Today: FINANCIAL News, Money, Banks, Economic and Financial Crisis, Mar 31, 2012

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Mar 31, 2012

FINANCIAL News, Money, Banks, Economic and Financial Crisis, Mar 31, 2012

Europe Eyes Bigger IMF War Chest as Firewall Tops $1 Tril
Bloomberg
“Europe is aware of its responsibility for the international economy,” GermanFinance Minister Wolfgang Schaeuble told reporters today after a two-day meeting of European finance officials in Copenhagen. “If the IMF takes precautions to prevent ...
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Europe Eyes Bigger IMF War Chest as Firewall Reaches $1 Trillion
San Francisco Chronicle
March 31 (Bloomberg) -- European governments called for a bigger globalfinancial emergency fund after engineering a firewall to fight the region's debtcrisis that tops the symbolic $1 trillion mark. Euro-area finance ministers decided yesterday in ...
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Eurozone boosts financial buffers to $1.1 trillion
BusinessWeek
The International Monetary Fund and others have been calling for a financial"firewall" of more than (EURO)1 trillion ($1.3 trillion) -- just in case the vulnerable economies of Spain and Italy needed assistance. On Friday, IMFmanaging director ...
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Euro zone agrees to boost rescue capacity
Firstpost
by F wire Mar 31, 2012 COPENHAGEN (Reuters) – Euro zonefinance ministers agreed on F riday to increase their financialfirewall to 700 billion euros to ward off a new flare-up of Europe's sovereign debt crisis, drawing a positive initial reaction from ...
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Firstpost
Eurozone nations to increase bailout capacity to 700 bn
Firstpost
Eurozone finance ministers agreed on Friday to increase theirfinancial firewall to 700 billion euros to ward off a new flare-up of Europe's sovereign debt crisis, drawing a positive initial reaction from G20 partners and markets.
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Firstpost
Europe sets aside $1.1 trillion
STLtoday.com
About $400 billion in loans have already been used to bail out Greece, Ireland and Portugal. The International Monetary Fund and others have been calling for a financial "firewall" of more than $1.3 trillion — just in case the much largereconomies of ...
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Austerity for Some, $1 Trillion Dollars for Others, The 2 Sides of Europe
International Business Times
By Paul A. Ebeling, Jnr. The 17 EuroZone member countries agreed to build an 800-B Euro (about US$1.1-T) financial firewall against the current debt crisis,finance ministers said Friday. "All together the euro area is mobilizing an overall firewall of ...
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IMF ready, willing… & still waiting
Budapest Times
The government's flagship “flat tax” at 16 per cent – a boon for high earners but offering little or no benefit to those earning an average salary or less – poses a threat to economic growth, she said. Iryna Ivaschenko, IMF Resident Representative in ...
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Budapest Times
EURO ZONE TO BOOST KEY RESCUE CAPACITY
Gulf Daily News
COPENHAGEN: Euro zone finance ministers agreed yesterday to increase their financial firewall to 700 billion euros ($933.7bn) to ward off a new flare-up of Europe's sovereign debt crisis, drawing a positive initial reaction from markets and G20 ...
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Eurozone ministers agree to boost rescue fund by 500 billion euros
The Daily Star
COPENHAGEN: Eurozone finance ministers agreed Friday to raise their financial firewall to prevent a new flare-up of Europe's sovereign debt crisis, but it was unclear if markets and Europe's G-20 partners would see the boost as sufficient.
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The Daily Star
Euro zone gets $670-billion in new bailout funds
Globe and Mail
The euro zone has been under pressure to build a strong defense against further financial problems among its members. International institutions like the International Monetary Fund and the Organization for Economic Cooperation and Development had been ...
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Globe and Mail
Bernanke Says Financial Stability Council Will Prevent Another Meltdown
Forbes
Gail Fosler, President of the Conference Board, told me in March, 2007; “This is a bubble which could be as large or larger as the financial crisis we saw in the late 1990s.” Gary Schinasi, an IMF economist, warned me that ” There could be a tsunami of ...
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Ministers agree euro firewall of €800m
Irish Times
EURO ZONE finance ministers have struck a long-awaited deal to reinforce their anti-crisis “firewall”, temporarily combining their bailout funds to give a total lending capacity of €800 billion. The agreement is designed to quell market doubt about ...
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Eurozone agrees to boost debt rescue capacity
Gulf Times
Eurozone finance ministers agreed yesterday to increase their financialfirewall to €700bn to ward off a new flare-up of Europe's sovereign debt crisis, drawing a positive initial reaction from markets and G20 partners. The 17-nation currency area ...
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Eurozone likely to almost double size of bailout funds
Hurriyet Daily News (press release)
French Finance Minister Francois Baroin said the decision gave Europe a stronger hand to persuade other major economies to increase the International Monetary Fund's (IMF) resources to fight contagion from the euro crisis if necessary.
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Hurriyet Daily News (press release)
Eurozone leaders boost region's 'firewall' to €800bn
Business Spectator
In addition were €200 billion in committed loans to Greece, Ireland and Portugal, carried over from the ESM's predecessor, the European FinancialStability Mechanism. Also added were existing bilateral loans to Greece, and more bailout money for ...
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Spanish draconian cuts; Bailout topped at €700B... temporarily
FXstreet.com
by Mauricio Carrillo - FXstreet.com | View company's profile The Eurozonefinance ministers have agreed to increase the size of the firewall designed to contain the spread of the region's debt crisis at €700 billion. Previous rumours this week talked ...
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Ahead of elections, Greek PM warns switch to drachma would be 'devastating'
CanadianBusiness.com
By AP | March 30, 2012 ATHENS, Greece - Greece's prime minister warned that a return to the country's pre-euro currency, the drachma, would be "devastating" for the economy. Lucas Papademos told the Italian newspaper Il Sole 24 Ore in an interview ...
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News Analysis: Bigger firewall signals eurozone stability, no substitute for ...
Shanghai Daily (subscription)
"The stability and integrity of the Economic and Monetary Union have required swift and vigorous measures," said the eurozone finance ministers in a joint statement. "Robust firewalls have been established," they added, saying the common currency ...
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Eurozone countries agree to boost firewall to 800 bln euros
CCFGroup.com (subscription)
COPENHAGEN, March 30 (Xinhua) -- The 17 eurozone member countries agreed to build an 800-billion-euro (about 1.1 trillion US dollars) financialfirewall against the current debt crisis, finance ministers said Friday. "All together the euro area is ...
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Economics: Bank loans, credit crisis, international monetary fund, fiat ...
international monetary fund, fiat money, credit crisis: I can and will respond further, but ... In the loans that the Troika constituted by the European Central Bank, ... http://www.amazon.com/The-Origin-Financial-Crises-Efficient/dp/ 0307473457/ ...
en.allexperts.com/q/Economics.../bank-loans-credit-crisis.htm
Debt Hangover: Nonperforming Loans in ... - iMFdirect – The IMF Blog
It's been three years since the global economic crisis put an abrupt end to ...loan resolution brought new losses to the fore, financial stability would not be...
blog-imfdirect.imf.org/.../debt-hangover-nonperforming-loans...

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