Key Economic News to Watch This Week: May 13
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This week, Greece’s Prime Minister Antonis Samaras heads to China with a delegation to discuss possible investments in his country’s beleaguered economy. On Saturday, the suspension of the U.S. debt ceiling officially ends.
Monday, May 13
This week, Greece’s Prime Minister Antonis Samaras heads to China with a delegation to discuss possible investments in his country’s beleaguered economy. On Saturday, the suspension of the U.S. debt ceiling officially ends.
Monday, May 13
European finance ministers kick off a two-day meeting in Brussels and will discuss a banking union for the region as well as negotiations on a near $1 trillion EU-wide budget for the next seven years. Greece can expect to get a political agreement Monday to receive its next aid tranche of 7.5 billion euros, while Cyprus will receive its first 3 billion euros in aid on the same day.
Related: IMF Tells Europe to Speed Up on Banking Union
U.S. President Barack Obama will meet British Prime Minister David Cameron at the White House to discuss Syria and the G-8 summit next month. The two leaders are also expected to further trade and economic cooperation and counterterrorism measures.
A general election and local midterm elections take place in the Philippines.
Tuesday, May 14
U.S. Secretary of State John Kerry and other foreign ministers from the eight states that make up the Arctic Council will gather in Kiruna, Sweden. One key question on the agenda is whether to allow China and India, as well as the European Union, a say in determining the future of the Arctic by granting them observer status in the Council.
Wednesday, May 15
The Bretton Woods committee holds its 30th annual meeting in Washington.
Greece’s Prime Minister, Antonis Samaras, heads to China with a delegation to discuss possible investments in his country’s beleaguered economy.
U.S. retailers such as Wal-Mart and GAP face a deadline to sign a pact on factory safety in Bangladesh.
Related: Bangladesh to Work with ILO on Labour Reforms After Factory Deaths
Related: EU Mulls Trade Action after Bangladesh Factory Collapse
Google’s three-day developers conference begins in San Francisco.
The House Financial Services Committee will examine the issue of financial institutions’ being “too big to fail.
Thursday, May 16
The Falkland Islands issues four postage stamps in commemoration of the late Margaret Thatcher.
Related: Margaret Thatcher’s Economic Legacy: A Nation Divided
Saturday, May 18
The suspension of the U.S. debt ceiling officially ends.
Sunday, May 19
The 21st African Union summit in Addis Ababa (to May 27) is themed “Pan-Africanism and African Renaissance”.
