When the European Union stepped in this spring with a ¤750 billion rescue package to back Europe’s weaker economies, the threat of imminent default practically disappeared. Little of the
The debt crisis in Europe sparked by Greece this spring did not undermine all euro-zone economies equally. In fact some have benefited from the growth opportunities that a
Riding on the back of a revival in demand in the US market, the Indian IT sector is upbeat about beating the European debt crisis and currency fluctuation, which has
Norbert Reithofer, the chief executive of BMW, often boasted that he was among the first in the automobile industry to see the downturn coming back in 2007 and start trimming
It is not easy being a central banker in Europe—especially during the biggest economic crisis in a generation. But Andras Simor the governor of the Hungarian Central Bank
When President Franklin D. Roosevelt declared a U.S. bank holiday at the height of the Great Depression in 1933, nervous investors found renewed confidence after examiners deemed many banks sound and threw their doors back open for business
Will Europe’s bank stress tests be a success if nobody fails? Assurances by government leaders in recent weeks that their countries’ banks would pass the tests have left economists and
For decades, Turkey has been told that it was not ready to join the European Union — that it was too backward economically to qualify for membership in the now
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