FINANCIAL News, Money, Banks, Economic and Financial Crisis, Apr 10, 2012

Commodity Prices More Likely to Fall: IMF CNBC.com Moreover, these larger contractions were not simply driven by financial crises. The relationship between household debt and the contraction in consumption also holds for economies that did not experience a banking crisis around the time of the housing ... See all stories on this topic »

IMF: Governments should help with mortgages to avoid prolonged slump The Guardian Governments should step in to help struggling households write off part of their mortgages in the wake of a financial crisis to avoid the risk of a prolonged economic slump, according to new research by the International Monetary Fund. See all stories on this topic » The Guardian

Household debt casts long economic shadow: IMF CNBC.com The findings suggest that economies of the United States, the UK and other European countries that saw consumer debt balloon along with house prices ahead of the onset of the financial crisis in 2007 may only just be starting to see the light at the ... See all stories on this topic »

IMF urges authorities to consider debt forgiveness to restore growth Telegraph.co.uk Photo: GETTY By Philip Aldrick, Economics Editor High levels of household debt restrain consumer spending and delay recoveries, the Bretton Woods institution concluded in an analysis of crises over the past century. While cutting interest rates and ... See all stories on this topic » Telegraph.co.uk

Emerging market credit shrinks though pace slows-IIF Reuters IIF chief economist Philip Suttle said he expects central banks in many emerging economies to loosen monetary conditions in the months ahead. EUROPE'S FIREWALL DISAPPOINTING In Europe, moves to resolve its debtcrisis through a second rescue package ... See all stories on this topic »

IMF pushes case for US debt forgiveness Financial Times In a chapter of its World Economic Outlook, published ahead of its spring meeting in Washington next week, the IMF argues that cutting household debts is a low cost way to limit the economic damage of a recession after afinancial crisis. See all stories on this topic »

IMF says targeted debt reduction policies can work RTE.ie The IMF has said that targeted household debt reduction policies can deliver significant economic benefits. The IMF has said that targeted household debt reduction policies - including mortgage write-downs - can deliver significanteconomic benefits. See all stories on this topic »

Household Debt Holds Back Recoveries but Restructuring Can Help International Monetary Fund Nor is the larger contraction in the economy simply driven by financial crises. The research finds that the relationship between household debt and the contraction in consumption holds even for economies that did not experience a banking crisis around ... See all stories on this topic »

THE BIG PICTURE: The hurdles facing the global economy SmartCompany.com.au Financial market participants are understandably jittery given the GlobalFinancial Crisis and European Debt Crisis that have dominated attention since 2007. The good news is that so far in 2012 the hurdles have been cleared. See all stories on this topic »

Echoes of the crisis Europolitics.info IIF wants less austerity and more common resources: The Institute of International Finance (IIF) called, on 9 April, for less budget austerity and more common resources in order to overcome the economic crisis in the eurozone. See all stories on this topic »

IIF Urges Bigger EU Firewall NASDAQ Also, if Greece, Ireland and Portugal show steady commitment to improve the health of their economies under ongoing loan programs, Europe should give clear assurances it will continue financial support. That would take "a huge amount of uncertainty" ... See all stories on this topic »

The new imperialism. How Brussels bullies Budapest for not conforming to... Daily Mail After all, the ECB has injected over a trillion euros of liquidity into eurozone banks to reassure markets and prop up ailing eurozone sovereign bonds. However, the IMF whose mandate is purelyfinancial and economic refuses to negotiate with the ... See all stories on this topic » Daily Mail

GCC Banking Sector is Stable, Profitable: QNB LoanSafe The asset quality of the GCC banking sector is generally good and has been improving in those places that experienced some credit problems following the 2008 financial crisis. The regional non-performing loan (NPL) ratio was 4.6 percent, at end-2010, ... See all stories on this topic »

