(Reuters) - IMF chief Christine Lagarde on Thursday urged member countries to quickly sign off on an agreement last year to double IMF resources and give under-represented nations, such as China, greater voting power in the global lender.
Global class war rages
In Africa and elsewhere, burgeoning population growth threatens to overwhelm already over-stretched food supply systems. But the next agricultural revolution needs to get local — and must start to see rising populations as potentially part of the s
Unfortunately, global financial markets were not terribly impressed with this move by the ECB. European bond yields actually rose and the euro just kept on falling.
The European Central Bank’s decision Wednesday to offer loan help to the region’s financial institutions was closely watched by U.S. companies, which have extensive ties to troubled European markets.
Banks gobbled up nearly 490 billion euros in three-year cut-price loans from the European Central Bank on Wednesday, easing immediate fears of a credit crunch but leaving unresolved how much will flow to needy euro zone economies.
Global class war rages
Those yields have been falling sharply recently, amid excitement that a three-year European Central Bank funding operation could depress the price of short-term sovereign borrowing in the two fragile countries.
It's the worst of all combinations for the Euro right now: Risk off coupled with a massive ECB liquidity exercised.
World markets started the day in positive territory in anticipation of the ECB's big 3-year liquidity operation, designed to let banks borrow money cheaply while using a wide range of collateral.
A slave in order to work must be feed and accommodated, an economic slave must do these things for him/her self.
The economic establishment in this country has come to the conclusion that it is not a matter of "if" the United States must intervene in the bailout of the euro, but simply a question of "when" and "how."
The economic establishment in this country has come to the conclusion that it is not a matter of "if" the United States must intervene in the bailout of the euro, but simply a question of "when" and "how".
Reuters) - European finance ministers looked unlikely to reach a target of boosting IMF resources by 200 billion euros to ward off the debt crisis on Monday, after Britain said it would not take part in a plan aimed specifically at helping the euro z
Eurozone economies face potential collapse
France’s credit outlook was lowered by Fitch Ratings, which also put the grades of nations including Spain and Italy on review for a downgrade, citing Europe’s failure to find a “comprehensive solution” to the debt crisis.
Moody's on Friday cut Belgium's credit rating by two notches, saying the euro zone debt crisis increases funding risks for countries with high public debt burdens. Concerns about Belgium's economic growth prospects and its banking system, particul
A comprehensive solution to the euro zone debt crisis is beyond the region's reach, rating agency Fitch said, warning that six of its economies including Italy and Spain could be hit with credit downgrades in the near future.
Standard & Poor's expected downgrade could create panic in the financial markets and make eurozone crisis even worse
Yields on short-term peripheral sovereign bonds are plunging, despite the fact that EU leaders appeared to make little progress at their highly-anticipated summit last week.
“There is no economy in the world, whether low-income countries, emerging markets, middle-income countries or super-advanced economies that will be immune to the crisis that we see not only unfolding but escalating,” Christine Lagarde said in a speec
Class war rages across Europe
The proprietor of a bar in Dublin. She realises that virtually all of her customers are unemployed alcoholics and, as such, can no longer afford to patronise her bar – she will go broke. To solve this problem, she comes up with a new marketing plan
Class war across Europe rages
"The greatest shortcoming of the human race is our inability to understand the exponential function." And he has asked, "Can you think of any problem in any area of human endeavour on any scale, from microscopic to global, whose long-ter
This is my own photo of the hilarious thirty- foot blue plastic statue of the EURO symbol, mentioned in the interview, taken when I strolled through the Willy Brandt plaza, in downtown frankfurt one morning.
World investors pushed up borrowing costs for Italy and Spain on Monday, and the Moody’s ratings agency threatened a new downgrade of euro-zone governments as analysts digested the outcome of last week’s European summit.
While it is no surprise that Greek bank deposits are rapidly fleeing both the country's banking system, and the country, following September's record outflow of €5.5 billion, the situation just got far worse, after October data reveals that a record
In a double-whammy of downbeat dystopian discussions, GMO and Kyle Bass are active on the inevitability of Europe's demise. Perhaps that is too strong but the two are focused directly, in separate pieces, on the huge need for capital and the dire dea
But the bulk of it — 10,600 tonnes — came from weapons repurposing via an agreement between the United States and Russia. The warheads you were supposed to hide under your desk from are now powering the same cities they were once meant to destroy.