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Ebrahim Rahbari, director of global economics at Citi Research, who coined the "Grexit" term, asks if the risks of Greece exiting the euro have really receded.
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A new law devised to help Greece crack down on tax cheats is only one of the many efforts Greek authorities have made over the past year to change what has long been a way of life in this country — rampant tax evasion. But so far, to little avail. The New York Times reports.
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The leading party in Ireland's national election campaign wants to spread the pain from the nation's bank collapse to investors in bank bonds.
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Traders point to the fact that there is no sign that Europe’s credit markets are beginning to seize up as they did last spring, with banks worrying about each other’s counter-party risk. That’s evident from the fact that there is no spike in LIBOR, the interest rate at which banks borrow unsecured cash from each other on London's wholesale market.
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The Egyptian military defends the country, but it also runs day care centers and beach resorts. Since the ouster last week of President Hosni Mubarak, of course, the military also runs the government. And some say it has already begun taking steps to protect the privileges of its gated economy, reports the New York Times.
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Spanish savings banks, which have been ordered to raise more capital by the government, are facing an uphill struggle to persuade investors to help them improve their balance sheets, reports the New York Times.
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Discussing zero interest rate policy as an inescapable trap, and the reasons why Europe is currently caught in the throes of a true credit crisis, with Kyle Bass, Hayman Capital Partners managing partner.
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The dollar delivers, and the pound takes a pounding. Here's your daily wrap of news getting attention in currency circles.
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"While valuations are not yet stratospheric we question where the support may come from for continued earnings growth in 2012 and 2013," Pedro de Noronha, managing partner at Noster Capital in London, said.
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European shares were set to edge up Wednesday on optimism for European companies' health as the latest raft of results is released.
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Prices are rising in China and Britain, eurozone leaders are talking (and talking), and traders would like Americans to go shopping, already.
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European shares are expected to open higher on Tuesday, extending the previous session's 29-month closing high.
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...and new claims of abuse in the trading world—it's time for your FX Fix.
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Tracking the ups and downs of the euro debate is a little wearying. Policy decisions are postponed, inflation hawks suddenly turn dovish, Germany sends conflicting signals on helping (or not helping) weaker neighbors…you get the picture.
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European shares were set for a mixed open on Wednesday, staying close to 29-month highs, as worries about the effect of China raising rates were offset by some strong corporate data.
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The French financial markets regulator has begun to require hedge funds and other investment managers to disclose their short positions when they reach 0.5 percent of a company’s outstanding stock, reports the New York Times.
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European stock index futures pointed to a mixed open for equities on Tuesday, with shares pausing for breath after a rally since the beginning of the month.
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A central banker need not be loved, but at the least he should command respect — and in Britain these days Mervyn King cannot count on either, reports the New York Times.
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As protests continued for a 12th day, Egypt's newly named vice president and other top military leaders were discussing steps to limit President Mubarak’s decision-making authority and possibly remove him from the presidential palace in Cairo, the NYT reports.
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When the heads of the EU meet in Brussels on Friday, they will hear new ideas on how to save the euro, delivered by Mrs. Merkel and the French president, Nicolas Sarkozy, but written largely in Berlin, reports the New York Times.
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European shares were set to rise on Friday, tracking gains on Wall Street, as encouraging weekly U.S. jobless data boosted confidence about a recovery in the labor market.