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No, Greece isn’t ‘crying wolf’ on debt relief

  Paul Kazarian says he’s spent “tens of millions of dollars” mobilizing a team of a hundred analysts to scrutinize Greece’s assets and liabilities. According to him, everyone else — including the International Monetary Fund, the credit-rating agencies, the European Union and the Greek government itself — is massively overstating the problem of the nation’s debt burden relative to economic ...

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Central bank fights fires on all fronts amid India cash chaos

  Bloomberg India’s new central bank Governor Urjit Patel is facing fires on multiple fronts as he prepares for next week’s monetary policy review. A cash shortage triggered by Prime Minister Narendra Modi’s decision to void 86 percent of currency in circulation and an accompanying surge in banking liquidity as Indians deposit their worthless bank notes threatens one of the ...

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ANZ axes staff share bonus amid cost-cutting drive

  Bloomberg Australia & New Zealand Banking Group Ltd. has axed its traditional A$1,000 ($746) share bonus for staff this year, citing the need to cut expenses. In an intranet post seen by Bloomberg News, management told employees that 2016 had been a “challenging year” and that in an “environment of lower growth and lower returns, ANZ needs to reduce ...

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