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Posts related to ‘IMF’

China Races To A Bailout Of PIIGS

Posted: January 6, 2011 at 6:03 am

China says it will buy as much as $7.9 billion of Spain's sovereign debt. That is a large investment given Spain's modest $1.3 trillion GDP. China can spare that money. ...
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The US Can’t Feed Europe To The Wolves

Posted: December 2, 2010 at 3:30 am

The U.S. contributed $13 billion to rebuild Europe after World War II. More than 60 years later, Uncle Sam may ride to the continent's rescue again. Financial markets reacted Wednesday ...
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The Twitter-24/7 Wall St. Stock Market Report 7.8.2010 The Wisdom Of Crowds

Posted: July 8, 2010 at 8:28 am

Twitter has, by most estimates, 100 million members, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have ...
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Oil Races Back Toward $65

Posted: July 1, 2010 at 6:04 am

The Gulf oil leak and Hurricane Alex are not moving up crude prices.  In fact, the price of oil is back below $75 .Oil dropped into the $65 range last ...
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IMF Makes Another Unrealistic Call For Austerity

Posted: June 9, 2010 at 7:27 am

The IMF has made another call for austerity in spending, particularly in Europe. The agency has also put restated its belief that growth in GDP is Europe's only path to ...
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The IMF Looks For An Illusive Unity

Posted: June 8, 2010 at 5:53 am

The IMF released its white paper on Euro-area policy on June 7. The document argued for growth more than austerity. There were road maps for each approach, but these are, ...
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US Cost Of Euro Bailout Will Only Be $100 Billion

Posted: June 7, 2010 at 2:35 pm

The costs to US taxpayers for bailing out the week Euro nations will only be $100 billion, a bit less than the price tag for salvaging GM, Bank of America ...
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IMF Batters Spain

Posted: May 25, 2010 at 7:35 am

Its credit rating in tatters and it banks in trouble, Spain was kicked by S&P while it was down. The agency said: Spain’s economy needs far-reaching and comprehensive reforms. The ...
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IMF Points To Japan As Next Trouble Spot

Posted: May 20, 2010 at 4:59 am

The IMF had indicated that Japan may be the next trouble spot in the global economy, adding it to a list of several counties in Europe. The  agency visited the ...
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Very Little For Germany In A United Europe

Posted: May 12, 2010 at 5:59 am

The head of the IMF, Dominique Strauss-Kahn, has encouraged European nations to join forces more closely by aligning their economies more tightly to combat future disasters like the Greek debt crisis. ...
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European Bailout Loses Support As Analysts See Flaws

Posted: May 11, 2010 at 5:04 am

Global markets have begun to reject the value of the nearly $1 trillion facility set up by Eurozone nations, the IMF, and the European Central Bank. The influx of capital was ...
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The EU Rescue: End Of “Wolf Packs” But Not Riots

Posted: May 10, 2010 at 5:16 am

The EU laid out its ambitious plan to steady the finances of the region. The three-part program was explained by the group: "The Council and the Member States have decided today on a comprehensive ...
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The Germans Knuckle Under

Posted: May 7, 2010 at 5:54 am

Whether the Germans wanted to flaunt it or not, they have always been the economic linchpin of the Eurozone. They were, until last year when China pulled ahead, the world's ...
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Greek Bailout Set, Papandreou Faces Challenges To Remain Premier

Posted: May 2, 2010 at 9:24 am

The Eurozone nations and IMF have bailed out Greece to the tune of more than $146 billion dollars, and Greece faces budget cuts of $40 billion over the next three years ...
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A Scorched Earth Policy For Greece

Posted: April 30, 2010 at 5:21 am

By God, the Greeks will suffer for profligacy. If the IMG and Eurozone nations give them a dime, they will take it out in blood. The rescue package which was once ...
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