Greece’s economy, in its fifth year of recession, is showing “tentative signs” of stabilization despite on-going political uncertainty, according to the latest research note from Credit Suisse. The bank pointed to increased industrial production and exports, as well as an improvement in competitiveness that is “well under way,” but also warned of the growing social cost.
They say it is a man’s world, but perhaps not for much longer as up to one billion women are expected to enter the workplace in the next decade according to the latest survey from Booz and Company on women in the workplace.
The belief that Greece needs more time in order to salvage its economy started as a somewhat-expected plea from Greece itself. Now, however, the International Monetary Fund (IMF), government ministers and economists are convinced that the country needs more time to implement reforms and austerity cuts.
Britain is committed to making the most of Europe’s single market, for now, and still holds dear its “special relationship” with the U.S., Britain’s foreign minister William Hague told CNBC on Wednesday.
German Chancellor Angela Merkel offered words of support in Athens on Tuesday, even as new data showed Greece's debt situation was worsening and as two former government ministers told CNBC, Greece would have to restructure its debts yet again.
Gainesville, Fla.: home of botanical gardens, a museum of natural history and one of the oldest universities in the state. But according to the latest global music piracy report, it can now add to its reputation the more ignominious title of music “pirate capital” of the world.
You know that something is seriously wrong with your economy when you tell an audience of learned academics and students at an elite university that your country doesn’t need a bailout, and the room rings with the sound of laughter.