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Georges Ugeux
A lawyer and economist by training, Georges Ugeux has focused his entire 40 year career on the global dimensions of business, government and finance. He has a deep understanding of the international dimension of negotiations, networks and partnerships.

Prior to starting Galileo Global Advisors in 2003, Georges immersed himself in the global equity markets by heading the International Group of the New York Stock Exchange. During his 7 year tenure, he brought more than 300 non-US companies, valued at $ 2.7 trillion, to the US market.

Earlier in his career, Georges became President and Managing Director of Kidder, Peabody Europe. He was also a member of the European Corporate Executive Council of General Electric and President of the European investment Fund, a public private partnership financing infrastructure and SME projects owned by the European Investment Bank, the European Community and 77 European banks.

Georges began his career in commercial banking at Societe Generale de Banque (now BNP Paribas Fortis), where he headed the investment banking and trust division. He later became Managing Director of Morgan Stanley’s Mergers and Acquisitions department, as well as Group Finance Director at Societe Generale de Belgique, a Belgian conglomerate.

He teaches European Banking and Finance at Columbian Law School. He is a frequent public speaker and educator on global issues (at the College of Europe in Bruges and Harvard Law School).

Georges holds a Doctorate in Law and is Licentiate in Economics from the Catholic University of Louvain. He chairs, and sits on, Boards of numerous transatlantic organizations.

Since October 2008, Georges has written Demystifying Finance blog for, the leading French newspaper and this blog was recently selected by as the best economic blog. he published a book "the betrayal of Finance" available on and He teaches European Banking and Finance at Columbia Law School.

He has dual American and Belgian citizenship.

Entries by Georges Ugeux

Will Italy Prompt a Global Financial Crisis?

(0) Comments | Posted February 9, 2016 | 5:40 PM

The current situation is definitely not pretty. In the turmoil that affects equity markets, banks seem to be taking center stage. Among them, Italian banks have become the center of attention.

European banks are not in good health
The recent assessment of the International Monetary Fund that European Banks...

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Donald Trump in the Role of a Murderer

(0) Comments | Posted February 1, 2016 | 9:39 AM

Even the traditional and brain-dead campaign of the Democrats did not pick up on Donald Trump's statement that he "could stand in the middle of 5th Avenue and shoot somebody and not lose voters." Yes, it is outrageous, but it is worse than that. It confirms the lawlessness of Donal...

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The True Face of Corporate America: Tax Evasion

(0) Comments | Posted January 28, 2016 | 2:43 PM

The recent action by the United Kingdom to tax Apple has, at last, opened the Pandora box of the practice of Corporate America whose objective is not to pay tax. The hypocritical comment "tax authorities define the rules, and we comply" from Apple only confirms what we all know. Since...

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Historic Weekend in Tehran: Iran (Almost) Without Sanctions

(0) Comments | Posted January 18, 2016 | 9:54 PM

I had not been in Tehran for the past 38 years, but had been a frequent visitor of the country when I was in charge of the Middle East for my bank, Societe Generale de Banque, in Belgium. As the lifting of the Western sanctions against Iran was approaching, I...

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The Voice of Lubana: Syrians' Wishes for 2016

(3) Comments | Posted January 4, 2016 | 8:34 PM

Everyone is celebrating; it is time for family and friends, going back to sweet memories, or setting up plans for next year. For Syrians, during the last few years, things have been quite different. Actually, this time of the year is nearly the worst to go through.

A Syrian...

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And the Winner Is... ISIS

(0) Comments | Posted December 15, 2015 | 11:31 PM

The presidential candidates have collectively delivered a resounding political victory to ISIS, whom each of them focused on.

Following the debate was like listening to aspiring presidents who consider that the most important issue facing the United States of America is to "beat ISIS." They did not even realize...

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Bashing Belgium is Mean... and Ill-informed

(0) Comments | Posted November 30, 2015 | 7:14 PM

Born and raised in Belgium, I have a bias. I went to the United States in 1996 to lead the NYSE's research and international departments and I became a U.S. citizen in 2009 after Belgium allowed dual citizenship. After the Paris attacks, an insidious attempt to blame Belgium for the...

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The Paris Attacks, French Politics and U.S. Governors

(1) Comments | Posted November 17, 2015 | 11:36 AM

I wish we could be certain that our political leaders would always react to dramatic events only after thoroughly analyzing the situation to determine the most adequate and commensurate response. The United States reacted to 9/11 by the war on terror, exactly as President Francois Hollande reacted by declaring war...

