Emanuele Corso

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Donald Trump’s foreign policy sounds familiar — but here’s what’s missing

What will President-elect Donald Trump’s foreign policy look like? During the campaign, he made numerous statements about immigration, terrorism and trade, but no one knows whether Trump’s more extreme pronouncements reflect his convictions.<p>There’s no previous voting record or policies to give a …

Political Science

Greece prepares for debt default if talks with creditors fail

Greece is preparing to take the dramatic step of declaring a debt default unless it can reach a deal with its international creditors by the end of …

EL-ERIAN: The economy isn't the only issue on the Fed's mind

Yes, it is a rather confusing time for analysts of the US economy, and understandably so on account of both domestic and international factors.<p>Internally, the data have been mixed with an evolving bias to a weaker economy. This was highlighted in Friday's employment report. In addition to a March …

Disaster Is Inevitable When The Two Decade-Old Stock Bubble Bursts

Six years after the Global Financial Crisis, the U.S. stock market continues to soar to new heights with nary a pullback or correction. In this piece, I will explain why the stock market is experiencing a new bubble that is actually another wave of the bubble that has existed since the mid-1990s.<p>A …

Stock Markets

Greece: We have the money to avoid default

After searching government accounts -- and maybe under the sofa cushions -- Greece appears to have found the money needed to make a crucial debt payment.<p>Finance Minister Yanis Varoufakis has told Christine Lagarde, the managing director of the International Monetary Fund, that Greece will meet the …

Europe

Greece moves to quell default fears, pledges to meet 'all obligations' | Reuters

WASHINGTON (Reuters) - Greek Finance Minister Yanis Varoufakis said on Sunday that Greece “intends to meet all obligations to all its creditors, ad infinitum,” seeking to quell default fears ahead of a big loan payment Athens owes the IMF later this week.<p>Greek Finance Minister Yanis Varoufakis is …

Europe

Czech president reportedly bars US ambassador from official visits in rift over Russia

The president of the Czech Republic reportedly has banned the U.S. ambassador to that country from paying him official visits amid a dispute over the Czech leader's plans to attend World War II commemoration ceremonies in Moscow next month.<p>Milos Zeman said Sunday that Ambassador Andrew Schapiro is …

Greece’s Tsipras Gets ‘Reality Check’ at EU Summit

Greek leader told Athens won’t get more money until much of its bailout program passes into law<p>BRUSSELS—Alexis Tsipras, the new Greek prime minister, came to Brussels on Thursday hoping to secure offers of desperately needed financial support from the currency bloc during a meeting with eurozone …

Europe

Germans’ unhealthy obsession with a Greek ‘Stinkefinger’

The big Greek crisis question consuming Germany this week was not about debt or financial restructuring — but the left middle finger of Yanis …

Greek bailout summit ends in disarray

Greece’s prime minister and fellow eurozone leaders emerged from a meeting early on Friday morning touting a breakthrough agreement to unlock …

Gold rises after ECB inflation forecasts, U.S. data eyed | Reuters

LONDON (Reuters) - Gold rose on Thursday after the European Central Bank (ECB) lifted its 2016 inflation forecast and as the market awaited key U.S. economic data.<p>Gold bars are stacked at a safe deposit room of the ProAurum gold house in Munich March 6, 2014. REUTERS/Michael Dalder/Files<p>The ECB …

Economics

Tsipras strikes deal to help Greece reform as war of words grows with Germany

Greek Prime Minister Alexis Tsipras has agreed a cooperation deal with the OECD group of industrialised nations in Paris.<p>The Organisation for Economic Cooperation and Development will help Athens with reforms needed to unblock further aid as it runs out of money.<p>But is the radical left leader …

Can Putin's Absence Indicate A Palace Coup In Moscow?

