Cristina Fernandez, President of Argentina

Argentina’s president, Cristina Fernandez, has issued a bill which has the purpose of nationalizing 10 of the country’s private pension funds.

She declared that this is a protective measure against the global financial crisis, and it is safer if the almost $30 billion of investments are administrated by state authorities.

The bill is yet to be approved by the Congress, but as the ruling party has the majority, it will probably get through.

This initiative came out of Read More…

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Posted under International, Politics

Bank of England

In view of the financial crisis that has been affecting the entire world, and especially the banking system, the British government is currently analyzing the possibility of partially nationalizing the Bank of England in order to invest capital into it.

The Prime Minister Gordon Brown has made several statements according to which the Government is Read More…

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Posted under Business, Finance Markets, International