10 Updates

Lenders the scapegoats for voters' folly

Source: Winnipeg Free Press, Dec 6 2012, 3:15pm CST

Neither a borrower nor a lender be, For loan oft loses both itself and friend, And borrowing dulls the edge of husbandry. VICTORIA — This advice from old Polonius to his son in Act 1 of Shakespeare’s immortal play seemed especial ...

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Update
10

8 hours ago

IMF launches broad review on sovereign debt restructurings

Source: Reuters  |   May 23 2013, 5:30pm CDT

WASHINGTON May 23 (Reuters) - The International Monetary Fund has begun to rethink how it should handle bailouts for countries that run into financial trouble, with staff suggesting private-sector creditors should r ...

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9

10 hours ago

Don’t frack with our beer: German brewers warn Merkel against gas ventures

Source: Russia Today  |   May 23 2013, 3:25pm CDT

German beer makers have warned the chancellor Angela Merkel that the controversial method of drilling for natural gas known as fracking could damage Germany’s legendry beer industry by contaminating the purity of the water. The Brauer-Bun ...

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Latest Politics News

 
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8

16 hours ago

Greece could earn more debt relief: Eurozone chief

Source: Economic Times  |   May 23 2013, 9:20am CDT

ATHENS: Greece could be rewarded with another cut in its debt by its international creditors if it continues to apply the terms of its economic recovery, eurozone chief Jeroen Dijsselbloem said on Thursday. "Eurozone countrie ...

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Update
7

22 hours ago

Asian Debt: Beware of Bubbles

Source: CNBC  |   May 23 2013, 3:04am CDT

Gresik is a small industrial town of fewer than 100,000 people, just to the north of Indonesia's second-largest city, Surabaya in East Java. But its position is critical. It sits near the Lombok Strait, the se ...

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6

1 day ago

German opposition attacks Merkel minister over dud drone deal

Source: Reuters Mobile  |   May 22 2013, 10:14am CDT

German Chancellor Angela Merkel attends a cabinet meeting at the Chancellery in Berlin, May 22 , 2013. BERLIN (Reuters) - German opposition parties accused a close ally of Chancellor Angela Merkel of withholding inf ...

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5

1 day ago

Lord Flight: Why Germany should leave the Euro

Source: ConservativeHome  |   May 22 2013, 9:25am CDT

Lord Flight was Shadow Chief Secretary to the Treasury from 2001-2004 and led for the Opposition on the FSMA. He is now chairman of Flight ...

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4

1 day ago

Portugal plunders pension fund to tackle debt cliff

Source: Reuters  |   May 22 2013, 6:38am CDT

LONDON, May 22 (IFR) - The Portuguese government plans to tap nearly all of its state-owned pension fund to ease it over the hump of a hefty EUR27.5bn of financing needs over the next two years, according to domestic news reports. Portuga ...

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3

2 days ago

German economy to improve ‘markedly’

Source: Independent Online (South Africa)  |   May 21 2013, 11:37am CDT

Frankfurt - Germany's central bank expects the country's economy to improve “markedly” in the second quarter - a development that could boost the wider eurozone as it struggles to get out of recession. The Bundesbank said Tuesday that Europ ...

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2

2 days ago

Angela Merkel under fire over Communist links as new image of her in uniform is released

Source: Daily Mail - UK  |   May 21 2013, 11:13am CDT

Photo found of her as 17-year-old marching with East German officerReleased as she is forced to play down new book which alleges communist past German Chancellor Angela Merkel faced fresh speculation over her supposed links to ...

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Update
1

2 days ago

Lloyd Blankfein is wrong about Europe

Source: Fortune  |   May 21 2013, 10:46am CDT

Lloyd Blankfein FORTUNE -- In an interview published last Saturday in the German national newspaper Welt am Sonntag (World on Sunday), Goldman Sachs CEO Lloyd Blankfein declared that the risk of a euro breakup has faded in the past year. Bl ...

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