Tag: Financial Crisis
The Cypriot Parliament says “no” to the rate on deposits of the Eurogroup
The Cypriot Parliament today rejected categorically the Eurogroup plan to impose a tax on private deposits and requested the President, Nikos Anastasiadis, seeking alternative ways of negotiating free what everyone described as “blackmail”. In a dramatic messages charged debate, MPs from all parties shared the view that Cyprus has been the victim of a “shakedown” [...]
Gurria believes that Europe is now much better prepared to exit crisis
The secretary general of the Organization for Economic Cooperation and Development (OECD), Angel Gurria, argued today that Europe is “much better prepared” than a year ago for a “final solution” of the economic crisis. “The union bank (within the EU) will happen sooner or later.’s On the table, is being discussed. Fill voids is and [...]
The U.S. Economy is “Far From Being Fully Recovered”
The U.S. economy is “far from being fully recovered” from the financial crisis, said in a speech on Monday, the president of the Federal Reserve (Fed) Chairman Ben Bernanke. “It was three years since the darkest days of the financial crisis, but our economy is still” far from being fully recovered from its effects, “Bernanke [...]
The U.S. Treasury yields all securities issued by Fannie Mae and Freddie Mac
The U.S. Treasury gave all his titles tied to mortgages guaranteed by Fannie Mae and Freddie Mac that he had bought during the crisis, said Monday the agency . The Treasury Department said in a statement that the state recovered 250,000 million dollars he spent on the operation and made a profit of 25,000 million [...]
Experts In Beijing Pessimistic About The Future Of The EU
Economists gathered today at the China Development Forum, which brings together business leaders and representatives of many multinational organizations such as the Managing Director International Monetary Fund (IMF), Christine Lagarde, today showed its pessimism about the economic future of the European Union (EU), despite the recent approval of second bailout for Greece. “For countries like [...]
German Finance Minister said that Spain is not Greece
Spain is not Greece, said Monday the German finance minister, Wolfgang Schauble, who said “great progress” made by Spain, despite the government’s announcement that it will break Mariano Rajoy of the deficit target agreed with Brussels this year . “Spain has made much progress,” Schauble said upon arrival in Brussels for the meeting of finance [...]
Brussels Demands Explanations From Spain For Failing On Deficit Target
Finance ministers of the euro zone on Monday asked an explanation from Spain, a few days after the government announced that Mariano Rajoy its deficit target for this year is much higher than that agreed with Brussels. Finance ministers of the 17 eurozone countries are meeting on Monday starting at 1700 hours local (1600 GMT) [...]
German Finance Minister said Germany has no intention to dominate Europe
German Finance Minister, Wolfgang Schäuble, said that Germany does not want or can become the hegemonic nation European Union (EU), whose member states suggest a lower public spending and structural reforms to boost the economy to the “weak growth “2012. In an interview published today by the Italian daily “La Repubblica”, a two-day visit to [...]
Americans “very concerned” about debt, survey finds
Most Americans express “very concerned” about the impact it can have on the economy the amount of national debt held by other countries, more than any other global issue, according to a survey released today by Gallup. Of the four international issues covered in the survey, Americans were less concerned about the financial situation in [...]
