He warned, however, that the tag of "fast money" still applied to hedge funds. "They have a very active investment approach, they will invest when they anticipate to make a decent short-term return. But as soon as the prospect of earnings disappears, they will leave."
The French Prime Minister Manuel Valls earlier this week conceded that a Le Pen win next year is "possible", with her bid boosted by the shock election of president-elect Donald Trump in the US Presidential elections.
Weak economic growth in wide parts of Europe will likely continue to provide tailwind for populists, OECD chief economist Catherine Mann said at the conference. It's questionable "whether growth rates will be high enough for policy makers to deliver on the promises they're making to their citizens,'' Mann said.
If this is a "rather fringe group", then the academic mainstream must – as many of us have long suspected – have been reduced to a thin, dreich, terrified, narrow, narrow-minded, insignificant trickle, confined deep within the gloomy and inspissate canyon of its own no doubt profitable but increasingly discredited prejudice.
Meanwhile, Ms. Leadsom's critics are taking aim at the fact that she has had scant experience in government, and are picking apart her staunch social conservatism.
The EU's allowance of millions of refugees and open borders policy did play a large role in the "Brexit" vote, but it was also a repudiation of global warming policies Brussels has imposed on the U.K.
Firstly, God was definitely on Brexit's side — which is why he arranged all those downpours in London (aka Remain Central) yesterday. He knew that Leavers would turn out come hell or high water whereas Remainers — being pampered, smug, and overconfident — would have decided not to bother.
Yesterday the same court, Folkestone Magistrates, rejected an unusual request from the Tory MP to block police from investigating the allegations at all.
The signs of $100 a barrel oil remain: designer stores including Michael Kors and Hugo Boss gleam alongside Apple in the glass-fronted Union Square shopping centre. But further up Union Street the empty office space and shuttered stores are a bleak reminder of the sub-$30 a barrel lows hit in January this year.
It's a stunning reversal for SunEdison (), a solar and wind company that was worth almost $10 billion less than a year ago. But the company was hit by financial troubles in recent months caused by a mountain of debt taken on during better times.
The group includes Ms Le Pen's Front National, as well as Italy's Lega Nord and the Austria Freedom Party, all of which are sceptical of further European integration and have been highly critical of the European elite's handling of the ongoing migrant crisis.
"Brexit is a threat to Paris," said Deben, who is a vocal campaigner for Britain to maintain its links with Brussels.
"I'm optimistic about the European Union because I think the British people aren't so stupid to go out – but there's a long way to go and a great deal to do and we must not leave any stone unturned," he added.
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