Stephane Deo, head of European economic research at UBS, believes that Greece would be required to introduce a 100% haircut in order to make its debt manageable. The expert added that the only possible solution to tackle debt woes is to involve a larger share of the private sector.
Viewpoints of the policymakers have split over the right course of further monetary policy: one top policymaker suggested extra stimulus provision is necessary, while another pointed at a necessity of monetary policy tightening. Jeffrey Lacker, the head of the Richmond Fed, admitted that although the US inflation is more likely to diminish in the next months due to declines of
According to ZIFX.com analysts the main support levels may be found at 1.3581, 1.3464 and 1.3340. These are expected to hold intraday dips. Alternatively, if the European currency gains in value comparatively to the greenback, resistances might be in focus. The immediate line is located at 1.3814, followed by 1.3930. The highest indicated resistance is situated at 1.4050. Currently the
Investors are putting increased pressure on European officials pushing them to design a rescue plan for region's struggling banks before November G20 summit. Simon Maughan, head of sales and distribution at MF Global Ltd. in London, claims that a decision on general capitalization, and occasionally - over-capitalization of banks is likely the only chance left for European leaders. According to IMF, banks
Investors are putting increased pressure on European officials pushing them to design a rescue plan for region's struggling banks before November G20 summit. Simon Maughan, head of sales and distribution at MF Global Ltd. in London, claims that a decision on general capitalization, and occasionally - over-capitalization of banks is likely the only chance left for European leaders. According to IMF,
Investors are putting increased pressure on European officials pushing them to design a rescue plan for region's struggling banks before November G20 summit. Simon Maughan, head of sales and distribution at MF Global Ltd. in London, claims that a decision on general capitalization, and occasionally - over-capitalization of banks is likely the only chance left for European leaders. According to IMF, banks
Average worker salaries of around USD 4 200 per year are expected to double until 2015, Jae-Man Noh - head of joint venture operations in China at Hyundail. Rising wages have been a headache for international companies of nearly all industries outsourcing production to China, and gradually China is losing its perceptional image of a country with low-cost production. A