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Mario Draghi Takes Renzi's Side On Italian Bank Bail-in Dispute

European Central Bank President Mario Draghi weighed in–ever so tentatively–on behalf of his compatriot Matteo Renzi Thursday in a simmering row over how to fix Italy’s broken banks. 768 more words


Market News Briefing – 14:00 (GMT+1)

The president of the European Central Bank (ECB), Mario Draghi, signaled today that the bank will consider adding other incentives later in the year when the economic influence of the British decision to withdraw from the European Union will become clear.

European Central Bank

Get ready for information overload: What you need to know before markets open

North American markets look headed for a flat open today, ahead of a flood of earnings reports and economic data, including the European Central Bank’s first meeting since the Brexit vote. 326 more words


Stefan Theil: A union of states, constitutions, administrations and judiciaries: some initial thoughts on the OMT ruling of the German Constitutional Court

In the midst of the all-consuming Brexit Referendum Debate, and the unfortunate vote by the United Kingdom to Leave the EU, one might be forgiven for having overlooked this particular piece of European integration litigation. 1,627 more words

European Union

Welcome to the upside-down global economy where savers are penalized and borrowers get paid

Japanese families seem to have a sudden affinity for home safes. According to the Tokyo-based manufacturer Eiko, shipments have doubled since last fall. And in Germany, insurer Munich Re has stashed some 10 million euros (US$11.4 million) worth of its own cash into vaults. 1,483 more words


Former World Leaders and Central Bank Chiefs Are Flocking to Join Investment Banks

It’s good to have friends from high places, and banks are luring former world leaders and past central bank chiefs as advisers to give them an edge in a difficult landscape. 978 more words


The Collapse of Western Democracy

by Paul Craig Roberts

Democracy no longer exists in the West. In the US powerful private interest groups, such as the military-security complex, Wall Street, the Israel Lobby, agribusiness and the extractive industries of energy, timber and mining, have long exercised more control over government than the people. 765 more words