Bank of England

What did Napoleon say? "Money… money... money..." 

Who invented money to become the world's richest person? Wasn't it the Lydian King Croesus, who printed money containing electrum in Sardis, present-day Salihli, Manisa, in the seventh-century B.C.?

Lydian electrum coin

Global finance leaders on Oct. 6 publicly confronted the rising unpopularity of trade liberalization, saying world economies needed to strive for more inclusive growth.

Central banks have little room for error in a low-growth world in which over-leveraged and commodity-dependent emerging economies and a slowing China are major risks, top international financiers told the International Monetary Fund?s meeting.

Tens of thousands took to the streets of UK towns and cities on Saturday to defy reelected PM David Cameron's plans to continue with austerity policies.

In London alone, between 70 000 and 150 000 people are estimated to have attended the main rally, according to The Guardian.

Protesters demanded equality and more commitment to helping the poor.

By Anna Edwards, Renee Bonorchis & Stefania Bianchi

Barclays Chief Executive Officer Antony Jenkins said he expects a solution to the standoff between Greece and international creditors, which risks ousting the country from the eurozone.

Turkey's economic institutions must be reconstructed while comprehensive growth-oriented economic policies need to be realized after the elections, said ?brahim Turhan, who left his chairman post at Borsa Istanbul to run for a Justice and Development Party (AKP) seat in the June 7 elections.

Former Bank of England policymaker DeAnne Julius said a Greek exit from the euro area probably wouldn?t mean a financial fallout such as that in the wake of the 2008 collapse of Lehman Brothers Holdings Inc.

?There?s very little risk of a Lehman-type moment? immediately after a Greek exit, Julius said in an interview on Bloomberg Television on Tuesday.

By Jillian Ward

Mark Carney said U.K. growth is susceptible to any escalation of the Greek debt crisis after the Bank of England cut its forecasts through 2017.

By Nikos Konstandaras

By Ben Moshinsky

The Bank of England will assess the danger from a shortage of market liquidity as it warned of threats to financial stability from events such as the crisis in Greece.