Mark Carney’s claim that Britain has escaped a “debt trap” common to Eurozone states has been dismissed by UK economist Michael Burke as “delusional.” Burke says Britain's debt has merely been transferred from private firms to UK homeowners.
In the short-term being removed from SWIFT would be a problem for Russia, but in the long-term it’s an archaic analogue system for payments which should be replaced by fully digital technology, Patrick Young, expert in global financial markets, told RT.
Qatar reportedly won a bid to buy London's Canary Wharf for £2.6 billion ($4 billion) on Wednesday after its majority owner, Songbird Estates, recommended smaller shareholders accept the 350p per share offer.
Greece’s discontent with the EU over an anti-Russian statement may give new momentum to other European countries, and make it easier for them to have courage to say “no” to Brussels dictate, foreign affairs analyst Srdja Trifkovic told RT.
Apple’s quarterly record sales of the iPhone have smashed the highest Wall Street expectations, giving the company the largest profit in corporate history, $18 billion in the quarter to December last year.
While the West may try to slap Russia with more sanctions, the SWIFT banking payment system will try to stay out of political crossfire, economist Max Fraad Wolff told RT, adding that if it eventually gets weaponized, an alternative will emerge.
Russia’s response to a possible cut-off from the SWIFT international banking payment system will be “unrestricted,” Prime Minister Dmitry Medvedev vowed. The West is pushing for hitting Moscow with more sanctions as the Ukraine crisis deteriorates.