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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

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

(7) 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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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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