Economics,Politics
Hollande Aims at Merkel in Escalating Debt-Crisis Critique
25.04.2012 13:29
Bloomberg: French Socialist Francois Hollande escalated his criticism of Europe’s debt-crisis response by aiming his fire directly at the duo of German Chancellor Angela Merkel and his campaign opponent, President Nicolas Sarkozy.
“Merkel has led Europe with Sarkozy and we can measure...
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Draghi Softens Tone on Inflation, Risks ‘Broadly Balanced’
25.04.2012 13:28
Bloomberg: European Central Bank President Mario Draghi softened his tone on the inflation outlook, saying the risks are now “broadly balanced.”
While inflation will remain above the ECB’s 2 percent limit this year, it will slow in 2013 and “underlying price pressures should remain...
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Europe Struggles With Painful Deficit Cures
25.04.2012 13:23
WSJ: BRUSSELS—A pledge by European Union governments to bring their swollen budget deficits back in line with EU rules by the end of 2013 is causing economic pain and political discontent across Europe, prompting officials to begin a politically sensitive discussion on how the goal could...
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Analysis: Politics force growth back on to Europe's agenda
25.04.2012 13:15
(Reuters) - It's early days, but powerful political currents could be sweeping Europe away from its hair-shirt obsession with reducing debt and deficits regardless of the economic cost.
Any course correction will be a tug on the tiller rather than a U-turn. The euro zone will not...
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Fed to stand pat, Bernanke briefing will set tone
25.04.2012 13:12
(Reuters) - The Federal Reserve began a two-day meeting on Tuesday that will likely show the central bank is slightly more upbeat on the economy but in little hurry to raise borrowing costs.
Investors wishing for clues into the prospect of a further easing of monetary policy from the...
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ECB's Draghi throws crisis ball back to governments
25.04.2012 13:10
(Reuters) - European Central Bank President Mario Draghi gave no indication on Wednesday that the ECB was poised to provide more support for banks or governments but also said the time was not right to consider rolling back its crisis-fighting measures.
There are growing expectations...
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Greeks detect hypocrisy as Dutch coalition stumbles
24.04.2012 10:11
(Reuters) - For months Dutch Finance Minister Jan Kees de Jager has subjected Athens to regular dressings-down on the dire state of its finances. Now, with his coalition brought to its knees by a row over budget cuts, Greeks may detect a whiff of hypocrisy.
Even by the standards of the...
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Analysis: Dow's new corn: "time bomb" or farmers' dream?
24.04.2012 10:08
(Reuters) - A new biotech corn developed by Dow AgroSciences could answer the prayers of U.S. farmers plagued by a fierce epidemic of super-weeds. Or it could trigger a flood of dangerous chemicals that may make weeds even more resistant and damage other important U.S. crops.
Or, it...
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George Osborne defends £10bn extra funding for IMF
23.04.2012 12:52
The Guardian: Chancellor says jobs in UK depend on stable world economy, but critics claim British taxpayers are bailing out eurozone
George Osborne is facing anger from Tory backbenchers and Labour after announcing that Britain is to commit another £10bn to the IMF.
The chancellor...
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Euro-Zone Crisis Funds Face a Market Test
23.04.2012 12:49
WSJ: TFinance Ministers Hope Expanded War Chests Calm Investors; Battles Remain on How to Deploy the Money if Needed
WASHINGTON—After months of wrangling, government leaders have assembled a pair of war chests to guard against deepening euro-zone turmoil.
Now their plan faces the big...
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