Business Online - бізнес-новини України

Europe () - The world’s greatest macroeconomic imbalances are not between the U.S. and China, as many believe, but within the not-so-united states of Europe.

Europe () - Harvard University Professor Martin Feldstein, who predicted in 1998 that the euro would prove an “economic liability,” said the single currency will survive for now, even as he bets Greece quits within a year.

World () - would be wonderful to forecast a strong global recovery. Yet Europe is still trying to right itself, joblessness stays high in the U.S., and China’s ability to escape the malaise in the West remains an open question.

Frankfurt () -  The euro rallied versus a broadly weaker U.S. dollar Thursday, boosted after European leaders announced an agreement that will see private bondholders take a 50% write-down on Greek debt, boost the firepower of the euro-zone bailout fund to around $1.4 trillion and recapitalize European banks.

London () - First things first. Can everyone agree — and headline writers in particular — that once Bank of Italy Gov. Mario Draghi takes over as the new president of the European Central Bank next month, there aren’t going to be any references to Super Mario. Or to fixing the plumbing.

Hong Kong () - Japan’s finance minister warned Monday the nation may intervene in the market to curb the yen’s rise, even as some analysts questioned how successful such a move would be.

Prague () - At a lecture in Prague last week, I quoted Marx and Stalin, not the most popular names in the sturdily post-Communist Czech Republic.

World () - The euro’s rebound from its weakest levels since January is in jeopardy as banks from UBS AG to Morgan Stanley say they see money flowing out of the currency.

Ukraine () - Ukrainians are keeping almost 70 billion dollars outside the banking system, Olena Shcherbakova, Director of the National Bank of Ukraine’s Monetary Policy Department, says. In other words, the populace is keeping at home a very sizable financial reserve which the economy badly needs today.

Europe () -  Investors betting against the euro- area surviving its debt crisis in one piece may be overlooking one thing: the will of politicians to hold it together.