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The unfavourable developments regarding the Greek spreads and the deteriorating macroeconomic environment are probably influencing the potential and cost of lending for Greek financial institutions.

The development of the Greek-German government bond spreads

By: Dr. Nikolaos Georgikopoulos & Dr. Tilemahos Efthimiadis | Thursday, February 4, 2010

During this tough period for Greek economy, it is reasonable and necessary to examine all plausible scenarios concerning its future, especially those regarding the fiscal situation.

The Commission shares the ambitious budget-deficit reduction targets that the Greek government has set itself as well as the fiscal measures and structural reforms announced in the stability programme.

Commission assesses Stability Programme of Greece

By: EBR | Wednesday, February 3, 2010

The programme contains a package of concrete fiscal consolidation measures for 2010, with an estimated quantification for each of the measures, as well as a timeframe for their adoption and implementation.

China can afford the extra spending as its public finances remain strong. Gross government debt amounted to only 21% of GDP in 2008. The stimulus measures, which nevertheless dwarfed those of other countries, are expected to increase this debt ratio by only 3% of GDP in 2010.

Strong Chinese growth resumes but increased social spending needed, says OECD report

By: EBR | Wednesday, February 3, 2010

With the help of massive government stimulus action, China is now leading the world economy out of recession, according to a new report. Already the world’s 2nd largest economy, China could well overtake the US to become the leading producer of manufactured goods in the next five to seven years.

New EU laws to target Facebook

By: EBR | Friday, January 29, 2010

Some weeks ago, Mark Zuckerberg, the founder of social networking site Facebook, told the world to “just get over it - no one cares about privacy anymore”, provoking a storm of protest across cyberspace.

Apple is positioning the device, some versions of which will be available in March, as a pioneer in a new genre of computing, somewhere between a laptop and a smartphone. “The bar is pretty high,” Mr. Jobs acknowledged. “It has to be far better at doing some key things.”

Apple's iPad Blurs Line Between Devices

By: The New York Times | Thursday, January 28, 2010

After months of feverish speculation, Steven P. Jobs introduced Wednesday what Apple hopes will be the coolest device on the planet: a slender tablet computer called the iPad. Apple is positioning the device, as a pioneer in a new genre of computining, somewhere between a laptop and a smartphone.

In his address, Sarkozy also called for an examination of the nature of globalization and capitalism. “This is not a crisis in globalization; this is a crisis of globalization,” he said. “Finance, free trade and competition are only means and not ends in themselves.”

Sarkozy calls for a 'new Bretton Woods'

By: EBR | Thursday, January 28, 2010

In his opening address at the World Economic Forum Annual Meeting, President Nicolas Sarkozy of France said that it will not be possible to emerge from the global economic crisis and protect against future crises if the economic imbalances that are at the root of the problem are not addressed.

Unless it is one rule for the big and powerful and another for the small, the EU must stand behind Athens' new leadership

Joseph Stiglitz: A principled Europe would not leave Greece to bleed

By: The Guardian | Tuesday, January 26, 2010

For the sake of European solidarity and democracy, Europe should support Papandreou's efforts in every way they can, not turn their back on the people of Greece who must be convinced that supporting the government's austerity measures is in everyone's best interest.

The travel industry was substantially effected but the MICE sector was even able to post some increases due to the new highly competitive nature of business.

Russian MICE market confident of growth in 2010

By: EBR | Monday, January 25, 2010

The annual pre-Christmas survey of the Russian MICE sector reveals interesting growth, despite a difficult year. The 2009 brief survey was carried out through a representative cross-section of the Russian MICE sector, including MICE professionals and Corporate Buyers.

A large part of our medical future, however, lies in our hands and depends on our treatment of tobacco, alcohol, food and physical exercise. The problem is that this attitude doesn’t apply to a diagnosed illness but only to certain levels of risk.

Well-being and health : prevention is better than cure

By: Marc-André Raetzo | Monday, January 25, 2010

Chek-ups are being done on healthy people on a regular basis to make sure that no illness has incurred since any previous one. The notion of risk arises. The individual is not sick but may be so in the future.

Kraft’s agreed £11.9 billion ($19.7 billion) bid for Cadbury, thrashed out in the early hours of January 19th may therefore mark the start of a trend

Big firms are readying to splash out on takeovers and expansion

By: The Economist | Friday, January 22, 2010

What a difference a year makes. At the start of 2009 many companies were obsessed with scraping together enough cash to survive, and even the blue-chips were cutting costs where they could, having had a nasty shock when the capital markets seized up the previous autumn.

