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Klaus Regling
Klaus P. Regling (born 3 October 1950 in Lübeck, West Germany) is a German economist and the former Chief Executive Officer of the European Financial Stability Facility (EFSF) and Managing Director of the European Stability Mechanism. Regling was reportedly considered as a possible head of the European Central Bank to succeed Jean Claude Trichet. Early life and education The son of a carpenter who sat in the German Bundestag for the Social Democrats,Zeke Turner (August 21, 2015)Meet Mr. Stability''Politico Europe''. Regling studied economics at the University of Hamburg, and after receiving his bachelor's degree in 1971 went on to the University of Regensburg, where he earned a master's in the subject in 1975. Career In 1975 Regling began work at the International Monetary Fund (IMF) in Washington, D.C. He spent his first two years as part of the IMF's Economist Program, specifically the Research and African Department, and the following three years as an economist in the Resea ...
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European Stability Mechanism
The European Stability Mechanism (ESM) is an intergovernmental organization located in Luxembourg City, which operates under public international law for all eurozone member states having ratified a special ESM intergovernmental treaty. It was established on 27 September 2012 as a permanent firewall for the eurozone, to safeguard and provide instant access to financial assistance programmes for member states of the eurozone in financial difficulty, with a maximum lending capacity of €500 billion. It has replaced two earlier temporary EU funding programmes: the European Financial Stability Facility (EFSF) and the European Financial Stabilisation Mechanism (EFSM). Overview The Treaty Establishing the European Stability Mechanism stipulated that the organization would be established if member states representing 90% of its capital requirements ratified the founding treaty. This threshold was surpassed with Germany's completion of the ratification process on 27 September 2012, ...
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Jakarta
Jakarta (; , bew, Jakarte), officially the Special Capital Region of Jakarta ( id, Daerah Khusus Ibukota Jakarta) is the capital and largest city of Indonesia. Lying on the northwest coast of Java, the world's most populous island, Jakarta is the largest city in Southeast Asia and serves as the diplomatic capital of ASEAN. The city is the economic, cultural, and political centre of Indonesia. It possesses a province-level status and has a population of 10,609,681 as of mid 2021.Badan Pusat Statistik, Jakarta, 2022. Although Jakarta extends over only , and thus has the smallest area of any Indonesian province, its metropolitan area covers , which includes the satellite cities Bogor, Depok, Tangerang, South Tangerang, and Bekasi, and has an estimated population of 35 million , making it the largest urban area in Indonesia and the second-largest in the world (after Tokyo). Jakarta ranks first among the Indonesian provinces in human development index. Jakarta's busin ...
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European Commission
The European Commission (EC) is the executive of the European Union (EU). It operates as a cabinet government, with 27 members of the Commission (informally known as "Commissioners") headed by a President. It includes an administrative body of about 32,000 European civil servants. The Commission is divided into departments known as Directorates-General (DGs) that can be likened to departments or ministries each headed by a Director-General who is responsible to a Commissioner. There is one member per member state, but members are bound by their oath of office to represent the general interest of the EU as a whole rather than their home state. The Commission President (currently Ursula von der Leyen) is proposed by the European Council (the 27 heads of state/governments) and elected by the European Parliament. The Council of the European Union then nominates the other members of the Commission in agreement with the nominated President, and the 27 members as a team are then ...
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Horst Köhler
Horst Köhler (; born 22 February 1943) is a German politician who served as President of Germany from 2004 to 2010. As the candidate of the two Christian Democratic sister parties, the Christian Democratic Union of Germany, CDU (of which he is a member) and the Christian Social Union of Bavaria, CSU, as well as the liberal Free Democratic Party (Germany), FDP, Köhler was 2004 German presidential election, elected to his first five-year term by the Federal Convention (Germany), Federal Convention on 23 May 2004 and was subsequently inaugurated on 1 July 2004. He was 2009 German presidential election, reelected to a second term on 23 May 2009. Just a year later, on 31 May 2010, he resigned from his office in a controversy over a comment on the role of the German Bundeswehr in light of a visit to the troops in Afghanistan. During his tenure as president, whose office is mostly concerned with ceremonial matters, Köhler was a highly popular politician, with approval rates above thos ...
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Philipp Hildebrand
Philipp Michael Hildebrand (born 19 July 1963) is a Swiss banker who has been serving as a vice chairman of BlackRock since 2012.Jochelle Mendonca, Emma Thomasson and Sinead Cruise (June 13, 2012)Former Swiss central bank head to join BlackRock''Reuters''. Hildebrand was the head of the Swiss central bank, the Swiss National Bank (SNB), from 2010 until he resigned on 9 January 2012 after controversy surrounding his wife's currency trading."Ein Rücktritt sorgt für Glaubwürdigkeit: Kampagne gegen Hildebrand"
''Die Zeit'', n.d. Headline translation (Google): "A withdrawal ensures credibility: Campaign against Hildebrand"; introduction (transl'n; page ("seite") 1): "The head of the Swiss National Bank withdraws. Not because he has violated laws, but to preserve its credibi ...
