Italy's Monte Paschi faces shareholder fury as scandal widens | Reuters
"Enraged shareholders of Monte Paschi bank lashed out at its management on Friday as questions grew about central bank oversight of the historic lender following the uncovering of nearly $1 billion of losses in complex derivatives deals."
Osborne's economic strategy has failed | Larry Elliott | Business | guardian.co.uk
"The strategy has failed. The public knows it. The International Monetary Fund knows it. The credit rating agencies know it. Even George Osborne knows it, although he can't bring himself to admit as much."
UK heading for triple-dip recession as GDP shrinks 0.3% in fourth quarter | Business | guardian.co.uk
The triple dip recession talk in the UK underpins how nonsensical the 2-quarter GDP shorthand is i...
As this site is now reader-supported via Patreon, the remainder of this article is only available to subscribers at a specific patronage level. Articles at patronage levels BRONZE, SILVER, and GOLD are denoted by the categories in blue capital letters above the post. Posts categorized DAILY are available to both SILVER and GOLD patrons.
Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.