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	<title><![CDATA[edward hugh Resources | BNET]]></title>
	<link><![CDATA[http://resources.bnet.com/topic/edward+hugh.html]]></link>
	<description><![CDATA[White papers, case studies, business articles, and blog posts relating to edward hugh]]></description>
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		<title><![CDATA[Europe Needs Action, Not Words, From Greece's Finance Minister]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F178459-europe-needs-action-not-words-from-greece-s-finance-minister%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Edward Hugh submits:  &#8220;Today our biggest deficit is that of credibility.In the last years Greece lost all traces of credibility, which is why international institutions, partners want to see actions.&#8221; Greek Prime Minister George Papandreou As the Economist points out, and as I personally can confirm (since I am...]]></description>
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		<pubDate>Wed, 16 Dec 2009 06:01:34 -0800</pubDate>
		<category domain="http://resources.bnet.com/topic/emerging+markets.html"><![CDATA[Emerging Markets]]></category>
		<category domain="http://resources.bnet.com/topic/edward+hugh.html"><![CDATA[Edward Hugh]]></category>
		<category domain="http://resources.bnet.com/topic/currencyshares+euro+trust.html"><![CDATA[CurrencyShares Euro Trust]]></category>
		<category domain="http://rss.financialcontent.com/stocksymbol">FXE</category>
		<category domain="tickers">FXE</category>
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		<title><![CDATA[Greece Needs to Implement a Significant Internal Devaluation]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F178455-greece-needs-to-implement-a-significant-internal-devaluation%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Edward Hugh submits:  All the recent critical attention which has been directed towards Greece of late might seem surprising to some (or part of a global anti-PIGS conspiracy, to others) since, on the face of it, the Greek economy had managed over the last decade to appear to be...]]></description>
		<s:doctype><![CDATA[External links]]></s:doctype>
		<pubDate>Wed, 16 Dec 2009 05:21:34 -0800</pubDate>
		<category domain="http://resources.bnet.com/topic/seeking+alpha.html"><![CDATA[Seeking Alpha]]></category>
		<category domain="http://resources.bnet.com/topic/emerging+markets.html"><![CDATA[Emerging Markets]]></category>
		<category domain="http://resources.bnet.com/topic/edward+hugh.html"><![CDATA[Edward Hugh]]></category>
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		<title><![CDATA[The Increasing Velocity of Modern Financial Crises]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F177963-the-increasing-velocity-of-modern-financial-crises%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Edward Hugh submits:  Jean-Claude Trichet, European Central Bank president, noted when speaking in Cambridge last Thurdsay that the speed at which financial disruption can spread had &#8220;accelerated tremendously over the past few decades&#8221;. While debt crises in the 1980s occurred over years, the effects of the Lehman collapse &#8220;spread...]]></description>
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		<pubDate>Sun, 13 Dec 2009 07:03:15 -0800</pubDate>
		<category domain="http://resources.bnet.com/topic/us+market.html"><![CDATA[US Market]]></category>
		<category domain="http://resources.bnet.com/topic/edward+hugh.html"><![CDATA[Edward Hugh]]></category>
		<category domain="http://resources.bnet.com/topic/currencyshares+euro+trust.html"><![CDATA[CurrencyShares Euro Trust]]></category>
		<category domain="http://rss.financialcontent.com/stocksymbol">FXE</category>
		<category domain="tickers">FXE</category>
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		<title><![CDATA[Russia's Economy Slows in November]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F176767-russia-s-economy-slows-in-november%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Edward Hugh submits:  As doubts grow that in the post Dubai World Russia's central bank will be able to sustain a great deal of momentum in its ongoing programme of interest rate reductions, we learn this week that the pace of expansion in Russia's economy slowed back in November,...]]></description>
		<s:doctype><![CDATA[External links]]></s:doctype>
		<pubDate>Sun, 06 Dec 2009 06:09:26 -0800</pubDate>
		<category domain="http://resources.bnet.com/topic/emerging+markets.html"><![CDATA[Emerging Markets]]></category>
		<category domain="http://resources.bnet.com/topic/edward+hugh.html"><![CDATA[Edward Hugh]]></category>
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		<title><![CDATA[Knocking on Norwegian Wood]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F171484-knocking-on-norwegian-wood%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Edward Hugh submits:  Well, if John Lennon had still been around today, he would undoubtedly have entitled his song Norwegian oil, but whatever way you want to put it Norway is back in the news, and this time not because of adolescents who find themselves with no alternative to...]]></description>
