Mugur Isarescu: Romania’s central figure April 16, 2015

THE soaring walls and revolving doors of Romania’s communist-era finance ministry on Bucharest’s Constitution Square expose a deeply rooted instability that hampers one of Europe’s more volatile economies. Portraits of former ministers are displayed around the walls of the ministry’s foyer, their faces looking beyond those doors to the pompous … read more >>

Recent Files

Artistic licence in Romania April 15, 2015

When Euromoney visited the hulking headquarters of Romania’s finance ministry in Bucharest in December to interview Ioana Petrescu, the then occupant of that prestigious office, we were taken by the portraits in the entrance foyer that honoured those who had served before her. There were 20 portraits – and that … read more >>

Turkey: The Battle for Bank Asya December 1, 2014

Turkey’s president has tried to kick of one of the country’s largest banks into touch, through public attacks and behind-the-scenes pressure. Despite becoming a political football, Bank Asya is still in the game. Can Turkey’s reputation in the west as a place to do business survive Erdogan’s continued, politically-motivated vendetta? … read more >>

Downfall of a dynasty: The last days of Ricardo Salgado and Banco Espírito Santo October 14, 2014

Bankers in Lisbon say the demise of BES is a watershed moment for the country: the turning point when old Portugal became new Europe. Ricardo Salgado tried every trick he knew to save his empire, but found that the Portuguese establishment could not – or would not – save him. … read more >>

Espírito Santos and Queiroz Pereiras: Duel of two dynasties October 14, 2014

Ricardo Salgado went to war with a rival pillar of the Portuguese business establishment in his frantic efforts to shore up Espírito Santo group. But Pedro Queiroz Pereira had the last laugh…. For a man steeped in family honour, there is a rueful irony in the fact that it was … read more >>

Ashraf Ghani, Afghanistan’s new president: Death and Taxes (from 2004) October 2, 2014

Shortlisted for the 2005 British Business Journalist of the Year Award (Economics) Death and Taxes in Kabul Finance Minister Ashraf Ghani is battling warlords, cabinet colleagues, indifferent global donors and stomach cancer as he struggles to salvage Afghanistan’s ravaged economy. If he fails, the world could pay an enormous price. … read more >>

Inside Ukraine’s Economic Crisis June 8, 2014

When Euromoney penetrated the economy and finance ministries in Kiev in late May, as well as the central bank, it found an atmosphere of unease and uncertainty. A supposed dream-team, which in reality is a collection of talented and driven novices, has a battle on its hands to keep Ukraine’s … read more >>

Spain: Laboral flies the co-op flag May 13, 2014

Jon Emaldi Abasolo surveys the remains of Spain’s devastated banking landscape and scratches his head. He’s genuinely confused. “We know how we manage our bank,” says Abasolo, a director of the Basque savings bank Caja Laboral Kutxa, part of the Mondragon group of co-operative businesses (MCC), “and we know that … read more >>

Indonesia: Flight of the Navigator May 13, 2014

Muhammad Chatib Basri is not a big fan of bureaucracies. “One of the reasons so many Indonesians have become religious,” jokes Indonesia’s 48-year-old finance minister, Jakarta’s ninth in 16 years, “is because they have to deal with the government.” Citing a common gripe of his 250 million compatriots – and … read more >>

Emerging Europe: A free market for Georgia? February 11, 2014

By the seasoned standards of the world’s finance ministers, Georgia’s Nodar Khaduri, aged 43 and just over a year in the slot, is a relative babe in arms. Take Euromoney’s last five finance ministers of the year. Our 2008 winner, China’s Xi Xuren, was the oldest, at 61, while, at … read more >>