Merkel Shuts Down Greek Bid for New Aid Talks Before Referendum
German Chancellor Angela Merkel dismissed a bid for aid by Greece hours before its bailout expires and a payment deadline to the IMF passes.
Greece's Firebrand Finance Minister Deserves to Be Heard
Vanis Varoufakis was a breath of fresh air in this protracted and exhausting Greek economic drama, which involves alarming human costs.
Investor Alert: Latvia to Become Newest Eurozone Member
Far from breaking up, the Eurozone is on the verge of welcoming a new member. The news is good press for the Eurozone, after so many bad headlines.
Africa: Opportunity Beyond the S in BRICS
Investors considering going a bit farther afield than EU countries, Japan and other developed markets might want to consider Africa—and not just South Africa.
A Development Bank Built by and for the BRICS
A bank run by a force other than the U.S. and Europe could change things drastically for developing nations—if it lives up to its stated purpose.
Concidence? Big ETF News Accompanies Big ETF Conference
The week has brought launches of ETPs on the Singapore dollar, BDCs and infrastructure, along with Schwab’s commission-free platform.
Greece Gets Two More Years to Hit Deficit Targets
International Monetary Fund Director Christine Lagarde protested the extension of the deadline for Greece to cut its debt to a “sustainable” level to 2022, saying that the target date “has to be 2020.”
EU to Consider Caps on Banker Bonuses
Britain’s Finance Minister George Osborne, who has been outspoken in his efforts to preserve the London’s financial primacy in Europe, is expected to oppose the measure and has already said he would fight any bonus caps proposed by Brussels.
Eurozone Bank Supervision to Start in 2013
A meeting of EU leaders resulted in agreement that the ECB will be at the head of a framework of eurozone bank supervision, and that the structure will be in place by the beginning of 2013.
German Finance Minister Wants to Change EU Treaties
German Finance Minister Wolfgang Schaeuble is advocating changes that will allow the EU’s monetary affairs commissioner to reject national budgets and prevent non-eurozone countries, like Britain, from nixing eurozone-only measures.