Former International Monetary
Fund (IMF) chief Rodrigo Rato arrived at a Madrid prison on
Thursday to start a four-and-a-half year jail term for using
company credit cards to make costly personal purchases while
running state-owned lender Bankia.
The European Central Bank
maintained on Thursday its long-standing view that risks to the
economy are broadly balanced, playing down a long list of signs
that growth may have failed to stabilise and continues to slow.
Hungary's Central European
University, a graduate school founded by U.S. financier George
Soros, said it was being forced out of the country by the
nationalist government and would switch to enrolling new
students in Vienna if it did not get guarantees of academic
freedom by Dec. 1.