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Power Lunch Europe

  • In Greece, Some See a New Lehman Monday, 13 Jun 2011 | 11:02 AM ET
    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. 

  • A Favorite Emerges for Helm of IMF Thursday, 19 May 2011 | 7:01 AM ET
    French Finance Minister Christine Lagarde is considered the top contender to replace Strauss-Kahn as IMF chief.

    The French finance minister, Christine Lagarde, was on a panel at the World Economic Forum in Davos this January when her usual smile turned into a frown. Next to her, Robert E. Diamond Jr., chief executive of Barclays and one of the most powerful bankers in the world, thanked regulators and finance ministers for their role in shaping a better environment after the financial crisis.

  • Avoiding Greece’s Lehman Moment Tuesday, 10 May 2011 | 2:13 AM ET
    A man walks outside the Bank of Greece headquarters during a demonstation against government's austerity measures in central Athens.

    Restructuring Greece’s debt is both desirable and inevitable, despite insistence from European Union officials over the weekend that the idea is off the table, reports the New York Times.

  • Britons in Demand for US Coverage of Royal Wedding Monday, 25 Apr 2011 | 8:06 AM ET
    Prince William and Kate Middleton

    The most sought-after pundits have been signed to long-term contracts worth over $100,000; some even have deals with several outlets.  "As long as you have an English accent," one expert joked, "you'll work." The New York Times reports.

  • Gaddafi Sons Said to Offer Plan to Push Father Out Monday, 4 Apr 2011 | 2:03 AM ET
    Libyans wave the French flag as they parade on a 155mm Howitzer belonging to Muammar Gaddafi forces in the eastern rebel-held city of Benghazi on March 21, 2011.

    At least two sons of Col. Muammar el-Gaddafi are proposing a resolution to the Libyan conflict that would entail pushing their father aside to make way for a transition to a constitutional democracy under the direction of his son Seif al-Islam el-Qaddafi, a diplomat and a Libyan official briefed on the plan said Sunday, the New York Times reported.

  • Some Weigh Restructuring Portugal’s Debt Friday, 25 Mar 2011 | 3:22 AM ET
    lisbon portugal

    As Europe struggles to come to grips with its debt crisis, which has deepened with the collapse of Portugal’s government after it pushed for yet another round of budget cuts, three numbers stand out: 12.4, 9.8 and 7.8, reports the New York Times.

  • For Europe and China, Nuclear Crisis Renews Fears Thursday, 17 Mar 2011 | 4:50 AM ET
    Nuclear Power Plant

    As Japan’s nuclear crisis intensified Wednesday, governments across Europe remained at odds over whether to scale back nuclear power programs or continue plans to expand, reports the New York Times.

  • Hoping to Lead Bank, Italian Faces Hurdles Friday, 25 Feb 2011 | 5:48 AM ET
    European Central Bank

    Many economists think he should be the next person to run the European Central Bank. But among government leaders in Berlin and Paris, where many of Europe’s most important decisions are made, Mario Draghi, the governor of the Bank of Italy, generates a palpable lack of enthusiasm, reports the New York Times.

  • Egyptians Say Military Discourages an Open Economy Friday, 18 Feb 2011 | 4:48 AM ET
    Marchers shake hands with Egyptian Army soldiers on tanks during a demonstration against President Hosni Mubarek in Tahrir Square January 29, 2010 in Cairo, Egypt. Egytian soldiers were for the most part interacting peacefully with the marchers in Tahrir Square during the afternoon hours.

    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.

  • Some Spanish Savings Banks Want More Time to Recover Friday, 18 Feb 2011 | 4:08 AM ET
    Spain

    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.

  • Europe Makes Effort to Shed a Light on Short Selling Tuesday, 8 Feb 2011 | 5:20 AM ET

    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.

  • A Crisis of Faith in Britain’s Central Banker Monday, 7 Feb 2011 | 7:24 AM ET

    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.

  • Egypt Officials Seek to Nudge Mubarak Out Saturday, 5 Feb 2011 | 9:18 AM ET

    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.

  • Merkel, in Reversal, Urges Rescue of Euro Friday, 4 Feb 2011 | 5:03 AM ET
    German Chancellor Angela Merkel

    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.

  • A Hefty Price for Entry to Davos Tuesday, 25 Jan 2011 | 8:33 AM ET
    Everyone gets the same color badge chain. But badge colors highlight the WEF caste system.

    Chief executives, government leaders and academics around the world are headed to Davos, Switzerland, for the World Economic Forum’s annual meeting this week — a heady power gathering that mixes business, politics and Champagne in the Swiss Alps.

  • Estonia

    On Saturday, Estonia completes its trip from Soviet republic to full-fledged member of the euro zone, reports the New York Times.

  • Euro Zone Is Imperiled by North-South Divide Friday, 3 Dec 2010 | 4:49 AM ET
    lisbon portugal

    The euro once meant flush banks and easy credit, but these days it has laid bare a cold reality: Portugal shares the high wages and prices of richer northern European neighbors, but not their competitiveness, reports the New York Times.

  • Irish Debt Woes Revive Concern About Europe Monday, 8 Nov 2010 | 4:33 AM ET
    Dublin, Ireland

    When interest rates soared last week on Irish government bonds, it served as a warning to other indebted nations of how difficult it could be to roll back decades of public sector largess. The New York Times reports.

  • Mortgage

    Covered bonds, a financing tool that has been popular in Europe since the 18th century, are winning converts here as a new way to finance residential and commercial mortgages, reports the New York Times.

  • As Dollar’s Value Falls, Currency Conflicts Rise Thursday, 21 Oct 2010 | 6:19 AM ET

    Fast-growing nations like Thailand are trying to devalue their exchange rates to bolster their export-driven economies, reports the New York Times.