By Alexander Apostolides via The Agora | Cyprus has the habit of grabbing international attention in a global way, only to then be marginalised as a footnote when the immediate crisis seems to have abated. This has been historically true in issues of communal violence and the Annan plan, in what we Cypriots call “the original Cyprus problem”. Sadly for Cyprus, this is also seems to hold true in regards to its financial crisis.
MADRID | By The Corner Team | Mexican investors, such as Grupo Financiero Ve Por Mas among others, will invest 450 million euros ($621 million) in Banco Popular Español SA (POP), thus acquiring a 6 percent stake in Spanish bank.
*PHOTO by Bloomberg.
SAO PAOLO | By Marcus Nunes | ECB Executive Board member Benoit Coeuret told a journalist club on Monday night that the European Central Bank was ready to act, but that the euro zone was not edging towards a dangerous fall in prices.
WARSAW | By L. Guza at Dziennick Gazeta Prawna via Presseurop | EU labour ministers are meeting today to agree on amendments to the 1996 Posted Workers Directive, but the changes demanded by some member states to fight social dumping from countries including Poland will hamstring the free flow of workers and benefit middlemen.
By Jens Bastian at The Agora | The two economic adjustment programmes for Greece from 2010 and 2012 as well as the sovereign debt restructuring from April 2012 and the debt buyback initiative in December of the same year have had a significant impact on the debt profile of Greece as a sovereign debtor. Greece’s creditor structure in 2013 compared to the point of departure in 2010 hardly bears any resemblance.
The two economic adjustment programmes for Greece from 2010 and 2012 as well as the sovereign debt restructuring from April 2012 and the debt buyback initiative in December of the same year have had a significant impact on the debt profile of Greece as a sovereign debtor. Greece’s creditor structure in 2013 compared to the point of departure in 2010 hardly bears any resemblance.
– See more at: http://www.macropolis.gr/?i=portal.en.the-agora.672&itemId=672#sthash.BZtuYz92.dpuf
The two economic adjustment programmes for Greece from 2010 and 2012 as well as the sovereign debt restructuring from April 2012 and the debt buyback initiative in December of the same year have had a significant impact on the debt profile of Greece as a sovereign debtor. Greece’s creditor structure in 2013 compared to the point of departure in 2010 hardly bears any resemblance.
– See more at: http://www.macropolis.gr/?i=portal.en.the-agora.672&itemId=672#sthash.BZtuYz92.dpuf
KIEV | By Gazeta Wyborcza via Presseurop | Anti-government demonstrators in Kiev on December 8 destroyed a statue of Lenin, which they said symbolised Russia’s dominance over Ukraine, reports Gazeta Wyborcza.
MADRID | By Luis Arroyo | ECB’s policies have damaged more than helped the European economy. After all, the FED has managed to steer the US towards the path of growth, while the ECB is unable to make its policies work. But the truth is, they are not entirely the ECB’s but the Bundesbank’s procedures commanded by Ms Angela Merkel.
SAO PAOLO | By Marcus Nunes | Mr Ambrose Evans-Pritchard explains “Mario Draghi said the ECB is studying what happened in Japan at the onset of its Lost Decade in the 1990s, insisting that the EZ is unlikely to go the same way.”
By Peter Lundgreen at Caixin | Corporations and consumers are optimistic about the prospects for growth in Germany next year, but this hope lacks supporting fundamentals.
MADRID | By Alex García.