 Reuters We don't have a mechanism (for that), not in Russia, not in China, not in India. We all have different ways of making decisions, we cannot syndicate our money." Any financial contribution to the IMFwould probably come with conditions. ... See all stories on this topic » | ||
| In Europe, bonds deemed risk-free fueled debt crisis, analysts say Washington Post Yet even as individual governments lost the power to pay off debts by printing money, the politics and regulations of the euro zone encouraged banks, insurance companies and other financial firms to load up on government bonds — and countries to issue ... See all stories on this topic » | ||
| IMF Chief: Government Debt Could Stifle Economic Recovery Voice of America Lagarde spoke as finance ministers and central bankers from the IMF's 187 member economies gathered for an annual meeting that also includes talks with the World Bank. She said low-income countries weathered the 2008 crisis better than some of their ... See all stories on this topic » | ||
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| Japan Says Ready To Help Europe Wall Street Journal Also during the first round of the global financial crisis, when the IMF looked like it might not have enough money, Japan stepped up with a $100 billion loan. That eventually led to other nations reaching deeply into their pockets too. ... See all stories on this topic » | ||
| G-20 Vows Action on Economy Wall Street Journal That approach is modeled on US efforts to use bailout money during the 2008-09 financial crisisthrough special lending programs, using capital from the US financial-sector rescue fund to back other funding and effectively make more money available to ... See all stories on this topic » | ||
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| Australia's banks able to cope with crisis: RBA Reuters "The stable outlook reflects our view that Australia's public finances will continue to withstand potential adverse financial and economic shocks, and our belief that the country's consensus in favor of prudent budgetary policies will remain in place," ... See all stories on this topic » | ||
| "Shadow Bank" Endangers Chinese Economy NTDTV Since the global financial crisis, many state owned businesses have been functioning as so called “shadow banks,” lending money to small businesses. These small businesses are unable to get loans from regular banks due to the tightening of economic ... See all stories on this topic » | ||
| President loses power to grant waivers The Nation Newspaper Besides, she said the financial sector has to improve creditor's right and expand credit information beyond the banks. “The judicial system, the Bankruptcy Act as well as the financial laws need to be reviewed to unlock credit to the private sector, ... See all stories on this topic » | ||
| Analysis: Greek austerity plan hinges on implementation Reuters In the short term, Finance Minister Evangelos Venizelos's plan, announced on Wednesday, will satisfy troika inspectors to win release of the 8 billion euro loan that Athens needs to pay its bills next month. However, it will also deepen uncertainty ... See all stories on this topic » | ||
| In the danger zone: rough ride ahead for shares Sydney Morning Herald The panic that took hold on Wall Street and European market overnight has been building not just for months but for three years and it now is obvious the financial crisis that began in late 2007 has merely shifted direction. For the past three years, ... See all stories on this topic » | ||
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| France's BNP, SocGen Beat Retreat as Europe Debt Crisis Deepens BusinessWeek In Italy, French financial companies spent at least 20 billion euros since 2006 to buy banking and insurance assets in the euro-area's third-largest economy. BNP Paribas and Credit Agricole bought two of Italy's 10 largest lenders. ... See all stories on this topic » | ||
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| Leaders demand action as markets crumble ABC Online That may disappoint investors already alarmed about the inability of policymakers to come together to tackle the world's economic problems as they did to fight the financial crisis of 2007-09. Investors flooded into the safe haven of US Treasury debt ... See all stories on this topic » | ||
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| Follow the Money: Behind the European Debt Crisis Lie More Bank Bailouts New Socialist Group It's why large firms, banks, and hedge funds have been pulling their money out of Euro banks. We are, in short, very close to seeing “World Financial Crisis: The Sequel,” a disaster with enormous implications. Yet, where is the investigative reporting ... See all stories on this topic » | ||
