China’s currency has received a major status upgrade after the IMF agreed to include it in an elite basket of currencies. The decision marks a coming of age for the world’s second-biggest economy. Officially it’s...
Never before has an EU government done so much damage in so little time. In his first 100 days Alexis Tsipras has slammed shut every door and alienated his friends. But the chaos continues, writes...
Greece has agreed to repay its debt to the International Monetary Fund due this week, according to the Fund’s director. Christine Lagarde held informal discussions with Greece’s finance minister in Washington. Greece’s Finance Minister Yanis...
The ratings agency Standard & Poor’s has downgraded Italy’s credit score by one place. S&P noted that the country’s creditworthiness might well take a further hit in the not-too-distant future. The New York-based agency announced...
Borrowing costs for debt-laden Greece have surged massively as the smallest party in the ruling coalition decided to exit the government. The move raised uncertainty over reforms and the country’s ability to repay debt. Yields...
The biggest lender in debt-stricken Greece, the National Bank NGB, has announced that it raised the necessary amount of private capital to avoid nationalization. It secured even more money than required by law. The National...
