machine for the money

According to the BBC, Credit Agricole plans “a truth transaction accounts” whose final order is expected in February 20. The bank would consider the possibility of moving additional provisions to reduce the amount of goodwill in its accounts.

Goodwill represents the difference between the amount paid to acquire a company and the book value of that asset. In late September, they reached 17.4 billion euros, of which 5.2 related subsidiary LCL, according to the updated document.

The European financial markets supervisor (Esma) has recently found that too few companies had adjusted their balance sheet the fair value of their purchases, such as accounting standards require. Continue reading

Economists, sociologists, political deliver the same explanation. If Spain is not in fire and blood, despite its 6 million unemployed, 26% of the workforce, thanks to the underground economy, which represent more than 20% of GDP. But also, and especially, to colchón (“mattress”) family. In other words, solidarity. Almost too weak a word to summarize helps families their loved ones in times of crisis. Rate roof or money is valuable when more than 55% of those under 25 are unemployed, when nearly 1.8 million households have all their members unemployed and one in five (one child four according to UNICEF) lives below the poverty line.