Lucas Papademos, former Prime Minister of Greece, voting
Shares are down in Europe and North America as Greece’s continuing political uncertainty undermines confidence.
Greece failed to form a coalition government through yesterday and today talks and will continue discussions with political leaders tomorrow.
United Kingdom's FTSE 100 index
A report argued that bosses of the United Kingdom’s biggest companies earn millions in excess remuneration.
It found that pay packages designed to incentivize FTSE 100 chief executives had little effect on company performance.
Drachma and Euro notes
Europe‘s central bankers have been openly expressing views on the possibility of Greece leaving the euro zone.
The issue comes up as Greek leaders struggle to form a government after Greek elections.
Money invested in mortgage loans
Government of Spain forced Spanish banks to take on an extra 30,000 million Euros of capital to cushion themselves against loans going bad.
Spanish banks will have to raise the money in capital markets or borrow from the government at an annual interest rate of about 10 percent.
Keys from a house
Deutsche Bank, Germany’s largest bank, has agreed to pay more than 200 million Dollars as a penalty.
German bank accepted to pay to settle charges it defrauded the Government of the United States over the release of risky mortgages.
Rodrigo Rato, former CEO at Bankia
Bank of Spain has confirmed that the troubled Spanish fourth lender Bankia is partly nationalized.
Rodrigo Rato, CEO at Bankia, has resigned because the bank holds around 32,000 million Euros in distressed property assets.
Indian Rupees in a bank office
Government of India stated that it would delay proposed laws targeting tax avoidance by one year.
The Indian Rupee has strengthened in currency markets after the government announcement.
Euro Disney theme park in east Paris
The Euro Disney theme park in Paris reported a 22 percent increase in its net loss for the first half of its financial year.
Euro Disney explained it missed its visitors target and placed hope in summer visitors.
Francois Hollande with his supporters
Francois Hollande, socialist candidate, has won a clear victory in the French presidential election.
Nicolas Sarkozy, centre-right candidate, admitted defeat and wished good luck to Hollande.
Election results for Parliament of Greece
Two main Greek parties, Pasok and New Democracy, have seen dramatic losses in Greece’s parliamentary elections results.
Both parties Pasok and New Democracy, in coalition since November 2011, were expected to lose some support due to austerity measures.
