FINANCIAL News, Money, Banks, Economic and Financial Crisis, Jan 28, 2012

Davos 2012: as it happened, January 27, 2012 Telegraph.co.uk Photo: EPA/PA David Cameron has launched an attack on Europe for failing to deal with its "perilous" financial crisis, as he warned the euro doesn't have the qualities of a successful single currency. Over four decades, the annual WorldEconomic Forum ... See all stories on this topic » Telegraph.co.uk

Some G20 countries soften stance on Europe: sources Reuters Officials from the Group of 20 leading economies are engaged in what one called a 'chicken and egg' game as they work toward a possible deal on boosting the IMF's firepower at a meeting of the bloc's finance ministers and central bank governors in ... See all stories on this topic »

Deficit focus questioned as answer to euro crisis The Associated Press It's how the euro was set up in the first place, they say — one currency, but multiple government budgets, economies moving at different speeds and no central treasury or borrowing authority to back them up. Until those institutional flaws are tackled ... See all stories on this topic » The Associated Press

Ukrainian Journal: Ukraine fails in bid for IMF money Kyiv Post Ukraine's Prime Minister Mykola Azarov gestures as he sits in front of aneconomic diagram in Kiev on January 20, 2012, during a press conference for the results of the year 2011. Ukraine was one of the countries worst hit by the last financial crisis ... See all stories on this topic »

EU, IMF press Greece on reforms, Rehn upbeat on debt deal Reuters "We are one step away from completing the PSI (debt swap) deal," FinanceMinister Evangelos Venizelos said, adding that the country would announce the public offer to its bondholders by Feb. 15. EU economic and monetary affairs chief Olli Rehn also ... See all stories on this topic »

Fitch downgrades credit ratings of 5 eurozone nations, including Italy, Spain ... Washington Post This reflects growing investor confidence in those countries' economicpolicies and the impact of the European Central Bank's decision to loanhundreds of billions of euros to banks at very low rates. Some of that moneyhas been used to buy government ... See all stories on this topic »

Looming economic storm? Khaleej Times Two, the bulk of State bank reserves is borrowed money including roughly $ 8 billion from an IMF loan. Three, and more substantively, the calculation that the level of reserves will hold through the year rests on precarious ground. See all stories on this topic »

Fitch downgrades 5 eurozone nations STLtoday.com This reflects growing investor confidence in those countries' economicpolicies and the impact of the European Central Bank's decision to loanhundreds of billions of euros to banks at very low rates. Some of that moneyhas been used to buy government ... See all stories on this topic »

Investor optimism ruled by euro debt Reuters UK Despite the increased liquidity in financial markets, fears remain that the strong start in global asset markets could be put at risk. Hope is nonetheless rising that EU leaders are moving towards agreement on the key issues of how much money to put ... See all stories on this topic »

The Weekly Gold Digger! Inside Futures The US economic reports are clearly pointing to growth. The unemployment rate is now 8.5 %. The housing market is thought to have bottomed. Last month the European Central Bank (ECB) had outlaid about a half trillion euros in cheap three-year loans to ... See all stories on this topic »

Business briefs Vancouver Sun "Due to skilled labour shortages, warm weather hampering the use of heavy equipment, weak gas prices related to oversupply and the ongoing uncertainty created by the European economic debt crisis, we are seeing restricted capacity across the board," ... See all stories on this topic »

Recovering Dubiously From the Crash Inter Press Service It was the largest banking collapse ever in relation to the size of theeconomy. The protestors won, the government resigned, and a left-wing government consisting of the Left-Green Movement and the Social Democratic Alliance took over. See all stories on this topic »

News Radio Prague The centre-right Czech government on Wednesday approved a 1.5 billion euro loan to the IMF to help contain the debt crisis in the euro zone and gave conditional approval for the Czech Republic to join the emerging fiscal compact, a process that would ... See all stories on this topic »

Debt Audit 'Critical' for Future Transparency AllAfrica.com "At least US$750 million of debt came directly from structural adjustmentloans from the IMF, World Bank and African Development Bank which lowered economic growth and increased unemployment," reads the report by the three organisations. See all stories on this topic »

UAE economy set to grow 4% Zawya (registration) By Issac John The UAE economy is forecast to grow by at least four per cent in 2012, Economy Minister Sultan Al Mansouri said on Thursday. DUBAI -- The UAE economy is forecast to grow by at least four per cent in 2012,Economy Minister Sultan Al ... See all stories on this topic »

Oil Above $101 on Hopes IMF to Curb Europe Crisis - ABC News Oil rose above $101 a barrel Thursday in Asia after the IMF promised to raise lending to mitigate a worsening financial crisis in Europe. Stronger U.S. economic ... abcnews.go.com/.../oil-price-rises-signs-improving-us-econom...

  

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