 BusinessWeek “The job of the IMF is to help countries in distress, not to support currency systems.” The refusal of major economies to stump up money now reflected irritation with Europe's failure to resolve its crisis and foiled investor hopes that the summit ... See all stories on this topic » | ||
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| Italy Agrees to Allow IMF to Monitor Its Progress on Debt New York Times It is also preparing credit lines for countries like Hungary that are “innocent bystanders” of the crisis, a provision that goes well beyond the group's traditional mandate of helping countries that are direct recipients of its financial aid. ... See all stories on this topic » | ||
| Lessons not learned from previous financial crises Cyprus Mail Fourth, financial markets are ruthless and will punish corrupt regimes that are wasting public money on unnecessary projects. Finally, a crisis in today's environment cannot be isolated to one entity or country. Because of globalidation the crisis will ... See all stories on this topic » | ||
| The Denials That Trapped Greece The Ledger By early 2010, banks and bond investors were growing reluctant to lend Greece money. The country's finance minister, George Papaconstantinou, delivered a blistering message to his European partners. “I know we have German elections in May,” he said,... See all stories on this topic » | ||
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| Soros: EU should guarantee, not capitalize, banks Arab News Soros also warned that the crisis could eclipse the fall of 2008 and cause a globalfinancial meltdown if the euro collapses - which he said leaders everywhere in Europe, particularly in Germany, have fully grasped by now. He said new ECB President ... See all stories on this topic » | ||
| Occupy Wall Street: Reining in the rich Montreal Gazette “We want our bailout money back.” “Banks, go directly to jail, do not pass go, do not collect $200 billion.” The eight-week-old Occupy Wall St. movement has highlighted mounting anger at a financial system that allowed out-of-control bankers to plunge ... See all stories on this topic » | ||
| EU: we'll make UK cut bank bonuses The Independent "It's not about penalising the banking sector," he added. "It's about asking that everyone play their role and make an effort to preserve the money available to finance the realeconomy." Mr Barnier said the move was necessary because bankers were ... See all stories on this topic » | ||
| Fed's Tarullo Urges Moves To Prevent Credit Crunch Wall Street Journal The rapid downfall of the Wall Street securities firm, which made bad bets on European debt, reflected how interconnected and fragile the global financial system is three years after the financial crisis. MF Global's bankruptcy is a "stark reminder" of ... See all stories on this topic » | ||
| Coalition tries to shine a ray of light into darkness Irish Independent That's the message Finance Minister Michael Noonan is trying to convey, as he charts the course for the public finances over the next four years. His reassuring words will no doubt be followed by Taoiseach Enda Kenny in his address to the nation. ... See all stories on this topic » | ||
| A proxy row about the IMF is really a row about Britain and Europe The Economist (blog) ...I support an increase in resources for the IMF but what I want to do is make sure David Cameron and George Osborne are clear that directly or indirectly this money will not end up supplanting the European Central Bank and putting liquidity in for ... See all stories on this topic » | ||
| The Collapse of Our Corrupt, Predatory, Pathological Financial System Is ... Business Insider Thus the collapse of the current financial system of central banks, pathological Wall Street and insolvent banks would be the greatest possible good and the greatest possible positive for the global economy and its participants. See all stories on this topic » | ||
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| UPI NewsTrack Business UPI.com "At a time when the financial crisis was sweeping the world, our government also organized more than 30 large trade missions to buy from abroad," he said. "As China implements a more proactive strategy to open up its economy, our imports will exceed... See all stories on this topic » | ||
| Improved financial governance called for China Daily Many economists have blamed unregulated or poorly regulated financial activities as being among the main causes of the global financial crisis as well as the eurozone's ongoing debt troubles. Nicolas Veron, a senior fellow at the Brussels-based think ... See all stories on this topic » | ||
| Weekly Market Recap: Greece Confuses the Cost of Borrowing Money, MF Global ... Wall St. Cheat Sheet Today's Labor Department report suggests that the economy is gaining momentum, and that there is underlying strength in the labor market. However, Europe's debt crisis still threatens to derail the recovery, riling global financial markets and pushing ... See all stories on this topic » | ||
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| Argentina's Financial Investigation Unit May Focus On Forex Wall Street Journal Even in good times, Argentines see the dollar as a safe-haven investment due to their country's traumatic history of financial crises and devaluations, and both average Argentines and investors can get nervous whenever the government fiddles with the ... See all stories on this topic » | ||
| Poverty and unemployment: The American dream is dead CTV.ca Two new reports this week illustrate the death of the American dream in the wake of the housing bust, the financial crisis and the recession. The first, from the Brookings Institution, shows that the number of people living with poverty climbed by more ... See all stories on this topic » | ||
| Treasuries Rally as Europe Stalls on Debt-Crisis Resolution BusinessWeek Treasuries have returned 8.5 percent this year, the most since US government debt returned 14 percent in 2008 in the midst of the financial crisis, according to Bank of America Merrill Lynch index data. US debt gained this week as Greece's largest ... See all stories on this topic » | ||
