London (CNN) – It's taken months, but Europe's leaders are starting to put pen to paper and be willing to spell out, in some detail, how to fix the eurozone - if it's fixable.
I think it is fixable. It will include a massive restructuring of Greek debt, call it default or not.
European Commission president Jose Manuel Barroso - or what he should be called; the euro cheerleader - did not say as much in his speech to the European Parliament Wednesday.
London (CNN) – You know things are bad when an email like this lands in your inbox:
Subject: is it time for a quick catch up?
Before the world expires…
The message takes on a new meaning when you realise it’s from the former head of one of the UK’s larger financial services companies.
As the eurozone crisis rages seemingly without end and big banks are being bailed out again, many are bracing themselves for a return of the pronounced recession that characterized the end of the last decade.
But is there evidence to support such a claim?
Economists at Deutsche Bank have done much of the number crunching for us. In a comprehensive presentation sent to clients this week, the lender’s research team put forward some sobering predictions.
Hong Kong (CNN) – Gucci stores in Shenzhen, China are facing allegations from former employees of operating as high-end “sweatshops,” according to reports earlier this week in China’s English-language newspapers, China Daily and Global Times.
In late September, five former employees released online an open letter to senior executives of the Italian designer brand, including claims of a draconian list of employment regulations such as time limitations on bathroom use and unpaid overtime extending past midnight.
A Gucci spokesperson told Chinese media, “Gucci does not and will not endorse or tolerate the alleged malpractices.”
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