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<title>Yields on European government bonds by Les Nemethy</title>
<description><![CDATA[
The chart below represents one of the most important charts for European financial markets in 2011, perhaps even for global financial markets*:











*Lou Basenese, Seeking Alpha








This chart may be broken into three phases:





In the pre-1999, pre-euro introduction phase, each country had its own interest rate on government bonds. Even before the ...]]></description>
<pubDate>Wed, 01 Feb 2012 12:27:16 +0100</pubDate>
<link>http://www.wbj.pl/blog/Corporate_Finance/post-335-yields-on-european-government-bonds.html</link>
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<title>The power of compound interest as applied to the current debt crisis by Les Nemethy</title>
<description><![CDATA[
Albert Einstein said that the greatest force in the universe is the power of compound interest. What we have seen over the past decades in US credit markets is compound, even exponential growth. In the chart below, the blue curve shows a perfect exponential curve, the red curve shows the ...]]></description>
<pubDate>Wed, 01 Feb 2012 12:22:26 +0100</pubDate>
<link>http://www.wbj.pl/blog/Corporate_Finance/post-334-the-power-of-compound-interest-as-applied-to-the-current-debt-crisis.html</link>
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<title>Poland right to sign fiscal treaty, despite conditions by Remi Adekoya</title>
<description><![CDATA[Prime Minister Donald Tusk has decided that Poland will join a European fiscal pact with 24 other EU countries, despite some of Poland's main demands not being met at a summit in Brussels on Monday. 

&ldquo;[The agreement] does not satisfy us 100 percent but we have decided to sign the ...]]></description>
<pubDate>Tue, 31 Jan 2012 12:47:33 +0100</pubDate>
<link>http://www.wbj.pl/blog/The_business_of_politics/post-333-poland-right-to-sign-fiscal-treaty-despite-conditions.html</link>
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<title>Find baby Magda by Andrew Kureth</title>
<description><![CDATA[
Below find my comment to readers that will appear in Monday's edition of Warsaw Business Journal. We felt it was appropriate to place it here, on the blog, before WBJ went to press.


&nbsp;


&nbsp;


Dear readers,


It is rare that I take the opportunity as editor-in-chief to address you directly. As a newspaper, ...]]></description>
<pubDate>Sat, 28 Jan 2012 00:30:42 +0100</pubDate>
<link>http://www.wbj.pl/blog/From_the_editor/post-332-find-baby-magda.html</link>
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<title>The importance of cash flow by Les Nemethy</title>
<description><![CDATA[
Running a small or medium-sized
enterprise (SME) can be compared to piloting an aircraft. In the
achievement of your objectives, you keep your eye on certain
controls. As velocity and altitude are typically the two most
important gauges for a pilot, for the owner of an SME, it is usually
profitability and cash flow. Too ...]]></description>
<pubDate>Wed, 25 Jan 2012 10:03:05 +0100</pubDate>
<link>http://www.wbj.pl/blog/Corporate_Finance/post-331-the-importance-of-cash-flow.html</link>
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<title>EU decision-makers biggest allies of Poland's euroskeptics  by Remi Adekoya</title>
<description><![CDATA[

One would be hard put to
find a government in Europe that has taken a more pro-EU stance than
Poland&rsquo;s. Throughout the country&rsquo;s six-month 2011 presidency of
the EU, Prime Minister Donald Tusk and Foreign Minister Radosław
Sikorski repeatedly voiced their commitment to the 27-nation bloc,
saying the solution to the continent&rsquo;s sovereign-debt crisis was
&ldquo;more ...]]></description>
<pubDate>Tue, 24 Jan 2012 15:01:54 +0100</pubDate>
<link>http://www.wbj.pl/blog/The_business_of_politics/post-330-eu-decision-makers-biggest-allies-of-polands-euroskeptics.html</link>
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<title>Ratings agencies, credibility and nationality &#8211; where is all this going? by Andrew Kureth</title>
<description><![CDATA[
As we continue our coverage of the European sovereign debt crisis, the focus has once again turned to credit agencies (see&nbsp;today's story, more in next week's WBJ). Again, European leaders are calling for a &ldquo;European&rdquo; rating agency that would be more &ldquo;credible&rdquo; and &ldquo;transparent&rdquo; than the current Big Three (Moody's, ...]]></description>
<pubDate>Tue, 17 Jan 2012 14:31:51 +0100</pubDate>
<link>http://www.wbj.pl/blog/From_the_editor/post-329-ratings-agencies-credibility-and-nationality-8211-where-is-all-this-going.html</link>
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<title>2012 starts badly for ruling party by Remi Adekoya</title>
<description><![CDATA[

Almost immediately after the start of
the new year, Poland found itself engulfed in confusion due to
changes the government had implemented to prescription-drug laws.


With doctors protesting the changes,
many pharmacists and patients have been left confused &ndash; and in many
cases extremely frustrated.


Doctors, obliged by the new regulations
to state the exact level of ...]]></description>
<pubDate>Tue, 10 Jan 2012 10:55:23 +0100</pubDate>
<link>http://www.wbj.pl/blog/The_business_of_politics/post-328-2012-starts-badly-for-ruling-party.html</link>
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<title>Europe divides Poland by Remi Adekoya</title>
<description><![CDATA[

The last few weeks have seen Polish
domestic politics dominated by discussions on Europe and for as long
as the continent's crisis continues, that is likely to be the case.
It is the attitude towards Europe that has drawn the line of
demarcation between the competing parties in Poland.


On the one side we have ...]]></description>
<pubDate>Tue, 20 Dec 2011 11:59:08 +0100</pubDate>
<link>http://www.wbj.pl/blog/The_business_of_politics/post-327-europe-divides-poland.html</link>
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<title>Sikorski and the Fourth Reich by Remi Adekoya</title>
<description><![CDATA[

The current political discourse in
Poland is still being dominated by Foreign Minister Radosław
Sikorski's speech in Berlin last week. Mr Sikorski's vision of a
European federation (led by Germany) was always going to be divisive
in Poland.


A nation partitioned and removed from
the map for 123 years only to be thrust under Soviet control ...]]></description>
<pubDate>Wed, 07 Dec 2011 11:34:59 +0100</pubDate>
<link>http://www.wbj.pl/blog/The_business_of_politics/post-326-sikorski-and-the-fourth-reich.html</link>
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