- Europe in 2 trillion euros rescue bid
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- G-20 Communique following Paris meeting
- G20 tells euro zone to fix debt crisis in eight days
- Geithner: ‘Encouraging Things’on Solving Euro Debt Crisis -2
- Geithner: Sees’Encouraging Things’on Solving Euro Debt Crisis
- IMF’s Largarde: IMF to Propose New Crisis Management Tools
- Germany Firmly Rejects Boosting IMF – Schaeuble/Weidmann
- France FinMin: Oct 23 EU Summit Result Will Be ‘Decisive’
- Trichet:EFSF To Permit ECB To Stop Fixing Monpol Transmission
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By Steven K. Beckner Federal Reserve Chairman Ben Bernanke did not attend. Instead, Yellen represented the Fed. Although Geithner was focusing on the European debt crisis and the “significant risk” it poses to the global economy, back home the U.S. economy has been limping, with unemployment officially at 9.1% and unofficially much higher. Looming in [...]
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By Steven K. Beckner PARIS (MNI) – U.S. Treasury Secretary Timothy Geithner expressed a fair amount of confidence Saturday that European authorities are on their way to defusing the Greek debt bomb, and he made clear he sees no need for an enlargement of the International Monetary Fund’s resources to deal with the European debt [...]
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PARIS (MNI) – Christine Lagarde, managing director of the International Monetary Fund, said Saturday that the agency plans to propose new financing instruments that will allow it to quickly aid countries facing financial crises. Speaking at a press conference following the G20 meeting, Lagarde said the fund will propose the financing tools to European Union [...]
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PARIS (MNI) – The German government and the Bundesbank firmly reject boosting the International Monetary Fund ‘s capacity to help fight the Eurozone crisis, German Finance Minister Wolfgang Schaeuble and Bundesbank President Jens Weidmann said during a joint-press briefing at the G20 meeting on Saturday. Instead, Europe must and will boost the capacity of its [...]
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PARIS (MNI) – The results of the EU leaders summit to be held on Oct. 23 will be “decisive” for resolution of the European debt crisis, French Finance Minister, Francois Baroin, said following the meeting of the Group of 20 finance ministers and central bankers here. European officials told the G20 that they had agreed [...]
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–EU Rehn: Once We Agree Greece Complying, Can Disburse Aid Tranche PARIS (MNI) – The enhanced European Financial Stability Facility will ultimately mean the European Central Bank can discontinue its efforts at ensuring a properly functioning monetary policy transmission mechanism, ECB President Jean-Claude Trichet said Saturday. Speaking to the press after the meetings of the [...]
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