Post-crisis Europe and Canadian economic jitters
The Greek bailout deal has now got its second stamp of approval. Early Thursday morning at 4:00am local time, members of parliament passed the second set of reforms they needed to approve in order to move forward in negotiations on a new €86 billion deal. The reforms included changes to the Greek banking system along with an overhaul of the judiciary system. Ameera David weighs in.
Ameera is then is joined by Steve Hanke, professor of applied economics at Johns Hopkins University and director of the Troubled Currencies Project at the Cato Institute. Steve gives us his take on how influential quantitative easing in the eurozone will be and tells us why he thinks MBA programs are essentially a waste of time.
After the break, Bianca Facchinei takes a look at a recent settlement between the government and Honda over discriminatory lending. The Japanese auto company allegedly hiked up interest rates on loans to thousands of black, Hispanic, Asian, and Pacific Islander buyers.
Ameera and Erin Ade discuss the European Union’s decision to launch an antitrust case against six major US movie studios and British satellite broadcaster Sky UK, in a move that could profoundly shake up the highly lucrative pay-tv market.
And in The Big Deal, Ameera and Edward Harrison talk about Canada. The Canadian economy has softened this year and talk of a recession is rife.
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