As a result of the Greek debt crisis, the euro zone may get its own version of the International Monetary Fund (IMF), the EU said today.
The proposed institution, which could be known as the European Monetary Fund (EMF), is being considered to prevent a repeat crisis but would not be set up to organise...
Posted to
Finance
on 03-08-2010
Filed under: All Financial News, Economy News, Debt News, IMF, International Monetary Fund, prevent, EU, proposal, consider, debt crisis, Greece, Portugal, austerity measures, EMF, European Monetary Fund, repeat
You know that the European Union is in trouble when Russia offers more intelligent advice on the eurozone’s debt crisis than Spain, the country that holds the EU’s rotating presidency. Dmitry Medvedev, Russia’s president, disclosed the other day that he had recommended to George Papandreou...
Posted to
Comment
on 02-21-2010
Filed under: Russia, Economic policy, Financial crisis, imf, euro, Spain, eu, European monetary union, Greece, Dmitry Medvedev, Zapatero
The International Monetary Fund (IMF) has today pledged its support for Greece after yesterday’s declaration from the European Union, which will see the debt-stricken economy tackle its spiralling debts.
“We stand willing and able to support Greece in ways that the Greek authorities think is appropriate...
Posted to
Finance
on 02-12-2010
Filed under: All Financial News, Economy News, European Central Bank, Debt News, IMF, International Monetary Fund, euro, support, European Union, debt crisis, Greece, pledge
Officials are letting investors run away with the idea that there will be a solution to Greece's problems by the end of the week. European financial crises don't usually go so smoothly. Let's hope this will be the exception. I said yesterday that a lack of clarity about how, exactly, Greece...
Posted to
Economics
on 02-10-2010
Filed under: IMF