Friday, May 31, 2013

Eurozone Unemployment Hits 12.2%

Eurostat reports that the rate of unemployment in the Eurozone hit 12.2% in April 2013, up from 12.1% in March. This compares very unfavourably with the levels of unemployment in the UK (7.7%) and the USA (7.5%).

The level of youth unemployment in certain countries is particularly shocking, the highest being in Greece (62.5% in February 2013), Spain (56.4%), Portugal (42.5%) and Italy (40.5%).

As I have said before, this level of unemployment is not sustainable and is a threat to democracy.

Thursday, May 30, 2013

House Prices Overvalued?

According to the OECD, house prices in the UK are too high.

The Telegraph reports that a study by the OECD, which compared prices with local wages and rents, suggests that British house prices are 31% too high compared to rents and 21% over-priced against incomes.

Given that housing is the bedrock of the British economy, providing a credit hungry public with the raison d'etre to borrow ever increasingly large sums of money, people would be forgiven for thinking that this analysis is grim news for the economy.

Fear not!

The British government cannot help itself when it comes to meddling in the housing market and, via its Help To Buy Scheme announced in the March Budget, has already taken actions to underpin and further stimulate the housing market.

Sunday, May 26, 2013

76 ...

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                                                                                              sneakers: zara,
                                                                                              jeans: zara,
                                                                                              t-shirt: new yorker,
                                                                                              blazer: thanks to sheinside (here),
                                                                                              sunglasses: ray ban,
                                                                                              bag: michael kors,
                                                                                              watch: michael kors,
                                                                                              ph. Maja

You know that my love for boyish looks is eternal, so here is another one outfit with baggy jeans and colorful Zara sneakers.
Hey rain, you can't stop me! ;)
Do you like it?

Friday, May 24, 2013

Judgement Day For Lagarde

Christine Lagarde, head of the IMF, will find out today if she will be put under formal investigation for her role in a payout made to Bernard Tapie when she was finance minister.

Tapie, a supporter of the former President Nicolas Sarkozy, was awarded 400M euros in 2007, in a dispute with the bank Credit Lyonnais.

Lagarde protests her innocence and, according to the BBC, claims that the payout was the best solution at the time.

Suffice to say, given the economic malaise within Europe this issue could not have come at a worse time for Lagarde, the IMF and the global economy.

Wednesday, May 22, 2013

Spring party at noon ...

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                                                                                               ph. Nasmej se pticica

Couple weeks ago I got the cutest invitation so far for a spring party at noon with a dress code to wear pastel, and I immediately said yes of course! :) 
Gorgeous girls, lovely location, yummy macarons, fresh lemonade, lots of laughs and many, many more were enough to make this day perfect! A day to remember!
Thank you girls for everything, hope that we will repeat it soon!

Be sure to check other blogs from these super talented ladies and check more photos and the cutest texts about this incredible day:
AnjaJelena, Marina, Mali Iv and Ivana.
Photography: Nasmej se, ptičica!
Decoration: Kako sam se nadala
Organization: Jedan frajer i bidermajer
Macarons: Fini
Porcelain: Matilda So Chic
Location: Bašta

p.s. I will upload more photos on the Pinterest soon, so you can check it there too!
p.p.s. Miss Jelena we missed you!
p.p.p.s.  I was wearing:
             skirt: vintage (from my aunt)
             t-shirt: stradivarius,
             necklace: accessorize.
             shoes: bershka

Be Bold!

Mark Carney, the incoming Bank of England Governor, has warned that Europe could face a decade of stagnation unless it takes the kind of bold measures seen in Japan.

Carney is quoted by the Telegraph, whilst making his last speech as Governor of the Bank of Canada:
Europe can draw lessons from Japan on the dangers of half measures... Europe remains in recession. Deep challenges persist in its financial system. Without sustained and significant reforms, a decade of stagnation threatens.”
His comments give more traction to the rumours that the ECB is considering negative interest rates.

Tuesday, May 21, 2013

Inflation Falls

Inflation has taken a surprisingly sharp turn downwards from 2.8% in March to 2.4% in April, the so called "experts" had predicted 2.7%.

The fall has been caused by sharp falls in transport costs (eg air fares which fell by 6.4%). Unfortunately, the cost of food and non alcoholic beverages has increased by 0.7%.

In other words, those who are on tight budgets will continue to be squeezed.

Monday, May 20, 2013

Brexit - Good or Bad For Britain?

Britain's "love affair" with the EU, much like the seasons, turns hot and cold on a regular basis. More often than not the feelings towards the EU are frigid, to say the least.

In response to the never ending wrangling with the Tory party over Britain's role within (or without) the EU, Britain's leading businessmen have penned a letter to the Independentwarning that a Brexit would severely damage Britain's economy and standing within the world:
"The benefits of membership overwhelmingly outweigh the costs, and to suggest otherwise is putting politics before economics."
The economic costs/benefits of leaving the EU are not clear cut. However, the political consequences of remaining in the EU are clear; Britain's independence will continue to be eroded.

Does this erosion of independence matter?

Ask the good people of Greece or Cyprus!

Like it or not politics does play a role in this, because if politics fails we lose our democracy and there will be either dictatorship or anarchy. Businesses may well do well under certain forms of dictatorship, but the people of Britain won't.

Sunday, May 19, 2013

INES atelier jewelry collection

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                                                                                           jewelry: INES atelier
                                                                                           ph. me

Last month I made a small photo shoot with one of my favorite domestic brands INES atelier for their gorgeous jewelry collection! You know how much I love these type of photos, so it was a real pleasure creating them! Great decorating, interior skills from the designer of INES atelier - Ines Jankovic and my "snap" finger were perfect match, and I totally love how it turned out!
Do you like it?

p.s. you can find more information about the brand on their website Here or on their FB page Here!

Friday, May 17, 2013

Turning Japanese

In echoes of Japan in the 1980's/90's, it seems that the ECB is going down the path of negative interest rates.

As per Financial Acrobat:
"More rumours about negative rates from ECB. Said to have contacted German bank to ask if they could cope with it. It is likely true."
I loved the 80's!

Osborne Encounters Resistance

Poor old George Osborne appears to be encountering some resistance form other ministers to his plans to slash spending by £11.5BN.

As yet, according to the FT, his "colleagues" in government have only come up with £2.5BN in cuts; with some ministers failing to provide Osborne with the list of 10% in proposed departmental cuts he ordered before last month’s deadline.

Could it be that they don't think that he will still be in office in a year, and that as such he can "safely" be ignored?

As with any business, there will always be resistance to cuts. However, also as with any business, if the person who is demanding them is deemed to be "on his way out" the cuts will never materialise.

Thursday, May 16, 2013

Flowers ...

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                                                                                               shoes: mango,
                                                                                               jeans: zara,
                                                                                               shirt: stradivarius,
                                                                                               jacket: zara,
                                                                                               sunglasses: raen,
                                                                                               bag: mona,
                                                                                               watch: michael kors,
                                                                                               ph. Maja

Have you ever stayed at work late just to publish your new post? Well I have! Just right now! While you browsing through these new gorgeous photos (thanks to my lovely sister Maja) I'm still at the office, using free WiFi, but shh! ;)
We wont tell anyone!
Let's made a short story about the look: olive baggy pants meet flower jacket and they fall in love. The rest is history.
Let me hear your opinion about this outfit!