| European Stocks Post First Weekly Drop in Six; Lloyds Tumbles BusinessWeek The IMF could lend any additional money to the European Financial Stability Facility, the currency bloc's rescue fund. In the US, a Labor Department report showed that the unemployment rate in the world's largest economy unexpectedly fell to a ... See all stories on this topic » | ||
| No Canadian money for eurozone bailout fund: Harper Canada.com “Moving the European plan forward remains critical to restoring confidence and growth in the global economy.” The G20 leaders committed to bolstering the International Monetary Fund (IMF) to backstop nations in future crises, but stopped short of ... See all stories on this topic » | ||
| Crisis in Greece: Experts Call For Return Of Drachma – OpEd Eurasia Review Again striking at the heart of the matter, he stated, “The latest agreement to save Greece is all about saving banks and financial capital, not people. After the war, we won our freedom but we emerged as vassals, first of the English and then the ... See all stories on this topic » | ||
| Hitting the big banks where it hurts: Shifting demand deposits Manteca Bulletin ... shift their money to regional or small financial institutions. It will hurt the big bankers that run with Wall Street and fund their job killing acquisitions and such. Consider this: During the past four years since the economic crisis started Bank ... See all stories on this topic » | ||
| China's vanishing factory bosses CTV.ca It's a situation that has its roots in the global financial meltdown of 2008. As demand for Chinese exports dried up in North America and Europe, Beijing introduced a massive stimulus package worth trillions of dollars in order to keep its economy ... See all stories on this topic » | ||
| Fed's Tarullo Urges Moves To Prevent Credit Crunch Fox Business WASHINGTON (Dow Jones)--Federal Reserve Board Governor Daniel Tarullo said Friday that measures beyond global bank capital and liquidity rules are needed to reduce the risk of credit crunches like the one seen during the financial crisis. ... See all stories on this topic » | ||
| Top Regional Bank Picks Of The World's Largest Fund Managers Seeking Alpha The iShares Dow Jones US Regional Banks ETF (IAT) is down over 60% since inception in early 2007, mostly on account of the impact of the 2008-09 financial crisis on the USeconomy. While the ETF has recovered, up over 80% since the lows in early 2009, ... See all stories on this topic » | ||
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| Fear and Loathing in the Cannes Debt Festival Dissident Voice Not really. When it comes to the crunch, the “global” economy is all about national protectionism. A viable Plan B to counter all sorts of crisis would be the Tobin Tax, also known as FTT (as in financial transactions tax), the Robin Hood tax or even ... See all stories on this topic » | ||
| Taiwan shares above 7600 points after Greece drops referendum plan eTaiwan News “So, we should keep a close eye on the US October non-farm payrolls data due later in the day to get a more clear picture about the economic climate,” Huang said. In thefinancial sector, Chinatrust Financial closed up 4.38 percent at NT$19.03 after it ... See all stories on this topic » | ||
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| Canada's hard hat economy a ticket to the middle class Financial Post As the rest of the world grapples with the European financial crisis and sluggish growth in the United States, the cross-country construction boom has been Canada's ace in the hole, providing the key economic building block that has been so lacking ... See all stories on this topic » | ||
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| Risk of public backlash over EU bailout Macau Daily Times It bought stakes in investment bank Morgan Stanley and asset management firm Blackstone only to see values collapse in the 2008 global financial crisis. The losses led to severe criticism of the investment choices made by China's sovereign wealth fund,... See all stories on this topic » | ||
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| CREDIT MARKETS: Companies Issue Debt Despite Eurozone Debt Concerns Wall Street Journal Worries about a lack of effective solutions to stem the euro zone's sovereign debt crisiscontinued to lure money into safe-haven Treasurys. This has outweighed a slew of better-than-forecast economic releases in the US that has eased fears the world's ... See all stories on this topic » | ||
| What's Ailing Europe Could Prove Contagious Barron's Some economists advocate a bigger role for the ECB in managing the crisis. They say the ECB has the ability to deliver what they refer to as a "big bazooka"—the financialfirepower to defend the region's bonds and banks so that investors can invest ... See all stories on this topic » |
| Debt crisis: live - Telegraph Visit the Telegraph Finance page for the latest on the eurozone debt crisis. .... Greek people, There is no problem with your deposits in the banks because of the bailout. ...that the IMF therefore needs more money, and that it is incumbent on Britain to ... given the substantial downside economic and financial risks in Greece. ... www.telegraph.co.uk/finance/.../8846201/Debt-crisis-live.html | ||
| Harper says no Canadian money for European bailout - World ... Major StoriesIn The News ... The financial crisis facing Greece and other countries, including Italy, was the key issue at the meeting. ... to pump more money into theInternational Monetary Fund that could, in turn, be used to fund the ... remains critical to restoring confidence and growth in the global economy," Harper added. ... www.cbc.ca/news/.../g20-imf-italy-greece-financial.html?cmp... | ||
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| BBC News - G20 'agrees to boost' International Monetary Fund The Group of 20 leaders agree to increase the International Monetary Fund's firepower as ... It means the Fund will be more able to support struggling eurozone economies. ...Rome has been finding it increasingly difficult to borrow money in financial ... US President Barack Obama warned that the eurozone financial crisis ... www.bbc.co.uk/news/business-15567822 |
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