Monday, October 24th, 2011 | 4 comments
(Saint Peter’s Basilica at the Vatican October 23, 2011/Giampiero Sposito)
The Vatican called on Monday for the establishment of a “global public authority” and a “central world bank” to rule over financial institutions that have become outdated and often ineffective in dealing fairly with crises. The document from the Vatican’s Justice and Peace department should please the “Occupy Wall Street” demonstrators and similar movements around the world who have protested against the economic downturn.
Continue reading »
Saturday, October 8th, 2011 | Post a comment
Time to get serious: France’s President Sarkozy, US President Obama, German Chancellor Merkel and Britain’s Prime Minister David Cameron Photo: REUTERS
Next month’s G20 summit must go beyond the usual rhetoric. Confidence in the eurozone’s banking system has to be restored through recapitalisation of its banks.
Continue reading »
A number of countries, including China and Russia, have suggested replacing the dollar as the world’s reserve currency
The dollar should be replaced with a global currency, the United Nations has said, proposing the biggest overhaul of the world’s monetary system since the Second World War.
Continue reading »
Thursday, February 10th, 2011 | Post a comment
Thetrading floor of the Frankfurt stock exchange, in a file photo.
Credit: Reuters/Kai Pfaffenbach
Deutsche Boerse and NYSE Euronext’s plan to create the world’s largest stock and futures exchange has sent competitors around the world scurrying to find partners, accelerating an industry shake-up.
Continue reading »
