 Wall Street Journal The IMF said prospects for a recovery in Germany are favorable, but the outlook is clouded by risks from the debt crisis. Berlin's top priorities should be spurring domestic-led growth, securing financial stability and helping to address the challenges ... See all stories on this topic » | ||
| Statement by the IMF Mission to Germany (Text) BusinessWeek In our view, the main risk facing Germany is an intensification of the euro areacrisis, which would spill over into Germany directly through real and financialchannels, and indirectly through dampened business and consumer sentiment. See all stories on this topic » | ||
| IMF: Swiss National Bank Currency Floor Target 'Appropriate' Wall Street Journal Next year, the IMF expects the economy to expand by 1.7%. Fund staff said the Swiss economy is fundamentally strong, but faces ongoing headwinds from the euro debt crisis and a strong currency. Those dynamics have created deflationary pressures and ... See all stories on this topic » | ||
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| Government Silent On Economy Crisis AllAfrica.com By withdrawing its support, the IMF makes it almost impossible for Swaziland to raise loans from the World Bank or the African Development Bank to helpfinance its way out of trouble until it can get the economy back on its feet. See all stories on this topic » | ||
| IMF report 'certification' of economy's strong recovery – Tonio Fenech MaltaToday "The IMF estimate is tempered by the effects of a possible spillover from the euro-area's own crisis," the minister said. Fenech also said the government, through the Central Bank and the Malta Financial Services Authority had recommended higher ... See all stories on this topic » | ||
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| Nordic Outlook: Shift in crisis strategy and bail-out for Spain Reuters The contribution of central banks to the new strategy will be to continue near-zero interest rates, let their balance sheets grow a little more and be on stand-by to provide new loans in order to guarantee the liquidity of the financialsystem. See all stories on this topic » | ||
| Updated - Fenech welcomes IMF report on Malta - banks to contribute more to ... Times of Malta Finance Minister Tonio Fenech this morning welcomed the IMF's latest country report on Malta, saying it showed that Malta was heading in the right direction and had performed well in the recession. Speaking at a press conference, he noted that ... See all stories on this topic » | ||
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| Greece, EuroCrisis and Deleveraging International Business Times The default in Greece was one of the worst moments since the 2008 financial crisis, part of the European Union defaulted on their debt and with the help of the ECB, World Bank and IMF strong armed bond holders in to accepting massive write offs. See all stories on this topic » | ||
| Spain hopes for fourth time lucky with bank reform Reuters Spanish banks have effectively become the country's biggest real estate agents after a devastating property crash in 2008, and investors fear losses could strain the public finances, dragging the country further into the euro zone debt crisis. See all stories on this topic » | ||
| G-20 Must Support Inclusive Green Growth Globally: Gordon Brown, Eric Schmidt ... Huffington Post This retreat -- when there is still not a common growth policy or minimum common financial regulation for stability - is inviting the next crisis. Nontheless, there has been progress. Europe has bought time by bolstering its stability mechanisms to ... See all stories on this topic » | ||
| Shares edge up as Spanish bank hopes soothe nerves CNBC.com European shares will likely be mixed, with financial spreadbetters predicting that major European markets <.FTSE> <.FCHI> <.GDAXI> would open between a 0.2 percent drop and a 0.3 percent rise. US stock futures were down 0.1 percent. <.EU> <.L> <. See all stories on this topic » | ||
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| Leftist Leader in Greece Rules Out Coalition With Incumbents Pittsburgh Post Gazette By RACHEL DONADIO and NIKI KITSANTONIS / The New York Times ATHENS -- Greece's post-election political and economic chaos deepened on Tuesday, when the leader of a leftist anti-austerity party that gained in the balloting ruled out a coalition with the ... See all stories on this topic » | ||
| NEWS FEATURE: Spain may embark on risky bank rescue with public money Chicago Tribune MADRID — Spain keeps repeating that it will not pump any more public money into its ailing banks, but the likelihood of that happening is growing by the day. If using public money "were necessary to save the financial system, I would not renounce" ... See all stories on this topic » | ||
| Stocks slump as Greek crisis deepens The Age "This really just prolongs the possibility of recovery because now there is going to be a political debate about what's the best way to proceed," said David Joy, chief market strategist at Ameriprise Financial in Boston, speaking of recent elections in ... See all stories on this topic » | ||
