 Reuters She repeated her call for European countries to recapitalise their banks. Geithner holds talks with EU ministers in Poland and will propose that the European Financial Stability Fund, the 440 billion euro fund set up in May 2010, be used in a similar ... See all stories on this topic » | ||
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| IMF chief warns of dangerous new phase ABC Online The warning came as major central banks acted to provide a financial lifeline to commercial banksin Europe to prevent a new credit freeze. BRENDAN TREMBATH: The head of the International Monetary Fund has warned that the economic crisis gripping ... See all stories on this topic » | ||
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| Central banks join forces to tackle debt crisis Sydney Morning Herald "The sovereign debt crisis has worsened, and the financial market turmoil is set to dampen the realeconomy," Rehn said. The European Commission said weakening global demand and trade over the summer, and signs that the recovery lost steam in the ... See all stories on this topic » | ||
| Swan backs IMF boss's tough rhetoric Sydney Morning Herald Commonwealth Bank economists in their weekly outlook expect the central bank's biannualfinancial stability review, to be released on Friday, will likely have a "significant focus" on the European banking and sovereign situation. See all stories on this topic » | ||
| Greek Crisis Threatens EU, And Perhaps US NPR CONAN: And interesting, this happens to be the third anniversary of the collapse of Lehman Brothers, which triggered the financial crisis just before the presidential election. I think everybody's going to remember that. And the new president of the ... See all stories on this topic » | ||
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| Eurozone crisis brings economy to standstill, says EU on eve of talks Gulf Times In this way, a little bit of public money leveraged a much larger central bank contribution and the same idea could work for the European Financial Stability Facility, which has €440bn at its disposal, to offer credit protection to, for example, ... See all stories on this topic » | ||
| Gold falls on European financial support plan The Associated Press Gold prices fell sharply Thursday after five of the world's top central banks made a joint effort to support European banks in a move designed to ease worries about the region's debt crisis. The US Federal Reserve, the European Central Bank and three ... See all stories on this topic » | ||
| Fed pledges lending to European banks Chicago Sun-Times Their move to supply more dollars is similar to steps taken during the 2008 financial crisis and again in May 2010. The news reassured stock markets, which have been battered by rumors thatbanks' losses on their loans to Greece might sink them. ... See all stories on this topic » | ||
| Warning of economic slowdown puts EU leaders under pressure Irish Times The slowdown in growth, which will make it more difficult to surmount the expanding crisis, comes as conditions worsen in financial markets. As finance ministers and central bank governors gathered last night in Poland for two days of talks, ... See all stories on this topic » | ||
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| Canadian Stocks Rise as ECB Offers Loans to Tame Credit Crisis BusinessWeek 15 (Bloomberg) -- Canadian stocks rose for a third day, led by financial and energy companies, on optimism that Europe is working to tame its debt crisis. Royal Bank of Canada, Canada's largest lender by assets, gained 3.2 percent after the European ... See all stories on this topic » | ||
| Federal Reserve helps bail out eurozone until year's end Examiner.com European Commission president Jose Manuel Barrosochimed in that the financial crisis in the eurozone was, “the most serious challenge of a generation,” and that, “This is a fight... for theeconomic and political future of Europe. ... See all stories on this topic » | ||
| Govt plans fiscal stimulus amid uncertainties in global economy Jakarta Post The United States'-led subprime mortgage crisis, which hit the world's financial sector in late 2008, also had a severe impact on global economic growth, including in Indonesia the following year. The country's economic growth slowed to 4.5 percent in ... See all stories on this topic » | ||
| Prolonged financial crisis in Europe 동아일보 If European banks in Germany and France that extended loans to them see greater losses, this will send shockwaves throughout the global economy. The three European countries -- Greece, Spain and Italy -- faced a financial crisis as a result of ... See all stories on this topic » | ||
| Vermont's Kettle Pond Institute pushes for financial reform Barre Montpelier Times Argus Bongiovanni described the spiraling of debt and interest payments as creating a “fog around themoney,” saying the hidden tax of interest rates is creating five classes of crises, including aneconomic crisis that affects wages, benefits and prices; ... See all stories on this topic » | ||
| Financial Crisis Affects Swazi Orphans, Vulnerable Children SOS Children's Villages Canada (press release) Further consultations between the IMF and Swaziland are expected to continue. Despite the challenges of the global economic crisis and its lingering effects, accelerated global progress toward meeting the Millennium Development Goals (MDGs) –including ... See all stories on this topic » | ||
| Financial services: Pool of skilled staff brings the big money companies Financial Times By the end of the 1980s, however, Bank of Scotland had taken a tighter grip on NWS, renaming it NWS Bank, and then Capital Bank. Lloyds Bank's rescue of Halifax Bank of Scotland (HBOS) at the height of the recent financial crisis led to further ... See all stories on this topic » | ||
| Commentary: Canadian strategist says debt will produce 'ugly' result MarketWatch Taking a page from the work of Carmen Reinhart and Kenneth Rogoff, Stephenson says thefinancial crisis first hit the private sector and then moved to the public arena as governments bailed out the banks to “save” the economy. “A buildup in government ... See all stories on this topic » | ||
| Nadine Chalmers-Ross: Bollard has precious little choice TVNZ We just haven't felt the effects of it because our banks haven't yet needed to get funding from them. Our banks have been forced to source more long-term funding and more of it locally from depositors since the Global Financial Crisis froze ... See all stories on this topic » | ||
| A “Rogue Trader” of Convenience Money Morning Australia Have central bankers figured out the perfect solution to fixing the global economy and financialsystem? “The world's main central banks took bold concerted action to pre-empt a looming dollar funding crisis in Europe, sparking a rally in Eurozone bank ... See all stories on this topic » | ||
| TARP Banks: Victims of Gambling? Zacks.com Most importantly, most of the economic indicators reflect that the worst of the financial crisis is now behind us. This was not because of some magic or miracle, but the last ditch effort in the form of TARP. However, the Treasury should clearly convey ... See all stories on this topic » | ||
| EU has monopoly concerns over DB/NYSE Futures Magazine Now, they fear that the fiscal and economic adjustments, and the huge amount of money used for the support of the financial sector, will not be the end of their sacrifices. And they don't blame only the banking community and their respective national ... See all stories on this topic » |
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