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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 |
November 13, 2012
International Monetary Fund Director Christine Lagarde protested the extension of the deadline for Greece to cut its debt to a “sustainable” level to 2022, saying that the target date “has to be 2020.”
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By Marlene Y. Satter, AdvisorOne |
October 11, 2012
Christine Lagarde and Wolfgang Schaeuble are locking horns over Greece.
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By Marlene Y. Satter, AdvisorOne |
September 18, 2012
The catch, the group's managing director says, is that leniency should be granted only after Greece has managed to deliver on the requirements already in place for it to get its bailout.
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By Marlene Y. Satter, AdvisorOne |
July 5, 2012
The European Central Bank (ECB) cut its benchmark rate from an already-low 1% to a new record of 0.75%, in the hope that it would kickstart an economy on the skids.
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By Marlene Y. Satter, AdvisorOne |
June 19, 2012
At the summit meeting of G-20 leaders in Los Cabos, Mexico, the focus was on strengthening the firewall of the IMF and pushing Germany to relent on pooled debt and increasing deficit spending.
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By Marlene Y. Satter, AdvisorOne |
May 28, 2012
Concerns eased a bit over the possibility of a Greek exit from the euro zone as Saturday polls showed rising support for pro-bailout parties in that country. But attention turned to Spain as earlier estimates of funding needed for a bailout of its largest bank looked to be seriously undervalued.
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By Marlene Y. Satter, AdvisorOne |
May 23, 2012
Germany’s Bundesbank warned Greece on Wednesday that if it failed to carry through with reforms it had previously agreed to, it would jeopardize any further aid funds.
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By Marlene Y. Satter, AdvisorOne |
May 16, 2012
The newly elected French president, Francois Hollande, met with Chancellor Angela Merkel of Germany to discuss the possibility of growth measures as they sought a way out of the Greek debt debacle.
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By Marlene Y. Satter, AdvisorOne |
May 8, 2012
Successful votes against austerity from Greece to France have pushed officials to consider other ways to cope with the debt crisis in the euro zone.