News links for 30 Apr 2013
As Earnings Season Rolls On, European Banks Show Signs of Health - NYTimes.com
"Despite persistent unemployment, malaise and continuing debt problems, one sector in Europe seems to be benefiting: European banks.After years of painful job cuts and moves to make portfolios less risky, several large European institutions reported strong first-quarter results in recent days, helped by cost-cutting and better performance of major units."
Greece suffers more misery as retails sales slump by nearly a third | World news | guardian.co.uk
"Barely a day after securing more international aid in exchange for yet more draconian reforms, Greece got a bitter taste of the price of austerity on Tuesday, when statistics showed that retail sales had shrunk by more than 30% over ...
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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.