Country Report: Portugal

Light At The End Of The Tunnel   By Vanessa Drucker   Portugal’s new political leaders have a plan to dig their country out of its deep fiscal hole.   Portugal is about to receive a dose of strong medicine. ...

Strauss-Kahn Arrest Adds Drama To IMF Succession

NEWSMAKERS: GLOBAL   By Luca Ventura   While the shocking arrest in May of IMF managing director Dominique Strauss-Kahn in connection with an alleged sexual assault dominated the news all over the world, it only complicated a plot that was ...

FSA Plans To Go Out With A Bang

MILESTONES: UNITED KINGDOM   By Anita Hawser   Before the 2008 financial crisis ripped through the world’s markets, the UK’s Financial Services Authority was renowned for its light-touch approach to regulation.   Davies, RPC: Big jump in FSA fines In ...

Portugal’s Leaders Left With Few Option

MILESTONES : PORTUGAL   By Anita Hawser   Sovereign debt in the eurozone is back in the headlines again, with Portugal going cap in hand to the European Union and asking for an emergency bailout.   Debt burden leaves little ...

Tremonti Swats Away Accusations Of Protectionism

NEWSMAKERS : ITALY   By Luca Ventura   When the dairy giant Parmalat, a household name in more than 30 countries, collapsed in 2003 with a $20 billion hole in its accounts, Italian finance minister Giulio Tremonti fittingly dubbed the ...

Ireland: New Government Hopes For Export-Led Recovery

NEWSMAKERS: IRELAND   By Dan Keeler   When Ireland’s voters unceremoniously booted out the Fianna Fail-led government in early March election, they were hoping that new leadership would give the country a fresh start.   IDA’s O’Leary: Confident Humbled by ...

Britain’s Big Gamble

FOCUS: UK RECOVERY STRATEGY   By Justin Keay   The UK government’s savage spending cuts and deep austerity measures have been touted as a model recovery strategy for stumbling Western economies. Faltering growth is raising questions over the strategy’s validity. ...

UK: Businesses Brace For Bribery Crackdown

NEWSMAKERS: UK   By Anita Awser   High risk: UK bribery law will affect companies worldwide In a sign that regulators are clamping down on bribery and corruption in international business, from April 2011 the UK will implement what legal ...

SEPA Update: Slow Progress

UPDATE: SEPA   By Anita Hawser   Proponents of the Single Euro Payments Area are considering stringent measures to encourage companies to hop on board.   As eurozone countries busy themselves implementing liquidity measures designed to calm market fears about ...

Best Derivatives Providers: Europe

WINNERS: EUROPE   Best Commodity Derivatives Provider Morgan Stanley Despite attempts by competitors to nibble at its market share when commodities prices were soaring in 2009, Morgan Stanley has maintained its dominant position in commodities derivatives in Europe thanks to ...