		<s:doctype><![CDATA[External links]]></s:doctype>
		<pubDate>Thu, 05 Nov 2009 06:33:32 -0800</pubDate>
		<category domain="http://resources.bnet.com/topic/seeking+alpha.html"><![CDATA[Seeking Alpha]]></category>
		<category domain="http://resources.bnet.com/topic/edward+hugh.html"><![CDATA[Edward Hugh]]></category>
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		<title><![CDATA[Beyond the Consensus on European Bank Credit]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F169258-beyond-the-consensus-on-european-bank-credit%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Edward Hugh submits:  Well, I never thought I would have to wait very long to get some confirmation of my last post on things that could go bump in the night in France, but even I wasn't expecting confirmation of what I was trying to get at so quickly....]]></description>
		<s:doctype><![CDATA[External links]]></s:doctype>
		<pubDate>Tue, 27 Oct 2009 10:56:08 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/seeking+alpha.html"><![CDATA[Seeking Alpha]]></category>
		<category domain="http://resources.bnet.com/topic/edward+hugh.html"><![CDATA[Edward Hugh]]></category>
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		<title><![CDATA[Spain's Manufacturing Contraction Accelerates in September]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F164505-spain-s-manufacturing-contraction-accelerates-in-september%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Edward Hugh submits:  Well here's the first big news from yesterday's global manufacturing PMI reports: Spain's manufacturing contraction accelerated in September. Of course, how could it be otherwise? But I do wish all those people who are still in denial on what is now an all too evident reality...]]></description>
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		<pubDate>Fri, 02 Oct 2009 03:45:39 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/seeking+alpha.html"><![CDATA[Seeking Alpha]]></category>
		<category domain="http://resources.bnet.com/topic/edward+hugh.html"><![CDATA[Edward Hugh]]></category>
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		<title><![CDATA[The G20 and Why Export Dependency and Global Imbalances Matter]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F163795-the-g20-and-why-export-dependency-and-global-imbalances-matter%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Edward Hugh submits:  With the timing of the latest G20 meeting set to coincide with the run-in to the German elections, acrimonious debate has not been absent. But even as the passions generated by the arrival of voting day subside, it is clear that just beneath the surface their...]]></description>
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		<pubDate>Mon, 28 Sep 2009 12:44:43 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/us+market.html"><![CDATA[US Market]]></category>
		<category domain="http://resources.bnet.com/topic/edward+hugh.html"><![CDATA[Edward Hugh]]></category>
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		<title><![CDATA[As Hungary's "Correction" Heads For A Dead End, Time For A Change Of Course?]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F162464-as-hungary-s-correction-heads-for-a-dead-end-time-for-a-change-of-course%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Edward Hugh submits:  Hungary's economic correction still fails to convince. Indeed I am not the only one who remains unconvined by the viability of what is currently taking place it seems, since according to the opposition supporting local daily newspaper Magyar Hírlap, none other than the Hungarian Prime Minister...]]></description>
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		<pubDate>Mon, 21 Sep 2009 02:40:19 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/emerging+markets.html"><![CDATA[Emerging Markets]]></category>
		<category domain="http://resources.bnet.com/topic/edward+hugh.html"><![CDATA[Edward Hugh]]></category>
		<category domain="http://resources.bnet.com/topic/hungarian+telephone+%2526+cable+corp..html"><![CDATA[Hungarian Telephone & Cable Corp.]]></category>
		<category domain="http://rss.financialcontent.com/stocksymbol">HTC</category>
		<category domain="tickers">HTC</category>
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		<title><![CDATA[Top 10 Banks of Turkey]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F162462-top-10-banks-of-turkey%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Edward Hugh submits:  The Top 10 Banks of Turkey based on Assets as of December 2008 are shown below:   Source: Banking in CEE: Challenging Times but Recovery on the Horizon by UNICREDIT TIRIAC BANK S.A. by Edward Hugh]]></description>
