×

International Organizations IMF

  • The Parthenon in Greece

    It would be better if policymakers let a disorderly default of Greece take place and recapitalized banks, an analyst told CNBC Wednesday.

  • Spain

    As the Spanish economy fails to drag itself out of the mire created by its debt burden, its Employment Minister Valeriano Gomez admitted to CNBC that it would likely miss growth targets this year.

  • european_union_crack2_200.jpg

    The euro zone was launched on a wing and a prayer. The wing has fallen off and the deities are not listening to prayers. Everyone focuses on averting a crash. But it is as vital to ask how to fly securely, the FT reports.

  • european_union_crack2_200.jpg

    The chances of the US being able to help bailout Europe are minimal because of weaknesses in the American economy, influential Citi banker William Rhodes told CNBC Tuesday.

  • Bank of France governor Christian Noyer leaves the Elysee Palace after a meeting with French President Nicolas Sarkozy about the financial crisis.

    European Central Bank member Christian Noyer said on Monday it is unrealistic to expect an increase in Europe's bailout fund beyond what was agreed in July, but that he is open to schemes that would allow leveraging to expand capacity.

  • greece_church_flag_200.jpg

    Greece will miss a deficit target set just months ago in a massive bailout package, according to government draft budget figures released on Sunday, showing that drastic steps taken to avert bankruptcy may not be enough.

  • greece_athens_academy_200.jpg

    Greece was expected to unveil its plan on Sunday to begin laying off state workers, the most contentious part of a reform package demanded by the EU and IMF.

  • greece_church_200.jpg

    Greece and debt inspectors have apparently agreed that older civil servants near retirement age will bear the brunt of personnel cuts in the public sector, according to media reports.

  • Traders work in the crude oil options pit at the New York Mercantile Exchange.

    Stocks closed out their worst quarter since the financial crisis, but it might be too early for investors to breathe a sigh of relief, as volatility will likely continue.

  • BOE_buses_200.jpg

    The UK is likely to see more quantitative easing next week or at the latest by November, according to one economic advisor.

  • Castle Square in Warsaw old town, 30th July 2010. (Photo by Luis Davilla/Cover/Getty Images)

    Concerns over investment in Central and Eastern Europe have grown as a solution to the problem of sovereign debt in the peripheral euro zone has eluded policymakers and global growth has slowed.

  • EU building flags brussels

    The German Parliament's vote to expand the role of the European Financial Stability Facility has given the markets a "confidence boost," but it is only a short-term fix to Europe's solvency issues, Dino Kos, former N.Y. Fed executive vice president, told CNBC Thursday.

  • european_union_crack2_200.jpg

    As the sovereign debt crisis worsens, there is still a lack of a long term solution. Current rumors center on Europe extending their ability to bail out periphery economies.However, politics and implementation issues pose a significant challenge.As Greece has shown, so far these bailouts haven’t worked, and with debt burdens rising and problems spreading to the core, the situation is only getting tougher.

  • Liberal Democrat Leader Nick Clegg takes part in a question and answer session with community groups at the Frontline Church in Liverpool, England.

    The U.K. deputy prime minister said on Thursday that any solution to the euro zone crisis must not lead to some member states dictating terms to other European nations—such as the U.K.—that are outside the currency union.

  • 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.”

  • 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.

  • 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.

  • 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.

  • 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.