Today: FINANCIAL News, Money, Banks, Economic and Financial Crisis, Dec 25, 2011

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Dec 25, 2011

FINANCIAL News, Money, Banks, Economic and Financial Crisis, Dec 25, 2011

IMF's Christine Lagarde warns that global economy threatened
Economic Times
PARIS: The head of the International Monetary Fund said the world economy was in danger and urged Europeans to speak with one voice on a debt crisis that has rattled the global financial system. In Nigeria last week, IMF Christine Lagarde said the ...
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Experts warn of worse financial crisis
gulfnews.com
Eurozone leaders have proposed using the European Central Bank [ECB], the European Financial Stability Fund [EFSF], the European Stability mechanism [EMS] and they are now going around the houses to use the IMF [International Monetary Fund]," said Gary...
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gulfnews.com
Economy: The big picture
Daily Star Online
However, crises also offer some opportunities. It is high time to reform the economy, particularly the financial sector, to materialise the country's medium-term economic potential. The writer is a Visiting Research Fellow at the Institute of...
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Economics review of the year 2011
The Guardian
An earthquake and tsunami in Japan rock financial markets. Meanwhile, having spent the runup to the financial crisis insisting there was nothing risky about stuffing sub-prime mortgages into collateralised debt obligations, the credit ratings agencies ...
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The Guardian
Reinvigorate the rich to help the poor
Gulf Times
Having gone through the food and fuel shock of 2007-2008 and the global financial crisis that followed, low-income countries may now face even larger disruptions in 2012. And, given the interdependence of today's globalised world, poor countries' ...
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Gulf Times
'Our ties may be second only to the relationship with the US'
Times of India
The IMF said moving to a biannual budget helped Israel handle the crisis. In my understanding, sooner or later, most countries will shift to biannual budgets. Another important move was sitting with labour unions and employers. ...
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The metrics Obama will watch in 2012
Politico
President Barack Obama has always styled himself a numbers guy, a rational, dispassionate devourer of OMB, IMF and NBA statistics. Even though Obama hates to be compared with Mr. Spock, two of his top advisers, David Plouffe and Jim Messina, ...
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Politico
Egypt's budget deficit expected to surge to 11.7 pct according to ministerial ...
Ahram Online
In June, Egypt declined a $3.2 billion facility from the IMF; but Egyptian officials have recently announced that negotiations have restarted for a much larger loan. The budget deficit for the financialyear 2011/2 was forecast to stay at 8.6 per cent ...
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Ahram Online
The Banker names Ialomitianu Finance Minister of the Year in Europe
EMportal
Furthermore, the British publication underscores Romania, in June 2011, returned to the eurobond market for the first time since the outbreak of the financial crisiswith a 1.5 billion euros issue that had a price within the existing interval for the ...
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'Get debt sorted or we'll drown in it,' warns TD
Irish Independent
It shows a real contempt for the people. Of course, the IMF money is not contingent on whether we do or we don't inflict losses." Mr Donnelly, who has established himself as a leading financial thinker in the 31st Dail, has many bold ideas. ...
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Forex Technical and Fundamental Analysis for the Week of December 26, 2011
Business Insider
German business confidence rose for the second month in Dec., a Spanish bond selling witnessed high demand and low yield, European finance minister agreed to provide loans to IMF to fight debt crisis and the ECB European banks offered ...
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Santa rally persists, buoying SET stocks
Bangkok Post
Asia Plus viewed that the risk from a sluggish European economy due to the public debt crisis next year was that its GDP growth may be cut by 1.1% percentage points from the International Monetary's Fund (IMF)'s projection, as well further credit ...
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Winter of our discontent
The News International
In 2008, the IMF's foremost demand was to impose VAT with effect from July 1, 2010 – the government after getting the VAT Bill approved from the Senate abandoned the idea. The Finance Bill 2011, made no mention of VAT though ourfinance minister ...
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Gulf Economy at Crossroads amid Middle East Unrest
CRIENGLISH.com
"Intra-Arab trade was hit by the turmoil, and this certainly also affected the Gulf Arab states, albeit by a lower degree than the North African countries," said Masood Ahmed, the International Monetary Fund (IMF) Director for the Middle East and ...
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Turkey courts Saudi Arabia for more trade and investment
Today's Zaman
Turkey's trade volume with Saudi Arabia was $5.5 billion in 2008 before contracting 37 percent in 2009 due to the world financial crisis. It increased 30 percent last year, reaching $4.5 billion. In the first 10 months of this year, the volume had ...