| Geithner certain euro zone will boost bailout fund Baltimore Sun Geithner traveled to Europe twice in the last two weeks to discuss dealing with the crisis. He suggested boosting the firepower of the euro zone bailout fund -- the European Financial Stability Facility (EFSF) -- through leveraging to EU finance ... See all stories on this topic » | ||
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| Economic crisis: new world, old maps The Guardian Under current economic conditions these measures would create the dictionary definition of "stagflation" (low or negative economic growth and high inflation). Printing money and handing it out to the financial sector, they just used it to pay down some ... See all stories on this topic » | ||
| African Markets - Factors to watch on Sept 23 Reuters EURO CRISIS World leaders and finance chiefs on Thursday pushed Europe to quell its debt crisisand big emerging economies said they might provide more money to help stop the chaos from spreading. GLOBAL MARKETS Asian stocks fell to a 16-month low and ... See all stories on this topic » | ||
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| Experts on Call: Global Crisis Boosts Demand for IMF Know-how International Monetary Fund Iceland: technical assistance from the IMF's Fiscal Affairs Department helped address key sources of fiscal risks revealed by the economic and financial crisis that started in 2008. Advice has focused principally on strengthening budget preparation, ... See all stories on this topic » | ||
| No need to nationalise Greek banks - EU task force Reuters "It would be desirable to support the banks themselves, such as with means from the euro rescue fund (European Financial Stability Facility) EFSF or with loans from the European InvestmentBank." Reichenbach heads a 25-member team that will draft ... See all stories on this topic » | ||
| German Banks, MILA Conference, Schapiro Grilled: Compliance Bloomberg Algirdas Semeta, the EU taxation commissioner, is scheduled to discuss the topic on Oct. 6 with the European Parliament's economic affairs committee. The tax would cover financial transactions involving stocks, bonds, derivatives, structured products ... See all stories on this topic » | ||
| Friday Look Ahead: Stocks are Likely to Take Another Run at the Summer's Lows CNBC.com Last weekend, European finance ministers ended a meeting with no new plan to recapitalize European banks, as sought by the markets. The IMF, European Central Bank and EU are also putting off until October a decision on providing Greece with its next ... See all stories on this topic » | ||
| Euro crisis hampers banking Financial Post (blog) They also suggests that at least some people believe enough has been done since the last crisis to contain the spread of such failures to other parts of the global financial system. It was clear at the conference that large global banks are keenly ... See all stories on this topic » | ||
| Crises Cast Shadow Over Asia Radio Free Asia In fact, the European and American financial crises have placed Asia's banking system on alert over fears of a sudden exodus of capital from emerging markets, which have been attracting moneysince recession gripped the West in 2008. ... See all stories on this topic » | ||
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| Global Stocks Enter Bear Market as Debt Crisis Outweigh Profits BusinessWeek Policy makers are “committed to a strong and coordinated international response to address the renewed challenges facing the global economy,” G-20 finance ministers and central bank governors said in a previously unplanned statement in Washington. ... See all stories on this topic » | ||
| Boehner Blames Fed for 'Enabling' Political Gridlock Wall Street Journal (blog) ... is almost 15 trillion dollars in the red behaves by entrusting taxpayers' financial futures to the Federal Reserve, which pumps money into the economy whenever it chooses and makes secret deals with Wall Street executives, foreign central banks, ... See all stories on this topic » | ||
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| Asia should not squander money on EU Pakistan Observer Until it does that, to throw Asian money into the EU financial cauldron would be economic suicide for countries such as India and China, where hundreds of millions still live in poverty. —The writer is Vice-Chair, Manipal Advanced Research Group, ... See all stories on this topic » | ||
| Supervisors, Ting call for solutions to foreclosure crisis KTVU San Francisco He said, "We're going to continue to fight this crisis ... and hold these financial institutions accountable." One of the proposals Ting and the supervisors called for was a foreclosure fee paid bybanks to offset the costs to local and state ... See all stories on this topic » | ||
