 Washington Post Instead of its traditional role in helping individual countries that are facing difficulty, the agency has been supersized into a “systemic” backstop for the entire world economy. The IMF has expanded the types of loans and financing programs it offers ... See all stories on this topic » | ||
| Euro zone mulls ECB loans to IMF, but as last resort Reuters A second euro zone official said the loans could be channeled to the IMF through its new arrangements to borrow mechanism, while Dutch Finance Minister Jan Kees de Jager said it could also involve an increase in IMF special drawing rights (SDRs), ... See all stories on this topic » | ||
| Euro Ministers Bid for Bigger IMF Role as Fund Falls Short BusinessWeek “It's very important that the IMF globally will increase its resources either by raising its capital or by bilateral loans so that it can lend more money to euro-zone countries in need,” Dutch FinanceMinister Jan Kees de Jager said in an interview ... See all stories on this topic » | ||
| Euro Central Banks Seen Providing Up to $270 Billion via IMF San Francisco Chronicle No fewer than four "comprehensive" rescue packages over 19 months have failed to arrest the crisis, fueling speculation that a currency designed to last forever might break up unless European leaders forge a more united economy. Central bank loans may ... See all stories on this topic » | ||
| Germany open to boosting IMF funds to fight crisis Reuters But after discussing the issue of IMF resources with EU finance ministers on Tuesday and Wednesday, Schaeuble said Germany could back such a move either via new bilateral loans or SDRs, as long as the Bundesbank was in agreement. ... See all stories on this topic » | ||
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| Geithner heads to Europe for decisive week MarketWatch European finance ministers want to increase the IMF's war-chest through bilateral loans as part of an effort to increase the IMF role in solving the crisis. Earlier Friday, the IMF said European officials are discussing potential bilateral loans to the ... See all stories on this topic » | ||
| Hungary's talks with IMF seen starting in January BusinessWeek Hungary said two weeks ago it would seek a financial "safety net" from the IMF and the EU, but no new loans, in an effort to improve investor sentiment and protect itself from the spiraling eurozone debt crisis. Officials have indicated that Hungary ... See all stories on this topic » | ||
| Finland PM sees IMF role in resolving euro crisis Reuters Katainen said politicians were discussing different models of how to increase the IMF's resources and noted that bilateral loans seemed most likely. Earlier on Wednesday Germany's FinanceMinister Wolfgang Schaeuble said his country is now open to ... See all stories on this topic » | ||
| Talk of stability pact, IMF loan and elite bond issuance shakes the Euro FXstreet.com "The paper said that the money raised by the bonds would finance the debts not only of the six AAA-rated countries — Germany, France, Finland, the Netherlands, Luxembourg and Austria — but also help provide financial assistance, under strict ... See all stories on this topic » | ||
| Dire warnings are building on European debt crisis San Antonio Express Many observers expect the next fire to come from Italy, where investors are so nervous about the country's debts that the IMF Monday denied reports in the Italian media it was in talks with Rome on a program for IMF financing. ... See all stories on this topic » | ||
| TREASURIES-Prices fall on new ECB loan to IMF talk Reuters ... as stock futures rose amid talk of a potential fix for the European financial crisis. Talk circulating in the markets suggested that the European Central Bank might lend the International Monetary Fundmoney to help shore up the euro zone. ... See all stories on this topic » | ||
| Ministers approve Ireland's €4.2bn tranche Irish Times EURO ZONE finance ministers last night gave their approval for the payment of a €4.2 billion bailoutloan to Ireland under its EU-IMF rescue. The money is included in an €8.5 billion disbursement which will take the total released so far this year to ... See all stories on this topic » | ||
| FOREX-Euro rises for 2nd day on talk of ECB lending to IMF Reuters * Finance chiefs to discuss ECB loans to IMF -Reynders * ECB failure to attract bank deposits raises QE talk * Analysts warn debt crisis still acute, euro vulnerable By Gertrude Chavez-DreyfussNEW YORK, Nov 29 (Reuters) - The euro advanced for a ... See all stories on this topic » | ||
| BRIC Power New York Times After the 2008 financial crisis, IMF member states roughly trebled the institution's lending capacity. But now that seems not nearly enough. Its remaining firepower of about $400 billion is only about a third of the gross financing needs of Italy and ... See all stories on this topic » | ||
| For bulging Japanese banks, Europe crisis brings two cheers Economic Times TOKYO: More and more financial industry executives are finding themselves out of jobs as the global economy lurches into a slowdown, but for bankers in charge of overseas loans at Japan's SMBC things couldn't be better at work. ... See all stories on this topic » | ||
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| Conservatives craft bill to prevent IMF bailout of crumbling eurozone The Hill Republican lawmakers were alarmed by business news reports earlier this week that the IMF was ready to expand its role in Europe. Traditionally the fund has worked with relatively small, emergingeconomies. Switching its financial firepower to ... See all stories on this topic » | ||
