The Media Line Staff Cairo, Egypt (TML) – Egypt’s decision to reject loans from the International Monetary Fund (IMF) and World Bank may save the government unwelcome political controversy at home, but it risks undermining the country’s already severely strained economy, economists warned. The terms of the IMF financing as well as the government’s plan [...]
Posts Tagged ‘fund’
Greek cabinet approves austerity measures; Debt default still possible
June 23rd, 2011
davidguide Vittorio Hernandez – AHN News Athens, Greece (AHN) – A day after winning a confidence vote in the Greek Parliament, the country’s cabinet approved austerity measures for the 2012 to 2015 budgets and laws for the measures’ application. The measures include $40 billion (EUR 28 billion) of spending cuts, tax increases, fiscal reforms and sale [...]
U.S. Treasury Secretary may support Lagarde bid for top IMF post
June 7th, 2011
davidguide Vittorio Hernandez – AHN News Washington, D.C., United States (AHN) – Even if the United States is not a part of the European Union, Washington may likely support French Finance Minister Christine Lagarde – the EU’s bet – to replace Dominique Strauss-Kahn as managing director of the International Monetary Fund. The likely support of the [...]
8 Reasons To Buy a Home Now
February 11th, 2011
davidguide If you’ve been straddling the fence about buying a home, you could be kicking yourself when this unique window of opportunity closes. Never in history have the cards beens stacked for the buyer as they are now. Here are eight reasons that will convince you that NOW is the right time to stop renting and [...]
Lords of finance caution against crippling FX war
October 9th, 2010
davidguide Global finance chiefs struggled to find a solution to differences over exchange rates as they warned a currency “war” could hobble the world economy. As the International Monetary Fund’s annual meeting began in Washington, policymakers warned that efforts to boost exports by embracing weaker currencies threatened to provoke protectionism and trade imbalances at a time [...]
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