Athens () - Greece faces the risk of a disorderly default in March if it doesn't complete negotiations for the country's second bailout starting this month, Prime Minister Lucas Papademos said Wednesday.
Athens () - Greece faces the risk of a disorderly default in March if it doesn't complete negotiations for the country's second bailout starting this month, Prime Minister Lucas Papademos said Wednesday.
London () - Gerhard Schroeder, the former German chancellor, has formulated a clever doctrine on what might be called the intertemporal effect of economic reforms. It makes rather depressing reading for incumbent politicians.
() - The U.S. economy finished the year with a reassuring spurt of growth, a sign that Europe’s recession hasn’t yet spilled across the Atlantic.
() - Bouts of panic. Moments of elation. Vertiginous plunges. Markets lurching on the scantiest fragment of news from a Parliamentary committee in a minor-league country. That was investing in Europe in 2011. Be prepared in 2012 for at least more of the same.
London () - It’s been a tumultuous 12 months for Britain.
Greece () - Greece’s creditors are resisting pressure from the International Monetary Fund to accept bigger losses on holdings of the indebted nation’s government bonds, said three people with direct knowledge of the discussions.
Boston () - To understand the effect that the mention of the European Union has on anti-EU “Euroskeptics” in Britain, one should recall the excellent Herbert Lom as Inspector Clouseau’s boss, Chief Inspector Dreyfus.
Italy () - Italy, fighting to reduce borrowing costs amid Europe’s debt crisis, may raise more than 2 billion euros ($2.6 billion) from the sale of television frequencies.
Europe () - The president of the European Central Bank (ECB), Mario Draghi, has said he has "no doubts" about the euro's ability to survive the current crisis.
Europe () - IMF head Christine Lagarde has said the world economic outlook is "gloomy" and no country is immune from rising risks.
Europe () - The head of the European Commission has said the UK's demand for special treatment for financial services would have risked the single market.
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