FINANCIAL News, Money, Banks, Economic and Financial Crisis, Mar 03, 2012

Debt crisis: as it happened March 2, 2012 Telegraph.co.uk Keep up with the latest news over the weekend on our financial crisis page. 21.10 US markets have closed. Prices are still settling, but the Dow Jones industrial average is due to close almost flat at 12977.57, while the broader S&P 500 has finished... See all stories on this topic » Telegraph.co.uk

Ireland faces long road back to borrowing Washington Post Of all Europe's crisis countries, Ireland has been perhaps the most adamant about pushing ahead with the budgetary, banking and other steps urged by its international lenders. Yet more than a year into its bailout, economic growth is lagging, ... See all stories on this topic »

PV Vivekanand: NGO affair sparks another crisis Gulf Today And discussions are also under way for low-interest loans from the World Bank, the African Development Bank, the European Union and the US and Japanese governments. These loans are contingent on approval for the IMF loan and then on progress in spheres ... See all stories on this topic »

Politics cushion China's economic hard landing risks Moneycontrol.com "While financial risks abound, the composition of debt ownership means the government can brush off hard hits for now," he said. Government debt is 26.9 percent of gross domestic product according to IMF data, well below the 60 percent seen as the ... See all stories on this topic » Moneycontrol.com

From young to old, second Greek bailout deal hurts almost everyone Southeast European Times Interim Prime Minister Lucas Papademos pushed the package to ratify a second bailout from the EU-IMF-ECB Troika -- this one for 130 billion euros to compliment an ongoing series of 109 billion in loans from a first -- through parliament, but with more ... See all stories on this topic »

Weekly Treasury Update Gulf Times A renewed drop in housing prices could thwart the US economicrecovery in the short term while Washington's lack of a “credible, comprehensive” fiscal plan poses a major medium-term risk, a topIMF official said. International Monetary Fund deputy ... See all stories on this topic » Gulf Times

ECB vigorously defends €529 billion LTRO New Europe The European Central Bank (ECB) made a great leap forward with its 29 February long-term refinancing operation (LTRO), where 800 banks took €529 billion with the money being lent at just 1% interest. Flooding the market with cheaper credit via LTRO's ... See all stories on this topic » New Europe

EU to decide on firewall in March, ECB says clock ticking The Daily Star By Luke Baker, Robin Emmott BRUSSELS: The eurozone will decide whether to increase its debt crisis firewall before the end of March after the European Central Bank said its extraordinary support measures would not be repeated, putting the onus squarely ... See all stories on this topic »

'European Union- imposed austerity cuts politically motivated' Press TV The analyst went on to say that bailout money given to Greece, Italy, Spain, Portugal, and Ireland has been siphoned back tofinancial institutions, rather than to public sectors where it can stimulate economic growth needed to bounce back from the ... See all stories on this topic » Press TV

Ratings agency Moody's downgrades Greece Palm Beach Post Asimina, who identified herself only by her first name, said she lives with her husband on a combined monthly income of euro 600 from a state pension, and says a series of emergency taxes imposed by the crisis-hit country's government have made daily ... See all stories on this topic » Palm Beach Post

EU summit adopts Fiscal Pact for European-wide austerity World Socialist Web Site The Fiscal Pact will only deepen the crisis of the European economy. Prior to the summit, the EU Commission issued a report predicting a deep recession in the euro zone this year. The economy will shrink in 7 of the 17 euro countries and grow only ... See all stories on this topic »

WHAT A DIFFERENCE A EURO MAKES Express.co.uk Centuries later another link between the two nations was established when both started into the financial abyss when the global economy went into freefall in 2008. Due to years of extravagant over-expansion and wild spending they were the first ... See all stories on this topic »

You are here: Home Business Recorder Elsewhere in the euro zone periphery, Eurogroup President Jean-Claude Juncker said Greece, the epicenter of the crisis, has acted to secure a second bailout but the money can only be paid out after a bond swap between Athens and private investors is ... See all stories on this topic » Business Recorder

IMF Will Probably Discuss Loan to Greece at March 13 Meeting ... The International Monetary Fund set March 13 as a tentative date to discuss... ETFs · Mutual Funds · Economic Calendar · Forex Trading Videos · IslamicFinance ... progress in building a broader financial firewall to fight the debtcrisis. ... at 30 billion euros, including money still owed from a first loan, anIMF official said Feb. www.bloomberg.com/.../imf-will-probably-discuss-loan-to-gre...

Pressed by Unrest and Money Woes, Egypt Accepts I.M.F. Loan The $3.2 billion loan will throw a much-needed financial lifeline to Egypt, a country reeling from a year of economic crisis and social unrest after the ouster of the ... www.nytimes.com/2012/02/.../egypt-announces-imf-loan.html

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