The problems faced by the Greek economy are extremely serious. However, the key question is whether it will be easier to solve them from inside or outside the eurozone

Greece will fix itself from inside the eurozone

By: The Financial Times | Friday, January 22, 2010

In recent months, some commentators have argued that Europe’s single currency project is destined to become unstuck. According to this line of reasoning, the fiscal crisis in Greece is unfailingly pushing towards an exit from its immutable fixed exchange rate arrangement within the eurozone.

About half of EU citizens spent their main vacation in their own country and they decreased their budget for their holidays in 2009 compared to a year ago. They did this mainly, by reducing their lengths of stay and also by relying more on last-minute offers.

The crisis as chance

By: EBR | Friday, January 22, 2010

If we are asking ourselves, whether tourism in times of an economic downturn is threatened or whether it presents us with an opportunity, I can personally say that it is an opportunity for all of our future actions.

The dollar is the worst international currency, except for all the others

The dollar is the worst international currency, except for all the others

By: McKinsey Quarterly | Friday, January 22, 2010

The international currency of choice, the dollar, is under the control of a single country, a worrisome arrangement. Even worse, this country has been running huge external deficits for more than a decade and is now the world’s single largest debtor.

America's enlightened treatment of bankrupt firms remains a model to the world

Schumpeter: Making a success of failure

By: The Economist | Thursday, January 14, 2010

The American model has seldom looked so tarnished. America’s unemployment rate is 10%. Soup kitchens are doing a flourishing business in New York and other great cities. Companies that were once a byword for swashbuckling entrepreneurialism have bitten the dust.

Google's about turn in China

By: BBC News | Wednesday, January 13, 2010

Google has responded to what it terms 'a highly sophisticated and targeted attack on our corporate infrastructure' aimed at getting access to the Gmail accounts of Chinese human rights activists by announcing its desire to stop censoring search results on its Google.cn website.

In the midst of winter alpine tourism, Rodi Kratsa asks the European Commission on actions for dealing with the impact of climate change on alpine areas

In the midst of winter alpine tourism, Rodi Kratsa asks the European Commission on actions for dealing with the impact of climate change on alpine areas

By: EBR | Friday, January 8, 2010

Only a few days after the failure of the widely discussed UN Climate Change Conference in Copenhagen, the Vice President of the European Parliament, posed a question to the European Commission raising the issue of the impact of climate change on winter tourism.

Making the most of Corporate Social Responsibility

Making the most of Corporate Social Responsibility

By: McKinsey Quarterly | Wednesday, December 30, 2009

For companies that see CSR as an opportunity to strengthen the business, the big challenge is execution. Smart partnering can provide a practical way forward. Too often, executives have viewed corporate social responsibility (CSR) as just another source of pressure or passing fad.

The 5 Most Influential Bankers Of All Time

The 5 Most Influential Bankers Of All Time

By: EBR | Tuesday, December 29, 2009

Banking is at the base of our financial system. Financial meltdowns, like the Crash of 1929 and the 2008 subprime mortgage and credit crisis, make this abundantly clear. When banks fail to function properly, the economy follows, and like many elements of finance, banking has evolved over the years.

Greek Prime Minister George Papandreou

Greece: Swift Action on Economic Reforms

By: EBR | Tuesday, December 15, 2009

Prime Minister George Papandreou pledged that his government will take swift action to promoting bold reforms in the country with the aim to restoring confidence in the economy and calm markets' fears over the country's ballooning debt and fiscal deficit.

The Greek finance minister, George Papaconstantinou, has defended the country's position in the eurozone

Greece is not the next Iceland!

By: EBR | Monday, December 14, 2009

The Greek finance minister, George Papaconstantinou, has defended the country's position in the eurozone. Greece's deficit has risen to more than 12% of national output this year, which is above the EU limit of 3%.

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EU Actually

A mission impossible for Sébastien Lecornu, Macron’s 5th Prime Minister?

N. Peter KramerBy: N. Peter Kramer

President Emmanuel Macron has again named a close ally, Sébastien Lecornu, as the new French prime minister, 24 hours after a vote of confidence ousted François Bayrou.

Europe

France in fresh political crisis after MPs oust prime minister

France in fresh political crisis after MPs oust prime minister

France has been plunged into a new political crisis with the defeat of Prime Minister François Bayrou at a confidence vote in the National Assembly

Business

The Next Chapter: Governance and Growth for Global South families

The Next Chapter: Governance and Growth for Global South families

In much of the Global South, family-owned businesses are not a side story

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