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Analysis: Time running out for EU to halt debt crisis Reuters Hale made his prognosis after listening to German Finance Minister Wolfgang Schaeuble tell a meeting of international bankers the way to restore market confidence and prevent the debt crisisfrom worsening was simply for indebted countries and banks to ... See all stories on this topic » | ||
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'We will respond just like during the last crisis' RT The financial sector needs more transparency and stability, as well as more monitoring of private deposits. Such reforms need to be carried out. Pension reform, as I mentioned, is a priority. In some cases we spend too much public money without proper ... See all stories on this topic » | ||
Alistair Darling's memoir The Economist (blog) Instead he was assured his place in financial and economic history after having grappled with thebanking crisis, recession—and with his next-door neighbour in Downing Street. Inevitably, Mr Darling's version of those rows has been seized upon for its ... See all stories on this topic » | ||
Europe warned over its debt crisis China Daily World financial markets have been wracked by fears the Greek debt crisis could overwhelm other eurozone countries and their banks. "A key element of cooperation is for each country to take matters in their own hands, take well-targeted measures and put ... See all stories on this topic » | ||
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It's time to put money into the equation, says professor Sydney Morning Herald "[About] 99 per cent of economic models assume money doesn't exist. They assume you live in a barter system … That's why they didn't see the financial crisis coming," he said. "I've worked to find if I can build a truly monetary model of capitalism … ... See all stories on this topic » | ||
Russia's finance minister to quit over Medvedev CBS News In doing so, he had faced strong opposition from other government ministers who wanted the moneyfor expenditures, but when the financial crisis hit and oil prices fell, those savings proved crucial in reducing the blow. Medvedev's spokeswoman, Natalya ... See all stories on this topic » | ||
The US Needs a Meaningful Mortgage Settlement: Simon Johnson BusinessWeek Three years into the financial crisis, the US economy is still held back by weak consumer confidence. Meanwhile, the global financial system continues to face instability, most notably because of the persistent sovereign-debt crisis in Europe. ... See all stories on this topic » | ||
Big help available for small business EastDay.com "We don't see a recovery though it's said the global financial crisis is waning," said Guo, who has been in construction for two decades. "As for financing, I am forced to turn to friends or relatives because it's too difficult to get bank loans. ... See all stories on this topic » | ||
UK Stocks-Factors to watch on Monday Sept 26 Reuters LONDON, Sept 26 (Reuters) - Britain's FTSE 100 index is seen opening down 7-22 points, or as much as 0.4 percent on Monday, according to financial bookmakers, reversing Friday's late rally in tandem with falls by Asian equities, with commodity issues ... See all stories on this topic » | ||
Flight to safety, $ rally remain the key trends Daily News & Analysis The euro, pound and riskier currencies rallied modestly on Friday after G20 finance chiefs issued a communiqué pledging action to tackle the global economic crisis. However, the prevailing sentiment of risk aversion remained. ... See all stories on this topic » | ||
Crisis hits Europe's financial centres Financial Times Mark Yeandle, the Z/Yen associate director who runs the survey, agreed: “Financial professionals feel that having a poor economy and threats hanging over them is not a good sign.” Northern European cities with strong banks including Stockholm, ... See all stories on this topic » | ||
African Development Bank Commits US$7.5 Million to Support IMF Capacity ... India Infoline.com Demand for IMF technical assistance has risen in light of the global economic and financial crisis, but also because countries are seeking to strengthen their institutions. At the same time, the Fund is moving forward with a broad range of measures to ... See all stories on this topic » | ||
Japanese Stocks Drop to Two-Year Low as Europe Delays Greece Aid BusinessWeek “There's concern that Europe's debt crisis will spread to the financial system and we'll see LehmanCrisis Part II,” said Takashi Hiroki, chief strategist at Monex Securities in Tokyo. “Stocks are falling as concern builds that the global economy is ... See all stories on this topic » | ||
Bets on Bernanke Return 28% for Treasuries as Twist Divides BusinessWeek Treasuries due in 10 or more years have returned 28 percent in 2011, exceeding the 24.4 percent gain in all of 2008 during worst financial crisis since the Great Depression, according to Bank of America Merrill Lynch indexes. ... See all stories on this topic » | ||
