August 5th, 2011 
Alexander Glaser 
Today French Courts ordered an investigation into International Money Fund (IMF) Chief Christine Lagarde’s into her role in the awarding of a $400 million deal to a controversial business man Bernard Tapie. The investigation will look into allegations of complicity to embezzlement of public funds and complicity to forgery. Bernard Tapie won a court [...]
Posted in European Economic News 
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No Comments » July 5th, 2011 Alexander Glaser Today Moody’s Investors Service downgraded Portugal’s long-term government bond ratings to Ba2 from Baa1 and gave it a negative outlook rating as well. Portugal’s short-term debt rating was also lowered to (P) Not-Prime from (P) Prime-2. These downgrades concludes the nation’s review that was initiated back in early April. The rationale behind the downgrade comes [...]
