Governance

The European Union wishes to increase the cost on purely speculative transactions. A proper system would be set up in order to allow non-financial companies to use derivative products for « legitimate» hedging reasons…

Mike Story, economist at Western Asset Management, analyses the outcome of the four potential scenarios to the Eurozone crisis: no Eurozone restructuring, orderly Eurozone restructuring, disorderly Eurozone restructuring or Eurozone implosion.

The Euro is, in principle, the common currency of the Europeans, however the crisis of sovereign has uncovered something completely unexpected and previously hidden. The Euro is, in fact, proving itself to be a foreign currency.

In a message to investors, Crédit Agricole has presented its new strategy in a context marked by the lack of confidence of markets in European banks. The group is adjusting to this new operating environment.

Social Impact Bonds or Pay-for-Success Bonds raise private capital to fund nonprofit prevention programs aimed at achieving improved social outcomes that generate government savings.