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Who will the proposed EU Finance Minister represent?
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The European Commission has published proposals that envisage Europe having its own Finance minister as soon as 2019. However, the proposals appear to conflate the Eurozone – those countries already in the Euro – with the EU. This will increase fears in some non-Euro members, that they are being marginalised.

It is true that when Britain leaves Europe, 85% of the European Union’s economic output will be produced by the Eurozone. However, 24% of the EU’s population lives in the non-Eurozone countries. These countries include Poland and Hungary which are meant to join...

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Practical Advice
5 Tipps for your business plan
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A good business plan should help you plan and to better stay motivated and to align your expectations with the market realities. In essence, it serves as a roadmap for your business and its vision. Here are 5 tips on how to write a successful business plan;


1. Keep it brief

Your business plan should highlight the primary objectives of your business that interest the reader. The main aim is to create sufficient interest to the reader or a potential investor. 


2. Don’t oversell your business

Many entrepreneurs fall into the trap of overselling their business, which...

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Smart Contracts, An Easy Way o Procure Transactions
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Trust is one of the core values in any business transaction, but not everyone honours their part of the agreement. A smart contract plays the role of automatically honouring business deals via a transparent platform. Buyers and sellers find confidence transacting over a smart contract to avoid any foul play. 


The Role of Technology in Smart Contracts

Blockchain technology has brought about a revolution in how business transactions are being conducted and especially those which traders conduct online without having any physical meeting. There exists a system where delivery of...

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Italy's Economy Recovers Despite Underlying Problems
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With forecasts of 1.5% GDP growth for the year, Italy's economy continues its gradual recovery after many years of struggle. The country saw a loss of around 9% of its GDP between 2008 to 2013 during the financial crisis. However, recent figures show a 0.4% reduction in unemployment as business confidence grows and Italy benefits from the general economic improvement across Europe. Yet for all the positive signs, structural issues still remain in the economy, which along with future political elections could have a negative impact.


Underlying Problems Remain

Italy's economy...

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How Predictive Analytics Disrupts the Status-Quo
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Among the emerging technologies which have gained widespread acceptance, and have the potential to cause significant disruptions, is predictive analytics. Predictive analytics measures and analyses variables, to unearth patterns, and predict the likely behaviour of machinery or people


How Predictive Analytics Works

The emergence of Big Data has fuelled the growth of predictive analytics. A data model for predictive analytics co-opts many variables likely to influence the outcome of an event. Predictive analytics software applies advanced algorithms and statistical...

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EU Blacklist Could Mean Paradise Lost
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The release of more data concerning the tax arrangements of multi-national companies and wealthy individuals has seen the EU endeavour to step up its efforts to reduce tax avoidance. The so-called “Paradise Papers” contain confidential information from the Bermuda law firm Appleby Group Services Ltd, and although they disclose legal tax arrangements, they are increasingly viewed as an unethical way to divert money which could have gone in to public coffers for spending on public services.


A Tax-Haven Blacklist

For the last year, the EU has been discussing a blacklist on...

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ECB Starts Roll-Back its Stimulus Programmes
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The European Central Bank (ECB) has started to reduce its monetary stimulus package, introduced as a means to help affected member-states recover from the sovereign debt crisis that struck them about a decade ago. 


Reduction of Monthly Bond Purchase Programms

As the first step in the roll-back process, ECB has decided to halve its bond-buying programme. From January 2018, the ECB will be buying only €30billion worth of bonds sold by Eurozone countries, on a monthly basis, compared to the present €60billion worth of monthly purchase. The bond-buying programme, launched...

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Basel IV? Not if France and the US can stop it
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The disagreement between bankers, finance ministers, and the Basel Committee which regulates banks, continues. 

Basel III is the post-financial crisis regulatory framework which forces banks to hold much higher levels of capital, to ensure that they can maintain liquidity in the event of another crisis. Disgruntled bankers insist that the Committee’s latest proposals amount to “Basel IV”. The Committee denies this and describes what it is doing as simply a “recalibration” of Basel III.


France and the USA oppose further circumscriptions

Whether this...

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MiFID Is Getting An Update
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MiFID is a Financial Instruments Directive that governs markets. It has been in use in all European Union member states since November 2007. MiFID is a crucial EU regulation of the financial markets that seeks to improve the efficiency and competitiveness of the markets by creating harmonized investment services for all activities related to the financial markets. This guarantees all investors in financial instruments advanced and harmonised protection.



In 2011, the European Commission parliament agreed to a proposal of revising the MiFID policy. The proposal was in the...

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3 Financial Problems which Only Artificial Intelligence Can Solve
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Artificial intelligence, AI, has been developing for over five decades. Its development has gained more traction in the last five years than the rest of the years combined. Advancements in cloud computing, machine processing speeds, big data and open source software have been the key catalysts. The technology is a promising solution to some crucial trading problems which include accounting, fraud, and algorithm analysis.


1. Automated Accounting

Accounting in business is just as labour intensive as it is error sensitive. Using AI in the financial industry will automate the entire...

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