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SMEs brace for double whammy as credit crunch returns EurActiv The Bank of China's decision to halt on foreign exchange swaps with several European banks, as well as the ECB's money market operations, were the latest signs that debt and economic woes are spreading to the financial sector. ... See all stories on this topic » | ||
Gambling on our financial future The Guardian Isn't this a better option that giving our banks another £250bn through quantitative easing? • Becauseeconomic crisis management has substituted technocratic policy fiddling for bold political vision (As Beveridge said: in a crisis, be revolutionary, ... See all stories on this topic » | ||
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Euro Weakens On Worries About Sovereign Debt Crisis RTT News At the meeting in Washington, IMF has warned that if the debt crisis spreads to other Eurozone countries, it may not have enough money to bail out larger eurozone countries. US Treasury Secretary Timothy F. Geithner warned at the meeting that the ... See all stories on this topic » | ||
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Tax wars: A fight worth billions Financial Times Other financial firms participated in structured finance deals. Barclays is presented in court files as the pivotal marketer of Stars to the US banks. Court documents show Barclays at times worked with the global auditing firm, KPMG. In one case KPMG, ... See all stories on this topic » | ||
Central Bankers the Only Defense Against Apocalypse: Economist CNBC.com “We have moved forward over the weekend with talk of leveraging the European Financial Stability Fund and more from the ECB,” said Holger Schmieding, the Chief Economist at Berenberg Bank in an interview with CNBC on Monday. ... See all stories on this topic » | ||
Bahrain Hires Citi, BNP, Standard Chartered for $1 Billion Sukuk BusinessWeek The island-kingdom, home to the US fifth fleet, will use the money to finance a budget deficit of about 5 percent of gross domestic product, Central Bank Governor Rasheed al-Maraj said in an interview yesterday in Washington. Maraj said he will seek to ... See all stories on this topic » | ||
Wayne Swan hopes for the best, fears worst, as world faces its debts The Australian That response seems likely to include a much greater willingness to pay up to establish a financialfirewall around Greece and some of the more precarious countries in the eurozone as well as recapitalising the banks. This seems to include the idea of ... See all stories on this topic » | ||
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Review: Ron Suskind's <i>Confidence Men</i> Huffington Post (blog) And there is a perspective from which Obama administration economic policy has been a considerable success. The banking system collapse was averted. The spike of the unemployment rate to 15% or higher was averted. Obama passed a pretty good financial ... See all stories on this topic » | ||
Top Investors Back British Manufacturing as Banks Pay the Price of the Credit ... Sacramento Bee Cautious backing for the banking industry - following the credit crunch top fund managers are backing 'safer' banks such as Barclays and HSBC, which emerged relatively unscathed from thebanking crisis, as well as International Personal Finance, ... See all stories on this topic » | ||
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Sharemarket recovers from two-year low, Opposition calls for rate cut: Midday ... SmartCompany.com.au The European Union vowed to "do whatever is necessary to resolve the euro-area sovereign debtcrisis and ensure the financial stability of the euro-area as a whole and its member states". TheIMF's policy board also pledged to “restore confidence and ... See all stories on this topic » | ||
Current situation is more serious than 2008 crisis: Adrian Mowat, JP Morgan Economic Times That is a significant story, a story of counterparty risk in the broader economy rather than justfinancial economy and then finally we have a story of inflation, too much growth in the emerging world. We have stubbornly high inflation in India. ... See all stories on this topic » | ||
International Forecaster September 2011 (#7) - Gold, Silver, Economy + More Gold Seek In plain English the banks are broke. As we reported earlier regarding the secret EU report leaded by German finance minister Schäuble, the ECB says the bailout fund needs at least $1 trillion due to the deepening Greek crisis. ... See all stories on this topic » |
IMF Promotes Coordinated Action to Prevent Global Financial Crisis ... Inside VOA | Contact VOA News ... He warned the IMF may not have enough money to deal with an increasing demand for aid. ... On Friday, Lagarde said the global economy is in the grip of a "crisisof confidence" and urged ... The comments come as finance ministers and central bankers from around the world gather in ... www.voanews.com/.../IMF-Promotes-Coordinated-Action-to-P... |
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