Economic View: Why Emerging Markets Should Look Within

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The Workologist: Sharing Your Wisdom, Within Limits

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Big Executive Moves Within Hispanic Media

In a statement, Fusion announced that it had appointed Isaac Lee, the president of Univision News, as its chief executive. He will be in charge of programming and business development for the network, which is expected to make its debut Oct. 28, and replaces Beau Ferrari, the executive vice president of operations for Univision Networks who had been serving as the interim president of Fusion.

“Isaac is one of the most creative executives I know,” Randy Falco, the president and chief executive of Univision Communications, said in a statement. “His innovation and commitment makes him the right person in this expanded role.”

Ben Sherwood, the president of ABC News, said Mr. Lee’s “deep understanding of content that is relevant to Latinos and millennials will be critical as we bring together diverse cultures, voices and viewpoints to serve this influential and growing audience in the months and years ahead.”

Speculation about who would lead the network intensified after Cesar Conde, the president of Univision’s networks division since 2009, announced last month that he was leaving to become an executive vice president at NBCUniversal, the parent company of Telemundo, a rival Spanish-language network to Univison.

Telemundo had its own executive shake-up on Friday after Joe Uva, the chairman of Hispanic enterprises and content at NBCUniversal, sent an internal e-mail to staff announcing that Emilio Romano, the president of Telemundo, was stepping down. In the e-mail, Mr. Uva, who had been the president and chief executive at Univision from 2007 to 2011, thanked Mr. Romano for his contributions to Telemundo.

“His focus on positioning Telemundo to take share from Univision, and Mun2 to better resonate with the rapidly growing millennial population has established a foundation for growth,” Mr. Uva wrote, referring to the bilingual cable channel. “As a result, he has been instrumental in elevating the perception of Telemundo in the marketplace. Most recently, he has been a good partner to me.”

Mr. Uva, who has held his current position at NBCUniversal since April, said that he expected to begin the search for a replacement at Telemundo immediately and that he would be spending more time at the network’s Florida headquarters in the coming weeks.

Mr. Romano’s tenure ends exactly two years after he was named president of Telemundo. In 2011, Mr. Romano, a former chief executive for Grupo Mexicana de Aviación, the Mexican airline carrier, succeeded Don Browne. Mr. Romano declined to comment.

Deal on Aid to Greece Is Within Reach, Germans Say

Chancellor Angela Merkel of Germany said she thought that an agreement on a solution could be reached next week.

“One doesn’t know for sure, but there are chances to get a solution on Monday,” when the next meeting of euro zone ministers is scheduled, Ms. Merkel said in the German Parliament.

Ms. Merkel added, “We want Greece to remain in Europe.”

Wolfgang Schäuble, the German finance minister, said he was confident that an agreement could be reached once “technical questions” had been clarified.

Euro zone finance ministers and international officials ended their latest meeting on Greece early Wednesday after failing to reach a breakthrough on Greek aid despite nearly 12 hours of intensive closed-door talks.

It was the second consecutive week they reached such an impasse, highlighting deep divisions on how to find the money to keep the Greek economy afloat and prevent contagion in the euro zone even as the country’s debt prospects worsen.

Greece is seeking to unlock a 31.5 billion euro, or $40.4 billion, installment of loans from an international bailout program.

If ministers do reach a deal, Greece is likely to get a larger amount of about 44 billion euros because two additional installments are due by the end of the year under the program. The current program, worth 130 billion euros, has been frozen since June, when creditors determined that Greece was failing to meet the conditions of the bailout.

While there is little immediate threat that creditors will deny further aid to Athens, finding a formula to turn the spigot back on has proved incredibly difficult, particularly for Germany, where Ms. Merkel is seeking to avoid announcing losses on German loans or big new financing commitments to Greece ahead of her re-election campaign next year.

That has left the euro zone’s leadership and officials from the International Monetary Fund attending a seemingly endless series of late-night meetings.

“The fund knows they can’t push the big creditor nations like Germany to cough up enough money for a systemic fix for Greece given the German election cycle and because such a fix also would meet strong opposition from powerful parliamentary committees in countries like Finland,” said Mujtaba Rahman, a Europe analyst at the Eurasia Group. “So instead, the fund is pushing creditor nations like Germany as far as possible on everything else. The fund wants to be as aggressive as it can be without actually demanding creditor nations take haircuts on their loans.”

On Tuesday night, ministers examined options, including lowering interest rates on Greek debt, lengthening the deadlines for repayments and allowing Greece to buy back its bonds at a steep discount.

Once lenders agree on a solution for Greece, the measure will still have to be debated and passed by German lawmakers. Mr. Schäuble said on Monday that the German Parliament could put the issue to a vote by the end of next week if an agreement was reached Monday.

But the holdup immediately prompted the Greek prime minister, Antonis Samaras, to insist that Athens had already carried out promised reforms and should receive its bailout money.

“Greece did what it had to do and what it had pledged to do,” Mr. Samaras said. “Our partners, and the I.M.F., must now assume their responsibilities.”

“Whatever the technical difficulties involved in finding a solution, they do not justify any negligence or delay,” said Mr. Samaras.

The holdup also prompted renewed criticism of Mr. Samaras and of Greece’s foreign bailout by Alexis Tsipras, the leader of the leftist opposition party Syriza, which is leading in opinion polls.

“Samaras has become an integral part of the pre-election campaign of Ms. Merkel, who does not want to admit to the German people before German elections that she has made serious mistakes, that she is to blame for the oncoming recession and that a haircut is necessary for Greece’s debt,” Mr. Tsipras said in a statement.

The meeting broke up on Wednesday morning with Greece’s biggest creditors like Germany at loggerheads with the I.M.F. over how much extra financing to provide in the next four years, and over whether Greece’s towering debt must be reduced to 120 percent of gross domestic product by the end of the decade.

Christine Lagarde, the I.M.F.’s managing director, had insisted that financing Greece to 2016 would help it make its debt manageable by the end of the decade.

But a number of member states resisted that suggestion, insisting on limiting questions to how to finance Greece through 2014. Using a target date of 2014 would cost less, or about 15 billion euros, but that would leave questions unresolved about the country’s financing.

Melissa Eddy contributed reporting from Berlin and Niki Kitsantonis from Athens.