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Photograph by Sean Gallup/Getty Images

Photograph by Sean Gallup/Getty Images

Banker-Bonus Rules Stoke Tempers in Berlin

Draft rules to scale back banker bonuses were enough to prompt a public spat yesterday between Deutsche Bank co-Chief Executive Officer Juergen Fitschen and German Finance Minister Wolfgang Schaeuble as the two men sat side-by-side on a panel discussing finance...

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Photograph by Alessia Pierdomenico/Bloomberg

Photograph by Alessia Pierdomenico/Bloomberg

Monte Paschi Provides Fodder for Berlusconi Attacks on Rivals

Revelations that Banca Monte Paschi hid details of structured finance deals that may produce hundreds of millions of euros in losses is embroiling everyone from Italian Prime Minister Mario Monti to European Central Bank President Mario Draghi, while providing fodder...

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Photograph by Hannelore Foerster/Bloomberg

Photograph by Hannelore Foerster/Bloomberg

The Bundesbank’s Bond-Purchasing Amnesia

“There haven’t been any changes in our positions on bond purchases,” the Bundesbank growled last week. In other words: the purists in Frankfurt oppose a European Central Bank intervention on behalf of Spain or Italy. The notoriously long-termist German central...

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Photograph by Angelos Tzortzinis/AFP/Getty Images

Photograph by Angelos Tzortzinis/AFP/Getty Images

The Men in Black Are Back in Athens to Check the Books

The men in black are back in Athens. Greece is hosting members of the so-called Troika, representatives from the euro zone, the European Central Bank and the International Monetary Fund, who are there to assess how far the country may...

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Photograph by Giorgio Cosulich/Getty Images

Photograph by Giorgio Cosulich/Getty Images

Sicily Skirts Liquidity Crunch — Sits on Loss-Making Derivatives

Sicily, the poorest region of Italy, is facing a liquidity crunch. Raffaele Lombardo, the governor of the island whose own blog describes him as the best loved governor in Italy, says the problem will be solved by an already-planned transfer...

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Olympiacos Football Club is owned by Vangelis Marinakis

Photograph by Richard Heathcote/Getty Images

Olympiacos Football Club is owned by Vangelis Marinakis

Greek Diaspora Tapped for Donations to Cancel Greek Debt

Greeks living abroad are being asked to contribute to a charity domiciled in Delaware that plans to buy up and forgive Greek government debt. Greek shipping heir Peter Nomikos aims to tap the Greek diaspora to help reduce the Greek...

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