Eurozone needs to 'Share Risks', Warns Bank Governor
Published 2015-01-29 10:24:28| Amwal Al Ghad English
Bank of England governor Mark Carney has warned the current structure of the eurozone puts it in an "odd position". Mr Carney said sharing a currency without also sharing decisions on taxes and spending did not work. "For complete solutions to current and potential future problems the sharing of fiscal risks is required," he told an audience in Dublin, Ireland.
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Egypt’s Delta Life Insurance has chosen Alpha Capital to manage its newest mutual fund. The fund will be with an initial capital worth 50 million Egyptian pounds (US$6.6 million). Alpha Capital is an Egyptian investment bank established in 2009. Mohamed Mowafi - Chief Sales & Marketing Officer at Delta Life – said his company had recently obtained approvals from the Egyptian Financial Supervisory Authority (EFSA) and the Central Bank of Egypt so as to launch the fund.
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