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David Lipton
David Lipton (born November 9, 1953) is an American economist who served as the Acting Managing Director of the International Monetary Fund from July 2, 2019, following Christine Lagarde's nomination as President of the European Central Bank, until Kristalina Georgieva was appointed in the office on October 1, 2019. Prior to this, Lipton had been serving as the IMF's First Deputy Managing Director since September 2011. Lipton has been featured in, and interviewed by, numerous publications including ''The Financial Times'', ''Euromoney'', ''Bloomberg News'', and ''The Guardian''. Life and work David Lipton was born on November 9, 1953 in Boston, Massachusetts and received an undergraduate degree from Wesleyan University in 1975, followed by a PhD in Economics from Harvard University in 1982, under the supervision of Jeffrey Sachs. He then started working for the International Monetary Fund, after which he joined Jeffrey Sachs advising governments of transition economies, such as Rus ...
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Moore Capital Strategy Group
Moore may refer to: People * Moore (surname) ** List of people with surname Moore * Moore Crosthwaite (1907–1989), a British diplomat and ambassador * Moore Disney (1765–1846), a senior officer in the British Army * Moore Powell (died c. 1573), a Welsh politician * Gordon Moore, (1929-), co-founder of Intel, coined the term "Moore's Law" Places Australia *Moore, Queensland, a town in the Somerset Region *Division of Moore, an electoral division in Western Australia Greenland *Moore Glacier United Kingdom *Moore, Cheshire, England United States *Moore, Idaho *Moore, Indiana *Moore, Montana * Moore, New Jersey *Moore, Oklahoma *Moore Township, Pennsylvania *Moore, South Carolina *Moore, Texas *Moore, Utah *Moore, Washington * Moore, West Virginia *Moore County, North Carolina *Moore County, Tennessee *Moore County, Texas *Moore Haven, Florida * Banning, California, formerly known as Moore City Schools Australia * Moore Theological College, Sydney, Australia Unite ...
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Euler Hermes
Allianz Trade is an international insurance company that offers a range of services including trade credit insurance, debt collection, surety bonds and guarantees, business fraud insurance and political risk protection. A subsidiary of Allianz SE, Euler Hermes is rated AA by Standard & Poor's. It monitors the financial health of over 80 million companies. Headquartered in Paris, the company is present in more than 50 countries with more than 5,500 employees, and has a global market share of 34%. They posted a consolidated turnover of €2.9billion in 2021, and insured global business transactions representing €931billion in exposure. History Creation of credit insurers around the world * 1883: ACI in the United States * 1917: Hermes Kreditversicherungsbank in Germany * 1918: Trade Indemnity in United Kingdom * 1927: SFAC in France and SIAC in Italy * 1929: COBAC in Belgium Birth of Euler Hermes In 1993, SFAC started to acquire the different local market leaders in trade ...
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Inter-American Development Bank
The Inter-American Development Bank (IDB or IADB) is an international financial institution headquartered in Washington, D.C., United States of America, and serving as the largest source of development financing for Latin America and the Caribbean. Established in 1959, the IDB supports Latin American and Caribbean economic development, social development and regional integration by lending to governments and government agencies, including State corporations. The IDB has four official languages: English, Spanish, Portuguese and French. Its official names in the other three languages are as follows: History At the First Pan-American Conference in 1890, the idea of a development institution for Latin America was first suggested during the earliest efforts to create an inter-American system. The IDB became a reality under an initiative proposed by President Juscelino Kubitshek of Brazil. The Bank was formally created on April 8, 1959, when the Organization of American States dr ...
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Asian Development Bank
The Asian Development Bank (ADB) is a regional development bank established on 19 December 1966, which is headquartered in the Ortigas Center located in the city of Mandaluyong, Metro Manila, Philippines. The bank also maintains 31 field offices around the world to promote social and economic development in Asia. The bank admits the members of the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP, formerly the Economic Commission for Asia and the Far East or ECAFE) and non-regional developed countries. From 31 members at its establishment, ADB now has 68 members. The ADB was modeled closely on the World Bank, and has a similar weighted voting system where votes are distributed in proportion with members' capital subscriptions. ADB releases an annual report that summarizes its operations, budget and other materials for review by the public. The ADB-Japan Scholarship Program (ADB-JSP) enrolls about 300 students annually in academic institutions locate ...
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European Voice
''Politico Europe'' (stylized as ''POLITICO Europe'') is the European edition of the German-owned news organization ''Politico'' reporting on political affairs of the European Union. Its headquarters are located in Brussels with additional offices in London, Berlin, Warsaw, Paris, and Frankfurt. In September 2014, ''Politico'' formed a joint venture with German publisher Axel Springer SE to launch its European edition. In December 2014, the joint venture announced its acquisition of ''Development Institute International'', a leading French conference business, and ''European Voice'', a European political newspaper previously part of the Economist Group, to be relaunched under the ''Politico'' brand. Among the participants of the launch event on April 21, 2015, was President of the European Council Donald Tusk and President of the European Parliament Martin Schulz. ''Politico Europe'' debuted with its first print issue two days later, on April 23, 2015. The main sources of revenue ...
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Group Of Seven
The Group of Seven (G7) is an intergovernmental political forum consisting of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States; additionally, the European Union (EU) is a "non-enumerated member". It is officially organized around shared values of pluralism and representative government, with members making up world's largest IMF advanced economies and liberal democracies. As of 2020, G7 members account for over half of global net wealth (at over $200 trillion), 32 to 46 percent of global gross domestic product,Depending on whether nominal values or purchasing power parity is used. and 10 percent of the world's population (770 million people). Members are great powers in global affairs and maintain mutually close political, economic, diplomatic, and military relations. Originating from an ''ad hoc'' gathering of finance ministers in 1973, the G7 has since become a formal, high-profile venue for discussing and coordinating solutions to ...
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