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Why China’s Central Bank Took the Regulatory Lead on Bitcoin

Markets

BEIJING | By Liu Xiao via Caixin | The People’s Bank of China is the first regulator in the world to issue rules on the virtual currency, a move that prevents a Bitcoin breakthrough. Apparently, what really concerns the central bank is bitcoins replacing the yuan.

World economy

Global recovery: The clock is ticking for risk assets

LONDON | Barclays analysts | The global recovery remained modest in 2013, inflation was somewhat lower than expected, and monetary policy in the developed countries became even more supportive. While these fundamentals would normally suggest that bonds would outperform stocks, the opposite occurred, and in a very big way: bond prices plunged and equity prices soared.

Posted workers OK
In Europe

Posted workers: stricter rules will hurt Europe

WARSAW | By L. Guza at Dziennick Gazeta Prawna via Presseurop | EU labour ministers are meeting today to agree on amendments to the 1996 Posted Workers Directive, but the changes demanded by some member states to fight social dumping from countries including Poland will hamstring the free flow of workers and benefit middlemen.

Greece Debt 2013
In Europe

Debt relief or debt restructuring for Greece?

By Jens Bastian at The Agora | The two economic adjustment programmes for Greece from 2010 and 2012 as well as the sovereign debt restructuring from April 2012 and the debt buyback initiative in December of the same year have had a significant impact on the debt profile of Greece as a sovereign debtor. Greece’s creditor structure in 2013 compared to the point of departure in 2010 hardly bears any resemblance.

adjustment programmes for Greece from 2010 and 2012 as well as the sovereign debt restructuring from April 2012 and the debt buyback initiative in December of the same year have had a significant impact on the debt profile of Greece as a sovereign debtor. Greece’s creditor structure in 2013 compared to the point of departure in 2010 hardly bears any resemblance. – See more at: http://www.macropolis.gr/?i=portal.en.the-agora.672&itemId=672#sthash.BZtuYz92.dpuf
The two economic adjustment programmes for Greece from 2010 and 2012 as well as the sovereign debt restructuring from April 2012 and the debt buyback initiative in December of the same year have had a significant impact on the debt profile of Greece as a sovereign debtor. Greece’s creditor structure in 2013 compared to the point of departure in 2010 hardly bears any resemblance. – See more at: http://www.macropolis.gr/?i=portal.en.the-agora.672&itemId=672#sthash.BZtuYz92.dpuf
The two economic adjustment programmes for Greece from 2010 and 2012 as well as the sovereign debt restructuring from April 2012 and the debt buyback initiative in December of the same year have had a significant impact on the debt profile of Greece as a sovereign debtor. Greece’s creditor structure in 2013 compared to the point of departure in 2010 hardly bears any resemblance. – See more at: http://www.macropolis.gr/?i=portal.en.the-agora.672&itemId=672#sthash.BZtuYz92.dpuf

The two economic adjustment programmes for Greece from 2010 and 2012 as well as the sovereign debt restructuring from April 2012 and the debt buyback initiative in December of the same year have had a significant impact on the debt profile of Greece as a sovereign debtor. Greece’s creditor structure in 2013 compared to the point of departure in 2010 hardly bears any resemblance.

- See more at: http://www.macropolis.gr/?i=portal.en.the-agora.672&itemId=672#sthash.BZtuYz92.dpuf

The two economic adjustment programmes for Greece from 2010 and 2012 as well as the sovereign debt restructuring from April 2012 and the debt buyback initiative in December of the same year have had a significant impact on the debt profile of Greece as a sovereign debtor. Greece’s creditor structure in 2013 compared to the point of departure in 2010 hardly bears any resemblance.

- See more at: http://www.macropolis.gr/?i=portal.en.the-agora.672&itemId=672#sthash.BZtuYz92.dpuf

Lenin falls in Kiev
In Europe

Lenin falls in Ucraine

KIEV | By Gazeta Wyborcza via Presseurop | Anti-government demonstrators in Kiev on December 8 destroyed a statue of Lenin, which they said symbolised Russia’s dominance over Ukraine, reports Gazeta Wyborcza.

China Courting Financial Innovation
World economy

China: Courting Financial Innovation

BEIJING | By Wang Yong at Caixin | In China, the law on illegal fundraising keeps public deposits from fleeing their arranged marriage with state-owned banks, stifling fresh ideas in finance.

China's biggest jeweler sees gold in the masses
World economy

China’s biggest jeweler sees gold in the masses

HONG KONG | By Reuters | The world’s most valuable jewellery retailer Chow Tai Fook, which counts Cartier and Tiffany & Co as competitors, is on a quest to conquer the hearts of China’s future big spenders. Its weapons of choice: Hello Kitty and Winnie the Pooh.