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Banking whistleblower’s next crusade: A clean cryptocurrency

MADRID, Feb 8 — One of banking’s most wanted whistleblowers, Frenchman Herve Falciani, has picked unlikely new weapons to fight money-laundering and fraud – cryptocurrency and the blockchain technology behind it. Living in self-imposed exile…


Greece raises €2.5b in first bond sale since bailout

ATHENS, Jan 29 — Greece today raised €2.5 billion (US$2.9 billion) from a five-year-bond, its first since exiting the last bailout, the finance minister said. “This is 36 per cent of our requirements for 2019,” finance minister Euclid…


Greece to raise minimum wage by 11pc, PM Tsipras says

ATHENS, Jan 28 — Greek Prime Minister Alexis Tsipras announced today plans to increase the standard minimum monthly wage by about 11 per cent, the first such hike since the country's debt crisis erupted almost a decade ago. Greece emerged in…


IMF urges Greece to continue reforms, shore up banks

WASHINGTON, Jan 25 — In order to sustain hard-won gains, Greece should continue its economic reform programme and work quickly to shore up its banks, the International Monetary Fund said today. In the wake of the severe downturn, the Greek economy…


Euro zone bond investors exercise caution ahead of Brexit vote

LONDON, Jan 14 —  Euro zone bond yields slid today after weak Chinese data and the threat of a new election in Greece increased risk aversion, while investors awaited further clarity from today's Brexit vote in Britain's parliament. Asian and…


20 years on, former Eurogroup head says euro a source of stability

BRUSSELS, Dec 28 ― Two decades after Europe's core economies adopted a single currency, former Eurogroup head Jeroen Dijsselbloem, argues that the euro is a source of stability against the rise of populism. The former Dutch finance minister was…


Eurozone ministers face defiant Italy on budget

BRUSSELS, Nov 5 — Exasperated eurozone finance ministers are expected to back Brussels in the row over Italy’s budget today, setting the stage for market turmoil not seen since the debt crisis. Eurozone finance ministers are meeting for the…


EU rejects Italian draft budget, setting up standoff with defiant Italy

STRASBOURG, Oct 24 — The European Commission rejected Italy's draft 2019 budget yesterday, saying it brazenly broke EU rules on public spending, and asked Rome to submit a new one within three weeks or face disciplinary action. Italian bond yields…


Japan to pledge 2019 tax hike to address debt mountain, reports say

TOKYO, Oct 14 — Japan will announce tomorrow a sales tax hike in 2019 after repeated delays, reports said today, in an effort to address the nation's huge public debt. The world's third-largest economy has one of the highest debt-to-GDP ratios…


Italy must ‘calm down’ and stop questioning the euro, says Draghi

NUSA DUA, Oct 14 — Italian officials must stop questioning the euro and need to “calm down” in their budget debate as they have already caused damage to firms and households, European Central Bank President Mario Draghi said yesterday. A…