A common treasury: the Euro’s future The euro crisis is a direct consequence of the crash of 2008. When Lehman Brothers failed‚ the entire financial system started to collapse and had to be put on artificial life support. This took the form of substituting the sovereign credit of governments for the bank and other credit that had collapsed. At a memorable
Premium European Union European Central Bank Eurozone
Chapter 8. CASH MANAGEMENT AND THE TREASURY FUNCTION1 A. THE TREASURY FUNCTION Governments need to ensure both efficient implementation of their budgets and good management of their financial resources. Spending agencies must be provided with the funds needed to implement the budget in a timely manner‚ and the cost of government borrowing must be minimized. Sound management of financial assets and liabilities is also required. Financial management within the government includes various
Premium Public finance Money Tax
Regional strategies for global leadership As the rising tide of globalization‚ some companies may lost the way or make mistakes to set out to create a worldwide strategy. In fact‚ better results come from strong regional strategies‚ which is the bridge that connect the local and global initiatives‚ and can significantly boost a company’s performance. The role and importance of regions According to the article‚ an increasing number of companies regard regions as enabler of cross-border integration
Premium Region Geography Economics
Case Study: Fiat Auto and General Motors Alliance Case Study: Fiat Auto and General Motors Introduction The economic crisis and other factors‚ affect different companies in the global market and automotive industries are not exempted. In order to cope with economic problems within the industry‚ different companies try to find the most efficient ways to save the company and one of these is through the consideration of merging or going into alliance. In alliance‚ both companies
Premium Automotive industry Strategic management General Motors
Flight Centre founded by Graham Turner in 1981. Flight Centres vision is ‘To be the world’s most exciting travel company‚ delivering an amazing experience to our people customers and partners. Well haven’t they achieved this‚ having won market global market share. Is an extremely successful company considering he started out with just one bus. In Australia alone Flight Centre has 1152 business units. These cover holidays‚ cruises‚ rail and flights. Turner was quite innovative in his management
Premium Travel agencies Employment
administration. It is also an area which is homogeneous in respect of some particular set of associated conditions‚ whether of the land or of the people‚ such as industry‚ farming‚ distribution of population‚ commerce‚ or the general sphere of influence of a city. A region in general terms is envisaged as a natural unit‚ in contrast to the artificial unit created for administrative purposes. In practice a prefix is added to highlight the attributes on which the region has been defined‚ for example‚
Premium Economics Economy Economic development
The Centre of Gravity & its relationship to the Application of Sports Massage Introduction Every object has a centre of gravity‚ which‚ when combined with other factors such as the line of gravity‚ enables an object to balance. If a person or object moves or changes shape‚ the centre of gravity will also move. This is important to remember when discussing sports massage as the therapist is constantly moving‚ making them vulnerable to being unbalanced or unstable. So to be able to conduct a safe
Premium Massage Physical therapy Manual therapy
CALL CENTER A call centre or call center is a centralised office used for the purpose of receiving or transmitting a large volume of requests by telephone. An inbound call centre is operated by a company to administer incoming product support or information inquiries from consumers. Outbound call centers are operated for telemarketing‚ solicitation of charitable or political donations and debt collection. In addition to a call centre‚ collective handling of letters‚ faxes‚ live chat‚ and e-mails
Premium Computer telephony integration Call centre Telemarketing
issue of Detention centres and whether or not there uses are necessary to protect our nation is a subject of great debate. This issue seems to fall into a moral grey area‚ as not having them would be morally wrong in that we would be letting anyone from anywhere into our country thus leaving unchecked entries of possible terrorists and other sorts of plausible threats. But having them still‚ at the same time‚ falls into this moral grey spot. The reason that these detention centres exist is because
Premium Australia Detention Immigration
Regional Trade Arrangements Table of Contents: Types of Regional Trade Arrangements Free Trade Agreement Customs Union Common Market Economic Union Regional Trade Arrangements: Case Studies NAFTA EU GCC Union Benefits and Costs of Regional Trade Arrangements Welfare Effects of Regional Trade Arrangements Static Effects of RTAs Dynamic Effects of RTAs Conditions inducing Regional Trade Arrangements World Trade Organization and Regional Trade Arrangements Multilateralism
Premium International trade European Union World Trade Organization