Major banks say eurozone should ease austerity Sydney Morning Herald A major global banking group says that excessive spending cuts across the euro area are dragging the region's economy down and called for more spending by countries like Germany. The Institute of International Finance, which played a central role in ... See all stories on this topic »

Cement needed to bind BRICS The Australian The global financial crisis discredited the Washington Consensus on deregulated neoliberal capitalism and reset the balance between states and markets. In comparison to most Western economies responsible for thecrisis, most BRICS have disciplined ... See all stories on this topic »

A different kind of Europe? Responses to Trevor Evans Red Pepper How do we respond to the euro crisis? Susan George, Paolo Gerbaudo, Donatella della Porta and James Meadway write The Euromemo Group's recent report is a particularly important and thorough analysis-cum-set of proposals to repair years of ... See all stories on this topic »

IIF Bank Group Offers Debt Restructuring Guide Wall Street Journal "Such a reflection would help sovereign debtors and their private creditors formulate appropriate additional guidelines for more effective ways to both prevent and, if necessary, resolve future sovereign debt crises," the IIF said. See all stories on this topic »

IIF BANKS GROUP : Capital Rules Need Tweaking For Effective ECB Action 4-traders IIF Managing Director Charles Dallara said his members are seeing clear signs that Europe's debt crisis is impeding global finance and trade flows. Aside from Europe's woes, the group said higher oil prices, banks' winding down their debt levels, ... See all stories on this topic »

US OPENING NEWS INCLUDING: ECB funding to Italian banks rose by 40% in March Proactive Investors UK Spain is targeting its education and health services in its next round of reforms, amid rising concerns over its ability to handle its debts, and fears that the stubborn euro crisis is flaring up again. (Xinhua) EUR remains weak, carrying across the ... See all stories on this topic »

Greece to return to growth in 2014: ECB Sydney Morning Herald Asmussen, a former German deputy finance minister who took his ECB seat in January, also insisted that the exceptional measures the central bank has taken since the onset of the eurozone debt crisis were temporary. The ECB pumped around one trillion ... See all stories on this topic »

Greece to return to growth in 2014: German ECB official Outcome Magazine (blog) 04/10/2012 Greece, bailed out by the EU and the IMF and mired in recession for a fifth year, should return to growth from 2014, European Central Bank Greece, bailed out by the EU and the IMF and mired in recession for a fifth year, should return to ... See all stories on this topic »

China's bailout for Europe: Learning to hear no EurActiv The formulation used frequently with minor variations over many months by the Chinese government is the following: “We believe the EU has the wisdom and capability to overcome the debt crisis and we support its measures to tackle the crisis. See all stories on this topic »

EUROPEAN OPENING NEWS INCLUDING: Spain is to cut EUR 10bln from its health and ... Proactive Investors UK (Sources) Fed Chairman Bernanke has said that banks need to have more capital at hand in order to ensure the financial system is stable. (RTRS) Bernanke added that the US economy is yet to recover from the financial crisis, and regulators must continue ... See all stories on this topic »

Interest Rates & Stock Index Inside Futures ... a 4-month high as demand dropped at a Spanish bond auction and after Spanish Prime Minister Rajoy said Spain's situation is one of "extreme difficulty," (2) the warning from IMF Managing Director Lagarde who said “if the European economy falters, ... See all stories on this topic »

Mariano Rajoy loses some of his shine Presseurop (English) The Spanish Prime Minister is bringing in one austerity measure after the other to stave off the economic collapse of his country. But after seven years in opposition, he is finding it difficult to be entirely credible and effective, three economists ... See all stories on this topic » Presseurop (English)

Kenya's Power Shortage Problem Meets Innovative Finance Afribiz.info Mobilizing the resources needed to finance these investments over a short time period was a key issue, especially in the wake of the global economicrecession and the financial crisis. The traditional security package offered to IPPs by KPLC was not ... See all stories on this topic »

