Almost half of Ukrainians say they desire Ikea products more than any other global brand, yet the largest home-furnishings retailer hasn’t been able to crack the market in a decade of trying. The reason: it won’t pay a bribe.
Portugal’s borrowing costs are “unsustainable” after the interest paid on an auction of 1 billion euros ($1.4 billion) of government bonds surged, Goldman Sachs Group Inc. Chief European Economist Erik Nielsen said.
Erik Nielsen, chief global economist at UniCredit SpA, says despite a leadership change, China is a "slow moving supertanker" and will not divert from current policy. Nielsen talks with Bloomberg's Mark Mills and Vonnie Quinn on Bloomberg Radio's "Bloomberg - The First Word."
Nov. 20 (Bloomberg) -- Erik Nielsen, global chief economist at Unicredit Bank, talks with Bloomberg's Tom Keene about the European debt crisis and the fiscal cliff's threat to global growth. He speaks on Bloomberg Television's "Bloomberg Surveillance."
Mario Draghi defied his own staff at his first meeting as European Central Bank president and voted to cut interest rates. As the crisis rages on nine months later, he is shaping the institution more and more in his own image.