In an exclusive interview, Julia Chatterley asked Greek Finance Minister Yannis Stournaras about the status of Troika discussions on the sidelines of the EcoFin meeting in Brussels.» Read More
If islands are not a real cash option and - often deplored by Greek politicians - many of the valuable antiquities have long been pilfered (by fellow Europeans), what DOES Greece still have to sell?
While sovereign debts crises are threatening one European institution -- the euro -- big leverage is also threatening something that is arguably just as important, and certainly more revered: soccer.
The amount of bickering around the Greek crisis shows that Europe is clearly not ready for a United States of Europe - not yet and maybe not ever.
Manchester United, one of the richest soccer clubs in the world, is on the verge of shaking its ties with one of the world's most powerful investment banks, Goldman Sachs, the Financial Times reported Thursday.
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I think it was James Carville ("It's the economy, stupid!") who said he wanted to come back as the bond market since he could then rule over everyone.
This is war! That was the message from Athens Wednesday as the Greek government tried to combat the debt threat that hangs over the country.
To paraphrase Winston Churchill, the US is the worst place to put your money – except for all the others.
Sen. Jim Bunning was right all along. He was just trying to get the Senate to enforce its own pay-go budget rule and actually find $10 billion of spending cuts out of a $3.5 trillion budget to pay for extended unemployment benefits and other items in a catch-all spending bill.
President Obama’s new health-care push would apply the 2.9 percent health-care payroll tax to investments. We’ve never done this before. If we do, with the Bush tax cuts set to expire, the tax rate on capital gains and dividends could jack up over 50 percent.
A proposal to give the Federal Reserve the primary responsibility for protecting consumers from abusive and deceptive financial products emerged on Tuesday as a potential breakthrough after months of partisan gridlock in the Senate over the terms of a broad overhaul of financial regulations.
Could the economy be at risk of a double dip? The New York Times explains.
If you look to Congress, or the political class in general, leadership seems to be getting to where the crowd is already going and pretending you led them there.
It's set to be a tumultuous week in the Greek financial crisis that will reach its crescendo Friday when Prime Minister George Papandréou travels to Berlin to meet with the German Chancellor Merkel.
Given the current trouble Congress is experiencing getting a financial regulatory bill out of the Senate, this underscores some of the confusion about arcane financial products and confusion over how to address their risks (if any) towards the financial markets.
Positions were formed long ago and the talk-fest provided photo ops and little more. Observers took away what they wanted.
The only way to take this economy out of crisis is to grow it so that tax receipts go up.
A hung parliament will be good for sterling because it will ultimately see the UK join the euro.
The economy remains the key to the election which is expected to be on May 6th. David Cameron has been light on the details of what he would actually do to curb borrowing and the public remains skeptical about his stance in an area that should be an own goal.
We have been talking about inventories forever and in the fourth quarter the rate of inventory destocking slowed enough that 3.9% of the 5.9% gain was from that slowdown.