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Greek bailout success uncertain in long term: German FM Schaeuble

  Bloomberg German Finance Minister Wolfgang Schaeuble cast doubt on whether Greece’s bailout will succeed, while citing progress on the more immediate task of concluding a review of Greek compliance with the aid program that’s needed to unlock more funds. “We can make it, I’m not that pessimistic, we’ve made progress,” Schaeuble said during a panel discussion in Berlin late ...

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Swiss watch exports post biggest quarterly drop since 2009

Bloomberg Swiss watch exports posted the biggest quarterly drop since 2009 as the industry faces declining demand in all its main markets. Shipments dropped 8.9 percent in the first quarter, adjusted for working days, according to data from Switzerland’s customs office. Exports declined 16 percent in March to 1.5 billion francs ($1.5 billion), the lowest level for that month in ...

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Sweden fights currency gains with more monetary stimulus

  Bloomberg Sweden’s central bank will buy more bonds to drive down longer yields as policy makers try to fight currency gains that threaten to undermine their efforts to rekindle inflation. The Riksbank kept its benchmark repo rate at minus 0.5 percent, it said on Thursday. The decision was expected by all 20 economists surveyed by Bloomberg. It will add ...

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