FINANCIAL News, Money, Banks, Economic and Financial Crisis, Jun 02, 2012

The UK is praying Spain sorts out its banking crisis Telegraph.co.uk As Spanish bond yields spiralled to unsustainable levels of 6.68pc on Thursday, the country's deputy prime minister, Soraya Saenz de Santamaria, was despatched to Washington for talks with the IMF's managing director, Christine Lagarde, and US treasury ... See all stories on this topic »

The Global Credit Crunch Is Just Getting Started Business Insider Warner writes about an S&P report that estimates the amounts industrialized nations' industries need to finance and refinance over the next four years, About $10 trillion a year on average. Where will they turn to borrow this money? Not to the banks, ... See all stories on this topic » Business Insider

Microeconomic stability main focus of budget: Hafeez Business Recorder (blog) ISLAMABAD: Federal Minister for Finance Dr Abdul Hafeez Shaikh said on Friday that the main focus of the Federal Budget 2012-13 was to sustain continuity of microeconomic stability and ensure relief to the vulnerable segments of society. See all stories on this topic » Business Recorder (blog)

Your view | Guardian Weekend readers letters The Guardian Rob Wall Bedford Christine Lagarde shows the paucity of theIMF's understanding of the origins of the financial crisis and the poverty of its imagination in dealing with the problem that the IMF, and every other financial institution across the ... See all stories on this topic » The Guardian

US shuttle diplomacy seeks to pull Europe back from brink Oman Tribune WASHINGTON The Obama administration is engaged in a fresh round of shuttle diplomacy to nudge European Union leaders into decisive action to prevent Europe's widening crisis from undermining the US and global recoveries. Officials in Washington believe ... See all stories on this topic »

Germans ease austerity pace for Spain Business Recorder (blog) EU paymaster Germany softened its drive for austerity across the euro zone on Friday, agreeing to allow Spain more time to cut its deficit while its battles a deepening bank crisis, capital flight and recession. Irish voters backed a European budget ... See all stories on this topic »

Populist budget, next stop polls The Nation, Pakistan With his ears plugged, Finance Minister Dr Abdul Hafeez Shaikh presented the financial outlay saying that it “was a historic moment and the nation should be proud of it”, and “the world must watch that democracy was flourishing in the country”. See all stories on this topic » The Nation, Pakistan

Free trade may not allay poverty Malaysia Star The most severe ones were the “Tequila Crisis” in Mexico (1994), the Asian Financial Crisis in 1997, which spilled over to Russia (1998), Brazil (1999), Argentina (2000) Turkey (2001), and eventually the subprime crisis (2008). Yet, as IMF continues to ... See all stories on this topic »

Budget Speech 2012-13 The News International As a nation, we have managed the challenges of an inherited economic crisis, regional conflict, global turmoil, and the great floods of 2010 – this shows the resilience of the Pakistani nation. It's a testimony to the will of our people to overcome ... See all stories on this topic » The News International

Euro hits two-year low in Asia Business Recorder (blog) Both the euro and the Australian dollar dipped against the US currency after data provided fresh evidence of a slowdown in China's economy. The Australian dollar fell 0.5 percent to $0.9673 and touched an eight-month low of $0.9648 at one point after ... See all stories on this topic »

Republic of Ireland premier Kenny wants EU to slash bailout costs following ... Belfast Telegraph "Ireland has established a strong track record in implementing its EU/IMF financial programme. Today's vote represents a significant step towards Ireland's economic recovery and its place at the heart of the EU," he said. Declan Ganley, founder of the ... See all stories on this topic » Belfast Telegraph

Irate Greeks vilify IMF chief on Facebook after she brands them tax ... The International Monetary Fund managing director Christine Lagarde Photo: PA ... former prime minister warned the country could run out of themoney by the ... renewed efforts in Brussels to devise a eurozone fund,financed by a levy on all ... including capital controls to weaken the franc should the euro crisis escalate. www.telegraph.co.uk/.../Irate-Greeks-vilify-IMF-chief-on-Fac...

Back to Basics: What are Money Markets? --Finance & Development ... 46 Finance & Development June 2012. UnTiL problems surfaced during the global finan- cial crisis, money markets were often taken for granted as plain- vanilla, ... www.imf.org/external/pubs/ft/fandd/2012/06/pdf/basics.pdf

info@als-alexander.com or interalex1@yahoo.com