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Following the publication of two prior question- and-answer-style interviews, the first given by Mr. Ron Nechemia for International Finance Magazine published in May 2008 in an article titled, Guard Against the Influence Brought by Subprime Landing Crisis, at which time Mr. Nechemia announced that he saw a systemic financial crisis brewing and warned that in the months to come the United States was likely to face a once-in-a-lifetime financial crisis, an oil shock, sharply declining consumer confidence and, ultimately, a deep recession. In that article he also foretold of homeowners defaulting on mortgages, trillions of dollars of mortgage-backed securities unraveling worldwide and the global financial system shuddering to a halt.
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Mr. Ron Nechemia is the Chairman of the Board of Directors for EurOrient Financial Group, a private sector global development financial institution that is accredited by the United Nations General Assembly on Financing for Development. In May 2008, Mr. Nechemia was interviewed by International Finance Magazine regarding his outlook for the global economy and the world’s financial systems. During this interview, he announced that he saw a systemic financial crisis brewing and warned that in the months to come the United States was likely to face a once-in-a-lifetime financial crisis, an oil shock, sharply declining consumer confidence and, ultimately, a deep recession.
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Following the publication of two prior question- and-answer-style interviews, the first given by Mr. Ron Nechemia for International Finance Magazine published in May 2008 in an article titled, Guard Against the Influence Brought by Subprime Landing Crisis, at which time Mr. Nechemia announced that he saw a systemic financial crisis brewing and warned that in the months to come the United States was likely to face a once-in-a-lifetime financial crisis, an oil shock, sharply declining consumer confidence and, ultimately, a deep recession. In that article he also foretold of homeowners defaulting on mortgages, trillions of dollars of mortgage-backed securities unraveling worldwide and the global financial system shuddering to a halt.
Views: 392
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Mr. Ron Nechemia is the Chairman of the Board of Directors for EurOrient Financial Group, a private sector global development financial institution that is accredited by the United Nations General Assembly on Financing for Development. In May 2008, Mr. Nechemia was interviewed by International Finance Magazine regarding his outlook for the global economy and the world’s financial systems. During this interview, he announced that he saw a systemic financial crisis brewing and warned that in the months to come the United States was likely to face a once-in-a-lifetime financial crisis, an oil shock, sharply declining consumer confidence and, ultimately, a deep recession.
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Mr. Ron Nechemia the Chairman of the Board of Governors of the EurOrient Financial Group and the founding father of private sector development banking was invited by the United Nation General Assembly to participate in the International Summit on Financing for Development, March 2002 on the Ministerial Segment to address key financial and development issues in front of Heads of State or Government. In addition to a number of Presidents and Prime Ministers, over 200 ministers have participated in the Summit include ministers of finance, trade and foreign affairs; the United Nations Secretary-General; the heads of the World Bank, International Monetary Fund and World Trade Organization; the representatives of civil society and the leaders from the private sector, and senior officials of all the major intergovernmental financial, trade, economic, and monetary organizations. His statement to the plenaries and the Monterrey Consensus provide a picture of the new global approach to financing development.
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Mr. Ron Nechemia the Chairman of the Board of Governors of the EurOrient Financial Group and the founding father of private sector development banking was invited by the United Nation General Assembly to participate in the International Summit on Financing for Development, March 2002 on the Ministerial Segment to address key financial and development issues in front of Heads of State or Government. In addition to a number of Presidents and Prime Ministers, over 200 ministers have participated in the Summit include ministers of finance, trade and foreign affairs; the United Nations Secretary-General; the heads of the World Bank, International Monetary Fund and World Trade Organization; the representatives of civil society and the leaders from the private sector, and senior officials of all the major intergovernmental financial, trade, economic, and monetary organizations. His statement to the plenaries and the Monterrey Consensus provide a picture of the new global approach to financing development.
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the profile of EurOrient Chairman, Ron Nechemia
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On January 27, 1945, Soviet forces liberated the Auschwitz-Birkenau extermination camp, discovering the largest Nazi killing center in Europe. Auschwitz has become a symbol of the Holocaust, representing the depths of man's inhumanity to man. Ironically, although over 100 million people worldwide had been killed by the perpetrators of mass slaughter since the beginning of the 20th century, only eighteen governments out of one hundreds and ninety two Members States of the United Nations, has supported the legislation of January 27 as an annual Holocaust Memorial Day.
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EurOrient Financial Group ( EurOrient ) is a private sector global development finance institution.
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Ron Nechemia, the Chairman of the EurOrient Financial Group (” EurOrient ”) the Board of Governors expresses his condolences on behalf of the EurOrient , the private sector global development finance institution accredited by the United Nations General Assembly on Financing for Development, yesterday for passing of the U.S. Ambassador Richard Holbrooke.
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