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World Bank Warns Euro Fears May Slow Global Growth New York Times From 2004 to 2007, before the financial crisis hit, the global economy grew at an annual rate of roughly 5 percent, according to International Monetary Fund data. Compared with other forecasters, the World Bank's predictions are slightly more ... See all stories on this topic » | ||
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Banker Who Pushed Spain to Bailout Showed Bankia Losses BusinessWeek The demand for aid, made in consultation with the government and the Bankof Spain, revealed the deepening hole in the balance sheet of Bankia, the country's third-biggest lender, and by extension other parts of the nation'sfinancial system. See all stories on this topic » | ||
After Spanish bailout, troubled markets Christian Science Monitor By Daniel Woolls, AP / June 11, 2012 Euphoria over a lifeline of up to €100 billion ($125 billion) to rescue Spain's hurting banks morphed into a financialmarkets rout in a matter of hours Monday, as investors digested the still-undefined plan and ... See all stories on this topic » | ||
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Eurozone agrees to lend Spain up to 100 billion euros MSN Money By Jan Strupczewski and Julien Toyer BRUSSELS/MADRID (Reuters) - Euro zone finance ministers agreed on Saturday to lend Spain up to 100 billion euros ($125 billion) to shore up its teetering banks and Madrid said it would specify precisely how much it ... See all stories on this topic » | ||
Spain to be under 'troika' supervision The Daily Star Financial markets responded with relief to Saturday's eurozone deal to lend Madrid up to 100 billion euros ($125 billion) to recapitalize debt-laden banks, with investors scooping up battered financial shares. The euro and European stocks jumped, ... See all stories on this topic » | ||
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Spanish “Assistance” or “Bailout” Daily Reckoning - Australian Edition By The Daily Reckoning • June 12th, 2012 • Related Articles • Filed Under On 11 April 2011, then Spanish Finance Minister Elena Salgado stated: "I do not see any risk of contagion. We are totally out of this." A little over a year later, Ms Salgado and ... See all stories on this topic » | ||
Analysis: Ukraine assets still only for the brave Reuters Contrary to expectations, Ukraine's co-hosting of the Euro 2012 soccer finals has generated little positive publicity as investors focus on its dire financialstate, widening balance of payments deficit and a plunge in its currency to two-year lows. See all stories on this topic » | ||
Canada is a model that works, Harper tells Europe The Province By Mark Kennedy, Postmedia News June 11, 2012 As uncertainty builds about the fragility of the global economy, Prime Minister Stephen Harper has urged other nations to look to Canada as a model for "practical" economicmanagement. See all stories on this topic » | ||
Spain is not Italy or Greece Winnipeg Free Press In the wake of the financial crisis, loans defaulted and Spanish banks were stuck with non-performing real estate loans. Unlike the Federal Reserve in the United States, Spain's central bank cannot print money to mop up bad loans, and the European ... See all stories on this topic » | ||
Can Pretend Capital Rescue Spain's Banks? Daily Reckoning - Australian Edition By Dan Denning • June 12th, 2012 • Related Articles • Filed Under Plus ça change, plus c'est la même chose. We leave for a few weeks and what happens while we're away? Another bailout. If you're convinced Spain's rescue by the European Union is a green ... See all stories on this topic » | ||
Markets Shift Focus Back to Greece Wall Street Pit By Chuck Butler Jun 12, 2012, 9:49 AM Author's Website Good day. A crazy day in the markets yesterday, but a very peaceful evening for me. With everyone gone, I treated myself to eating out and had a steak dinner. I reduced my intake of red meat after ... See all stories on this topic » | ||
Spain Is Now Making Ireland's Mistakes blogs.hbr.org (blog) by Mark Blyth and Stephen Kinsella | 8:01 AM June 12, 2012 Spain is now heading down the same path that bankrupted Ireland. It doesn't have to be this way; and indeed, it shouldn't be this way. Ireland is not a role model for austerity policies, ... See all stories on this topic » | ||
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Newspaper Briefing, including '£8 billion of investor cash earmarked for UK ... Proactive Investors UK Humiliation to bitter end for investors: The long-suffering shareholders of Mouchel face an undignified finale after the consultant and maintenance company said that there would be little left for them in the group's latestfinancial restructuring. See all stories on this topic » | ||
In Spain, euphoria turns to financial market rout iPolitics.ca (subscription) Posted on Mon, Jun 11, 2012, 4:49 pm by AP MADRID, Spain – Euphoria over a lifeline of up to C100 billion ($125 billion) to rescue Spain's hurting banksmorphed into a financial markets rout in a matter of hours Monday, as investors digested the ... See all stories on this topic » |
Finance & Development, June 2012 - Shedding Debt Stijn Claessens - Shedding Debt - Until households and financial institutions... Before the recent crisis, it was financial institutions and households in advanced economies, ... Notable examples were some of the large U.S. investment banks and ... It can take several years to save enough money to make the down payment ... www.imf.org/external/pubs/ft/fandd/2012/06/claessens.htm |
How could Spain's 'secure' banks descend into crisis? | Business ... But the Spanish banking sector was so laden with property debt that the ...The Observer, Sunday 3 June 2012 ... Robert Zoellick, the outgoing president of the World Bank, warned in the Financial Times on ... You're talking about the eurozone's fourth largest economy; you're talking about a very large amount of money." ... www.guardian.co.uk/.../spain-bankia-bailout-imf-eurozone |
Spain seeks $125 billion in EU aid for banks - Jun. 9, 2012 Europe's Debt Crisis ... By Ben Rooney @CNNMoneyInvest June 9, 2012: 4:57 PM ET ... Spain's banking system is healthy, but some banks are vulnerable, the IMF says. ... economy minister, Luis de Guindos, announced the request at a news ... the health of Spain's economy and as concrete steps on the path to financial ... money.cnn.com/2012/06/09/investing/imf-spain/index.htm |
Debt crisis: Spain bows to €100bn bank bailout - Telegraph Monday 11 June 2012 ... Spain's Economy Minister Luis de ... He said Spain intends to ask for financial help to shore up its banking sector, but insisted it was not ... www.telegraph.co.uk/.../Debt-crisis-Spain-bows-to-100bn-ban... |
BBC News - Eurozone ministers discuss Spanish bank rescue 9 June 2012 Last updated at 13:40 ET ... The Spanish economy ministry is to hold a news conference shortly. ... "What we're working on at the moment is the recapitalisation of the financial entities that need it, ... boom collapsed, Spain's financial sector was plunged into what the IMF described as an "unprecedented" crisis. www.bbc.co.uk/news/business-18377482 |
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