FINANCIAL News, Money, Banks, Economic and Financial Crisis, May 01, 2012

Eurozone Austerity Faces Increasing Political Challenges as Economy Worsens Huffington Post (blog) It has become a ritual: Every six months I debate the IMF at their annual meetings, most recently represented by their Deputy Director for Europe. It takes place in the same room of that giant greenhouse-looking World Bankbuilding on 19th Street in ... See all stories on this topic »

Hollande Seen Bowing to Crisis in Socialists' Balancing Act Bloomberg The challenges for the next president include creating jobs and increasing competitiveness while keeping the region's financialwoes at bay. France's debt is approaching 90 percent of gross domestic product and jobless claims are at a 12-year high. See all stories on this topic » Bloomberg

Egypt's Moussa Sees Spending Vital to Economic Recovery BusinessWeek “We will need to pump money into the economy to create jobs,” Ashraf Sweilam, Moussa's economic adviser, said in a telephone interview from Cairo. “We will not increase the budget deficit a lot, especially if we restore security. See all stories on this topic »

Austerity Vs. Growth In The Eurozone Business Insider The European Central Bank's massive 3-year LTRO variant of quantitative easing reduced pressures in the Eurozone's financial system in the first quarter, lowering interbank spreads, and is still working through the system. However, it did not solve the ... See all stories on this topic »

Debt crisis: Live Telegraph.co.uk The view on the economy has swung from optimism to pessimism of late and this could bring us back to the middle. ISM suggests there's no real reason to get too concerned about the path of the US economy at this point. 17.35 US markets are continiuing ... See all stories on this topic » Telegraph.co.uk

Bernanke: Be Humble! Gold Seek A key reason why all the money that has been printed hasn't made it to the real economy is because major deflationary forces are present, as a result of the financial crisis. In our assessment, in the run-up to the financial crisis, the Fed had lost ... See all stories on this topic » Gold Seek

Neosho Capital: The Ongoing Eurozone Debt And 'Risk-Free Rate' Seeking Alpha Perhaps after all the talk and worry about such an event, investors andfinancial types worldwide were well prepared psychologically for its actual occurrence. The default may have been "orderly." but it was definitely a default: all holders of credit ... See all stories on this topic »

Eurozone crisis live: May Day austerity protests in Greece; Venizelos warns ... The Guardian Currently though it is a battle between those who blame the crisison the providers of capital – the banking and financial industry and unfettered capitalism – and those who blame Europe's bloated and unaffordable welfare state – which benefits the ... See all stories on this topic » The Guardian

This is how to run the economy Financial Express Bangladesh The IMF does some good things too! The FM states at the beginning of the Memorandum of Economic and Financial Policies: "Macroeconomic pressures have intensified over the past 18 months resulting in heightened risks to Bangladesh's external position". See all stories on this topic »

Austerity Fires Voter Vengeance Against Euro Business Insider ... be imbued in the European Central Bank (ECB). But more recently, as the over-borrowed PIIGS appeared near to default, the German political elite saw the opportunity to extend their political power by means of financial 'rescue' operations. See all stories on this topic »

Force Taxpayers to Buy Spanish Bonds is Ludicrous Proposal From Harvard ... The Market Oracle As the economic crisis lingers on, the number of ludicrous proposals to deal with the crisis rises every month. I have lost count by now of preposterous ideas and who made them (does anyone have the complete list?), but a proposal by Harvard Economics ... See all stories on this topic »

Venizelos Says Greece May Be Pushed Out of Eurozone Greek Reporter By Andy Dabilis on May 1, 2012 in Economy, News, Politics ATHENS – After two years of pay cuts, tax hikes, slashed pensions, a reduced minimum wage and the slated firing of 150000 public workers imposed during his watch as FinanceMinister, ... See all stories on this topic » Greek Reporter

Transcript: MMT Summit 2012 A Debate on How to Get Out of the Euro Bay Area Indymedia A similar summit on MMT by the Occupy Movement would go far toward increasing our financial and political economics literacy, as a contribution to the various Occupy Movement teach-ins and workshops on political economytoward greater financial ... See all stories on this topic »

Democracy Vs. The Euro Seeking Alpha This indeed happened until the financial crisis, but it wasn't the benign development many thought it was, quite the contrary. The capital inflows in the periphery created credit and housing bubbles (Spain, Ireland) and put countries to sleep with ... See all stories on this topic »

Is Deflation Exactly What Every U.S. Household Needs? Seeking Alpha There has been a never-ending fear surrounding deflation and the damagingfinancial and social impacts it would have on society. There are very clear and understandable reasons for this. To help investors better understand the long-term flaws of ... See all stories on this topic »

Former Greek Bank Chief Pavlos Psomiadis Jailed Greek Reporter Aspis was one of the first business groups to fall prey to the country΄s economic crisis. T-bank , a small lender that emerged from the wreckage of the group, was nationalized late last year under the terms of the country΄s EU/IMF bailout. See all stories on this topic » Greek Reporter

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