Alexander Stubb, elected yesterday by his party to become Finland’s next prime minister, pledged to continue his predecessor’s program of budget restraint amid the nation’s deepest economic rut since the early 1990s.
JPMorgan Chase & Co., the world’s biggest securities firm by revenue, hired former Italian Finance Minister Vittorio Grilli as chairman of its corporate and investment bank in Europe, the Middle East and Africa.
Democratic Party leader Pier Luigi Bersani turned to former Prime Minister Romano Prodi as a candidate for the Italian presidency after members of his party rejected his first choice, rupturing a rapprochement with Silvio Berlusconi.
The “worst part” of the European debt crisis is over and Greece’s near default has convinced European Union leaders of the need for a common fiscal policy, former EU Commission President Romano Prodi said.
Greek bonds are falling because European Union nations failed to take decisive action to restore confidence in Greece’s finances, former European Commission President and Italian Prime Minister Romano Prodi said.