FINANCIAL News, Money, Banks, Economic and Financial Crisis, Feb 18, 2012

Greek Dilemma: New loans still won't resolve crisis Moneycontrol.com That's because Greece would use part of the loan to give a cash-sweetner to a separately-negotiated debt reduction deal with the banks to whom they owe money. Supporters of this view say it would maintain globalfinancial stability by avoiding a messy ... See all stories on this topic » Moneycontrol.com

Washington-Cairo rift hangs over IMF loan talks gulfnews.com Egypt needs the money to help an economy in stagnation since last year's uprising against Hosni Mubarak. Tourists and investors have stayed away and the central bank, seeking to avert a currency crisis, spent more than half its reserves. See all stories on this topic » gulfnews.com

China Cuts Banks' Reserve Ratios a Second Time as Europe Threatens Growth Bloomberg Play Video China cut the amount of cash that banks must set aside as reserves for the second time in three months to spur lending as Europe's debt crisis and a cooling property market threaten economic growth. Reserve ratios will fall 50 basis points, ... See all stories on this topic » Bloomberg

Europe is in dire need of lazy spendthrifts The Guardian Greece's economic crisis is a gift from heaven for the German government. The country is the ideal conservative dystopia of an irresponsible government financing a supposedly overblown welfare state by ever increasing debt, where workers enter ... See all stories on this topic » The Guardian

Pushed to the brink in Greece Stuff.co.nz Driven to attempt suicide by a harsh new round of cost-cutting that threatens the government housing agency where she and her husband work, Harikleia dabbed at her tears, for a moment wrenching attention from an unseemly slug-fest on the economic fate ... See all stories on this topic » Stuff.co.nz

Greek fears grow beneath looming shadow of bankruptcy The Guardian None of her friends, lunching after work in a subterranean taverna, believe bankruptcy is upon them – even if the country's economic crisis dominates the conversation. Like most Greeks, hit by repeated rounds of austerity, they are too busy surviving ... See all stories on this topic » The Guardian

Greece on the edge Melbourne Weekly Port Phillip Driven to attempt suicide by a harsh new round of cost-cutting that threatens the government housing agency where she and her husband work, Harikleia dabbed at her tears, for a moment wrenching attention from an unseemly slug-fest on the economic fate ... See all stories on this topic »

A Greek tragedy Casey Weekly Berwick It is a pronouncement also keenly awaited across Europe and the world'sfinancial markets. But such is the distrust between the negotiating parties that there are doubts that all the money will be forthcoming without which Greece would default within ... See all stories on this topic »

FTSE CLOSE: Renewed hopes for Greek bail-out deal boosts markets; retail sales ... This is Money The Dow Jones closed at a four-year high, while the S&P 500 was just five points short of its post financial crisis peak as investors cheered another round of upbeat economic figures across the Atlantic. Meanwhile, eurozone and IMF supremos are getting ... See all stories on this topic » This is Money

Workers in Germany and Europe must defend the Greek working class World Socialist Web Site The cause of the crisis lies not in Greece, but in the European and international financial centres. Those responsible for the economicmisery are not the workers of Greece or any other country, but the profiteers who have enriched themselves through ... See all stories on this topic »

Hopes rise for Greek deal, but anger grows in eurozone Pakistan Daily Times Time is running out for Greece to seal the 130 billion euro ($170 billion) rescue and avoid bankruptcy, but Greek officials hope euro zone financeministers will sign the deal off on Monday - a month before Athens needs the money to make 14.5 billion ... See all stories on this topic »

BUDGET SPEECH The Swazi Observer Mr. Speaker, should the Euro crisis deepen, our own growth prospects will also suffer. The second round effects of the global financial crisishave already reduced demand for our major exports. The negative external shocks were exacerbated by the ... See all stories on this topic »

America's Global Agenda for Economic Freedom Heritage.org By The Heritage Foundation Economic Freedom Task Force Abstract: Promoting economic freedom at home and abroad is essential to revitalizing the US economy. In 2010, for the first time ever, the United States fell from the ranks of the economically free ... See all stories on this topic »

Egypt Prepares to Sell $2 Billion Islamic Bonds - Scholar Sudan Vision DUBAI - The Egyptian government, seeking to head off a funding crisis, is preparing to raise about $2 billion through its first issue of Islamic bonds, an Islamic scholar familiar with its planning said on Tuesday. "The Egyptian government is convinced ... See all stories on this topic » Sudan Vision

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