When the European Parliament turned Yves Mersch down for a top central banking post, it wasn’t because he lacked the expertise or experience; they rejected him because he is a man. Mersch, a Luxembourger who is highly regarded by his peers, had been expected to get the job on the European Central Bank’s all-male board … Continue reading
Italy’s central bank chief on Saturday predicted that the eurozone’s third-largest economy will see a return to growth next year, but he confirmed forecasts that 2012 will be a “year of recession.” Bank of Italy Governor Ignazio Visco also described Italian banks as being sound in terms of having adequate capital, but cautioned that the … Continue reading