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Posts related to ‘IMF’

Spanish Unemployment Moves Above 20%, Europe Numbers Not Credible

Posted: April 29, 2010 at 5:00 am

Spanish unemployment was higher than estimated in the first quarter which means that its credit crisis may be getting worse more quickly then believed. Information from Spanish newspaper ABC.es and ...
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How The Greek Debt Problem Can Be Fixed

Posted: April 28, 2010 at 5:19 am

Update: The German opposition Green Party said that the Greek bailout could cost 120 billion euros. The yield on Greek two-year bonds rose to 13.5% as S&P cut the credit rating ...
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S&P Downgrades Portugal, Greece Cut To Junk

Posted: April 27, 2010 at 11:32 am

In another sign that the sovereign debt problem in Europe could spread beyond Greece, S&P downgraded the debt of Portugal by two levels to A- from A+. Greece's debt was simultaneously cut to ...
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Germany Holds A Gun To Greece’s Head

Posted: April 25, 2010 at 8:12 am

The ministers attending the G20 conference urged the IMF and Eurozone nations to handle the debt situation in Greece as quickly as possible. There is understandable concern that if the capital markets fear ...
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Angela Merkel Begins To Walk Away From Greece

Posted: April 23, 2010 at 12:31 pm

Angela Merkel, Germany's Chancellor, is about to walk away from offering aid to Greece. That will almost certainly lead to Greece's default on its sovereign obligations. Greece does not have ...
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Greece Begs

Posted: April 23, 2010 at 6:15 am

Greece  petitioned Eurozone nations and the IMF for the funds necessary to keep it  solvent, according to several media sources. The Eurozone countries have made a "promise" to join the International Monetary ...
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IMF World Economic Outlook: Cloudy With A Chance Of Rain

Posted: April 21, 2010 at 11:14 am

The International Monetary Fund is out with its latest World Economic Outlook. The document goes to great lengths to contradict itself, leaving the reader to wonder if the global financial ...
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IMF Says Financial System Is Better, But Not Really

Posted: April 20, 2010 at 11:47 am

The good news from the IMF April Global Stability Report is that worldwide bank write-down should be $2.3 trillion and not the $2.8 trilion that the agency estimated last October. The IMF said ...
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The IMF Says Global Economy Is On Fire

Posted: April 19, 2010 at 5:21 am

The IMF said that the growth of the global economy is heating up and that worldwide GDP will be 4% this year. Last October the estimate was as low as ...
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The IMF And The Greek Chapter 11

Posted: April 16, 2010 at 6:18 am

George Papandreou, the besieged prime minister of Greece, told his parliament that the southern European nation is not bankrupt though the IMF may have to join Eurozone nations in a bailout. According ...
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Breaking The Banks With A New “Sin Tax”

Posted: April 14, 2010 at 6:00 am

Regulators in the US and Europe are still sifting through a variety of programs that would create a tariff on large  banks to create a pool of money that could ...
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The 300 Billion Euro Greek Problem

Posted: April 14, 2010 at 4:37 am

Greece will have to raise 12 billion euros in the next two months to relieve its sovereign debt obligations and cover deficits. That is a relatively small part of the 54 billion ...
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Greece Gets 30 Billion Euro Bailout Gift

Posted: April 11, 2010 at 11:16 am

The most remarkable thing about the 30  billion euro bailout package for Greece by the euro-zone nations is the interest rate--5%. The yield on Greek sovereign debt was well over two points ...
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Germany Will Bail Out Its Banks, Not Greece

Posted: April 9, 2010 at 9:38 am

Greece needs 53 billion in euros to cover its deficit and debt service this year. Germany and France are dragging their feet rather than providing Greece immediate aid, for reasons ...
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ECB’s Trichet: What? Me, Worry

Posted: April 8, 2010 at 7:19 pm

Jean-Claude Trichet, president of the European Central Bank, an agency with almost no power, said that Greece will not default on its debts. It was as if there is some magic ...
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