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		<pubDate>Mon, 21 Sep 2009 02:32:13 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/emerging+markets.html"><![CDATA[Emerging Markets]]></category>
		<category domain="http://resources.bnet.com/topic/edward+hugh.html"><![CDATA[Edward Hugh]]></category>
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		<title><![CDATA[Global Economic Crisis Far from Over - Especially in Europe's Periphery]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F160366-global-economic-crisis-far-from-over-especially-in-europe-s-periphery%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Edward Hugh submits:  As far as I am concerned, this is ... the most complex crisis we've ever seen due to the number of factors in play.-Spanish Economy Minister Pedro Solbes speaking to the Spanish radio station Punto Radio September 2008The global imbalances have to add up to zero...]]></description>
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		<pubDate>Tue, 08 Sep 2009 02:48:43 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/us+market.html"><![CDATA[US Market]]></category>
		<category domain="http://resources.bnet.com/topic/emerging+markets.html"><![CDATA[Emerging Markets]]></category>
		<category domain="http://resources.bnet.com/topic/financial.html"><![CDATA[Financial]]></category>
		<category domain="http://resources.bnet.com/topic/edward+hugh.html"><![CDATA[Edward Hugh]]></category>
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		<title><![CDATA[More Comedy from the Spanish Banking System]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F158195-more-comedy-from-the-spanish-banking-system%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Edward Hugh submits:  Going through the Variant Perception report on the perilous state of Spain's banking system, I couldn't help stopping and thinking hard about this point from the Spanish newspaper Expansion: The valuation of the guarantees of the mortgage book of the cajas and banks and of its...]]></description>
		<s:doctype><![CDATA[External links]]></s:doctype>
		<pubDate>Tue, 25 Aug 2009 08:35:52 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/seeking+alpha.html"><![CDATA[Seeking Alpha]]></category>
		<category domain="http://resources.bnet.com/topic/edward+hugh.html"><![CDATA[Edward Hugh]]></category>
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		<title><![CDATA[South Africa's Recession Continues Even as the Rand Surges]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F157954-south-africa-s-recession-continues-even-as-the-rand-surges%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Edward Hugh submits:  "The banking sector in South Africa has insubstantial leverage and did not enter in to excessively risky lending practices that were the hallmarks of the credit-boom days. However, South Africa&#8217;s Current Account Deficit remains wide and its ability to service its short-term debt is on the...]]></description>
		<s:doctype><![CDATA[External links]]></s:doctype>
		<pubDate>Mon, 24 Aug 2009 04:49:44 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/emerging+markets.html"><![CDATA[Emerging Markets]]></category>
		<category domain="http://resources.bnet.com/topic/edward+hugh.html"><![CDATA[Edward Hugh]]></category>
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		<title><![CDATA[Spain: Raising Taxes Is Not a Solution]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F157674-spain-raising-taxes-is-not-a-solution%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Edward Hugh submits:  Victor Mallet had a piece on public works minister José Blanco's Thursday speech in the FT Friday. My feeling is that the Spain of Zapatero looks more and more like the Hungary of Gyurcsany with every passing day, and I say this more from the point...]]></description>
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		<pubDate>Sun, 23 Aug 2009 12:26:21 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/financial.html"><![CDATA[Financial]]></category>
		<category domain="http://resources.bnet.com/topic/edward+hugh.html"><![CDATA[Edward Hugh]]></category>
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		<title><![CDATA[Germany's Economy: Is It Really Powering Ahead?]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F157673-germany-s-economy-is-it-really-powering-ahead%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Edward Hugh submits:  Well, euphoria in Germany is certainly on the rebound, with a sudden surge in the ZEW investor confidence index and newspaper articles all over the place predicting the imminent renaissance of European economic growth, despite the fact that in 3 of the 5 big European economies...]]></description>
		<s:doctype><![CDATA[External links]]></s:doctype>
		<pubDate>Sun, 23 Aug 2009 12:21:50 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/seeking+alpha.html"><![CDATA[Seeking Alpha]]></category>
		<category domain="http://resources.bnet.com/topic/us+market.html"><![CDATA[US Market]]></category>
