Daily Archives: December 9, 2013

♦ An FT investigation has uncovered the key role played by Deutsche Bank, JPMorgan and UniCredit in the reform of the Vatican bank, by refusing to provide financial services over the past two years.
♦ The World Trade Organisation’s 159 members managed to agree on something for the first time in its 18-year history last week – a sign that the organisation is “coming alive”.
♦ Yingluck Shinawatra’s position as Thai prime minister is in jeopardy because of opposition hatred for her brother – a force that has defined her premiership and driven instability.
♦ Bedouin gangs in the Sinai have discovered that taking hostages is more profitable than human smuggling.
♦ Bill de Blasio’s challenge as New York mayor will be to negotiate and pay for a way out of the impasse between the administration and the unions of city workers. Read more

Tony Barber

(OLIVIER MORIN/AFP/Getty Images)

An optimist would draw much inspiration from Matteo Renzi’s convincing victory in Sunday’s primary elections for the leadership of Italy’s ruling centre-left Democratic party (PD). Doesn’t the success of the 38-year-old Florence mayor prove that a new generation of vigorous, reform-minded politicians is, at long last, replacing the squabbling, incompetent and sometimes corrupt oldsters who have presided over the nation’s decline over the past 20 years? Read more