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God, Protect America From the Economic Ignorance of the Republicans!

(3) Comments | Posted November 10, 2015 | 11:03 PM

The debate of the Gross Obstructive Party has shown an appalling view of the Republican candidates' ignorance of basic economics. Let me quote some of them:

  • The Trans Pacific Trade Agreement is to the advantage of China: China is not part of it.
  • Don't arm ISIS: we actually don't
  • We...
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The Dogmatism of the European Central Bank Expropriates Savings and Investors.

(1) Comments | Posted October 30, 2015 | 1:58 PM

The announcement last week that the ECB might decide to further expand its QE program to encourage employment and growth in Europe was predicted. It does not make it right.

The dogmatism of Mario Draghi looks increasingly like a desperate attempt to prove a point of economic...

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Reintegrating Iran Is in the U.S.'s Best Economic Interest

(8) Comments | Posted September 10, 2015 | 12:49 PM

It is fascinating to read the (generally uninformed) comments that accompany the public debate around the approval of the Iran agreement that has been negotiated for more than two years. It is so obvious that it is better than the current situation that I find it necessary to spell the...

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This Is the Right Time for Higher Interest Rates: Nothing to Be Afraid of

(1) Comments | Posted August 28, 2015 | 1:48 PM

I am fascinated by the bizarre comments on the Fed's decision to increase interest rates in September following the market turmoil. From the staunch anti-QE Larry Summers to the New York Fed President, William Dudley, the case for adjusting interest rates remains compelling.

Correcting a costly and risky anomaly

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The Gross Obstructive Party Lost the Debate

(1) Comments | Posted August 7, 2015 | 10:50 AM

It is hard to believe that the roster of 10 men could land such a despicable debate. It is a shame for them, and a shame for their party. I congratulate the moderators on having found enough substance in their questions.

What have we learned?

They hate Obama.

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The Greek Agreement Is Full of Loopholes, Coercive and Amounts to $ 100 billion

(2) Comments | Posted July 13, 2015 | 4:50 PM

A serious reading of the document published by the Eurozone Summit leaves the reader confused. It is so conditional that one cannot even guess what it will lead to. This is not even an MoU: measures need to be strengthened to get to that stage. These are "minimum requirements to...

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Forget About Greece -- China Is Falling Into Financial Chaos

(0) Comments | Posted July 8, 2015 | 5:06 AM

As I was following the situation in Greece, and the market fluctuations that were provoked by the obstination of the Greek government in its belief that Europe will bend to their outrageous behavior, I realized how Lilliputian this question was. Its political importance was largely exacerbated by the inability of...

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Is Europe Undermining Its Insurance Companies?

(2) Comments | Posted June 4, 2015 | 7:51 PM

Why is the European Commission pressurizing its insurance companies?

As well intended as it could be, the regulator seems to ignore that none of the European insurance companies needed any rescue during the financial crisis and they even contributed to the haircut of Greek debt. Yes, there...

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Could the UK Elections Be a Chance for Europe?

(1) Comments | Posted May 23, 2015 | 9:47 PM

On May 8, to everybody's surprise, David Cameron became, for the second time, the prime minister of the United Kingdom. As a newly elected leader, he now has to face his own promises. The UK became a member of the European Union in 1973 but never agreed to be part...

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The False Start of Hillary Clinton's Presidential Campaign

(5) Comments | Posted April 13, 2015 | 6:51 PM

Why on earth did Hillary Clinton hide when announcing her well-known intention to seek, for the second time, the White House? Why would she mandate her campaign chairman, former Bill Clinton's chief of staff, to announce her decision through social media rather than doing it herself? Why spend 30 seconds...

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Don't Count on the ECB to Stimulate the European Economies

(2) Comments | Posted January 24, 2015 | 5:17 PM

The fanfare announcement of the measures taken by the European Central Bank and the PR machine that led the media to blindly endorse the idea that they would bail out Europe, stimulate growth and increase jobs would be fun if they did not demonstrate the pathetically inadequate leadership of Europe....

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Hillary President? The Elephant in the Room...Bill

(11) Comments | Posted December 24, 2014 | 2:06 PM

Sorry, Mr. President, for calling you an elephant, although it is a very intelligent animal, as you well know.

Hillary Clinton does have most of the attributes to be an exceptional President, and I want to support her wholeheartedly. I could not even consider to vote for a candidate...

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