The question does not address the future of the euro currency— which many believe is at stake— or the future of Greece's relationship with the 28- nation European Union. "Should the plan of agreement, which was submitted by the European Commission, the European Central Bank and the International Monetary Fund in the Eurogroup of 25.06. 2015 and is comprised of two...» Read More
If Greece believes the easiest way out of its financial crisis would be with the help of the International Monetary Fund instead of its European neighbors, it could be in for an unpleasant surprise.
Opinion polls suggest Angel Merkel’s coalition will lose control of the German Senate in regional elections on May 9. No wonder she wants to fire a populist shot at voters. But in refusing to underwrite a few billion euros of Greek debt the Chancellor is playing with fire.
The threat is no longer low-cost manufacturing; it’s high-tech and ideas. And the proof? As of this year, China has overtaken Germany as the world’s biggest exporter. And it’s not limited to less expensive products.
European Commission President Jose Manuel Barroso says the EU needs to agree as soon as possible on a mechanism to support Greece financially if needed.
In his most detailed examination of the causes of the financial crisis, Alan Greenspan, the former Federal Reserve chairman, acknowledges that the Fed failed to grasp the magnitude of the housing bubble but argued that its policy of low interest rates from 2002 to 2005 did not cause the bubble.
Public sector debt in the United Kingdom climbed above 60 percent of GDP in February as government agencies borrowed another 12.4 billion pounds ($19 billion), the Office for National Statistics said Thursday.
Stocks picked up again in the final hour of trading after the Federal Reserve said it would continue to keep interest rates low for "an extended period."
Stock index futures remained true to recent form before the bell Tuesday, little changed compared with fair value ahead of the Federal Reserve's decision on interest rates later in the day.
Germany’s trade surpluses built on holding down labor costs may be unsustainable for the other countries in the eurozone, France’s finance minister said in an unusually blunt warning to Berlin.
The economies to watch now are the "Emerging Seven"...Their combined gross domestic product could overtake that of the G7 this decade and open up a 30 percent lead by 2030, according to a PricewaterhouseCoopers forecast. But what will Russia look like in 2030?
Europe is looking (maybe) to form a Eurozone Monetary Fund with powers similar to the International Monetary Fund.
It never ceases to amaze how political leaders can shamelessly blame free markets and faceless speculators for the consequences of their lousy financial decisions.
Markets generally remain way too optimistic over the economic recovery, but the UK has the potential for the biggest disappointment with the pound set to slide as low as $1.31 by year end, Hans Redeker, global head of foreign exchange at BNP Paribas, said Tuesday.
Greece is likely to formally ask the European Union for financial aid if the cost of borrowing does not fall in coming weeks and, if it doesn't get it, may go to the International Monetary Fund, Greek government officials told Dow Jones Newswires.
Poor economic data in the US coupled with Europe's debt crisis are contributing to an increase of the risk of the US economy going through a double-dip recession, Nouriel Roubini said.
Greek leaders' overtures for far tougher curbs on credit default swaps fell largely on deaf ears in Washington, but they'll go back to Athens with some sage advice from local policy wonks: look in the mirror and don't blame market messengers for your debt woes.
The absence of credit default swaps could push a country's borrowing costs even higher.
Greek Prime Minister George Papandreou is due to meet President Barack Obama. Greece is briefing the Obama administration on reforms and discussing global financial regulation.
In this commentary I will explain why I’m cautious; how I could be wrong; what’s at stake for me and my clients; and how we’re invested.