – in the long run – strengthen the 27-member European Union as a whole, and the 17 nations that share the euro currency.

Reforms in the weaker euro economies on Europe's periphery – Greece, Portugal, Italy, and Spain for instance – are so dramatic, it's as if the Margaret Thatcher of the 1980s has hopped the English Channel.

These changes may not be sufficient to avert short-term problems, such as a further restructuring of Greek government debt or more instability reverberating from Italy’s notoriously dysfunctional political system. But in five critical ways, they will make the EU far better equipped to face long-term political and economic challenges.

This post originally appeared at The Christian Science Monitor.

View the original article here

This post was made using the Auto Blogging Software from WebMagnates.org This line will not appear when posts are made after activating the software to full version.