The once taboo subject of a Greek departure from the eurozone cracked in the past couple of weeks, primarily with threats to Greece.
Today the exit discussion dam broke wide open as Eurozone tells members to make contingencies for "Grexit"
Euro zone officials have told members of the currency area to prepare contingency plans in case Greece decides to quit the bloc, an eventuality which Germany's central bank said would be "manageable".
MILAN — Financial investors would prefer Italy avoided new elections, concerned they would just postpone economic reform and bring little hope of resolving a parliamentary deadlock, a survey by U.S. bank Morgan Stanley showed on Friday.
Only significant funding problems and a much deeper recession would reignite the sort of fear that pushed Italy’s 10-year bond yields above 6.5% in July, according to the survey of 317 market participants carried out this week.
Oslo (AFP) - There was no clear frontrunner ahead of Friday's Nobel Peace Prize announcement, with a Russian opposition newspaper, Tunisia's democratic leadership, Pakistan schoolgirl Malala Yousafzai and Pope Francis among a record number of candidates.
I was debating on what to write about tonight–either the update on Nobel Prize winner Peter Diamond’s failed nomination to the Federal Reserve Board (with his very public withdrawal as shared via the New York Times), or Minnesota governor (and Republican presidential candidate) Tim Pawlenty’s speech on his “economic plan” (text of speech