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IMF Articles
Jean-Claude Trichet, president of the European Central Bank, an agency with almost no power, said that Greece will not default on its debts. It was as if there is some magic in his words that might...
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The capital markets are already suspicious that Greece will not be able to close a bond support deal with other eurozone countries and the IMF. Ratings agency Fitch told Greece that it needed a...
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In what may be a coup de grace to Greece’s chance to cooperate with eurozone nations and the IMF to raise money through the sale of sovereign debt by the southern European nation, Bloomberg reports...
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Just several weeks ago, Greece was on the brink of economic collapse, its debt a staggering 12% of GDP, and its unions prepared to stop work at any sign of pay cuts. The IMF and euro zone nations...
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Greece did not have to pay the 21.5% annual interest rate that most Walmart (WMT) credit cards holders do. But, it was close. The southern European nation, which some economists would argue is near...
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German Chancellor Angela Merkel and French President Nicolas Sarkozy have finally decided, after bilateral talks, to allow the IMF to join any bailout of Greece. Dow Jones Newswires reports “The...
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The need for a new and tremendous belt-tightening by the US government and the costs of the recession to consumers is about to hit like a tidal wave. And the drops in government services...
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The bailout of Greece has come down to a very few options: 1) Germany can bail Greece out because it is the one European nation that can afford to, 2) Germany will not bail Greece out because...
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