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

Canada rightly said `no' to the IMF: Kent Toronto Sun All members (bar the US) backed the IMF's Christine Lagarde's effort to raise more than $400-billion (US) to build a financial buffer against the threat posed by the seemingly endless Eurozone debt crisis. Flaherty's reason for denying the IMF's plea ... See all stories on this topic »

In Spain, spike in jobless rate intensifies crisis Washington Post “Spain is in a crisis of enormous magnitude.” Spain has recently moved to the center of the financial crisis that has rocked Europe in the past two years. The deepening of Spain's economic problems raises new doubts about whether the government can ... See all stories on this topic »

How Europe is "Unfixing" Its Problems Barron's In absolute levels, the countries' economies have not yet recovered from the 2008-09 global downturn and financial crisis. They are contracting again. By these simple metrics, the programs are "unfixing" troubled Europeaneconomies rather than "fixing" ... See all stories on this topic »

Sri Lanka credit ceilings not proposed by IMF Lanka Business Online He was questioned by a senior economist at an economic forum on whether the IMF supported an 18 percent credit ceiling imposed on banks for 2012. Mathai said that that IMF was happy at the commitment shown by authorities to tackle the balance of ... See all stories on this topic »

Greek Banks Could Nix Loans to Ship Owners Greek Reporter By Andy Dabilis on April 27, 2012 in Economy, News, Politics ATHENS – Greece's shipping industry, which pays no income taxes to its homeland, may find it difficult to get more financingfrom Greek banks because of the economic crisis that has created a ... See all stories on this topic » Greek Reporter

Vulnerable banks under the spotlight Financial Times That was his comment on “terrible” new unemployment figures showing that nearly one in four Spaniards was without a job and confirming that Spain was suffering an “enormous” crisis. Yet Spain- the fourth-largest economy in the eurozone after Germany,... See all stories on this topic » Financial Times

Breakout Nations, By Ruchir Sharma The Independent The story hits the headlines every day. How China has become the world's second largest economy. How Tata of India has rescued Jaguar Land-Rover. How Russian money has transformed British football. And so on. It is a story of a shift of power away from ... See all stories on this topic »

Only Germany can save Europe Sunday's Zaman The crisis in the eurozone is rearing its ugly head again. European markets tumbled early this week in what one investor called a "perfect storm" of badeconomic news, dragging the US stock market down with it. And the fundamentals of many European ... See all stories on this topic »

Republicans: “Don't Make Us Into Europe!” Lez Get Real Their message was based on the idea that Europe is socialist, socialist policies created the EU's economic crisis and we must avoid becoming socialist. But the reality in Europe is a group of right wing and center-right governments that have been ... See all stories on this topic »

External resources well below budgetary targets Business Recorder (blog) According to data released for the first six months of the current fiscal year on the Ministry of Finance website in the context of the Poverty Reduction Strategy Paper (PRSP), external resource inflows have been well below budgetary expectations. See all stories on this topic »

Hard times: Greece on the breadline Irish Times Yanni borrowed money to invest in property for his old age, but he got caught in the collapse. He lost almost everything, including his savings. When he could not make the repayments on his loans, the bank seized the properties. See all stories on this topic » Irish Times

Jill Kerby: The need for debt write-downs Kilkenny People Suffice to say that prosperous, Lutheran Norway has both a greater tradition of social solidarity that Celtic, Catholic Ireland, where it tends to carry more weight in good economic times and boom years than it does during deep financialrecession. See all stories on this topic »

IMF chief seeks fresh funds for poor countries Spanish economy in "huge crisis" after credit downgrade ... "We need moremoney in that trust if we want to finance concessional loans for the low-income ... www.reuters.com/.../us-imf-africa-idUSBRE83L0E820120422

Lagarde: IMF has its ' Washington moment ' - CNN Money ... in emergency loans since the global financial crisis struck in 2007, including a ... The push to increase IMF resources comes as the globaleconomy faces ... money.cnn.com/2012/04/21/markets/imf-firewall/index.htm

Agreement on a Global Firewall, but Little Beyond That The International Monetary Fund won significant pledges this weekend, but... on how to speed up the economic recovery or stamp out the European debtcrisis. ... WASHINGTON — Meetings of finance ministers and central bankers here over the ... in new loans because of the combined effects of the sovereign debt crisis in ... www.nytimes.com/.../agreement-on-a-global-firewall-but-little...

IMF Head Upbeat After Spring Meetings The head of the International Monetary Fund is upbeat as spring financemeetings in Washington come to a close, with more money for the lending ... in emergency loans since a global financial crisis hit in 2007, including the largest program in ... Another European economy, which is much bigger, Spain, is currently facing ... www.voanews.com/.../IMF-Head-Upbeat-After-Spring-Meetin...

BBC NEWS - IMF doubles its lending firepower The money is to help economies in trouble and includes just under £10bn ...fund's firepower which threatened to become overwhelmed by the eurozonecrisis. ... All UK loans to the IMF are financed from the UK's Official Reserves, remain UK ... m.bbc.co.uk/news/business-17790831

WSJ: IMF Creates 'Global Firewall' Against Financial Crisis - Money ... The world's top finance officials has agreed to boost their shared financialfirepower ... the moment to a gathering during the global economic crisis in early 2009. ... The euro zone already accounts for a disproportionate share ofIMF loans after ... www.zawya.com/story/Global_firewall-ZW20120421000007/

ECB officials resist nudge from IMF, US to do more - Yahoo! Finance Weidmann: Central bank can't fix euro crisis with loose money, says deficits must ... the International Monetary Fund, which loans money to countries infinancial ... the crisis," he said in the text of a speech before Economic Club of New York. finance.yahoo.com/.../ecb-officials-resist-nudge-imf-1656510...

NewsDaily: IMF chief seeks fresh funds for poor countries Two days after the IMF secured $430 billion to deal with economic spillovers from Europe's debt crisis, IMF Managing Director Christine Lagarde ... "We need more money in that trust if we want to finance concessional loans for the low-income ... www.newsdaily.com/stories/bre83l0e8-us-imf-africa/

Debt crisis: Japan pledges $60bn to boost IMF war chest - Telegraph Japan has committed $60bn (£37bn) in new loans to the International Monetary... on new IMF funding at meetings this week of the institution and G20financial ... not need as much money as it had thought because economicrisks had waned. www.telegraph.co.uk/.../Debt-crisis-Japan-pledges-60bn-to-bo...

IMF gets hundreds of billions more for emergency loans - Bulgaria ... Nations around the world are pledging more money for emergency loans to help ... of the International Monetary Fund cope with any new economic crisis. ... Bank Governors and Finance Ministers from the world's 20 leadingeconomies. sofiaecho.com/.../1812386_imf-gets-hundreds-of-billions-mor...

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