Is France’s Economy a Surprise Threat to Eurozone?
The “bad boys” of the southern Eurozone, Greece, Spain and Italy, have gotten most of the attention when it comes to a possible Eurozone breakup, but the real threat may lie in an unexpected direction.
Swiss Banks, Socialists Square Off Over Taxes
A backlash is growing in the Alpine country over the fact that billionaires, such as Ikea founder Ingvar Kamprad, pay a lower tax rate than native Swiss, even as bankers circle the wagons to protect what they say is a lure to draw wealthy clients who bring jobs and growth...
Greece, France Jockey for Change
Alexis Tsipras of the Syriza party in Greece has given leaders of other parties an ultimatum: reject the bailout and its tough conditions, or be shut out of the government.
Spain to Raise Taxes, Cut Spending
Spain’s new Prime Minister Mariano Rajoy is taking tough steps to combat his country’s debt crisis, and has announced that while taxes will rise substantially, spending will be cut even more.
Greece, Italy Face Shifting Governments
The financial crisis that brought down the leaders of both Greece and Italy is not finished with the nations yet. The two Mediterranean states must now focus on who will lead their new governments through the turmoil of their debt crises.
Five Key Elections for Advisors to Watch in 2012: J.P. Morgan
Advisors need to keep an eye on political elections around the globe next year, says Rebecca Patterson, J.P. Morgan Asset Management’s chief markets strategist.
Greece Verges on Collapse After Call for Bailout Referendum
Not just leaders of the eurozone, but markets were stunned by the news; Greek prime minister did not notify policymakers before the announcement.
Greek Prime Minister Survives Confidence Vote
George Papandreou of Greece won a crucial vote of confidence late Tuesday, with all 155 lawmakers of the Socialist party expressing their support for his beleaguered government, significantly above the absolute majority of 151 votes required by Greece’s 300-seat Parliament.
Greek Prime Minister Names Rival to Finance Ministry
In the course of shuffling his Cabinet on Friday, Greece's Prime Minister George Papandreou sacrificed his finance minister, George Papaconstantinou. In Papaconstantinou's place the prime minister appointed his own chief rival in the Socialist Party, Defense Minister Evangelos Venizelos.
IMF Chief Strauss-Kahn’s Arrest for Sexual Assault Roils France
The arrest over the weekend for sexual assault in New York of Dominique Strauss-Kahn, head of the International Monetary Fund, is having repercussions far beyond those to his alleged victim, a hotel maid at the Times Square Sofitel.