David Cameron’s unexpected majority in the May elections thrust the UK into the spotlight, and his promise to hold a referendum on the UK’s membership in the EU by the end of 2017 prompted uneasy speculation about consequences for business.…
Scenarios for Greece’s Impending Default
Greece is out of money. As the country’s time to reach negotiations with creditors expires, executives should consider four potential scenarios for Greece and enact contingency plans for their eurozone businesses accordingly. Act now to protect your business from Greek default…
Is the euro really depreciating?
Eurozone news has been dominated by two stories in 2015: Greece’s debt crisis, and the euro’s “tumble” on foreign exchange markets. Greece is undoubtedly facing a debt crisis, but is the euro truly depreciating? The currency has certainly weakened against the…
Trouble in Greece Never Left
The Greek government has made several economic and political gambles in 2014 that are now putting the country back on MNCs’ map of concerns. Financial markets have already reacted to news of an impending presidential election, with the Athens Stock…
25 European banks fail stress tests
Banking stress tests in Europe have a rocky history. While the tests conducted by the United States Federal Reserve in 2009 restored confidence in the financial sector, European tests have been undermined almost immediately by bank failures. Stress tests in…
What to expect from European bank stress tests
On Sunday, October 26, the European Central Bank (ECB) will release the long-awaited results of its bank stress tests. Mirroring the action taken by the United States Federal Reserve in 2009, these examinations are meant to determine once and for…
Scotland’s ‘No’ Vote Changes the UK’s Status Quo
On the night of September 18, Scotland voted to remain a part of the United Kingdom. The “no” camp had maintained a safe distance ahead for most of the 18-month campaign period, but the past few weeks have seen a strong…