Finance Matters

Posts Tagged ‘crisis’

Federal Reserve Chairman Ben Bernanke yesterday allayed investor fears after saying the US economy appeared to have enough momentum to avoid a “double-dip” recession.
Mr Bernanke also said he believes European leaders are taking the right steps to ensure the survival of the euro.
“European leadership is strongly committed to doing whatever is necessary to preserve the [...]

In its latest Fiscal Monitor report, the International Monetary Fund (IMF) said that despite the recovery in the global economy, the world’s wealthiest economies urgently need to tackle their debt levels.
Its report, and warning, comes as several euro zone nations have introduced tough austerity measures to trim their debt levels, which have caused violent protests [...]

EU finance ministers have agreed a €500 billion (£433 billion) emergency rescue package, designed prevent the Greek debt crisis from spreading to other euro zone nations.
The bail-out came after 11 hours of discussions in Brussels last week as fears grew for other heavily indebted European countries such as Ireland, Spain and Portugal.
The 16 members of [...]

Global shares have continued to decline due to ongoing fears of contagion from Greece’s debt crisis.
Asian shares fell sharply yesterday after fears grew that the crisis would spread to other European countries.
Ratings agency Moody’s said European banking systems faced “very real, common threats” from the fallout from Greece.
However, it seems that fears continue to grow [...]

Asian shares have fallen sharply today as fears mount that Greece’s crisis would spread to other European countries.
In an interview with French newspaper, La Parisien, the head of the International Monetary Fund (IMF), Dominique Strauss-Kahn, admitted earlier this week that the possible spread of the crisis was a concern.
He said: “We have to succeed [...]