It was Napoleon Bonaparte who declared that “the people to fear are not those who disagree with you, but those who disagree with you and are too cowardly to let you know.”
A top lobbyist for France’s largest bank says European lawmakers will have only themselves to blame if pressure to bolster capital too quickly results in more Boeing Co. planes at the expense of European rival Airbus SAS.
On his first day of work at the Bank of England last year, Mark Carney traveled on the London Underground. As he alighted, he would have been urged to “mind the gap” between train and platform.
For all the fears of a Japan-style era of deflation, a more likely threat for Europe is what International Monetary Fund officials are calling lowflation.
European Central Bank President Mario Draghi may act more like Ben S. Bernanke than Jean-Claude Trichet in 2012.
Portuguese Prime Minister Pedro Passos Coelho said he won’t quit after a coalition partner resigned, adding to political turmoil as bond yields surged.
Ricard Mollon, founder of a designer furniture firm near Barcelona, says he can see the way to success but can’t get a bank loan to fund it.
Greece, responsible for 0.4 percent of the world economy, now poses a threat to international prosperity as investors raise bets its days using the euro are numbered.
"A disastrous economic record."
- Laurence Boone on Jun 11, 2014