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2011: Year in review
Times of Malta
At this month's EU summit, the UK vetoed a new treaty designed to tackle the eurozone crisis because Prime Minister David Cameron – in order to appease his eurosceptic backbenchers – demanded safeguards for Britain's financial services industry. ...
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2011: Year that changed the world
Nigerian Tribune
Though several bailouts have been mapped out for these countries, they appear to be having difficulty in coming out of the financial crisis and the crisis has reduced confidence in other European economies since it has started to spread to other ...
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Nigerian Tribune
Shaping of a policymaker
PakistanToday.com.pk
Our students have now been able to land internships in places like Barclays, Standard Chartered, Unilever, Ministry of Finance, amongst others. Value addition through practical experience is very important. This year thirty students went overseas for ...
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PakistanToday.com.pk
Egypt may need $15bn from IMF to avoid crunch
Trade Arabia
Egypt has little choice but to return to the IMF to help it find up to $15 billion to stave off a full-blown financial crisis, but the ruling army seems to be stalling to avoid blame for approaching a foreign institution for cash on its watch, ...
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It's all Greek to me!
Nation on Sunday
Before the financial crisis, Greece had the lowest suicide rate in Europe at 2.8 per 100000 inhabitants. Statistics released by the Greek Ministry of Health show a 40% rise in suicides between January and May compared to the same period last year. ...
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Canada, US GDP: For First Time On Record, Canadians May Be Wealthier Than...
Democratic Underground
It's a reflection of the persistent weakness of the US economy since the financial crisis began in 2008, and the relative strength of Canada's economy, which has benefited from high commodity prices and surging demand in developing countries....
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Montenegro may consider new Eurobond in 2012
Business Recorder (blog)
Montenegro may consider launching a new Eurobond in 2012 as part of its efforts to fund its budget and cope with a euro zone economic downturn, its financeminister said in an interview. The tiny Adriatic country sold two Eurobond tranches worth 380 ...
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GBP/USD Forecast Dec. 26-30, 2011, Fundamental Analysis
FX Empire
German business confidence rose for the second month in Dec., a Spanish bond selling witnessed high demand and low yield, European finance minister agreed to provide loans to IMF to fight debt crisis and the ECB European banks offered ...
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FX Empire
EIB: New regulations needed to avert fresh global crisis
Zawya (registration)
By Staff The world must adopt new effective regulations to ensure the devastating 2008 global financial crisis would not be repeated despite the recovery of most countries, the Emirates Industrial BankEmirates Industrial Bank (EIBEIB) has said....
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NewsDaily: IMF's Lagarde warns global economy threatened
The head of the International Monetary Fund said the world economy was in danger and urged Europeans to speak with one voice on a debt crisis that has rattled the global financial system.
NewsDaily: Business Headlines
IMF May Revise Global Growth Forecast Lower - 24/7 Wall St.
By 247wallst
IMF chief Christine Lagarde told the media that the IMF's planned 2012 global GDP growth forecast of 4% may be to high. The official number ... And financial crisis is spreading into “a crisis of confidence in public debt and the financial system. ...
24/7 Wall St.
Christine Lagarde: World Economy In 'A Dangerous Situation'
By The Huffington Post News Editors
PARIS (Reuters) - The head of the International Monetary Fund said the world economy was in danger and urged Europeans to speak with one voice on a debtcrisis that has rattled the global financial system.
The Full Feed from HuffingtonPost.com
Global Economy Threatened by EU Crisis: IMF's Lagarde | www ...
By marketmaker
International Monetary Fund Managing Director Christine Lagarde said on Wednesday the global economy was rebounding from the financial crisis but recovery remains unbalanced. Central banks' move 'exactly' right: IMF chief.International ...
Bullfax.com - Market News & Analysis
IMF's Lagarde warns global economy threatened | Stock Market ...
By Editor - Business News
Sun Dec 25, 2011 7:49am EST. PARIS (Reuters) – The head of the International Monetary Fund said the world economy was in danger and urged Europeans to speak with one voice on a debt crisis that has rattled the global financial system....
Rocket News
EU Ministers Seek Crisis IMF Funding as Confidence Wanes ...
European finance ministers sought to meet a self-imposed deadline for drawing additional aid to ... EU Ministers Seek Crisis IMF Funding as Confidence Wanes...
www.businessweek.com/.../eu-ministers-seek-crisis-imf-fundin...