Recently media has been flooded with chatter surrounding Russian president Vladimir Putin’s absence from the public eye over the past week, with rumors suggesting that there might have been a palace coup in the Kremlin, and even far-fetched hypothesis that Putin is dead, or at least has health …

Russia

Germany rejects Greek calls for Second World War reparations

The already strained relations between Athens and Berlin worsened today, as German officials blocked a Greek effort to secure reparations for the …

Greece agrees to talks with creditors after EU pushback

Greece has agreed to start urgent technical talks on extending its crucial bailout after its eurozone partners accused the debt-stricken country of wasting time in previous negotiations.<p>The announcement came after a meeting of eurozone finance ministers in Brussels on Monday at which the Greek …

Europe

Eurozone Calls for Faster Action From Greece

Athens and its creditors still far apart as eurozone finance ministers meet<p>BRUSSELS—Talks between Greece and the institutions overseeing its bailout will start delving for the first time into technical detail here this week, eurozone finance ministers decided Monday, a sign that most of the work …

Economics

Central banks dive into ECB QE

Eurozone central bankers resorted to buying sovereign debt at negative yields on Monday in a sign of their determination to press ahead with the …

Greece proposes tourists as tax inspectors

Greece has proposed recruiting students, housekeepers, and even tourists to serve as undercover tax inspectors, one of a batch of economic reforms …

After Greece, these elections will shake up Europe

Europe's voters head to the polls this year against a backdrop of rising populism, worries about Russia's renewed aggression and dissatisfaction with …

Europe

This awful chart shows just how frightening the Greek crisis is

Economic crises always exact heavy tolls on the societies that they hit through unemployment, loss of earnings and dashed expectations of better living standards. However, economic theory suggests that in the end countries bounce back and can return to their pre-crisis trend growth.<p>Unless, that is, …

Greece must repay loans in full, bailout fund head says | Reuters

BERLIN (Reuters) - Greece needs to pay back all the money it received from its euro zone partners rather than asking for debt relief, the head of the euro zone’s rescue fund was quoted as saying on Friday.<p>Greek national flags are displayed for sale at the entrance of a one Euro shop in Athens, …

Europe

Europe holds 'noose around Greek necks' as Athens scrambles to make debt payments

Alexis Tsipras says the European Central Bank is strangling the Greek economy as panic grips the cash-strapped government<p>Greece's prime minister has accused the European Central Bank of holding a noose around the country's neck as his government rushes to assure creditors it can avert bankruptcy …

Europe

Athens faces uphill struggle despite eurozone deal

The Greek government received a boost last month when it reached agreement with its eurozone creditors on a four-month extension of the country’s …

Germans say 'Nein!' to Greek bail-out deal

“No more billions for greedy Greeks,” Germany’s biggest-selling mass-market newspaper has said<p>Germany’s biggest-selling mass-market newspaper has said “Nein!” to the new bail-out deal agreed by the Eurozone for Greece.<p>Bild has launched a new campaign against the deal, <b>printing a massive “NEIN!”</b> …

Troika raises fresh concerns over Greece's last-ditch debt deal

Creditors warn they will require more from Athens if it is to be granted a €7.2bn bail-out extension before the end of the month<p>The International Monetary Fund and European Central Bank have warned that Greek government reforms are not enough to unlock the vital funding needed to keep the country …

Greece bail-out deal approved by creditors - live

Athens has list of reforms accepted by creditors in bid for four month cash reprieve<p><b>• Athens submits "comprehensive" list of proposals to Brussels this morning</b> <b><br>• ECB and IMF give cautious verdict on reform list</b> <b><br>• Greek markets close 10pc up on the day</b> <b><br>• Extension will require ratification by 18</b> …

Europe

Greece readies list of reforms to dodge bankruptcy

Athens will now submit a list of economic reforms to its creditors on Tuesday in return for a bail-out extension<p>The Greek government will submit plans to root out tax evasion and tackle corruption in the country, in a bid to be granted a vital extension of its bail-out programme tomorrow.<p>Athens was …