BofA Merrill Lynch | Rome has designed a comprehensive strategy, in which reforming the institutional and economic structures is made politically manageable by loosening fiscal policy. This comes at an external price – more tense relationship with Brussels and potentially Berlin – but at least the brief is clear. It remains a narrow road though, with political and cyclical risks abounding.
Telefónica’s Board of Directors will consider the appointment of José María Álvarez-Pallete as the company’s new Executive Chairman at its next meeting on April 8th. The proposal has been made by current Chief Executive César Alierta, who believes Álvarez-Pallete is the best prepared executive to face the challenges of the digital revolution.
Nick Malkoutzis via Macropolis | Greece’s Migration Policy Minister Yiannis Mouzalas could find himself out of a job or demoted soon because he slipped up in an interview. That his position is in peril for a verbal faux pas when others are going about their jobs unperturbed despite helping running the country into the ground is a pretty succinct statement on the interminable absurdity of Greek politics.
Guntram B. Wolff via Caixin | G-20 ministers in Shanghai appeared to be aware of the importance of structural work. In particular, there was agreement in our panel discussions that the Base Erosion and Profit Shifting (BEPS) project of the OECD was an essential element to deal with tax avoidance and ensure that profits are taxed where economic activity generating it takes place.
UBS | Following our recent launch report on European luxury we have undertaken an analysis of US and Chinese millennial (18-34 years) spending together with UBS Evidence Lab based on our survey of 2,109 consumers. We conclude that millennials will not mark the end to luxury consumption that some fear.
Benjamin Cole via Historinhas | It is too bad in some regards that Richard “Inspector Clouseau” Fisher, the former president of the Federal Reserve Bank of Dallas, in no longer ensconced in that position. For one, he was always great copy. For seconds, he was one of the most infallible reverse indicators of Post War Era, and economic soothsayers could bet against a Fisherian proclamation with a rare calm.
CSOs around the world have promoted policies on climate change and ensured that marginalized people’s interests are represented in national climate policy for many years
The Chancellor’s latest Budget saw the cumulative forecast for government borrowing over the next five years revised up by close to GBP 40bn. This reflects both weaker cyclical growth and also the Office for Budget Responsibility (OBR) taking a gloomier view on UK trend productivity growth.
Caixin | The 2008 global financial crisis thrust Ben Bernanke into the spotlight as his every move drew unprecedented attention, scrutiny continued until he stepped down as chairman of the U.S. Federal Reserve in 2014.
