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General Rescue, Restructuring & Recovery Turnaround

New article published

My first article for the international publication, the Journal for Corporate Renewal (JCR), has just been published.
It discusses the rise of consensual restructure in the UK and Europe.
You can read it here:

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Banks, Lenders & Investors Finance General Turnaround

Europe – an uncertain export market for UK?

Several eminent economists have attacked the Eurozone’s post-2008 economic strategy and warned that it could blunder into depression.
During a recent gathering of Nobel prize-winning economists at Lake Constance, Germany, Prof Joe Stiglitz said austerity policies had been a “disastrous failure”, while Prof Peter Diamond said: “Historians are going to tar and feather Europe’s central bankers”.
With Germany’s economy slowing, growth in France stagnating, leading to a mass Government resignation at the weekend, and Italy and Cyprus also contracting this is not good news for the UK’s businesses.
Europe is traditionally the UK’s biggest export market and the current situation is not encouraging despite economic recovery and signs of growth in the UK.
In fact, they are facing a double whammy because £ Sterling is so strong at present making exports to Europe expensive and therefore impacting on both margins and sales. And, if, as has been suggested the European Central Bank embarks on printing more money (quantitative easing) to ease its own dire situation this will further impact on UK sales to Europe by making exported goods and services even more expensive for European customers.
There is a genuine concern that any UK export-led growth, especially to Europe, could be stifled by the high value of £ Sterling.
In this uncertain market businesses, as we have said before, will need to broaden their horizons and look for export opportunities elsewhere.
Has anyone any suggestions for a promising potential export market and also which UK sectors might benefit?

Categories
Finance General Uncategorized

Knowledge of history may help us avoid making the same mistakes

Empires at outbreak of WW1
Today 100 years ago Britain declared war on Germany.
Alarmingly many of the circumstances that led us to war then are being repeated today.
During the early 1900s the Empires of Austria-Hungary, Russia and Germany could not reach agreement over the Balkans. The Ottoman Empire was shrinking. Alliances between the various countries obliged support in the event of war.
Russian political manoeuvring in the region destabilised the situation. Unrest among the Serbs, Croats and Bosnians led to local militia seeking to establish control.
Demands were made, which when not fully met justified Austria-Hungary declaring war against Serbia on 28 July 1914.
The Russians weren’t prepared to lose their influence so they partially mobilised on the 29th.
The Germans mobilised on the 30th so the Russians responded by fully mobilising.
The Germans declared war against Russia on the 1st August 1914.
On 4th August, Belgium sought neutrality and refused to allow German troops to cross its borders, Germany declared war on Belgium so that day Britain honoured its alliance.
Does any of this resonate with the current situation in Ukraine?