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International Monetary Fund

IMF Agrees To Terms For Spending Huge Fund

Reuters | Posted 08.15.2012 | Business

WASHINGTON, June 15 (Reuters) - The International Monetary Fund agreed on Friday that it would only draw on the $430 billion in extra resources comm...

Spain Lifts Ban on Hooker Advertising

Tony Phillips | Posted 08.12.2012 | Weird News
Tony Phillips

Those seem like sound ideas to me, but they might be beyond the reach of the various governments in those countries where, much to the chagrin of the European Central Bank, citizens do still have the right to vote.

Spain To Be Monitored After Bailout

Reuters | Posted 08.11.2012 | Business

* Relief rally over 100 billion euro package fizzles fast * All eyes on Greek election for next test in debt crisis * Cy...

Biggest European Country So Far To Request Bailout

Reuters | Posted 08.08.2012 | Business

(Adds Spanish spokeswoman, background) * Sources-euro zone finance ministers to hold conference call Saturday * Stateme...

IMF Chief, Who Doesn't Pay Taxes, Slams Greeks For Not Paying Taxes

The Huffington Post | Alexander Eichler | Posted 05.30.2012 | Business

IMF chief Christine Lagarde wants the people of Greece to pay their taxes. The problem? She doesn't really pay taxes herself. Last Friday, The Gua...

New ILO Leadership Could Push For Better Economic Policies

Mark Weisbrot | Posted 07.29.2012 | World
Mark Weisbrot

Since Europe has by far the largest banking system in the world, the eurozone crisis is also a significant drag on growth and employment throughout most of the world, and could easily do more damage if it is not resolved.

Greek Joblessness Hits Record High

Reuters | Posted 07.10.2012 | Business

* Unemployment hits record 21.7 pct in February * Nearly 1.1 million out of a job, most in big cities * Some 54 pct of y...

Why Tension Between World Leaders Is Mounting

Reuters | Posted 06.13.2012 | Business

By Lesley Wroughton WASHINGTON, April 13 (Reuters) - Tensions among some of the world's leading economies are on a boil over a plan to...

Greek PM: More 'Financial Support May Be Necessary'

Reuters | Posted 05.30.2012 | Business

MILAN, March 30 (Reuters) - Prime Minister Lucas Papademos said on Friday Greece may need a third bailout package if the sweeping austerity measures...

Choosing the Next President of the World Bank

Patrick Sharma | Posted 05.14.2012 | Business
Patrick Sharma

Robert Zoellick's recent announcement that he will step down as president of the World Bank in June has cast new light on an old problem: who should lead the Bank and how should he or she be chosen?

Greece Needs To Keep Slashing Its Budget

Reuters | Posted 05.13.2012 | Business

By Jan Strupczewski BRUSSELS, March 13 (Reuters) - Greece will have to slash a further 5.5 percent of GDP in government spending in 2...

Greek Official: 'This Is The Only Way To Keep The Country On Its Feet'

Reuters | Posted 05.09.2012 | Business

* Around 86 pct of Greek law bonds submitted for swap * Some reluctant creditors to be forced to accept deal * New bonds...

There's A Threat To The Global Economy 'Right In Front Of Us'

Reuters | Posted 04.25.2012 | Business

MEXICO CITY, Feb 24 (Reuters) - The International Monetary Fund flagged higher oil prices as a rising threat to the global economy on Friday, urging...

The World's Most Indebted Countries

24/7 Wall St. | Michael Sauter, Charles Stockdale, Ashley Allen | Posted 02.15.2012 | Business

From 24/7 Wall St.: The Greek government on Sunday agreed to drastic austerity measures in the hopes of securing a 130 billion euro bailout from inter...

The Impact of the Gloomier Global Outlook on Latin America

Nicolás Eyzaguirre | Posted 04.14.2012 | Business
Nicolás Eyzaguirre

But let me emphasize, the outlook for the region hinges on policy action in Europe. Policymakers there need to intensify their efforts to contain the crisis, and put an end to the rise in sovereign spreads and the cutback in bank lending that threaten the global economy in 2012.

EU Demands More From Greece Bailout Deal

Reuters | Posted 04.10.2012 | Business

* Greece says has deal with creditors, party leaders * Euro zone ministers demand action before more aid * Want parliame...

IMF Chief Economist: Greece Haircut Will Be 'Very Large'

Reuters | Posted 04.07.2012 | Business

WASHINGTON, Feb 6 (Reuters) - The IMF's chief economist, Olivier Blanchard, said on Monday it looks like the 'haircut' on Greek private debt will be...

Greece Misses Another Deadline In Bailout Deal Talks

Reuters | Posted 04.07.2012 | Business

* Greek leaders baulking at pay and spending cuts * Merkel says time is of the essence * Paperwork snag delays party tal...

'I've Never Been As Scared As Now'

Peter S. Goodman | Posted 03.29.2012 | Business
Peter S. Goodman

DAVOS, Switzerland -- They came, they feasted on smoked sturgeon and black truffle risotto, drank liquor paid for by global banks, endured dozens of s...

The U.S. Has Lost These Industries To China

24/7 Wall St. | Charles B. Stockdale, Douglas A. McIntyre | Posted 03.26.2012 | Business

From 24/7 Wall St.: Americans are used to the U.S. being the leader, or a top-ranked nation, in many areas. But in a number of industries and business...

Eurozone Finance Ministers Reject Greek Debt Deal, As Default Threat Looms

Reuters | Posted 03.24.2012 | Business

* Euro zone ministers to discuss debt swap, 2nd bailout * Private sector negotiators say have made their best offer * IM...

China: Funding Pledge To IMF Should Be Honored

Reuters | Posted 03.19.2012 | Business

BEIJING, Jan 19 (Reuters) - China's Foreign Ministry said on Thursday that the world's leading economic powers should honour a pledge to ensure the ...

Trade Winds -- Has the Spectre of Protectionism Blown Away?

Tamim Bayoumi | Posted 03.12.2012 | Business
Tamim Bayoumi

The global crisis has pushed trade reforms off -- or at least to the edge of -- the political radar screen. But shying away from improving the trade system in these tough economic times seems a little like cutting off your nose to spite your face.

Latin America: What's Ahead In 2012?

Nicolás Eyzaguirre | Posted 03.07.2012 | Business
Nicolás Eyzaguirre

A few days after the first sunrise of 2012 kissed the shores of Latin America, it is natural to ask: What does the New Year hold for the region's economies, especially with Europe still under stress?

ECB's Stark: More IMF Involvement In Europe 'Would Be Act Of Desperation'

Posted 12.12.2011 | Business

Higher involvement by the International Monetary Fund (IMF) in the euro zone's efforts to stem its debt crisis would be an act of desperation, outgoin...