Nearly a fifth of all U.S. companies that exit bankruptcy as a going concern seek creditor protection again within about five years, according to Edward Altman, a professor emeritus at the Stern School of Business at New York University. Source Reuters
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Speaking in an interview in the February issue of “Gold Investor” — a magazine issued by the World Gold Council, Greenspan argued that imbalances in the economic strength of eurozone nations make the continued function of the single currency area a major concern. Source: Business Insider
A special budget only for the countries of the euro area, the EU Council as “a true legislative chamber” – MEPs propose. The report by Italian Socialist Mercedes Bresso and the German Christian Democrat Elmar Brok proposes reforms that would not require changes in the EU Treaty of Lisbon. Source: PAP/Onet
“I’m in favour of a treasury for the euro zone. I’m in favour of a budget or a fiscal capacity of the euro zone of a limited amount capable of helping us to invest on the one hand and also fight unemployment,” Source: Reuters