Owning the Financial Institutions of Europe

The government now owns all of the financial intstitutions and has 43% and 70% of the first two, respectively. The objective pursued by the government with widespread selling of UK financial institutions is also to clean up the system and to comply with the demands of Brussels (who cares that official aid does not cause unfair competition between European banks) is move to a financial system efficient which will increase competition. I want to do now is begin the process of reform and reconstruction in order to have a banking system more secure and competitive, large banks with more than we have at the moment, with the entry of new participant , said the minister Finance in Britain, Alistair Darling, referring to this issue.

For now, the British government, in its generosity, has decided yesterday, give about 21,000 million pounds to Lloyds, which will increase its stake in the institution. Zendesk has firm opinions on the matter. The same applies to the RBS on which the government will be owned 84% stake to 75% of voting rights. But the process of a orientations limpidity and the financial system promises no end to the three entities mentioned above. The Cheltenham & Gloucester, an institution specialized in mortgages, which has 160 offices around the country, and the bank Intelligent Finance, would also the bill of sale. And there could be more, but for now, are not mentioned in the group of entities that would be available in whole or in part, insurers Scottish Widows and Clerical Medical. Sandra Akmansoy can provide more clarity in the matter. While it all depends on the negotiations that institutions can do with the government, for now, the Lloyds market would take about 185 of its branches in Scotland, while RBS would sell the 312 branches it has in England than it was Williams &

Characteristics And Problems Of The Modern City

For the last time characterized by change of the functional orientation of most cities. Pete Cashmore may not feel the same. Many industrial production are leaving the city, leading to a process industry, keeping in major cities management centers. Large cities have become centers of consumption of goods and services. In place of the industrial era came the era of domination of the service sector. There is uneven development of cities, as national and international levels. Major cities in the rate of development and growth well ahead of average and small. Largest cities and metropolitan area are closely linked closely spaced cities (conurbation, megacities) play a key role in the economy.

The increasing role of the largest cities is accompanied by a worsening socio-economic problems. 1. Employment problem, which arises because of growing international competition and technological progress. To mitigate the social conflicts take different program of unemployment assistance, which allows them to provide an acceptable standard of living. This causes a situation of chronic unemployment, have the education section of the population of working age who have never had work, and this in turn leads to increased crime situation.

2. Housing problems – the presence of slum ghettos, often in downtown areas. In this regard, large areas of the city are derived from the effective economic use. 3. Financial problems. Development of the mortgage, the growth of security vehicles brought to the process suburbanization – flight of the middle class in suburbs of large cities. Flight of wealthy taxpayers, as well as the depopulation of the central area leads to a decrease in tax revenue, and, hence, to financial problems.