IMF
IMF Articles
By God, the Greeks will suffer for profligacy. If the IMGÂ and Eurozone nations give them a dime, they will take it out in blood. The rescue package which was once 40 billion euros or 50 billion will...
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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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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 of the nation’s...
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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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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...
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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 the...
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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...
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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 situation...
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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 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 3.1%. China, of course, is at the lead with...
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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...
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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 be used if one of the firms fails....
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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 euros it will need...
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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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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 that are not...
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