Christopher Pissarides News
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Helene Rey made a side trip on her way to the hospital to give birth to her daughter in September 2006: She stopped off at the main office of London Business School, where she teaches economics, to turn in a report on a doctoral defense.
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The International Swaps & Derivatives Association, a financial industry derivatives group, is being probed as part of a European Union antitrust investigation into how data on credit derivatives is shared.
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Mario Draghi’s brinkmanship has worked -- for now.
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With the yields of the euro area’s most-indebted nations getting support from the European Central Bank, the region’s safest bonds are proving the best indicator of risk amid turmoil in Cyprus.
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Finance Minister Michael Sarris sought to muffle calls for Cyprus to weigh a precedent-setting exit from the euro to ease the economic pain inflicted by the country’s 10 billion-euro ($13 billion) bailout.
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The devil lies in the detail of Cyprus’s salvation.
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Cypriot president-elect Nicos Anastasiades appointed Michael Sarris as finance minister and European Parliament lawmaker Ioannis Kasoulides as foreign minister.
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Britain’s assumption that it will retain full access to European Union markets if it leaves the 27-nation bloc is unrealistic, said Nobel economics laureate Christopher Pissarides.
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Greece is likely to avoid a full default while investors in its bonds may take losses of 50 percent, Nobel economics laureate Christopher Pissarides said.
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The European Union doesn’t have the resources to rescue Spain if it “collapses,” an event that could lead to the end of the euro, Nobel Prize-winning economist Christopher Pissarides said.
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