CEO of Goldman Sachs optimistic about economic growth

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Source: Bloomberg
© Scanpix/Reuters

Lloyd C. Blankfein, CEO of Goldman Sachs Group Inc. claims that economic recovery will come as a surprise and retrieval will be faster than expected.  Nevertheless, Blankfein admitted he does not know when the recovery will begin. In October Goldman Sachs, the 5th biggest US bank reported loss second quarter in a row, however, Blankfein suggests no radical operation changes are needed.

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Wed, 16 Nov 2011 09:47:31 GMT

Greek PM faces a confidence vote on Euro

Lucas Papademos, the new Greek PM today faces confidence vote on 3-month mandate to secure financing needed to save Greece from default and keep it in Euro. Papademos is expected to implement budget provisions and guarantee a bailout package consisting of €130 bn. According to, Evangelos Venizelos, upcoming vote is the last chance for Greece to overcome crisis.

Wed, 16 Nov 2011 09:43:49 GMT

Monti certain on ending debt crisis

Mario Monti, prospective Italian PM said he is self-assured that Italy can tackle current crisis. On Wednesday Monti will meet President Giorgio Napolitano to present the new government. According to Monti, talks with political parties, employers and unions were productive and useful. All parties engaged in agreement, made their contribution to positive outcome.

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