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.
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.
The European Monetary Fund isn't even a formal proposal yet but it's already creating controvery among European Union leaders.
Plans for the creation of a European Monetary Fund have been gaining momentum as the debt crisis in Europe continues. But how would a European IMF work?
If you remember the 1970's in New York City you wish you could go back to the '60's. The City was dirty, seemingly lawless with the "squeegee guys" attacking your car if you stopped at a light, and had a general feeling on being unsafe.
Stocks rose for a third straight day Thursday as an encouraging manufacturing report helped fuel investor optimism about the recovery.
Stocks rebounded off a weak open Thursday after a report showed manufacturing in the Philadelphia region improved in February.
Stock index futures slipped after higher readings in weekly jobless claims and inflation pointed to more headwinds for the economic recovery.
Resolving the Greek debt mess is about more than the financial crisis and fiscal responsibility, say experts. It's also about keeping Europe together.
The European Union is wrestling with complex political considerations as much as economic ones that are likely to play a pivotal role in the timing and shape of any aid package to resolve the Greek debt crisis, experts say.
As financial markets panic about the risks to the euro from laxer governments in southern Europe, the northern Baltic states are already in tight fiscal bandages as they experience Europe's most severe recession.
I’m trying hard to remain optimistic about economic recovery here in America — and for that matter, around the world.
Apparently, the Greek government has called in the big hitters to help them with their fiscal dilemma.
The rise in Greek yields is a clear warning markets are in the mood to 'punish any country that takes creditors for granted. '
Whether he likes it or not, Jean-Claude Trichet is not just the president of the European Central Bank. Mr. Trichet, 67, is also the de facto president of Europe, at least for the 16 nations that rely on the euro as their common currency.
Icelandic pleas for further aid met with a cool response on Thursday as the IMF suggested its hands may be tied by an Anglo-Dutch debt impasse and Sweden signaled no immediate funds were on the way.
Latvia's economy shed 19 percent of its value in the third quarter compared with a year earlier, the country's statistics agency said Wednesday, highlighting the woes in the European Union's worst economy.
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Stocks posted modest gains Wednesday, but it was enough to propel the Dow and S&P to new 13-month closing highs, as economic data buoyed recovery hopes.