BLAENAU FFESTINIOG, Wales — This could have been Britain’s Greece. Infusions in the billions of pounds keep fading towns like Blaenau Ffestiniog alive. For decades, Wales, like Greece, has been plagued by persistent deficits and uncompetitive industries. Yet unlike Greece, which teeters on the edge of bankruptcy and faces a possible exit from the euro [...]
Europe Pushed to Bolster Defenses to Lock in Crisis Respite January 30, 2012, 9:49 AM EST Business Exchange E-mail Print More From Businessweek Greece Rebuffed on Aid as Austerity Vote Raises Euro Risk Draghi Softens Outlook as ECB Refuses to Show Hand on Greece Greece Default Not a Topic in Brussels Talks Today, EU Aide [...]
Turkeys Monetary Policy Overburdened, Fiscal Policies Underutilized: IMF (RTTNews.com) – Turkeys monetary policy is overburdened while fiscal, prudential and structural policies were underutilized, a staff report from the International Monetary Fund showed Friday. IMF economists said countrys unconventional monetary policy framework has deterred very short-term inflows, moderate credit growth, and more recently, manage output, exchange [...]
CHINESE New Year has come and will soon go. The eurozone debt crisis is well past two years. Yet uncertainty persists. The World Banks January 2012 Global Economic Prospects reports: World economy has entered a very difficult phase characterised by significant downside risks and fragility and as a result, forecasts have been significantly downgraded. However, [...]
Turkish Deputy Prime Minister Ali Babacan said Turkey might need fresh tightening of monetary policy and the government isnt afraid of it. Turkeys economy will be walking not running this year, Babacan said in an interview with CNBC-e in Davos, where he is attending the World Economic Forum. BABACAN DISMISSED INTERNATIONAL MONETARY FUND PROJECTIONS 4 [...]
Presidential candidate Ron Paul has more than a few people talking about boring monetary policy at the Federal Reserve these days. And its not just on conspiracy talk radio, either. The Wall Street Journal ran an op-ed by David Malpass on Thursday with Pauls name in the headline, praising the Texas congressman for making Fed [...]
FRANKFURT (Reuters) – Loans to private sector companies and households in the euro zone fell in December from the previous month, European Central Bank data showed on Friday, adding to signs of a credit crisis in the currency bloc. The monthly flow of loans to firms dropped by 37 billion euros after falling by 7 [...]
Mexican central bank governor Agustin Carstens comments on domestic monetary policy and the euro-region debt crisis. He made the remarks at the World Economic Forum in Davos, Switzerland today. On the Mexican economy: “We have strong domestic spending, consumption has been behaving well and investment is also in the process of improving. Where our risks [...]
Apparently the desperate search of Republicans for someone they can nominate not named Willard M. Romney continues. New polls suggest that in Iowa, at least, we have already passed peak Gingrich. Next up: Representative Ron Paul. Fred R. Conrad/The New York Times Paul Krugman Go to Columnist Page »Blog: The Conscience of a Liberal In [...]
High-Risk Warning Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in [...]