the sovereign credit default swaps

addition to Britain,louboutin, many European banks also have been an accident recently, forced the government to bail out under, for example, Ireland Anglo Irish Bank's third-largest bank will be nationalized, the investor's ability to repay Governments are also beginning to doubt that many EU member states on Friday, the sovereign credit default swaps (CDS) spreads widened to a record high shows the premium of these bonds more expensive.
In other words, the size of the economy determines how much the government can guarantee the ability of bank assets. In this regard, as the world's largest economy of the United States, its financial assets, although the rise in the past 20 years nearly doubled, from 87 years of gross domestic product (GDP) of more than 2 times to 4 times over 07 level; In contrast,polo ralph lauren pas cher, 20 years ago, the British financial sector assets is nearly four times the GDP in 2007 rose to 9 times the level.

the British financial industry assets rose to 9 times the GDP
financial Web site on January 20, according to the object is not known; however, be sure to save the banking industry in the ability of the United Kingdom the situation worse than the United States.


to $ 10 million of bonds, for example, is considered the most secure in Germany, the CDS premium display just 5.4 million, but the Austrian bonds, the premium will need 146,franklin marshall pas cher,000 yuan, The domestic banks have an accident in Ireland, the premium of 25.7 million. UK financial stocks still plummeted after the government shot seen in a series of rescue under the market began to worry about the final contributor to the Government and may be beginning to face water shortage.


European CDS spreads widen the more expensive premium


This is also clearly see the problem - the UK is a small economy, but has a large banking system, especially in the past decade,Christian Louboutin, the UK's financial sector assets, the rapid expansion of this is that when Britain's banking system, to some extent, also supported the European market. However, when the current process of debt reduction, the rapid decline in asset values ​​and make the bad debts rise, the British Government to guarantee the non-performing assets, compared with other countries like the U.S. or Europe is more heavy.
Governments bank rescue program, mainly into the capital, as well as bank debt guarantees, by virtue of which is the national Government's financial strength. While, in theory, governments can issue bonds and unlimited printing, in order to raise funds to recapitalize banks, but to know the Government's debts are ultimately borne by taxpayers,Christian Louboutin pas cher, it is still an upper limit. 相关的主题文章：


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Having worked overseas nearly 30 years, Chinese-born painter Jia Lu has made unique contributions in helping Western audiences understand more about the East through her canvases.
She was recently short-listed in the “Ten Most-focused Chinese in the World" by none other than the Global Times. The reason? “Her paintings fuse Chinese and Western elements, showing a modern China with beautiful colors," according to the panel.
“I have a deep sense that my mission to help the rest of the world understand China is not only an artistic goal but a personal responsibility," Lu says, when asked how she felt. “This award reminds me of the importance of that obligation."
Her father, Lu Enyi, was a famous painter who taught her to paint when she was very young. Like many painters of the time, she learned Chinese ink painting first, and was taught by master painter Fan Zeng.
But like many artists who traveled abroad in the 1980s, Lu felt lost in the collision of cultures, and turned to different ways of appreciating art.
When she left China for Canada in 1983, she quickly discovered that, for her new friends, without an understanding of Chinese culture and history, her art was “simply too alien to understand."
“In Chinese painting, we value the traditions passed from one generation to the next; for Westerners, true art is about originality and individual expression," Lu told the Global Times. “Ink painting explores the expressiveness of black ink and the bamboo brush; but to a Westerner, who has never held a brush before and is used to the color and richness of oil painting, my art seemed dull and lifeless."
Although her paintings sold well in the overseas Chinese community, to reach a larger audience, communicating essential concepts of traditional Asian culture to a Western audience was key.
Her solution? Borrow the techniques and expressive power of oil painting, with its illusionistic perspective and realism, and substitute Asian content. The method is known as “Jiechuan Chuhai", or “Crossing the sea in a borrowed boat."
“We have a unique, complex and rich culture. But we share [that] among ourselves, using a difficult written and spoken language, raising a high wall that excludes the rest of the world." Lu says. “By borrowing Western art history to communicate Eastern ideas, I have been able to tear down a small section of that wall."
Having grown up in a Confucian society that emphasized personal sacrifice, selflessness and hard work, Lu discovered her Western friends appreciated these values much more than their wealth and luxury.
Her painting was infused with Buddhism, an Eastern spirituality cherished by many Westerners.
Having first visited Dunhuang in 1980, spending several weeks copying its Buddhist art – some of the rarest early examples of Chinese figurative art – directly from the cave walls, Lu studied figure painting.
But it was not until she worked in Japan in the early 1990s that she began to explore their significance, finding their ideas represented what was most enduring and special about Chinese culture: compassion, mindfulness, a deep respect for learning and wisdom and a belief in the perfectibility of the human state.
Lu began to show her works in China: at the Shanghai International Art Fair, Art Beijing and CIGE expos, and found how “vibrant the Chinese art market had become in the so-many-years I’d been away, and how open it was to new ideas."
“I am both humbled and inspired that my work has been recognized in this way by the Global Times. It is an honor to be included among the other outstanding artists whom I have admired for so long," says Lu.
“But in the end, I think it is not important if I live or work in China or in the West, The important thing is to continue to paint for a global audience, to improve my own art as far as I am able, and to strive to be a better person."