 Washington Post But a traditional IMF program for Italy would be controversial — requiring the Italian government to take the politically difficult step of admitting that it needs help, and probably exhausting the IMF'savailable money in a multi-year financing ... See all stories on this topic » | ||
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| East Europeans balk at helping indebted richer neighbors with money for IMF Newser "This must be some kind of bad joke," said Jonas Vaicys, a math teacher in Lithuania, an ex-Soviet state still recovering from a huge hit taken in the financial crisis of 2008-09. "Lithuania itself is on the verge of asking for international help, ... See all stories on this topic » | ||
| Russia Pledges to Support Euro Zone Wall Street Journal At a summit Friday, EU leaders agreed to provide additional resources for the IMF of as much as €200 billion ($260 billion) in the form of bilateral loans to ensure the IMF has adequate resources to deal with the crisis. Euro-zone and other EU member ... See all stories on this topic » | ||
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| Fed has no plans to help Europe, Dudley says Reuters By Pedro Nicolaci da Costa WASHINGTON (Reuters) - Europe's financial crisis poses a threat to US banks and the economy but it is up to the continent's leaders -- not the Federal Reserve -- to find a resolution, a top official at the central bank said ... See all stories on this topic » | ||
| IMF agrees to pay next tranche of Irish loans RTE.ie She said action was needed by all countries, starting with those in Europe, to head off an escalatingcrisis that carries risks of a global depression. "There is no economy in the world, whether low-income countries, emerging markets, middle-income ... See all stories on this topic » | ||
| Czechs PM against loan to IMF CBS News The Czechs have yet to decide whether to join a fiscal union approved by eurozone nations on Friday in an effort to regain market trust, which has been badly shaken by the escalating financial crisis. He said fiscal discipline and consolidation of ... See all stories on this topic » | ||
| Fitch: comprehensive euro zone deal "beyond reach" Reuters "The systemic nature of the euro zone crisis is having a profoundly adverse effect on economic andfinancial stability across the region," Fitch said. The euro edged higher against the dollar but still suffered its worst weekly performance against the ... See all stories on this topic » | ||
| The IMF €200 Billion: New Money? Wall Street Journal (blog) The reason this is important is that whatever part of the €200 billion comes from the 2009 NAB will already be accounted for at the IMF, meaning that the actual new firepower achieved through the bilateral EU loans would be lower than anticipated. ... See all stories on this topic » | ||
| The Multilateralist: The reluctant firewall: the US moment in the Eurozone crisis Foreign Policy IMF loans have always been repaid, with interest. A massive, market-calming IMF package for Europe could come equipped with tough conditions to ensure that the euro ceases to be a financialweapon of mass destruction. What's more, the administration ... See all stories on this topic » | ||
| EU/IMF halt Hungary talks after c.bank row Reuters "Hungary's debt expiries will pick up from the second quarter of next year and it would be easier tofinance state debt if there is a deal with the IMF in January or February." "Our view remains that increasing funding difficulties in H1 will force ... See all stories on this topic » | ||
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| External debt: Next big Pak crisis? Pakistan Observer Pakistan's debt crisis is likely to enter into danger zone from 2012 when Pakistan would start paying back $11.3 billion of a relatively expensive loan to the IMF. Independent economic experts believe that in addition to normal debt servicing, ... See all stories on this topic » | ||
| Friday Papers: IMF chief warns over 1930s-style threats Citywire.co.uk by Himanshu Singh on Dec 16, 2011 at 04:39 Financial Times: The managing director of the IMF, Christine Lagarde, has warned that the global economy faces the prospect of “economic retraction, rising protectionism, isolation and . . . what happened in ... See all stories on this topic » | ||
| Sweden Could Lend Up To $14.3 Billion To IMF For Euro Crisis NASDAQ At last week's crisis summit, European Union countries agreed to provide the IMF with an extra EUR200 billion via bilateral loans. It isn't yet clear how the IMF would use the extra money, but it may decide to lend it to debt-burdened states in Europe ... See all stories on this topic » | ||
| Will US taxpayers be on the hook for bailing out Europe? Washington Post (blog) Similarly, analysts believe that the US' stake in the IMF also carries relatively little risk, even if the fund were to step up its lending to ailing European governments. The IMF's loans “are the most senior of any debt — they would be paid before ... See all stories on this topic » | ||
| IMF, EU Delegations Leave Hungary Early Wall Street Journal (blog) “We don't wish to discuss Hungary's economic policies with the IMF,” he said. He also stated that Hungary is a member of the IMF, which is a financial institution that can be approached whenever a country needs a loan or insurance. ... See all stories on this topic » | ||
| Hungary eyes up to 15-20 bln euro IMF/EU deal Reuters However, Varga said this time the government was not looking for a loan. "Hungary does not need an external loan, at the end of November we paid back 2 billion euros from the (2008) IMF-EU loan and the next significant repayment is falling due at the ... See all stories on this topic » | ||
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| Hungary's Leader Seeks to Fast-Track Pact Talks Wall Street Journal Heavily indebted Hungary had to be bailed out by the IMF and the European Union when it was unable to borrow money in capital markets after the start of the global financial crisis in late 2008. To secure the rescue package, Hungary agreed to slash ... See all stories on this topic » | ||