TTN April-May 2012 Outlook Fxtraders.eu Spain could be the nexus of the next crisis as it has already admitted it can't meet 2012 fiscal targets in the face of an economy stagnated by crippling unemployment rates, especially among youths. Already Spain has seen unruly demonstrations ... See all stories on this topic »

A Centerless Euro Cannot Hold The Guatemala Times Mundell did not emphasize financial crises, but presumably labor mobility is more important today than ever. Not surprisingly, workers are leaving the eurozone's crisis countries, but not necessarily for its stronger northern region. See all stories on this topic »

Is it Time to Invest in Spanish Property? Write About Property Three countries have currently asked for financial assistance from the IMF, Ireland, Greece and Portugal, but Spain has a smaller problem with debt than those 3 do. Where Spain comes into the debt crisis is its public debt, plus its debt laden banks ... See all stories on this topic »

The Cost of Inequality: A chronicle of capitalist catastrophe Red Pepper As Lansley shows, free‑market capitalism creates instability andeconomic crises. Indeed, it is the root cause of the 2007/08crisis. As the rich got richer, their bank accounts bulged and there were ready customers to borrow this money – the majority ... See all stories on this topic » Red Pepper

BRICS Not Ready for Joint Development Bank World Politics Review Such an approach would also respond to the need expressed by developing countries for further representation and more influence at existing developmentfinance institutions including the World Bank and IMF, and at regional bankslike the Inter-American ... See all stories on this topic »

Joint Statement by President Obama and President Rousseff Whitehouse.gov (press release) To form a US-Brazil Partnership for the 21st Century, the Leaders reviewed the progress of major dialogues elevated to the Presidential-level in March 2011 – the Economic and Financial Dialogue, the Global Partnership Dialogue, and the Strategic Energy ... See all stories on this topic »

4th SCA Annual Conference Ends in Success Zawya (registration) (press release) A number of experts and stakeholders in the financial, bankingand economic sectors attended the conference which was held under the theme: "The Priorities of Arab Capital Markets in Light of Current Economic Developments". In his opening address, ... See all stories on this topic » Zawya (registration) (press release)

Central Bank launches Annual Report 2011 The Island.lk (subscription) Globally, the intensified sovereign debt crisis in the Euro area, sluggish recovery in the world economy and geopolitical uncertainty in some oil producing Middle Eastern and North African countries exerted pressure on oil prices and financial flows. See all stories on this topic »

IMF Survey: Mexico Banks Resilient, But Global Risks Need Care Mexico's banking system is resilient and well capitalized, but a new assessment by the ... In the wake of the global economic crisis, the IMF has strengthened its ... www.imf.org/external/pubs/ft/survey/so/.../CAR033012A.htm

NZers learned lessons of economic crisis, says IMF | The National ... NZers learned lessons of economic crisis, says IMF ... The Reserve Bank's“ accommodative” monetary policy receives the thumbs up, as does the government's ... www.nbr.co.nz/.../nzers-have-learned-lessons-economic-crisis-...

Spain will overcome economic crisis without aid: minister FRANKFURT — Spain will overcome its financial crisis without external aid and even emerge strengthened, Economy Minister Luis de Guindos said in an... www.google.com/.../ALeqM5jNGtjKlgWR8NdPyoWTjO7JaO...

IMF working paper studies impact of financial crisis on low-income ... IMF working paper studies impact of financial crisis on low-income countries.International Monetary Fund ... emerging markets · Economics | 14 Feb 2012 secure ... LIC Asia banks' not isolated from crisis: IMF paper · Financial Stability | 20 ... www.centralbanking.com/.../imf-paper-studies-impact-financia...

IMF urges authorities to consider debt forgiveness to restore growth ... The International Monetary Fund (IMF) has urged governments to consider... to buy distressed mortgages from banks in exchange for government debt.... the Bretton Woods institution concluded in an analysis of crises over the past ... The economy there has now recovered remarkably since its bank-led... Financial Crisis ... www.telegraph.co.uk/.../IMF-urges-authorities-to-consider-de...

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