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By Marlene Y. Satter, AdvisorOne |
November 14, 2012
After the 1997 Asian financial crisis compelled some countries to adhere to IMF austerity policies, feelings ran high against the institution and spurred nations in the region to take steps to handle their own financial well-being.
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By Marlene Y. Satter, AdvisorOne |
December 22, 2011
Hungary was downgraded to junk for the second time in a month, this time by S&P, after Moody's took a similar action previously, but markets reacted little to the news.
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By Marlene Y. Satter, AdvisorOne |
December 22, 2011
Greece’s creditors are pushing back against an IMF drive to get them to accept larger losses on the country’s sovereign debt, with one Madrid-based hedge fund pulling out of the debt swap talks over the matter.
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By Marlene Y. Satter, AdvisorOne |
December 8, 2011
A report in the daily Nikkei paper that the G20 was putting together an IMF $600 billion lending facility to help the euro zone was denied, first by the IMF and then Canada, and then by Japan.
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By Marlene Y. Satter, AdvisorOne |
September 2, 2011
The Greeks and bailout officials also cannot agree on the amount by which Greece has failed to meet its targets, with Athens perhaps predictably citing a lower figure than the international representatives.