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  • Citigroup Cuts Global Growth Forecasts — Again Thursday, 29 Sep 2011 | 7:16 AM ET
    stock_ticker_blur_200.jpg

    Economists at Citigroup have again cut their global gross domestic product forecasts for 2011 and 2012 as growth prospects “continue to deteriorate quickly.”

  • Germany Approves Reforms to Euro Bailout Fund Thursday, 29 Sep 2011 | 6:52 AM ET
    German Chancellor Angela Merkel

    Germany's parliament has approved reforms to the European Financial Stability Facility (EFSF) that would allow the fund to participate in the primary market and to recapitalize European banks in a much-anticipated vote in the Bundestag.

  • 10 Reasons the Euro Zone Rescue Fund Could Fail Wednesday, 28 Sep 2011 | 7:13 AM ET
    European Central Bank

    Stocks have rallied in recent days on hopes that European Union leaders and policy-makers are close to an agreement that would significantly increase the firepower of the European Financial Stability Fund (EFSF)-- essentially the euro zone's rescue fund for troubled member states -- so that it can help deal with the zone's long-simmering debt crisis.

  • How Do You Prevent Global Economic Meltdown? Wednesday, 28 Sep 2011 | 4:46 AM ET
    Market Meltdown

    Investors worldwide are taking fright at significant downside risks they perceive on both sides of the Atlantic, aided and abetted by what they deem to be ineffectual and directionless policy-making from Western governments.

  • Euro Bailout Fund Must Guarantee Initial Loss: Analyst Wednesday, 28 Sep 2011 | 2:04 AM ET
    EU building flags brussels

    The European bailout fund—known in official parlance as the European Financial Stability Facility, or EFSF—should be used to guarantee the first hit of losses on vulnerable European government bonds, a financial commentator told CNBC Tuesday.

  • Fear and Loathing in the Euro Zone Wednesday, 28 Sep 2011 | 12:41 AM ET
    European Central Bank

    A positive feedback loop between banks and weak sovereigns is emerging, with a potentially calamitous effect on the euro zone and the global economy, Martin Wolf writes in the FT.

  • EU building flags brussels

    The latest proposal aimed at amping up the European bailout found has "Made in Washington" stamped all over it, according to one economist.

  • China, Price of Gold Pointing to New Lehman? Tuesday, 27 Sep 2011 | 7:54 AM ET
    What's Next?

    The price movements that have emerged over the past two months in gold (and silver) prices have proved fascinating, writes Simon Derrick, head of currency research at Bank of New York Mellon.

  • euro_drowning_200.jpg

    After a weekend of talks at the International Monetary Fund’s annual meeting in Washington over how best to deal with the euro zone debt crisis, we appear no closer to a resolution.

  • Russian Job Swap Sparks Kremlin Revolt Monday, 26 Sep 2011 | 1:13 AM ET
    Vladamir Putin

    Senior Russian government figures have rebelled against a deal between President Dmitry Medvedev and Vladimir Putin, the prime minister, to switch jobs next year. The FT reports.

  • imf_meeting_2011_3_200.jpg

    European policymakers, stung by criticism for failing to stem the euro zone debt crisis, began working on new ways to stop fallout from Greece's near-bankruptcy from potentially upsetting the world economy.

  • IMF_meeting_200.jpg

    Lost in much of the rancor and hand-wringing over the debt crisis in the European Union and the US is that it's not just those two regions that will be affected.

  • Euro Debt Crisis Is Worse Than US in 2008: George Soros Saturday, 24 Sep 2011 | 4:51 PM ET
    George Soros

    Europe lacks the same mechanisms that the US had to deal with its financial crisis three years ago, making the dangers even greater, billionaire investor and activist George Soros said.

  • G-20 Debt Crisis Approach: Some Talk, But Little Action Saturday, 24 Sep 2011 | 1:34 PM ET
    nternational Monetary Fund's Managing Director Christine Lagarde speaks at the Annual Meetings

    Those looking for answers from this week's World Bank/IMF conference were presented only with more questions and vague reassurances that global policy leaders are acutely aware of the problems and prepared to act.

  • US Pushes Europe to Act With Force on Debt Crisis Saturday, 24 Sep 2011 | 10:07 AM ET
    German Chancellor Angela Merkel

    The Obama administration, increasingly alarmed by the spillover effects of Europe’s financial crisis, has begun an intensive lobbying campaign to persuade Chancellor Angela Merkel of Germany to ramp up efforts to stem any contagion from the debt crisis in Greece, the NYT reports.

  • Europe Hastens to Build Up Debt Crisis Defenses Saturday, 24 Sep 2011 | 5:12 AM ET
    greece_church_flag_200.jpg

    European policymakers are quickening their preparations to cope with an escalation of the region's debt crisis as talk of a possible Greek default gained pace.

  • Greece Should Follow the Austerity Measures: IMF Friday, 23 Sep 2011 | 4:14 PM ET
    greece_flag_200.jpg

    If Greece is certain to default—and many in the global financial community suspect it is—then Antonio Borges didn’t get the memo.

  • IMF: Even Good News Doesn't Look All That Great Friday, 23 Sep 2011 | 3:33 PM ET
    World Bank Group President Robert Zoellick speaks during a press conference at the International Monetary Fund (IMF) Headquarters.

    Not long ago, this weekend's IMF conference looked like it would be an upbeat gathering about a prosperous year ahead. But now the gathering of the world's top financial officials has turned into a fairly somber affair.

  • A Different Role In Asia Thursday, 22 Sep 2011 | 7:21 PM ET
    The International Monetary Fund (IMF) headquarters building is seen in Washington, DC.

    The International Monetary Fund finds itself front-and-center in dealing with Europe’s debt crisis, urging banks to recapitalize and policymakers to begin to aggressively address the problem. In Asia, however, the Fund finds itself in a completely different role, limited to monitoring and consulting with economies that seem relatively sheltered—at least for now—from the global crisis.

  • Asia Still Looking For a Bigger Voice Thursday, 22 Sep 2011 | 1:09 PM ET
    Zhu Min, deputy managing director of the International Monetary Fund (IMF), speaks during a panel discussion at the World Economic Forum (WEF) Annual Meeting of the New Champions in Dalian, China.

    The appointment of a former Chinese central bank official, Zhu Min as a deputy managing director at the IMF was meant to increase Asia's voice at the Fund. But some current and former policymakers, say the region remains under-represented.