Long after the debt crisis is over, Europe will be struggling with an even more serious problem – how to pay for increasing numbers of old people. Today’s graphic is a map of Europe showing the projected old-age dependency ration in 2060.
Thomson Reuters Digital Editor Chrystia Freeland speaks with Mark Carney, incoming governor at the Bank of England, about the challenges he’ll face at the central bank and his outlook for Europe.
What does opportunity look like? Across the industries we serve, we help our customers identify the fundamental forces and changes that affect their worlds.The following story from our 2012 Annual Report uses the power of data visualization to simplify and unify complex sets of data, and illustrate the ways in which the ability to see and understand change can reveal powerful opportunities. (more…)
Cyprus said that a sale of its gold reserves was among the options for its contribution towards an international bailout, but ultimate responsibility rested with its central bank. Because of this, euro zone nations such as Italy and Portugal could come under pressure to put their bullion reserves to work. Today’s graphic looks at gold reserves as a percentage of debt and GDP for some of the world’s largest economies.
Reuters’ Summit on the future of the euro zone created huge waves last week as Reuters exclusively interviewed an exceptional array of top policy makers and leaders over three days in Brussels, Paris, London, Madrid and Berlin. The roster of interviews with the finance ministers of France, Germany and Spain, European Commission President Jose Manuel Barroso and other leading names from Brussels and the ECB, came at a crucial time, with the Italian election disaster freshly minted and the banker bonus curbs agreed.
The Summit gave Reuters clients and readers an exclusive glimpse of Barroso’s reaction to Italy’s fractured election result, which has put fresh pressure on the euro zone and its austerity mantra. The stories from the Reuters Euro Zone Summit covered a wide range of other themes – from transatlantic trade and competition policy and Spain’s reforms to Cameron’s risky EU gamble, banker bonuses and France’s economic challenges. For a summary recap report of the Summit, click click here.
Bankia has been the focal point of Spain’s banking crisis since requesting a massive state bailout in mid-2012. Writedowns on rotten property assets led it to post Spain’s biggest ever corporate loss for 2012. Today’s graphic looks at some of the biggest banking losses in Europe.
Is the worst of the euro zone debt crisis over? Will Europe’s economy bounce back or do a range of risks mean the outlook is gloomy?
The European Central Bank’s pledge to do whatever it takes to save the euro has taken some heat out of the debt crisis but policymakers have an enormous amount to do to secure the bloc’s future – in terms of closer economic integration and building a banking union – and there are some signs of unraveling.
The four-day Reuters Summit will press Europe’s top policymakers on their plans, hopes and fears and whether they expect the ECB to have to back up its words with actions. A corruption scandal in Spain and uncertainty surrounding the outcome of Italian elections only add more spice to the mix as will Britain’s uncertain future in Europe and more global questions such as whether the world’s major economies could slide into a currency war.
2012 was a year of change and turmoil within the business and political arenas – from the ongoing sagas of the Eurozone crisis and Libor scandal, to the first year in the life of the world’s newest nation, South Sudan. Discover some of Reuters outstanding investigative journalism and coverage of international events that made the news.
Chesapeake energy series
For years, not even the largest shareholders of Chesapeake Energy Corp knew its CEO’s secrets. Aubrey K. McClendon, who had founded the nation’s second-largest natural gas producer and served as chairman and chief executive, had taken out more than $1 billion in personal loans in exchange for pledging his share of company wells. What’s more, he had been quietly operating a$200 million hedge fund from inside Chesapeake headquarters. Both matters were exposed in an extensive series of Special Reports and scoops. As a result, Chesapeake board members stripped McClendon of his chairmanship, the IRS and Securities and Exchange Commission opened inquiries, and the price of Chesapeake stock tumbled.
Greek debt
Reuters has led the Greek debt story this year with a series of major scoops and special reports. Our reporting exposed a series of conflicts of interest, interconnected loans and payoffs that had not been disclosed to investors, highlighted by auditors or investigated by regulators. Our coverage has been spoken about in the Greek parliament and formed the basis of debates on Greek television.
Jihad Jane
In a gripping four-part serial narrative, Reuters reconstructed the making of the so-called new face of terrorism – Colleen LaRose, the blonde-haired, green-eyed, American-born woman who went by the nickname Jihad Jane. Based on our months-long review of confidential investigative documents and interviews with sources in Europe and the United States — including the first and only interview with Jihad Jane herself – our series of Special Reports revealed a far less menacing and, in some ways, more preposterous undertaking than what the U.S. government asserted. Indeed, at almost every turn LaRose and her accomplices bungled their plot to kill the Swedish artist Lars Vilks, Reuters found. (more…)
Yesterday, Standard & Poor’s raised Greece’s sovereign credit rating to B-minus with a stable outlook from selective default, citing Europe’s efforts to keep the country part of the euro. Today’s graphic shows the credit ratings for the US, Japan and the euro zone.