Emerging Markets Struggle
The threat of less central bank stimulus and higher interest rates has crushed emerging markets more than most assets in the past two months, in some cases slashing the value of stocks and bonds in developing countries to levels not seen since the last financial crisis.
France to seek 14 billion euros in cuts next year: paper
France will pursue 14 billion euros (.2 billion) in spending cuts next year as it attempts to reduce the public deficit to 3 percent of economic output by 2015, Le Monde reported.
German finance minister slams Irish bankers as ‘aloof super humans’
German Finance Minister Wolfgang Schaeuble slammed Irish bankers caught on tape joking about a bailout, calling them “aloof super humans” worthy of contempt.
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