		<category domain="http://resources.bnet.com/topic/edward+hugh.html"><![CDATA[Edward Hugh]]></category>
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		<title><![CDATA[Twenty Percent of Spanish Mortgages Now Considered High Risk]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F156746-twenty-percent-of-spanish-mortgages-now-considered-high-risk%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Edward Hugh submits:  Well officially I am still half on holiday, but I am breaking "radio silence" this morning to cover a story which appeared today in the Spanish newspaper Expansion. According to that article, one in five Spanish mortgages is now considered to be high risk and liable...]]></description>
		<s:doctype><![CDATA[External links]]></s:doctype>
		<pubDate>Tue, 18 Aug 2009 05:18:56 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/seeking+alpha.html"><![CDATA[Seeking Alpha]]></category>
		<category domain="http://resources.bnet.com/topic/edward+hugh.html"><![CDATA[Edward Hugh]]></category>
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		<title><![CDATA[Lessons from Central Europe]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F156306-lessons-from-central-europe%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Edward Hugh submits:  The non-biblical concept of original sin, as Claus Vistesen notes in this post, when propounded in its standard Obstfeld & Krugman textbook version refers to the situation where many developing economies who are not able to borrow in their own currencies feel forced to denominate large...]]></description>
		<s:doctype><![CDATA[External links]]></s:doctype>
		<pubDate>Sun, 16 Aug 2009 03:20:43 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/emerging+markets.html"><![CDATA[Emerging Markets]]></category>
		<category domain="http://resources.bnet.com/topic/edward+hugh.html"><![CDATA[Edward Hugh]]></category>
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		<title><![CDATA[Japan: June Exports Sustain Upward Momentum But Surplus Employment Rockets]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F151359-japan-june-exports-sustain-upward-momentum-but-surplus-employment-rockets%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Edward Hugh submits:  Japan&#8217;s June exports fell at the slowest annual pace this year, helping the trade surplus widen for the first time in 20 months. Shipments abroad were down 35.7 percent from a year earlier, following a 40.9 percent in May, according to the Finance Ministry. The surplus...]]></description>
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		<pubDate>Sun, 26 Jul 2009 02:29:51 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/japan.html"><![CDATA[Japan]]></category>
		<category domain="http://resources.bnet.com/topic/edward+hugh.html"><![CDATA[Edward Hugh]]></category>
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		<title><![CDATA[The IMF/EU Commission Rift on Latvia Seems to Be Deepening]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F148493-the-imf-eu-commission-rift-on-latvia-seems-to-be-deepening%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Edward Hugh submits:  Two weeks ago I drew attention to a revealing press conference given by IMF First Deputy Managing Director John Lipsky and European Central Bank governing council member Christian Noyer, where it seemed a rather different posture was being taken on the Latvian question than that which...]]></description>
		<s:doctype><![CDATA[External links]]></s:doctype>
		<pubDate>Mon, 13 Jul 2009 09:11:31 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/emerging+markets.html"><![CDATA[Emerging Markets]]></category>
		<category domain="http://resources.bnet.com/topic/edward+hugh.html"><![CDATA[Edward Hugh]]></category>
		<category domain="http://resources.bnet.com/topic/currencyshares+euro+trust.html"><![CDATA[CurrencyShares Euro Trust]]></category>
		<category domain="http://rss.financialcontent.com/stocksymbol">FXE</category>
		<category domain="tickers">FXE</category>
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		<title><![CDATA[Cliff Hanging in Bulgaria]]></title>
		<link><![CDATA[http://dw.com.com/redir?destUrl=http%3A%2F%2Fseekingalpha.com%2Farticle%2F148368-cliff-hanging-in-bulgaria%3Fsource%3Dbnet&siteid=23&tag=seekingalpha]]></link>
		<description><![CDATA[Edward Hugh submits:  click to enlarge   The International Monetary Fund this week forecast that the recession in Bulgaria would be deeper than it previously predicted. Such a decision should come as no surprise to anyone, since the country's economic dynamics in both the short and long term...]]></description>
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		<pubDate>Sun, 12 Jul 2009 12:17:00 -0700</pubDate>
		<category domain="http://resources.bnet.com/topic/emerging+markets.html"><![CDATA[Emerging Markets]]></category>
		<category domain="http://resources.bnet.com/topic/edward+hugh.html"><![CDATA[Edward Hugh]]></category>
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