CEE MONEY-Hungary's neighbours cool to crisis plan for banks Reuters * Hungarian proposal for regional crisis plan gets cool reception * Czechs say strong banking sector needs no outside help * Poles cite IMF credit line, pension reform, as shields By Michael Winfrey PRAGUE, June 8 (Reuters) - In an echo of four years ... See all stories on this topic » | ||
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Statement by the IMF Mission to Macedonia (Text) BusinessWeek The absence of significant imbalances in the Macedonian economy and limited external financiallinkages will help to contain the impact on Macedonia of weak growth and financial stress in the euro area. Meanwhile, inflation peaked at 3.9 percent on ... See all stories on this topic » | ||
Canada, US urge eurozone to get a grip on financial crisis Ottawa Citizen Handling the eurozone crisis resides primarily with Europe's leaders, and their political commitment will be a “strong step” toward a solution, he said, suggesting the US response to the 2008-2009economic and financial crisis should inspire them. See all stories on this topic » | ||
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Pressed to Take Bailout, Spain Tries to Measure Its Need New York Times MADRID — Spain appears poised to seek a bailout of its ailing banks, a long-anticipated acknowledgment by the government of Prime Minister Mariano Rajoy of the depths of Spain'seconomic crisis. The only questions might be when, and how much. See all stories on this topic » | ||
Spanish bailout could reach 100 bln euros - sources Reuters * Euro zone finance ministers hold conference call Saturday * Statement expected afterwards on Spanish aid request * Upper limit seen at 100 billion euros - source * IMF advises seeking well over 40 billion euros By Jan Strupczewski and Luke Baker ... See all stories on this topic » | ||
Spain poised to request EU bank aid Saturday Reuters India The dramatic development comes after Fitch Ratings cut Madrid's sovereign credit rating by three notches to BBB on Thursday, highlighting the Spanish banking sector's exposure to bad propertyloans and to contagion from Greece's debt crisis. See all stories on this topic » | ||
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Spanish pain intensifies The Australian Spanish banks will need to set aside an additional €37 billion ($46.9 billion) to cover possible losses in an adverse economic scenario according to a report due to be presented by the International Monetary Fund (IMF) on Monday, a person close to the ... See all stories on this topic » | ||
EgyptÃs Looming Fiscal Crisis Middle East Online Given the sorry state of the post-Mubarak economy and the deep financial woes of the past 16 monthsócompounded by the political unrest and uncertainty likely to persist even after the inaugurationóthis will be a daunting task. On June 4, the government ... See all stories on this topic » | ||
IMF report to show Spanish banks need 40 bln aid Reuters * IMF report-40 billion euros needed for Spanish banks * IMF report-90 billion needed to clean up entire sector * Separate, independent audit expected before end of month * EU official cautions size of rescue still moving target By Jesús Aguado and ... See all stories on this topic » | ||
IMF report to show Spanish banks need $50 billion aid Reuters MADRID (Reuters) - An International Monetary Fund report on Spanish banks will show the country's troubled lenders need a cash injection of at least 40 billion euros ($50 billion), sources in the financialsector said on Thursday. See all stories on this topic » | ||
Spain bailout bid expected Bangkok Post Spain is moving closer to becoming the fourth euro zone nation to receive aid, amid an IMF report that its feeble banks need at least 37 billion euros (US$46 billion). A protester holds a placard reading "Bankers get fat with our money" during a ... See all stories on this topic » | ||
Spanish bailout could reach 100 bln euros: sources Reuters India Spain has not yet made a formal request for European aid but it could come during a conference call of euro zone finance ministers, the sources, who were both on an earlier call to discuss the technicalities of a rescue, said. "A decision on Spain will ... See all stories on this topic » | ||
Spanish government no longer in denial Financial Times The planned Spanish request, first reported by Reuters, would be the start of at least a limited bailout for the eurozone's fourth-largest economy and mark a new phase in a continent-wide crisis triggered four years ago by the collapse of Lehman ... See all stories on this topic » | ||
Eurozone Crisis: How Greece's Actions Will Impact Europe for Years AlterNet The Greek crisis is fundamentally the result of its membership of the eurozone. Greece is paying the price for a belief in the ancient fallacy that possessing “hard” money puts a weak economy on a par with the strong. In reality, “hard” money is more ... See all stories on this topic » | ||
Egypt's Brotherhood looks to private sector to boost economy Reuters By Patrick Werr | CAIRO (Reuters) - Egypt's Muslim Brotherhood has drawn up a strongly free-marketeconomic plan and pledges to move fast to negotiate a loan from the International Monetary Fund (IMF) if it forms a government after this month's ... See all stories on this topic » | ||
Spain in eurozone crisis cross-hairs CNN International The movement was formed to protest against the economic crisis and high unemployment. Protesters with Spain's Indignant movement attend a rally at Puerta del Sol on May 15, 2012 in Madrid, Spain. The movement was formed to protest against the economic ... See all stories on this topic » | ||
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Your Complete Guide To The Crisis Going On In Spain Yahoo!7 News Crushed underneath the weight of non-performing real estate loans and an increasing number of other troubled assets, Spanish banks are teetering on the edge of collapse. And with market pressures mounting from all sides, the challenge for the Spanish ... See all stories on this topic » | ||
ECB dashes hopes of more cheap loans Financial Post FRANKFURT — The European Central Bank put the onus firmly on eurozone governments to solve the bloc's debt crisis, dashing expectations it could take near-term action despite saying the currency area's economy was under increasing threat. See all stories on this topic » | ||
Skopje 2014 Forges Ahead Despite Macedonian Crisis - Analysis Eurasia Review But the Finance Ministry has not revealed further details about the financing of the project, or about how it is raising funds for it at a time of dire crisis across Europe that is hitting the domesticeconomy as well. Economists doubt that tax money ... See all stories on this topic » | ||
Spanish leader gives up no-bank bailout mantra BusinessWeek Spanish Prime Minister Mariano Rajoy said he would wait for the results of an IMF report next week and then two independent audits before announcing how much the banking sector might need for recapitalization. But for what seemed to the first time in ... See all stories on this topic » | ||
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Yemen donors running out of time to stem crisis Reuters WATER, FUEL SHORTAGES The IMF, which resumed lending to Yemen in April, approving the payment of a $93.7 million loan to help address a worsening balance of payments deficit, predicts the Yemeni economy will shrink by 0.9 percent this year. See all stories on this topic » | ||
Cap powers sound alarm Money Marketing Last month, the International Monetary Fund called for the Bank of England's Financial Policy Committee to be given extra powers to prevent another housing bubble. In an analysis on the UKeconomy, the IMF said the FPC's request to have the power to ... See all stories on this topic » | ||
EU, Germany exploring Spanish rescue, no request yet Reuters The move raised pressure on EU political leaders to outline a solution to the bloc's festering debtcrisis at a summit later this month, which is being watched closely in the United States and other global powers anxious about a sluggish world economy. See all stories on this topic » | ||
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Finance & Development, June 2012 - Back to Basics: What Are ... UNTIL problems surfaced during the global financial crisis, money markets ... of deposit; interbankloans (loans between banks); money market mutual funds; ... www.imf.org/external/pubs/ft/fandd/2012/06/basics.htm |
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