The Economist –Showing them the exit: Greece’s back is to the wall; its time has run out; it is stuck between a rock and a hard place with other rocks waiting to fall on its collective head; etc. Europe’s response to Greece’s overwhelming «no» vote on July 5th came through late last night. There will....
The New York Times –Greek Plan Accepts Austerity to Get Debt Relief: Only a day after grim predictions of financial and social collapse in Greece, a scramble appeared underway to work out the details of a new bailout package to bring the country back from the brink of falling out of the euro. As details....
Global News August 11, 2015 Bloomberg Business -China’s shock currency move: In a surprise policy shift, China devalued the yuan by the most in two decades in a bid to support exporters and allow market forces to play a greater role. The People’s Bank of China — making what it called a one-time adjustment —....