Treasury Secretary Timothy Geithner is visiting with his European counterparts to say that the U.S. and Europe broadly agree on the need to reform the financial system but that global cooperation is needed. Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law and a former counsel to the Federal Reserve [...]
Because no one followed suit, Germany’s unlateral ban on “naked” short selling of European government bonds - speculative bets that prices will fall on borrowed assets which then can be sold back to the lender with the speculator pocketing the difference –rocked global markets. Mark Williams, who teaches finance at the BU School of Management and is [...]
As nationwide workers’ strikes continued and deadly riots erupted in Athens over austerity measures invoked to deal with Greece’s ongoing debt crisis, fears grew that the situation may adversely impact the global banking system. Mark Williams, author of “Uncontrolled Risk” about the fall of Lehman Brothers who teaches finance in the School of Management, says the [...]
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Tagged Athens, European Union, eurozone, Greece, Greece debt, Italy, Lehman Brothers, Mark Williams, Portugal, School of Management, Spain
April 28, 2010 at 12:48 pm
With Greece’s debt troubles threatening to spread to other indebted European countries and undermine the continent’s economic recover and monetary system, officials are seeking an aid package from EU nations and the International Monetary Fund to stave off disaster. International relations Professor Kevin Gallagher says the “tyranny” of the bond markets is that ratings agencies [...]
Greece has announced austerity measures to rein in the country’s debt that threatens the European Union’s euro currency — and in the process triggered public outrage and demonstrations. International Relations Professor William Keylor, an authority on U.S.-European relations, says the Greek government seems to playing a game of chicken with the EU. “By hinting that it might [...]
February 26, 2010 at 11:23 am
Greece is preparing a bond issue aimed at restructing its economy as the European Union is pushing the country to adopt new austerity measures to cut its crippling budget deficit. Economics Professor Laurence Kotlikoff, as he explains in his blog, says there’s a way in his view for Greece to to devalue without devaluing. “The government [...]
February 10, 2010 at 12:23 pm
European Union governments are grappling how to manage the debt crisis in Greece that threatens to undermine the shared euro currency. Economics Professor Laurence Kotlikoff, who a decade ago in Foreign Affairs magazine predicted the euro’s collapse, says Greece’s debt woes are a precursor to what may happen in the U.S. “Greece is where the United States [...]
December 16, 2009 at 3:18 pm
After Microsoft agreed to market its rival’s browsers alongside its own Internet Explorer, the European Commission settled its last antitrust issues with the software giant. Law Professor Keith Hylton says the deal makes sense to both Microsoft and the European regulators, but he sees a problem looming. “This settlement may encourage even more aggressive theories [...]
December 1, 2009 at 4:28 pm
A European Union initiative, to be considered next week, would carve off east Jerusalem as the capital if an independent Palestinian state. Israel rejects the concept. Journalism Professor Bob Zelnick, a former ABC News Middle East correspondent and author of “Israeli Unilateralism: Beyond Gaza,” says the Israel, the Palestinians, and the U.S. all have missed [...]
November 25, 2009 at 2:30 pm
Led by John Kerry and Orrin Hatch, 59 U.S. senators are urging European antitrust regulators to make a decision on the proposed Oracle merger with Sun Microsystems. Law Professor Keith Hylton, an antitrust law expert, says the intervention reflects a disproportionate political influence by Sun relative to its importance to the economy. “This sort of intervention by [...]
