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Draghi Faces No-Win Situation As Europe’s Central Banker

NEWSMAKERS: EUROPE by Anita Hawser Draghi: Will face scrutiny Despite attempts to block his candidacy, Bank of Italy governor Mario Draghi will become the new president of the European Central Bank (ECB) when Jean-Claude Trichet retires in October. ...

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O’Leary Lights Up Paris Air Show With China Agreement

NEWSMAKERS: IRELAND by Gordon Platt Full throttle: Ryanair powers up its fleet with giant order Michael O’Leary, chief executive of Ryanair, Europe’s largest low-cost airline, stole the limelight at the Paris Air Show in June by signing an ...

Country Report

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. ...

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Europe Aims To Simplify Securities Clearing Systems

MILESTONES: EUROPE By Anita Hawser How many central securities depositories (CSDs) does Europe need? The European Commission and the European Central Bank believe it is far fewer than the 40 CSDs currently scattered across the continent. The ...

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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 ...

Award Winners

World’s Best Banks: Europe Country Winners

Europe Capital Performance The past year has been one of continuing struggle for much of the European banking sector. After a bruising 2009, which was characterized by banking failures and government bailouts, 2010 brought the European sovereign debt crisis. ...

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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 ...

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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 ...

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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 ...

Award Winners

BEST BANKS 2011 BY REGION

Global Finance Announces Best Banks by Region 2011 NEW YORK, April 8, 2011 Global Finance magazine has announced its annual...

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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 ...
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