As Greece faces up to the agony of its financial crisis, there can be only one way out. The country must look to the wisdom of its ancestors; not to learn from it, but to sell it.
Greece’s problem is that it has borrowed more than it can afford to pay back. Yet as the cradle [...]

Santander, Europe’s biggest bank, is reported to be considering floating on the London stock exchange – a move that would probably be accompanied by a branch-buying spree.
The Spanish group, which has subsumed Abbey, Alliance & Leicester and Bradford & Bingley, is expected to be a long way off taking such a decision.
Other options include seeking [...]

LONDON -(Dow Jones)- British Airways PLC (BAY.LN) Friday said third-quarter pretax losses narrowed due to a decline in operating costs but warned it’s still on course for its worst fiscal-year performance. Dont forget airlines buy their oil inventories sometimes years in advance.

“These results highlight the impact of permanent changes across the company on our costs,” [...]

IQALUIT, Canada (Reuters) – Finance chiefs from the world’s rich powers took a close look at European debt problems at an Arctic summit, and a senior official said Europe was determined to solve its problems without the International Monetary Fund.
“We talked about Greece, Portugal and Spain and we told our partners we had to solve [...]