| Summary Box: East Europeans balk at helping indebted, richer West with money ... Washington Post WHAT'S YOURS IS MINE: European Union leaders asked member governments last week to loanup to €200 ($264 billion) to the International Monetary Fund as part of an agreement meant to pull euro-using countries out of a prolonged debt crisis. ... See all stories on this topic » | ||
| A year that leaves us puzzled Budapest Times The flip-flopping began immediately after last year's elections, when the government got ideas about using deficit financing to give the economy a much-needed kick-start. The prompt “no” from Brussels set in motion the government's policy of radically ... See all stories on this topic » | ||
| Treasuries Gain Most in Six Weeks as Crisis Exit Eludes Europe BusinessWeek 9 at their summit to channel an additional 200 billion euros ($261 billion) in loans to the IMF to help fight the crisis. “We want to evaluate the whole situation,” a spokesman for the Frankfurt-based Bundesbank said by telephone. ... See all stories on this topic » | ||
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| Brazil's Rousseff Reiterates Readiness To Lend Money To IMF Wall Street Journal (India) Brazilian officials have said on several occasions the country is ready to make bilateral loanagreements with the IMF if the organization needs funds to help bail European countries out of their current debt crisis. France is determined to return the ... See all stories on this topic » | ||
| Supersized IMF not just for little guy bailouts Reuters Blogs (blog) But it is also unlikely this will be the end of the fund-raising process. Following the 2008 financial crisis China chipped in an extra $50 billion and Japan $100 billion more. Fresh loans to the IMF from big holders of foreign exchange reserves, ... See all stories on this topic » | ||
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| European Milestone and Long Road Ahead Examiner.com New IMF loans typically impose fiscal austerity, while forcing debt restructuring, privatization, andfinancial liberalization to assure that old loans will be paid while opening the door to new loans and investment. IMF intervention is designed to ... See all stories on this topic » | ||
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| Saudi sukuk may serve monetary policy goals Arab News More bond issues by companies would reduce their reliance on bank loans at a time when the globalfinancial crisis is making foreign banks more wary about lending. The Saudi Arabian Monetary Agency (SAMA) is talking with local and international banks ... See all stories on this topic » | ||
| The S&P ended the session 0.3% higher led by utilities FXstreet.com A majority of party members in the Dutch parliament said yesterday they would support proposals to provide extra money to the IMF as part of a solution to the euro zone debt crisis. De Jager added that euro zone Finance Ministers may gather on Monday ... See all stories on this topic » | ||
| Running up deficits and debt not the answer Bowling Green Daily News Countries then lose control over their economies. They default on maturing debts or must be rescued with loans from friendly countries, the International Monetary Fund (IMF), government central banks (the Federal Reserve, the European Central Bank) or ... See all stories on this topic » | ||
| Hong Kong prepares for IPO test MarketWatch The worry is, if credit conditions get tighter, banks will be forced to rely on money markets to fundloans. While this could erode margins, the bigger issue is potential contagion from a European creditcrisis, leading to money markets freezing up. ... See all stories on this topic » | ||
| US Exposure to Europe – Unknowns Unknowns Wall Street Pit Fifth, and very much related to points two through five, it is only the spiraling of financial leverage that prevents the financial economy from collapsing. Re-hypothecation is a revelation in financialleverage. Most readers understand “hypothecation ... See all stories on this topic » | ||
| Luck May Be Key to Success for Summit Blueprint to Save Euro BusinessWeek Bundesbank President Jens Weidmann told the Frankfurter Allgemeine Sonntagszeitung that while the new accord represents progress, the onus is on governments rather than the Frankfurt- based ECB to resolve the crisis with financial backing. ... See all stories on this topic » | ||
| Europe's Transition From Social Democracy to Oligarchy truthout Creating ECB or IMF inter-government fiat money leaves the debts in place, while preserving wealth and economic control in the hands of the financial sector. Banks can receive debt payments on overly mortgaged properties only if debtors are relieved of ... See all stories on this topic » |
| President Klaus opposes loan | Prague Monitor Prague, Dec 12 (CTK) - The Czech Republic should not provide any money for the International Monetary Fund (IMF) to aid the euro zone countries with the biggest debts, President Vaclav Klaus told Czech Radio yesterday. Finance Minister Miroslav Kalousek ... However, Foreign Minister Karel Schwarzenberg admitted on Sunday that the Czech government would nod to the loan for the IMF in support of the fight against the economic crisis. The Czech government does not have ... Prague Monitor |
| EU Loans to IMF May Open Door to Funds From Brazil ... - Bloomberg Economy. EU Loans to IMF May Open Door to Funds From Brazil, China ... nations from South Korea to Brazil in a global effort to stem the European debt crisis. ... Fresh money from the G-20 would enable the fund to help euro-region nations ... mobile.bloomberg.com/.../eu-loans-to-imf-may-open-door-to-... |
| Analysis: Worries rise over risks of IMF lending to ... - Yahoo! Finance Finance: The prospect of European heavyweight economies like Italy or ... on an IMF loan and no country has ever lost money lending to the IMF - there are ... find a way out of its current debtcrisis, we must be a strong, world economic leader, ... finance.yahoo.com/.../Analysis-Worries-rise-risks-rb-1468358... |
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