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Politicians also suddenly realized that they had no mechanisms for debt pooling so that better-off member states could assist those hardest hit. So, the E.U. authorities and the International Monetary Fund (IMF) devised a variety of half-hearted back
Even as European taxpayers grimace at the escalating cost of bailing out Greeces banking system, the banks top executives are poised to potentially strike it rich. The plan developed by the Greek government and its international creditors to
A bit melodramatic, lagging in parts, but full of feeling, the performance of Nimrod from Elgars Enigma Variations captured something in Greece. It became the soundtrack to a country falling apart, a dirge for a social order dissolving with each new
Whether or not that happens and Mr. Samaras may yet find a resolution with his governing partners and skirt the temptation to call an early election the latest drama underscores how instability continues to plague the government despite a growing
05, Ehud Kaufman Recent data on the state of the global economy indicate clearly that the crisis is not over. Contrary to earlier assessments, it now appears that in the years to come the developed economies are bound to experience a deep recession.
And they didnt fall down '+google_ads[i].line2 +' '+google_ads[i].line3 + ' : Sat Jan 19 2013, 02:15 hrs The eurozone crisis is coming to an end. As optimism creeps back in, financial markets are showing more trust in the long-term viability of the
The visit takes place against the backdrop of forecasts of a difficult September for the eurozone and Germanys desire to sustain its exports to the lucrative China market. Germany also needs Chinese investments, especially in the bonds it has issued
KBC Groep NV, Belgiums biggest bank and insurer, and ING Groep NV, the largest Dutch financial-services company, each gained more than 2 percent. EON AG and RWE AG rose after Commerzbank AG upgraded its recommendations on Germanys biggest utilities.
February 1, 2012 (Issue # 1693) Ask Russian top managers and company owners what it takes to succeed in business, and the stories they tell you will generally have little to do with being humane, helping others and caring for the environment.
The Pension Sustainability Index (PSI) produced by Allianz Global Investors (AllianzGI), one of the worlds largest asset management companies, measures and illustrates the pressure on governments across the globe to reform their pension system.