Building blocks for Euro bank at izbrano

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Building blocks for Euro bank

BBC - The European Central Bank (ECB) in Frankfurt has been celebrating its 10th birthday this year. But as Chris Bowlby discovered, the bank’s troubled plans for a new headquarters could be a portent of tricky times ahead.

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Taxpayer now owns nearly 60% of Royal Bank of Scotland

Guardian - Royal Bank of Scotland, Britain’s second biggest bank until the credit crunch struck last year, confirmed today that is now majority-owned by the taxpayer after a £20bn bail-out by the government. The Edinburgh-based bank announced this morning that its existing investors had shunned its £15bn cash call, leaving almost all the [...]

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Germany’s Failed Spy Mission in Kosovo

Spiegel - The ineptitude of three agents in Germany’s foreign intelligence agency has endangered one of the organization’s most important operations: building up its secret network of informants in Kosovo. It has also strained diplomatic relations between the two countries.

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The perils of incrementalism

Economist - THE prognosis is looking ever more grave. What began 15 months ago with a seizure of the credit markets has become a disease with an alarming list of real economic symptoms. America, Britain, the euro zone and Japan are already in a recession that threatens to be the worst, in some [...]

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