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By Marlene Y. Satter, AdvisorOne |
May 3, 2012
In the wake of a failure to reach agreement on proposed bank capital rules at a meeting of E.U. finance ministers that ended early Thursday morning, George Osborne, the British chancellor of the Exchecquer, was outspoken in his criticism of other ministers’ efforts to reach agreement.
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By Marlene Y. Satter, AdvisorOne |
May 3, 2012
Although discussions dragged on till the wee hours of the morning, E.U. finance ministers were unable to put together a deal on toughening bank capital rules.
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By Marlene Y. Satter, AdvisorOne |
March 30, 2012
The temporary European Financial Stability Facility and permanent European Stability Mechanism will be combined for a year, for a total of 940 billion euros. But that figure seems to include money already spent.
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By Marlene Y. Satter, AdvisorOne |
March 28, 2012
Policymakers in Asia are laying the groundwork to double the region's own reserve pool to $240 billion as a hedge against financial shocks.
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By Marlene Y. Satter, AdvisorOne |
March 26, 2012
While Prime Minister Mario Monti of Italy had praise for Spain’s efforts to relax its work regulations, he criticized its budget-cutting efforts, saying it “hasn’t paid enough attention to its public accounts.”
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By Marlene Y. Satter |
February 16, 2012
Finance ministers doubt that Greece will keep its promises of austerity once elections are held, and are considering how to withhold funds without triggering a complete default.
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By Marlene Y. Satter |
February 10, 2012
Greece’s hard-won agreement from political leaders in Athens was rejected late Thursday as not tough enough. Instead, Greece was told to go back to the drawing board.
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By Marlene Y. Satter, AdvisorOne |
February 9, 2012
Disagreement over pension cuts had stalled an agreement among Greek leaders on austerity reforms demanded by the troika of the European Union, International Monetary Fund and European Central Bank.
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By Marlene Y. Satter |
February 3, 2012
Eurozone finance ministers intend to polish up an agreement to grant Greece a second bailout package in the hope that it will forestall the debt crisis and reassure markets.
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By Marlene Y. Satter, AdvisorOne |
January 18, 2012
The International Monetary Fund intends to boost its lending capacity from the current level of $385 billon by asking members to contribute more funds, up to $600 billion, as it seeks to forestall the spread of the European debt crisis.
