Europe News Eastern Europe

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    By intervening in the eurozone’s bond markets, the ECB has become a lender of last resort. In a world characterised by growing financial panic, that has to be good news, HSBC's Stephen King writes in the FT.

  • Recession-themed newsprint cuttings

    Double dip may be back. It has been three decades since the United States suffered a recession that followed on the heels of the previous one. But it could be happening again, the New York Times reports.

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    Deutsche Telekom's CEO Rene Obermann is confident that the sale of its US unit T-Mobile USA to AT&T will get regulatory approval, he told CNBC Thursday.

  • Protestors escape tear gas fired by policemen in Athens.

    Can a bailout fund whose backers include some of the countries it may be called upon to bail out really succeed? The NYT reports.

  • Greece

    European leaders on Thursday clinched a new rescue plan for Greece that could push the country into default on some debt but would also give Europe’s bailout fund new powers to aid struggling economies, the NY TImes reports

  • A train transporting defense gear from Romania to Bulgaria was broken into and military equipment went missing, Romanian military prosecutors said in a statement on Sunday.

  • Rupert Murdoch, Chairman and CEO of News Corporation

    At best, former Scotland Yard senior officers acknowledged in interviews, the police have been lazy, incompetent and too cozy with the people they should have regarded as suspects.  The New York Times reports.

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    Bankers believe that an additional disclosure requirement, relating to previously unpublished details of banks’ credit exposures, could trigger approaches for credit portfolios from specialist buyers. The FT reports.

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    The price of corn is the latest of a series of signals that remind investors about 2008, the year the financial crisis spread across the globe and Lehman Brothers collapsed, Simon Derrick, chief currency strategist at Bank of New York Mellon, wrote in a note Monday.

  • ZURICH, SWITZERLAND - MAY 10: International Monetary Fund Managing Director Dominique Strauss-Kahn leaves the Second Annual Conference of International Monetary Fund held at the Baur au Lac Hotel on May 10, 2011 in Zurich, Switzerland. The conference hosted by the Swiss National Bank (SNB) and the International Monetary Fund (IMF), brought together central bank governors and senior policymakers, to debat about the reform of the international monetary system with topics such as global liquidity p

    Little by little, the woman's credibility as a witness crumbled — she had lied about her immigration, about being gang raped in Guinea, about her experiences in her homeland and about her finances, officials told the NY Times.

  • ZURICH, SWITZERLAND - MAY 10: International Monetary Fund Managing Director Dominique Strauss-Kahn leaves the Second Annual Conference of International Monetary Fund held at the Baur au Lac Hotel on May 10, 2011 in Zurich, Switzerland. The conference hosted by the Swiss National Bank (SNB) and the International Monetary Fund (IMF), brought together central bank governors and senior policymakers, to debat about the reform of the international monetary system with topics such as global liquidity p

    The sexual assault case against Dominique Strauss-Kahn is on the verge of collapse as investigators have uncovered major holes in the credibility of the housekeeper who charged that he attacked her in his Manhattan hotel suite in May, according to two well-placed law enforcement officials. The NYT reports.

  • Vietnamese worker uses sewing machine at garment factory, Hanoi, Vietnam.

    Asian economies are not protected from Europe’s debt problems given their strong trade links, even though they have high savings and relatively strong financial systems, RBS wrote in a recent report.

  • European Central Bank

    The New York Times considers the possibility that a firm or group of firms insured billions of dollars of European debt through derivatives.

  • Whether it’s next week or next year, strategic investor Dennis Gartman thinks its only a matter of time until the European Union unravels.

  • Russian President Dmitry Medvedev

    Dmitry Medvedev has made clear he would like a second term as Russian president but said he and prime minister Vladimir Putin would not run against each other next year, he told the FT.

  • Jim O'Neill

    Russia and China are the most attractive BRIC countries at the moment, according to Jim O’Neill, Chairman of Goldman Sachs Asset Management.

  • Wheat field

    Agricultural commodity prices should fall back from their current highs as fresh supplies come onto the market, the Organization of Economic Cooperation and Development said in a report on Friday. However, food prices will continue to put upwards pressure on inflation.

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    For now, at least, investors seem to believe that the United States has enough shock absorbers to comfortably withstand a default by Greece, the New York Times reports.

  • Human resources consultant ECA International has drawn up its latest list of the world’s most expensive cities for expatriates. The survey looked at 400 cities and regions across the world, and measured a basket of common items in U.S. dollars terms, purchased by foreign workers including food, clothing and electrical goods.But the ranking excludes housing and school fees, because ECA says, those two items aren’t usually covered by companies in their cost of living adjustments (COLA). Some of th

    Human resources consultant ECA International has drawn up its latest list of the world’s most expensive cities for U.S. expatriates. Check out the list!

  • The former Greek Prime Minister, George Papandreou

    Bond traders and officials at the European Central Bank have been unified in their warnings that a restructuring of Greece’s debt would set off an investor panic similar to the one that followed the bankruptcy of Lehman Brothers, the New York Times reports.