Posts Tagged ‘ Cyprus ’

Who’s richer Germany / Greece /Spain /Cyprus ? The answer would surprise you

A great article in the UK Telegraph talking about the wealth in Euro largest economy .
Everyone during the financial crisis thought Germany should bank role the Euro , should they ?

ECB survey median net household wealth :
#just over €50,000 in Germany
#Greece the figure was just over €100,000
#Spain €180,000
#Cyprus over €260,000

GDP per head, then of course Germany comes out well ahead of Portugal, Greece, Cyprus, Spain and Italy. But in fact Germany is only just above the eurozone average.

Have a read of the article it will surprise you .

Tony Evans

The Germans are walking tall in the eurozone, but just how rich are they?

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deVere looking for individuals for global expansion – 13th April 2013 London preview

I am pleased to announce Nigel Green CEO of deVere Group will be having an invitation only preview on 13thApril 2013 in centre of London ( This is an invitation only event )

If you would like to attend read the below and if your interested in hearing more email me at : tony.evans@devere-group.com

I have personally worked for deVere for over 8 years and all I can say is , deVere gives you the opportunity to succeed . All they request is hard work , intelligence and willing to learn’

This is a very rare opportunity to sit and speak to our CEO about what roles are available .

https://www.devere-group-careers.com/page/CareerOpportunities.aspx

This is a interview of our CEO talking how he wants 200 offices !!

http://www.youtube.com/watch?v=l5zJQzScE04

The deVere Group Graduate Scheme provides both new and recent graduates the chance to learn about the industry and provide them with an ample platform to create business with the onsite training in our London office. We provide a full introduction to the financial services industry to ensure that our graduates have a strong platform to build on to become a successful financial planning consultant.

https://www.devere-group-careers.com/page/GraduateScheme.aspx

The deVere Group is the largest independent international group of international financial advisors which provides expatriates and global international investors financial advice for their medium to long term investments. We typically assist clients in retirement and education planning as providing for the future has become more important than ever.
With 70,000 clients worldwide and $9 billion of funds under administration, the deVere Group is expanding. We work closely with a number of leading fund houses to provide a top quality service to all of our clients globally and as a result of some major successes we continue to grow. This is why we want to hear from you.
As we continue to expand, we are looking for exceptional international financial advisors in order to continue our global expansion. We are looking for those motivated and determined individuals who strive to achieve their goals and targets.
If you are looking for your international financial advisor role to allow you:

  • To progress within an ever growing company that can offer you outstanding prospects for exceptional career development.
  • A professional training programme on which to build foundations and participation in the internationally recognised financial advisor qualification from CISI.
  • An opportunity to earn an extremely competitive salary.
  • The opportunity to work overseas in one of our global office locations.

Then we can offer our international financial advisors all of this and more.
As an international financial advisor with the deVere Group you have the opportunity to build a solid foundation for your career with great training and development skills provided. We encourage our financial advisors to grow within the company.

Opportunity in :

Botswana, Budapest, China – Beijing ,China – Shanghai , China – Shenzhen , Cyprus ,Czech Republic , France – Nice , France – Paris , France – Toulouse , Germany – Hamburg , Germany– Munich , Germany – Frankfurt , Ghana , Greece , Hong Kong , India , Indonesia – Bali , Indonesia – Jakarta , Italy , Japan – Tokyo , Kenya , Kuwait , Luxembourg ,Malaysia – Kuala Lumpur , Malaysia – Penang , Mauritius ,Mozambique , Philippines – Manila ,Poland, London , Portugal , Qatar , Russia – Moscow , South Africa – Cape Town, South Africa – Durban , South Africa – Johannesburg , Spain – Barcelona , Spain- Costa Blanca , Spain – Madrid , Spain- Marbella , Spain – Palma , Switzerland-Basel ,Switzerland-Geneva , Thailand– Bangkok, Thailand -Pattaya ,Abu Dhabi , Al Ain , Dubai , Uganda ,Ukraine , United Kingdom-London , USA – New York , USA- Miami , Vietnam -Hanoi , Vietnam – Ho Chi Minh City , Zambia , Zimbabwe

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Re blogging & commenting @nigeljgreen -No Euro Bank is Safe Now

I read the below this morning and to me it just emphasized the rule ” risk reward ” for the interest you need to take into account there is a chance for loss .
All the bailed out banks/ country , one thing is always apparent before the crash these banks were offering higher interest than the counterpart , why ? As the market saw they were a higher risk , they appealed to human greed factor ,
My personal view is people need to relies risk & reward , sometimes you win and sometimes you loose , that’s capitalism .

At the moment it’s capitalism with government guarantee !!!

Lets go back to basics

Tony Evans

No Euro Bank Is Safe Now

MARCH 26, 2013
The rescue of Cyprus sets precedents for the euro zone that may stick in the memory of depositors and bondholders alike as investors debate who will next fall victim to the debt crisis. Under the terms of the agreement struck yesterday in Brussels, senior Cypriot bank bond holders will take losses and uninsured depositors will be largely wiped out.

The message that savers of all types can be coerced into helping a cash-strapped natio will make investors more fearful they’ll be targeted if Italy, Spain or even Greece again is next in line to need help. The risk is that bank runs and bond market selloffs become more likely the moment a country applies for a new rescue.

We now have a new type of rule and everyone within the euro zone has to sit down and see what that implies for their own finances.

Until now, euro region officials had left bank depositors and senior bondholders untouched as they tried to rescue the bloc’s struggling economies .

The Irish banking system collapsed partly because its government refused to renege on a guarantee to deposit holders made after Lehman Brothers Holdings Inc. collapsed.

The Cyprus crisis has opened up some precedents that will make investors more worried about how future euro zone crises will evolve.

They will swear black and blue that Cyprus is a unique case but so was Greece. I personally believe this crisis in particular has been handled badly and will cause problems in the next few months in many other countries.

Spain’s economy minister yesterday was keen to point out yesterday that a Cyprus-style bailout could not be extrapolated to any other country.
Does anyone believe him though ?
Investors should take advice from a financial advisor. There is potentially another crisis in Euro banks I believe.

Nigel Green deVere Group

Blog written 26th March

Cyprus Bailout confirmed ! €10 billion 60% of GDP .

Eurozone ministers have agreed a deal on a €10bn bailout,

What i have seen and heard suggest the deal will include a levy on deposits of more than €100,000 in Cyprus’s two biggest banks.

Levi could be up to 40% !!!! For one of the banks, and also they could be split into a good and bad bank

What’s been said is that accounts under €100,000 will have no levi on them , but any above could have a Levi over up to 40% , this looks like a huge bitter pill for those account holders.

Also Cyprus has now have capital restrictions, so we have 2 systems in the Eurozones at the moment !!

One key element of the deposit tax, demanded by the IMF, is that it not require a parliamentary vote.

This is a $22billion economy Cyprus according to the United Nations they are the96th largest economy in the world and third smallest economy in the EU .

Jim O’Neill Chairman,Goldman Sachs Asset Management is fond saying :

China (at least in 2011) was creating the equivalent of another Greece every 12½ weeks. China creates another Cyprus every week.

So since the Banks in Cyprus has been closed China has created the equivalent of the GDP in growth!!

Tony Evans

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