Merkel Clashes With Monti on Banking License

German Chancellor Angela Merkel and Italian Prime Minister Mario Monti disagreed on whether the euro area’s permanent bailout fund should receive a bank license as they seek to keep Europe’s debt-crisis response on track.

Former Yellen Adviser Says Recession a ‘Live Possibility’
40:54 - Chair Janet Yellen said the Federal Reserve still expects to raise interest rates gradually while making it clear that continued market turmoil could throw the central bank off course from the multiple increases that policy makers have forecast for 2016. Andrew Levin, an economics professor at Dartmouth College in Hanover, New Hampshire, and a former policy adviser to Yellen when she was the Fed vice chair, speaks to Bloomberg’s Manus Cranny and Anna Edwards on “Countdown.”
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