For decades, Greek governments of any colour have distributed thousands of public sector jobs in the run-up to an election. This time officials are handing out a mountain of cash.
Russia faces a fifty-fifty chance of recession, the highest since Bloomberg started to track the measure, as the crisis in Ukraine raises the risk of further sanctions, according to a survey of economists.
Introductory remarks by Mr Yves Mersch, Member of the Executive Board of the European Central Bank, at the press conference on the opening of cooperation programme in Western Balkans, Tirana, 17 April 2014.
The Basel Committee on Banking Supervision announced today that it has appointed William Coen as its next Secretary General, for an initial term of three years.