| Shadow Banking Poses Hidden Risks to China's Financial Sector China Briefing The growth of informal lending channels can be traced back to the government's response to the recent Global Financial Crisis, in which the country's main banks were ordered to handout massiveloans to state-owned enterprises (SOEs). ... See all stories on this topic » | ||
| Can you fix the European debt crisis? CNN (blog) Only a complete idiot could associate Obama with European fiscal mismanagement. Burn Greece to the ground and collect the insurance money? Stop using the Euro. The sooner the better. MIXEDECONOMY ONLI ONE REMEDY TO THIS CRISIS. ... See all stories on this topic » | ||
| 2012 Preview: Realities, Opportunities & Threats Gold Seek (emphasis added) And, we should add, Central Banks like the private for-profit Fed print the moneythey loan to taxpayers (with interest) virtually for free. But the economic health-stifling effects of debt saturation are felt worldwide. ... See all stories on this topic » | ||
| Eurozone approves loan Kathimerini Papademos is due to hold the meeting in the wake of eurozone finance ministers deciding inBrussels Tuesday to release the sixth installment for Greece, which needed the money by mid-December so it could continue paying its bills. ... See all stories on this topic » | ||
| Coming days “crucial” to resolve EU crisis Malta Independent Online Yields on Italian bonds have topped 7% - a rate considered unsustainable – and even the EU'seconomic powerhouse – Germany – has struggled to sell bonds. EU finance ministers were in Brussels for an Economic and Financial Affairs (ECOFIN) Council ... See all stories on this topic » | ||
| Problem loans continue to rise - AIB RTE.ie ... the Government injected money into the bank earlier this year to enable it to meet targets set under the EU/IMF deal. It said this should lead to a reduction in its bad debt charge in 2012, though this would depend on the Irish and world economies. ... See all stories on this topic » | ||
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| S&P - 1 year chart Proactive Investors UK (RTRS) The world economy is facing a worse crisis now than in 2008 and stimulating growth should be a priority for global policymakers according to the Chinese vice finance minister. (RTRS) T-notes underperformed yesterday as flows poured out of safe ... See all stories on this topic » | ||
| Drug Trafficking and The Financial Crisis Executive Intelligence Review (EIR) This means that the entire revenue from the global drug economy freely enters into circulation and becomes part of global money flows, taking advantage of the capabilities of the legal financialsystem. Meanwhile unscrupulous banks, which practice ... See all stories on this topic » | ||
| Gross Says Fed Rates Stay Low Even With Job Growth: Tom Keene BusinessWeek A European proposal to channel central bank loans through the IMF may deliver as much as 200 billion euros ($270 billion) to fight the debt crisis, two people familiar with the negotiations said today. At a Nov. 29 meeting attended by European Central ... See all stories on this topic » | ||
| US STOCKS-Futures jump on renewed euro zone hopes Reuters UK ... channel central bank loans through the International Monetary Fund may deliver as much as 200 billion euros ($270 billion) to fight the debt crisis, Bloomberg reported, citing sources. "So we'll have European countries lending money to the IMF that ... See all stories on this topic » | ||
| Daily Majors Fundamental: EUR/USD, GBP/USD, USD/CHF, USD/JPY FXstreet.com Investors saw hope that Europe is moving forward in containing its crisis. The spark was an unconfirmed report in Italian news paper La Stampa that the IMF is creating 600 billion euros loan for Italy with interest rate around 4 to 5 percent if the ... See all stories on this topic » | ||
| The Fed to Europe's Rescue? Fox Business Perhaps it's because the IMF's strict lending terms may cause countries to balk. IMF loanshistorically are senior to sovereign debt, which could cause future bond investors to walk and not lend a country any new money in the future. ... See all stories on this topic » |
| NewsDaily: Analysis: Deal building to pump up IMF to handle ... By Lesley Wroughton The effort raises two issues: whether Europe is doing enough on its own to deal with the crisis and where the money for the IMF will come from. ... governments said they were looking at providing bilateral loans to the IMF from national central banks, a move that would mark a critical first step by Europe to meet international demands that it use more of its own money to tame the crisis. ... But the financial needs of both Spain and Italy would be beyond what the IMF can currently afford. ... NewsDaily: Top Headlines |
| NewsDaily: Geithner to urge Europe leaders to take action By Glenn Somerville and David Lawder Treasury Secretary Timothy Geithner talks to the media about the Consumer Financial Protection Bureau's (CFPB) efforts to help protect consumers from predatory lending practices in Washington December 1, 2011. REUTERS/Yuri Gripas ... Having euro zone governments provide bilateral loans to the IMF from national central banks could be one way for Europe to meet international demands that the region use more of its own money to tame the crisis. The IMF could then lend the ... NewsDaily: Top Headlines |
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