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Eastern Europe Economy

Banking on Failure: FDIC Shutting Down Insolvent Banks at a Record Pace

Sheldon Filger | Posted 05.25.2011 | Business
Sheldon Filger

It is preposterous to conclude that the U.S. banking sector is well capitalized and strong enough to endure a severe economic recession.

IMF Urges Eastern Europe To Adopt Euro Without Joining Eurozone

Financial Times | Posted 05.25.2011 | World

Crisis-hit European Union states in central and eastern Europe should consider scrapping their currencies in favour of the euro even without formally ...

Romania Becomes Third Eastern EU Country To Be Bailed Out

The Guardian | David Gow | Posted 05.25.2011 | World

The European Union, IMF and World Bank today bailed out Romania with a €20bn (£18.5bn) loan in return for severe cuts in public spending and wages....

Angela Merkel Rejects Bailout Plan For Eastern EU Nations

AP | CONSTANT BRAND | Posted 05.25.2011 | World

BRUSSELS — German Chancellor Angela Merkel and other EU leaders flatly rejected a new multibillion euro (dollar) bailout for eastern Europe on S...