European Ministers Seek $261B in IMF Funds - Bloomberg
European finance ministers sought to meet a self-imposed deadline for drawing additional aid to the debt crisis and to form new budget rules as investor ...
www.bloomberg.com/.../european-finance-ministers-to-discuss...
Christine Lagarde: European financial crisis is too serious for ...
The managing director of the IMF, said the escalating financial crisis now needed to be addressed as “collectively as possible”. Without action, the world faces ...
www.telegraph.co.uk/.../Christine-Lagarde-European-financial...
Finance ministers to discuss IMF, debt crisis | European Voice
finance ministers to discuss imf, debt crisis conference call to be held this afternoon.
www.europeanvoice.com/article/2011/...to.../73009.aspx
Eurozone crisis live: IMF's Lagarde warns of return to Great ...
Christine Lagarde warns that no country is immune from the financial crisis • Czech ... The IMF urged global leaders to work together to address the crisis, or face ...
www.guardian.co.uk/business/2011/dec/.../eurozone-crisis-live
IMF euro rescue fund misses target | Presseurop (English)
“EU states fail to cobble together €200bn for IMF,” headlines the EUobserver, after... Lithuania, still recovering from the financial crisis, and Bulgaria, the EU's ...
www.presseurop.eu/.../1310161-imf-euro-rescue-fund-misses-...
2011 In Review: Four Hard Truths « iMFdirect – The IMF Blog
First, post the 2008-09 crisis, the world economy is pregnant with multiple ... Third , financial investors are schizophrenic about fiscal consolidation and growth. ...
blog-imfdirect.imf.org/2011/.../2011-in-review-four-hard-trut...
UK Shuns Crisis Aid as Europe Channels $195 Billion to IMF
Europe bolstered its anti-crisis arsenal, channeling 150 billion euros ($195 billion)... by contributing to the increase in IMF resources so as to fill global financing ...
www.businessweek.com/.../u-k-shuns-crisis-aid-as-europe-cha...
Euro zone IMF loan target in danger as UK declines help | Reuters
... to boost IMF resources by 150 billion euros to ward off the debt crisis and won... Following a three-hour conference call, European Union finance ministers ...
www.reuters.com/.../us-eurozone-idUSTRE7BF0OX20111219
EU Ministers Seek Crisis IMF Funding Deal - Blogrunner
European Ministers Seek $261 Billion In Euro-area finance ministers will hold a conference call at 3:30 p.m ... European Ministers Seek $261 Billion In IMF Crisis...
www.blogrunner.com/.../eu_ministers_seek_crisis_imf_fundin...
IMF chief warns Nigeria over Europe debt crisis - Yahoo! Finance
Finance: The head of the International Monetary Fund on Tuesday advised Nigerian leaders to build up resistance in the face of Europe's escalating debtcrisis, ...
finance.yahoo.com/.../imf-chief-warns-nigeria-over-11042502...
The Euro-Area Crisis: Weighing Options for Unconventional IMF ...
This paper also aims to more broadly explore the role of the IMF in systemicfinancial crises in general by underscoring the need to better align the institution's...
www.brookings.edu/.../12_euro_area_crisis_lombardi.aspx
IMF urges for stronger action to avoid 1930s like financial crisis ...
Christine Lagarde calls for unity to face the global financial crisis as French launching verbal volleys against David Cameron and the United Kingdom. The world...
www.latestcnnnews.com/imf-urges-for-stronger-action-to-avoi...
World Economy At A 'Very Dangerous Juncture': IMF Chief – AFP ...
The International Monetary Fund managing director spoke of a crisis of ... TheIMF has said Europe's worsening economy and financial market turmoil meant it...
africanspotlight.com/.../world-economy-at-a-very-dangerous-j...
Making the Most of Bad Situations « iMFdirect – The IMF Blog
While the nature of our mission means that IMF financing role will remain largely... Filed under: Africa, concessional lending, Economic Crisis, IMF, International...
blog-imfdirect.imf.org/.../making-the-most-of-bad-situations/
The Crash Specialists: Argentina's Lessons for a Crisis-Ridden ...
By the mid-1990s, it was clear the country was headed for a financial crisis. TheIMF tied a bailout to a tough austerity program, and Argentina cut pensions and ...
www.spiegel.de/international/world/0,1518,804856,00.html

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