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| What happens next if Ireland votes... Irish Times NO: “Pointing out that the granting of financial assistance in the framework of new programmes under the European Stability Mechanism will be conditional ... on the ratification of this Treaty by the Contracting Party concerned . See all stories on this topic » | ||
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| Advancing rebalancing in Asia BusinessWorld Online Edition So far, stronger economic and policy fundamentals have helped buffer Asianeconomies against the global financial crisis, including by limiting adversefinancial market spillovers and ameliorating the impact of deleveraging by European banks. See all stories on this topic » | ||
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| A Cautious Celebration for Kim Huffington Post (blog) Let's not linger, right now, on the lack of a fair vote between countries for leadership of either the Bank or the IMF. Let's not ask again, at least until tomorrow, how the bilateral donors of Europe and US can square their lock on these roles with ... See all stories on this topic » | ||
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| EU leaders want to signal that they are addressing the euro's design flaws Irish Times Neither does it tackle grave lapses in financial regulation which helped to spur property bubbles and, inexorably, the banking crash. Nor does it confront the competitiveness gap between prosperous and poorer countries. These are dealt with in other ... See all stories on this topic » | ||
| EUROPEAN OPENING NEWS INCLUDING: The continuing Euro-zone crisis is one of the ... Proactive Investors UK (RANsquawk) Japan's finance minister Azumi has said it is possible the national government will enact the sales tax bill during the current session, set to conclude on June 21st. (Sources) Azumi also commented that he is convinced Japanese economic ... See all stories on this topic » | ||
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| FOREX-Political uncertainty leaves euro vulnerable Reuters Meanwhile, Socialist French president-elect Francois Hollande has advocated an approach to tackling the debt crisis centred more on growth, which may create tensions with Germany's insistence on fiscal austerity. However, the euro stayed above the ... See all stories on this topic » | ||
| EUROPEAN OPENING NEWS INCLUDING: German finance minister Schaeuble has backed ... Proactive Investors UK The risk off tone could add an interesting twist to next week's Treasury debt auctions, which will see US government debt post a seventh consecutive weekly gain, the longest streak since the financial crisis. At the pit close, t-notes settled at 132.20 ... See all stories on this topic » | ||
| Few options for EU Financial Post Sarkozy's loss signals the obstreperous French electorate's rejection of post-crisis fiscal austerity measures, measures set in motion by Sarkozy and which, for the most part, they have yet to experience. Perhaps more than that, the result signals ... See all stories on this topic » | ||
| Left-wing leader rejects Greek austerity pledge DailyFinance Greece has depended on rescue loans from its European partners and the International Monetary Fund since May 2010, after decades of profligate state spending and poor financial management priced it out of money-lending markets. To secure the bailouts, ... See all stories on this topic » | ||
| "Austerity" is now a dirty word in Europe CBS News The EU leaders booted by the financial crisis Just who is Francois Hollande?IMF chief warns against steep budget cuts Economists said that while the anti-austerity winds are bound to stir up short-term political instability, especially in Greece, ... See all stories on this topic » | ||
| Add Hollandaise sauce The Economist (blog) But with the onset of the euro zone's debt crisis in 2010 the response has been to try to make them even stiffer. At Germany's insistence, the euro zone first gave the commission more powers to monitor and enforce deficit limits, including the threat ... See all stories on this topic » | ||
| Russia tightens Ukraine bonds Asia Times Online Negotiations for Ukraine to issue rouble-denominated government bonds are underway between Ukraine and Russia's central banks, Gazprom and the two countries' finance ministries. The bonds would be purchased by Russianbanks active in the Ukrainian ... See all stories on this topic » | ||
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| Finance Bill: Full text of Pranab Mukherjee's speech in Parliament The Asian Age In the firewall built by the European countries themselves, by the EuropeanBank, and in IMF's $600 billion firewall, India also has a contribution. Emergingeconomies' contribution is in question because of the package which has been prescribed to ... See all stories on this topic » | ||
| GLOBAL MARKETS-Euro, stocks fall on Greek commitment worries Reuters The results of elections in Greece and France, in which voters soundly rejected austerity measures, heightened the uncertainty of the path ahead for the euro zone debt crisis. Most European equity markets fell and Wall Street, which showed resilience ... See all stories on this topic » |
| Regional Economic Outlook: Asia and Pacific - Managing Spillovers ... Download Full Text. World Economic and Financial Surveys ... www.imf.org/external/pubs/ft/reo/2012/APD/.../areo0412.htm |
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