""There are still too many people who are left out of that recovery and acceleration of growth.""
IMF Managing Director
"Give up attempts to solve the existing problems by force."
Russian Foreign Minister
""Inequality is not inevitable, it's not like the weather. It's a policy choice.""
Oxfam’s head of policy on inequality.
""It's unbecoming for a cardinal to ski badly.""
Pope John Paul II
""The sheer scale of the challenges our world faces makes concerted, collaborative and integrated action more essential than ever.""
Professor Klaus Schwab
Founder and Executive Chairman, World Economic Forum
"The US is enduring an unprecedented crisis of trust... The root cause is the lack of objective facts and rational discourse"
President and CEO, Edelman
""We can get past this manufactured crisis and get on to a host of serious issues before us that require thoughtful bipartisan negotiations.""
Senate Majority Leader
""You may carry a smartwatch during the day for practical reasons and later want to feel elegant, have a kind of intimate bond with your object, or just feel good about yourself. I believe in the comfort and elegance that a fine watch brings today so I think there is room for both and I'm not particularly worried.""
CEO, La Montre Hermès
Another blow for the French government as the ratings agency Fitch warned it may cut France’s credit rating.
The double A plus rating on French
The European Commission has agreed to extend a credit line of
1.7 billion euros to bolster Bulgarian banks.
Authorities in Sofia believe two of
Tough times for enterprises all around the world. Credit Suisse became the biggest lender in 20 years to plead guilty to the US authorities. Helping
Cyprus has voted to adopt a controversial privatisation law covering the main public services.
It allows a fresh slice of a 10 billion euro
Angry credit card customers have flocked to banks in South Korea to cancel their cards after a massive theft of personal data. The loss is believed
Ireland says its economy has recovered sufficiently that it does not need a line of credit after it ends its bailout next month.
The head of the Church of England has been left red-faced after it emerged that the institution had invested indirectly in a short-term loan company
Fears of a credit crunch in China’s banking system have eased as short-term interest rates fell, though they do remain elevated.
The central bank –
Five people have been injured by fire following a house eviction in Sicily.
The family were reluctant to leave but still talking to the bailiff
Cyprus is reportedly to limit the amount of cash individuals can take out of the country to 3,000 euros as details of the country’s capital controls
Spain’s major banks have decided to suspend the evictions of the most financially vulnerable.
The leading political parties have also agreed to
How does an unemployed homeowner dreading a condemned future in Spain feel?
Here is Fabian Herrera’s answer: “I am depressed, I feel bad, I can’t
Germany’s largest credit agency is coming under fire, after revealing that it plans to gather information from social media websites.
Spain demonstrated on Thursday that it could still borrow on the international credit markets – and what was more at an affordable, though rising
Europe’s second-highest court has rejected MasterCard’s challenge to a European Union ban on its cross-border credit and debit card fees.
Spain has passed the first test of investor demand for its government bonds since the latest downgrade of Madrid’s credit rating by S&P.
Shares in UniCredit slumped again on Monday— so much that they were briefly suspended from trading on the Milan Stock Exchange — as Italy’s biggest