Nice work, Wim - now for the long haul

Article Abstract:

The European Central Bank (ECB) has seen a lessening of pressure on the European euro, which looked set to fall to parity with the US dollar. The 11 countries involved in European monetary union appear to have good economic prospects, and new optimism relating to Germany in particular has strengthened the euro. German recovery is seen as important for a long-term recovery in Europe, and prospects in other European countries appear good. There are also signs of European structural reform, and there is a view that markets overshot in terms of the drop in value of the euro.

European Union, International economic relations, Economic aspects, International aspects, Economic policy, Western Europe, Monetary unions

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Dramatic exit that was a bolt out of the blue

Article Abstract:

The official explanation for the unexpected resignation of Barclays Bank Chief Executive Martin Taylor is that he feels that he has completed his task at the bank and that a new management team now needs to take over. It has been emphasized that there has been no conflict among members of the bank's board and that Taylor's decision to leave was entirely his own. However, most observers feel that this is not the case. Many people feel that Taylor had a significant difference of opinion with the rest of the board about strategy.

Comment:

Barclays Bank Chief Executive Martin Taylor resigns

United States, Barclays Bank PLC (Abu Dhabi)

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The careless banker

Article Abstract:

European Central Bank Pres Wim Duisenberg is profiled. He studied at the University of Groningen and joined the European Monetary Fund in 1965. He seemed set to make a career in banking and academia, but made an unexpected shift into politics, becoming Dutch Finance Minister between 1973 and 1977.

Europe, Biography, Bankers, Duisenberg, Wim

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