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Italy should have accepted an International Monetary Fund program on offer in late 2011, Lorenzo Bini Smaghi, a former member of the European Central Bank's executive board, said Friday in an interview published in La Stampa."I think it would have been better," Mr. Bini Smaghi said, in one of the more revisionist remarks in the Italian political debate of the past two years.The IMF offered Italy an aid package that was ultimately refused by then-Prime Minister Silvio Berlusconi at a summit in Cannes, France. Mr. Berlusconi then resigned, making way for a technocrat administration run by Mario Monti, who imposed tax hikes and austerity programs that have squelched economic growth."Austerity as it's now lived in Europe is a choice made by governments to avoid politically costly choices like carrying out deep reforms to make economies more productive," Mr. Bini Smaghi said, who is now chairman of Snam (SNMRY), Italy's regulated and state-controlled gas distributor.The ECB wrote a letter t...
Independent Women's Forum Executive Director Sabrina Schaeffer discusses whether the increase in women in the House will improve legislation.
Sen. Orrin Hatch, (R-Utah), on the potential impact on small businesses of efforts to raise taxes as part of a fiscal cliff deal.
A split within the Bank of Japan was laid bare on Monday, with newcomers to its board pressing to strengthen commitment to an ultra-loose policy, as pressure on the ...
Coles supermarket owner Wesfarmers Ltd. (WES.AU) expects reasonable trading in the run-up to Christmas rather than a bumper festive season, as shoppers remain reluct...
Tesla Motors CEO Elon Musk on the outlook for the electric-car maker.
Wall Street Journal Editorial Board Member Stephen Moore on the last jobs report before the presidential election and the political debate over tax fairness.
Europe has won the immediate battle to save the euro, but the war to make the single currency sustainable in the long run has only just begun.Relief in Brussels is p...
Australia risks losing an opportunity to become a farmyard for Asia, as growing unease over foreigners buying rural land threatens to provoke protectionist policies ...
Canada's Conservative government will take public opinion into account when reviewing foreign takeovers, including China-owned Cnooc Ltd.'s (CEO) bid for Canadian en...
The sale of Italy's No.3 broadcaster Telecom Italia Media risks falling apart as potential bidders worry about the future of the industry and parent Telecom Italia c...
SANTIAGO, Chile--As delays or suspensions of Chile's largest power projects put future energy supply in the Andean nation at risk, power-sector executives Wednesday ...
RNC Chairman Reince Priebus on the debate between Joe Biden and Paul Ryan.
Deutsche Bank AG (DB, DBK.XE) is capping its top executive pay in 2013 at just less than 10 million euros amid a broader political debate in Europe on how to rein in...
Outgoing Bank of England Governor Mervyn King called for a "decisive restructuring" of state-controlled lender Royal Bank of Scotland Group PLC (RBS.LN), a move like...
Former U.S. Treasury Secretary Henry Paulson said Thursday the U.S. government faces a "debt bomb" that can only be confronted if political leaders make changes to e...
The chief executive of Lloyds Banking Group PLC (LYG) is on track for a 4 million pound ($6.45 million) bonus this year after hitting performance-related targets in ...
Goldderby.com’s Tom O’Neil on the economic impact of an Oscar.
Japan's next premier, Shinzo Abe, renewed pressure on the central bank to adopt a 2 percent inflation target, saying that he will try to revise a law guaranteeing it...
An aide to Japan's next Prime Minister Shinzo Abe said on Friday that there would be no need to revise the Bank of Japan law as long as the central bank met the part...
