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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

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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The ECB Assessment of Eurozone Banks' Health Will Not Dissipate Fundamental Questions

(0) Comments | Posted October 26, 2014 | 1:54 PM

After months of waiting, we just received the results of the assessment of the health of Eurozone banks by their new supervisory authority: the European Central Bank. They were predictable, but the exercise has limitations which result in delivering only a partial health bulletin.

What the numbers say

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It Is in Beijing's Interest to Respect Its Commitment to Hong Kong

(0) Comments | Posted September 30, 2014 | 8:20 PM

Historically, China has considered opposition as a form of crime of lese-majeste. The circumstances surrounding the Hong Kong recent opposition might be worth a better treatment than refusing a dialogue with the demonstrators.

Sticking to its word creates trust.

The last thing the new regime in Beijing needs...

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The Obscene Escalation of the Vulture Funds Against Argentina

(0) Comments | Posted August 17, 2014 | 12:49 PM

The one-page advertisement published this week in the Financial Times by the U.S. vulture funds using the tragic situations of Argentinean families as human shields to defend their blackmailing of the Argentinean people is only one more demonstration of their despicable lack of ethics. Hidden behind an anonymous

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Can Regulation Provide Global Financial Stability?

(0) Comments | Posted June 25, 2014 | 5:49 PM

As I was writing my new book on International Finance Regulation, the Quest for Financial Stability, published this week by in Wiley Financial Series, it became increasingly obvious that recent regulatory developments around the world were not converging to the same goal.

Global financial stability was not...

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The Gross Obstructive Party (G.O.P)

(0) Comments | Posted June 13, 2014 | 6:08 PM

Time has come to rename the Grand Old Party. It might be old, it certainly is no longer grand. I am hereby trying to coin the new definition of the Gross Obstructive Party. Royalties will go to charities.


The Merriam Webster dictionary defines, among others, gross as...

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The European Parliamentary Elections Provide Stability and Warnings

(0) Comments | Posted May 26, 2014 | 12:05 PM

There are two ways to look at the European Parliamentary elections that concluded today.

1. Political stability

Contrary to what many media will display this Monday, the results of the elections show a remarkable stability. The three major political families of Europe (Conservative, Socialists and Liberals) will likely reach...

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Ukrainians, Not the U.S., Will Resolve Their Problems

(2) Comments | Posted March 6, 2014 | 10:47 PM

Here we are again. Something bad happens sometimes. After declaring that we do not want to go to war, we are back to the warrior path. We just love it, don't we? Particularly the GOP who prefers to spend money on arms than on food stamps or health care. It...

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The New U.S. Diplomatic Language: 'F**k the EU' on Ukraine

(1) Comments | Posted February 10, 2014 | 9:01 AM

Americans are not particularly praised for the subtlety of some of their favorite expressions, in particular the use of the F-word. One would, however, expect that the State Department might train its leadership in 101: Using non-offensive language in international relations.. If the course exists, Victoria Nuland, a career Senior...

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The Bitcoin Is Victim of a Ponzi Scheme While Regulators Sleep

(9) Comments | Posted January 27, 2014 | 4:43 PM

U.S. government agents have arrested Charlie Shrem, the CEO of Bitcoin exchange BitInstant, charging him with laundering money for customers of online drug bazaar Silk Road.

It started as a nice technology story. Through subtle algorithms, a complex system was based on the basis of a genius IT paper, written...

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Why the Debt Ceiling Should Be Ignored by the US Treasury

(11) Comments | Posted September 30, 2013 | 8:58 PM

The debt ceiling is an anomaly that was created to help the U.S. government fund the expenses during World War I. "The Second Liberty Bond Act of 1917 included an aggregate limit on federal debt as well as limits on specific debt issues," says a study from the...

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Immigration of Skilled Foreign Workers: America Is Shooting Itself in the Foot

(25) Comments | Posted September 21, 2013 | 12:12 AM

We have always welcomed newcomers to the United States and will continue to do so.

This is the strong statement that opens "Border Security, Economic Opportunity, and Immigration Modernization Act." The remaining 840 pages are basically there to restrict that "welcome to America" tradition and weaken this...

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Is Washington Seeking Revenge on JP Morgan or Is the US Regulatory System Out of Control?

(1) Comments | Posted September 4, 2013 | 8:19 PM

In the post-crisis tribulations, after being very close to the administration, JP Morgan started campaigning against some aspects of the new financial regulation. Its favorite target was the Volcker rule that restricts the type of investments banks can trade for their own account. It turned into a nasty campaign of...

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Can President Obama Become a Statesman?

(4) Comments | Posted August 11, 2013 | 2:18 PM

The mission of the current president of the United States is about to fail.

Several of Barack Obama's most recent interventions cast a cloud over his ability to act as a true statesman.

1. In numerous instances, the president is still appearing as a candidate and a fundraiser.. The...

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The Goldman Affair: What Is the SEC Trying to Say?

(8) Comments | Posted August 2, 2013 | 8:42 PM

I recognize to have reacted with anger and disappointment to the Court judgment on the Goldman Sachs case for which "without admitting any wrong doing", Goldman Sachs paid a $550 million fine. The hypocritical statement that has become a protection against civil suits has landed billions of dollars...

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Should Lex Americana Be Universal? FATCA Turns Foreign Banks Into Tax Informants

(33) Comments | Posted June 21, 2013 | 2:37 PM

Over the last decades, a number of initiatives taken by various U.S. administrations on both sides of the aisle have raised concerns about the actual legality of the extraterritoriality attached to laws imposed by the United States of America on other jurisdictions around the world, often using "political persuasion" rather...

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Europe Is Strangled By Its 3 Percent Budget Deficit Ceiling

(3) Comments | Posted April 30, 2013 | 6:10 PM

History will say that the two criteria of the Maastricht Treaty were improvised by a group of economists during a long night and never seriously analyzed. While I have no problem with the indebtedness limit of 60 percent, since it is the result of a multi-year series of public finance...

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The Stalemate in Italy Could Destabilize Europe

(2) Comments | Posted March 28, 2013 | 7:42 PM

With the announcement that the attempts by the Democrats to form a government have been derailed by what the Economist characterizes as two clowns, former Prime Minister Silvio Berlusconi and Beppe Grillo, the situation in Italy gets more dangerous.

With an indebtedness of 2 trillion...

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Cyprus: Europe Violates the Sanctity of Insured Deposits

(2) Comments | Posted March 18, 2013 | 1:51 PM

Europe has crossed the red line of the sanctity of insured deposits by making them subject to a partial confiscation.

It is pure extortion of bank deposits that the European Union has asked Cyprus to proceed with.

This action has huge long-term and short term consequences.

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