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| Stream of downward-pointing indicators increases worries about future of ... Washington Post A default could lead to losses at banks that hold government bonds, choking credit to the widereconomy — one reason European officials say they are determined to prevent one. “The uncertainty arising from the escalating sovereign debt crisis has ... See all stories on this topic » | ||
| European Stocks Slide to Two-Year Low as Fed Sees Economic Risks BusinessWeek Moody's downgraded the long-term credit ratings of Bank of America Corp. and Wells Fargo & Co., along with Citigroup Inc.'s short-term rating, saying US support has become less likely if lenders get into financial trouble. ... See all stories on this topic » | ||
| Chile Fin Min Says Govt Will Act On Any Econ Deceleration Wall Street Journal "We don't know where this is headed," he said of the current turmoil in global financial markets. Some emerging-market central banks, like Brazil, have already begun to cut interest rates. With global markets in turmoil, some emerging market ... See all stories on this topic » | ||
| Commodity markets have not yet priced in rising double-dip threat - Roubini Creamer Media's Mining Weekly Because it is going to be a world in which banks are not safe and governments are not even safe ... gold might become a hedge, not against inflation, but against the risk of another financial crisis," Roubini concluded. This view on gold's potential ... See all stories on this topic » |
| IMF: Global Banking System Under Severe Threat | FDL News Desk By David Dayen But less remarked upon is the information about the financial industry in the same report, which warns that the global banking system is in its most precarious position since the 2008 crisis. The International Monetary Fund has warned that the ... Firedoglake |
| Capital flight exacerbated the debt crisis of the ... - Finance online By admin Wednesday, the European Committee of systemic risk to the region's financial system, warned the latter risk “increased significantly” on the same day the International Monetary Fund (IMF) has urged the European banks to increase risk prevention. ... IMF Global Financial Stability Report, pointed out that the euro zone debt crisis may lead to the European banking sector suffered the loss of 300 billion euros, and urged the banks to raise capital to prevent further global economic turmoil. ... Finance online - Financial Advice|Fin... |
| Global financial system risks escalates By johnabayomi “We are in the middle of a crisis of confidence, which is taking its toll on both the economy and thefinancial system” said José Viñals, Financial Counsellor and head of the IMF”s Monetary and Capital Markets Department, which produced the report. Improvements in ... The IMF in the report said that the lack of progress to repair balance sheets has raised concerns about the financial health of governments in advanced economies, banks in Europe, and households in the United States . ... Vanguard News |
| BRICS say ready to help IMF fight global crisis @ Forex Factory By FF News It also highlights a dramatic change of fortune between the two groups of nations, with developing countries offering financial help that could be used to ease the economic crisis of traditional powers. Failure to act now could turn the ... "There is a risk that the sovereign debt crisis of some countries becomes another financial crisis," Mantega told reporters in a joint news conference with other BRICS finance ministers and central bank chiefs. ... Why are we sending aid money to India? ... Forex Factory |
| World Bank and IMF annual fall meeting delegates ... - Finance online Day, 2011 the World Bank and International Monetary Fund (IMF) managing the. ... Money Talk ::Finance Forums- Investing, Personal Finance ... Weak U.S. economic recovery, Italy downgrades, Greece rescue at stake. ... He hoped that the United States and Europe deal with the debt crisis, saying the developed ... www.finance-ol.com/.../world-bank-and-imf-annual-fall-meeti... |
| EU, IMF raise concerns over bank capital - Yahoo! Finance Meanwhile, the IMF said in its half-yearly World Economic Outlook that banks needed to ... They then have several months to try to raise the money on the market or seek ... some of its rules on government aid to banks during the 2008 financial crisis, .... The information contained in the APNews report may not be published, ... finance.yahoo.com/.../EU-IMF-raise-concerns-over-apf-10233... |
| Greece sharpens austerity; IMF warns on banks - Business - World ... Greece's Finance Minister Venizelos waits for documents to be handed to him ... out of money next month, as the IMF warned that Europe's sovereign debt crisis ... the global financial system and the ongoing economic recovery," the IMF said in ... yes, we have a problem, capital needs to be put into the banks," he told news ... www.msnbc.msn.com/.../greece-sharpens-austerity-imf-warns-... 
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