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| IMF lax on Europe? Past rescue efforts elsewhere hit private investors harder Washington Post IMF Managing Director Christine Lagarde is the former finance minister of France, whose banks are among the largest holders of risky bonds issued by the Greek government. Struggling European governments, meanwhile, are getting sums of money from the ... See all stories on this topic » | ||
| Is Europe's debt crisis becoming a banking crisis? TIME (blog) Stocks have been slammed. The euro zone economy could be sinking into a recession. Yes, bad news everywhere. But on top of all that, a new risk is emerging: The intensifying sovereign debt crisiscould be expanding into a wider financial sector crisis. ... See all stories on this topic » | ||
| Euro stability fund is a mirage CNN ... of the European Financial Stability Facility, which was set up in the wake of the 2008 financial crisis. The goal is to give the fund more flexibility to stabilize shaky government finances and providemoney for banks that need to raise capital. ... See all stories on this topic » | ||
| Review: Lewis' 'Boomerang' tracks financial contagion around the world San Jose Mercury News The book could not be more timely, given the worries about Europe's deepening debt crisis and the recent warning issued by Christine Lagarde, managing director of the IMF, that "the currenteconomic situation is entering a dangerous phase. ... See all stories on this topic » | ||
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| Europe Needs $5 Trillion In Bailout Funds Forbes I read last night that the European Financial Stability Facility wants to boost its bailout fund to $5 trillion. Its assets right now are an inadequate $384 billion. IMF director Christine Lagarde is clear that the IMF may need billions more to play ... See all stories on this topic » | ||
| Eurozone crisis to trigger another Lehman moment? Economic Times US MMMFs, which magnified the Lehman failure into a financial crisis, are today important holders of dollar-denominated debt issued by European banks. The supply of domestic dollar-denominated instruments in the US has declined since the 2007 crisis. ... See all stories on this topic » | ||
| Argentina 2001-02 meltdown ugly example for Greece Reuters The lessons of those chaotic months are sobering ones for any government considering worst-case scenarios to cope with financial crisis. As Argentines rushed to open accounts under the names of relatives to skirt limits on bank withdrawals, ... See all stories on this topic » | ||
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| Pimco, Neuberger Defy Bank Bond 'Pain Threshold': Credit Markets BusinessWeek US banks “are in much better shape than they were pre- financial crisis, and Basel 3 requirements are only going to improve that strength,” said Brian Machan, a money manager at Aviva Investors North America in Des Moines, Iowa, where he helps oversee ... See all stories on this topic » | ||
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| Cost of State borrowing returns to pre-bailout levels Irish Times He said the €500 billion EFSF should be brought forward from mid-2013, to show EU determination to extinguish the crisis, and reassure financial markets. “Greece is, and Greece will remain, a member of the euro area,” he said, warning that the issues ... See all stories on this topic » | ||
| Room for Debate: A Running Commentary on the News New York Times Responding to the severe damage caused by the recent financial crisis, the world's leading nations made a detailed agreement, known as Basel III, to strongly increase the safety margins under whichbanks operate. Safety margins cost money, ... See all stories on this topic » | ||
| Uncomfortable home truths for the US European Voice Timothy Geithner, the US treasury secretary, even came up with a clever proposal to achieve this by boosting the eurozone's bail-out fund, the European Financial Stability Facility, by accessing the European Central Bank's money-creating capacity. ... See all stories on this topic » | ||
| Financial Turmoil Starts to Hit Economy: The Ticker Bloomberg Financial jitters are pushing up borrowing costs for banks and companies alike. The higher borrowing costs get, the fewer profitable investments the banks and companies can make. Result: Less economic growth. As of this week, the typical European bank ... See all stories on this topic » | ||
| Fed's Rosengren Backs More Rules for Banks Based Outside US BusinessWeek Money market mutual funds are contributing to dollar shortages as they “shun some financialinstitutions with various exposures to troubles in Europe -- a situation that is having negative impact on short-term credit markets,” he said. ... See all stories on this topic » | ||
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| Finland Wants Permanent Rescue Mechanism Implemented Next Year BusinessWeek The Frankfurt-based central bank yesterday said it will lend banks 140.6 billion euros for three months as tensions in money markets persist. Financial institutions are wary of lending to each other after Europe's sovereign debt crisis fueled concern ... See all stories on this topic » | ||
| Indian shares fall 0.4 pct; L&T, banks drop Reuters MUMBAI, Sept 29 (Reuters) - Indian shares dropped 0.4 percent on Thursday as doubts resurfaced about Europe's ability to contain the euro zone debt problems, which could trigger a second globalfinancial crisis. Engineering and construction ... See all stories on this topic » | ||
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| Flaherty Says Canada to Be Flexible If Hit by Foreign Shock BusinessWeek 28 (Bloomberg) -- Canadian Finance Minister Jim Flaherty reiterated today that his government will be flexible in terms of its economic policies if the country is hurt by events coming from abroad. “If we get a shock from outside our country we'll have ... See all stories on this topic » | ||
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| German media mock US advice on debt crisis Los Angeles Times He continued to hold European policymakers' feet to the fire on Wednesday, saying “we haven't seen them deal with their banking system and their financial system as effectively as they needed to.” Over the weekend, Treasury Secretary Timothy F. ... See all stories on this topic » | ||
| ICI's Stevens Defends Funds from Banking Regulators in Luxembourg Crane Data LLC The crisis reminded us -- if we needed reminding -- that managing assets is not the same thing as managing results. Like all other participants in the financial markets, our funds are affected by events in the real economy, by events in financial ... See all stories on this topic » | ||
| Expansion of European Bailout Fund Clears Hurdle New York Times Leaders in Germany and elsewhere played down speculation that they were working on bolder responses to the crisis, like a mechanism that would multiply the borrowing power of the bailout fund, the European Financial Stability Facility. ... See all stories on this topic » | ||
| Byron Williams: Addressing housing crisis will require presidential leadership San Jose Mercury News It is difficult because there is no way this crisis can be addressed without pain. The banks must take a financial hit -- and they should. I don't dismiss those who carelessly used their homes as an ATM, but the rapacious and unscrupulous lending ... See all stories on this topic » | ||
| Paul Krugman: US Economy Needs 'The Financial Equivalent Of War' Huffington Post "We have not had the kind of aggressive policies either from the Fed or from the federal government that the depth of the crisis really calls for," Krugman said. Krugman said he believes that the Federal Reserve should print more money to spur ... See all stories on this topic » | ||
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| Rand weakens - In free fall FM.co.za These are significant outflows but are still dwarfed by the outflow of R28,2bn that occurred in October 2008 at the start of the global financial crisis. By the end of that month, the rand had weakened to R11,50/$ from R7,50/$ two months previously. ... See all stories on this topic » | ||
| Sensex turns positive; HDFC Bank, Infosys, ITC up Economic Times NEW DELHI: The BSE Sensex pared morning losses and was up 0.3 per cent on Thursday amid doubts about Europe's ability to contain the euro zone debt problems, which could trigger a second global financial crisis. India's food price index rose 9.13 ... See all stories on this topic » |
| IMF Survey: Tackle Roots of Crisis, Not Just Symptoms, Says Weber He adds that the global economic crisis was not a random event but can be traced back to ...IMFSurvey Magazine: In the News ... Policymakers must tackle the root causes of the globaleconomic crisis, not just the ... A core problem during the crisis was the lack of international liquidity after money markets dried up, he said. ... www.imf.org/external/pubs/ft/survey/so/.../NEW092511A.htm |
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