Straight on the heels of a Greek 10-year bond issue with a record low one percent yield (compared to 45 percent one decade ago), Bloomberg is singing the praises of the prospects of the Greek economy and government and touts the once unthinkable possibility of Greek bonds returning to investment grade (even though they are still at the junk level).
European Central Bank's new head Christine Lagarde posted a solemn photo of her new team at the European Central Bank (ECB), but she probably did not expect what kind of reaction she would provoke, the newspaper Figaro writes in an online publication.
The photo shows Lagarde in front of a large round table surrounded by her new team, made up entirely of men.
Christine Lagarde was endorsed by EU leaders as the next President of the European Central Bank (ECB).
The European Council endorsed Christine Lagarde as President of the ECB. She will replace the now former ECB President Mario Draghi from 1 November.
Earlier, her candidacy was endorsed by The European Parliament and the Council of the EU.