Larry Summers, Harvard University professor and former Treasury Secretary, shares his thoughts on deferred debt, the global economy, and trade wars.
OTTAWA, March 22- Canada's new Liberal government on Tuesday unveiled a stimulus budget to revive growth with infrastructure spending and said it would run a deficit nearly three times larger than promised during last year's election. The government said the budget was expected to raise growth 0.5 percent in the first year and 1.0 percent by the second after...
economy@ OTTAWA, March 22- Canada's new Liberal government said on Tuesday that in a bid to revive growth it would run a deficit nearly three times larger than promised during last year's election, but gave no target date for returning to a balanced budget. The projected C $29.4 billion deficit for fiscal 2016-17 comes after the government of Prime Minister...
GLASGOW, March 22- Scotland's nationalist leader said she would stop a planned UK- wide tax cut from being introduced in Scotland, drawing a contrast with British finance minister George Osborne whose latest budget plans have raised a storm of protest. The Scottish government will use its new powers to stop the planned increase in the level at which households...
Nicos Anastasiades, President of Cyprus, says governments need to achieve budgetary discipline without harming vulnerable members of society.
German Chancellor Angela Merkel, who's usually seen as Europe's indispensable leader, is in danger of losing that role.
After years of working to tighten budgets, European nations are now grappling with whether to boost defense expenditures.
Thousands of protesters in Athens were witnessed throwing petrol bombs and stones during rally.
Neil Shearing, chief emerging markets economist at Capital Economics, explains why the package of spending cuts and tax increases unveiled by Brazil's government isn't helping the economy.
Fariborz Moshirian, director of Institute for Global Finance, UNSW Business School, says the national elections on Sunday will likely lead to "political and finance stability" in Greece.
Monday should have been a good day for Greece with banks re-opening and receiving over 7 billion euros in financing. But turns out, they don't have much to celebrate.
Michael Moran, Managing Director for Global Risk at Control Risks, describes the political trouble the Greek PM is currently in.
Expect serious political fallout following the third Greek bailout, says Warwick professor Haridimos Tsoukas.
John Calverley, Head, Global Thematic Research at Standard Chartered, warns of looming trouble in Greek politics.
Lindsey Piegza, Chief Economist at Stifel Fixed Income, says getting the Greek population on board with Monday's bailout plan will require "extreme political maneuvering."
Guillaume Chatain, Executive Director and Head of Equity Solutions at JP Morgan Private Bank, expects Athens to seek changes to Monday's bailout deal over the next couple of months.
Jason Brady, Head of Fixed Income & Managing Director at Thornburg Investment Management, doesn't expect the Greek citizens to willingly accept the new harsh measures outlined in the bailout deal.
Twitter broke the news. After a record 17 hour-long emergency euro summit, a deal between Greece and the Eurogroup has been struck.
Mark Melatos, Senior Lecturer at the University of Sydney's School of Economics, explains why a 5-year exit from the common currency isn't likely for Greece.
CNBC's Michelle Caruso-Cabrera and Stathis Kalyvas, Yale professor, discuss whether Alexis Tsipras' new plan has a chance of passing in the Greek parliament.