Topic: International Monetary Fund
The Greece debt crisis should be a warning. History shows that unless this buildup of sovereign debt is tackled eventually by raising taxes and controlling spending, then there are only two outcomes: default or high inflation.
04/29/2010 07:08 pm
The Greek debt crisis continued to roil European debt markets on Wednesday after a leading rating agency cut the country's debt status to junk. While short term aid to Greece is a near certainty, economists warn that more international cash – and painful political steps in Athens – will be needed.
04/28/2010 06:26 pm
With its bonds rated as junk, the debt crisis in Greece must prompt Athens to take far greater austerity measures than originally planned. Political leaders and the public must find the courage for the necessary sacrifice.
04/28/2010 01:19 pm
World stock markets fell as prospects grew that the Greek debt crisis is spreading to Portugal and other indebted nations.
04/28/2010 09:26 am
Photos of the Day Photos of the Day 04/26
Greece's budget deficit is higher than believed, leading the beleaguered country to seek rescue packages immediately. Might that be the first step down a very slippery slope?
04/26/2010 01:21 pm
The World Bank agreed Sunday to boost China’s voting share to 4.42 percent, giving it the third biggest say after the United States and Japan.
04/26/2010 09:41 am
Greece's debt crisis continues to spiral out of control and only one solution appears to be effective: for Germany and other countries to extend a 5 percent loan of indefinite amounts.
04/23/2010 05:59 pm
Greek Prime Minister George Papandreou called his country a "sinking ship" as he requested a $56 billion bailout today. But Germany, which is key to any aid package, still isn't convinced that a Greece bailout is absolutely necessary.
04/23/2010 05:51 pm
Facing a severe shortage of electricity, Pakistan will unveil an energy crisis plan on Earth Day that may include a shorter work week, a 9 p.m. curfew on wedding parties, curbs on air conditioner use, and rolling blackouts.
04/22/2010 01:12 pm