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[NYtimes] Britain Expects Initial Losses as It Prepares to Sell Its R.B.S. Stake
'LONDON — The British government is ready to exit the banking business, even if it means that it will record a loss on some of its holdings
George Osborne, the chancellor of the Exchequer, said in a speech here on Wednesday night that the government would begin to sell down the 80 percent stake that it holds in the Royal Bank of Scotland.'
Britain Expects Initial Losses as It Prepares to Sell Its R.B.S. Stake
By Chad BRAY
[ECB News] Interview with Benoît Cœuré, Member of the Executive Board of the ECB
Interview conducted by Marie Dancer, La Croix, 10 June 2015
MD: Are we seeing a real recovery in the euro area?
BC: Yes, we are now seeing a recovery. Growth is returning in the euro area, including the countries that suffered the most during the crisis (with the exception of Greece). However, this recovery needs to be consolidated, as it is only just beginning and remains fragile. First of all, it is being driven by a number of temporary factors: cheap energy prices, combined with the low levels of both interest rates and the euro’s exchange rate, which are a result of our monetary policy. We will not be able to rely on these factors forever. [...]
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