10 Updates

IMF, eurozone reach deal on Greek debt

Source: CNN/Money, Nov 26 2012, 8:11pm CST

A key hurdle has been removed for the next Greek bailout package. HONG KONG (CNNMoney) -- Eurozone finance ministers and the International Monetary Fund announced Monday they had reached an agreement that moves Greece ...

Continue reading on: CNN/Money

 
 
Update
10

49 minutes ago

The vicious cycle of eurozone decline

Source: Morning Star Online  |   May 19 2013, 3:09pm CDT

Yes, now it's France, back in recession for the third time in four years, which is being lectured on the need to submit to the rigours of neoliberal change. The Financial Times recommends "hard measures" to give the economy the "drive ...

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Update
9

24 weeks ago


Quote:
"This builds on the significant efforts by the Greek government to carry forward its fiscal and structural reform agenda"


Source: CNN/Money

 

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Update
8

1 hour ago

Sovereign Rates Suggest Further Fall In The Euro

Source: Seeking Alpha  |   May 19 2013, 2:41pm CDT

The fundamental story surrounding the eurozone reflects a region where countries are either falling into recession or already there. GDP data released last week showed France and Italy continuing to contract and Germany on the brink of n ...

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Update
7

5 hours ago

BIS and IMF attacks on quantitative easing deeply misguided warn monetarists

Source: The Telegraph  |   May 19 2013, 9:59am CDT

Columbia Professor Michael Woodford, America's leading monetarist, told a London forum recently that the global authorities must not repeat the mistake made by the Bank of Japan when it drained money too fast, thinking the e ...

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Update
6

6 hours ago

Sovereign debt concerns in 2013

Source: Econbrowser  |   May 19 2013, 9:07am CDT

Europe has now been in an economic recession for a year and a half, with Eurostat reporting that the 17 EU countries had an average drop of real GDP of 0.6% in 2012. But real GDP in the 5 countries just mentioned fell 2.5%, while in the other 12 it gr ...

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Update
5

8 hours ago

Greece to sell Postbank, Proton in July, stress-test big banks

Source: Yahoo News: Business  |   May 19 2013, 7:24am CDT

ATHENS (Reuters) - Greece's bank rescue fund will aim to sell Hellenic Postbank and Proton by mid-July with big banks continuing to absorb small lenders as part of plans to revive the battered sector, the country's forei ...

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Update
4

17 hours ago

Greece enters sixth year of recession

Source: Bangkok Post  |   May 18 2013, 10:49pm CDT

Data released last week showed Greece entered its sixth straight year of recession, but there is now cautious optimism about the economy's prospects although unemployment is still hitting record highs and consumers are squeezed by ...

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Update
3

17 hours ago

Japan's economic rebound a recipe for Europe?

Source: EUbusiness  |   May 18 2013, 10:12pm CDT

(PARIS) - The recovery of the Japanese economy, just as a recession in Europe digs in, is renewing pressure on European policymakers to shift course from austerity to stimulus. Data released on Thursday ...

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Update
2

1 day ago

The World's 5 Most Debt-Ridden Countries

Source: Motley Fool  |   May 18 2013, 8:20am CDT

The single, easiest way to keep track of all the stocks that matter... Your own personalized stock watchlist! It's a 100% FREE Motley Fool service... No economic conversation has captured the public's eye quite like the explosion of nati ...

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Update
1

1 day ago

Slovenia Downgrade By Second Agency

Source: Sky News  |   May 18 2013, 7:42am CDT

"The consolidation of public finances will follow the objectives that have been clearly set," Slovenia's finance ministry said in a statement. "We will efficiently carry out all the necessary measures drawn in its stability and re ...

Continue reading on: Sky News  More like this

 
 
 
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