Topic: International Monetary Fund
Top galleries, list articles, quizzes
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For these four nations, 2012 is worse than the Great Recession
The Great Recession of 2008/09 delivered the worst blow to the global economy since the 1930s. But in a few nations, 2012 is turning out to be worse than 2009 in terms of economic growth. Europe's debt crisis, the general slowing of the world economy, and domestic political troubles have played a role in undercutting 2012 growth for one or more of these four nations. Can you guess who they are?
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Focus
Recession in America? 10 questions assessing the threat.
Concerns about weak economies in Europe have already rattled global financial markets, and things are hardly rosy at home. Is America heading into a recession? Here are answers to 10 questions about that risk.
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Briefing
What would happen if Greece exited the eurozone?
Rumors are rife of a Greek exit from the eurozone. While no country has yet dropped the common currency, there are some indications of what will transpire if Greece does.
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France presidential elections: the candidates challenging Sarkozy
French President Nicolas Sarkozy is fighting for reelection in the April 22 presidential poll. Here are the top 5 presidential candidates.
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Six reasons to keep America as No. 1 superpower
Many around the world say American decline would preserve global stability through a better balance of power. They’re wrong, says Steve Yetiv, a political science professor at Old Dominion University. It’s not that other countries or international institutions can’t play vital roles. They do. But they can't yet do what Washington does around the world, Yetiv says. Here he gives six examples.
All Content
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Egypt's charter headed for approval, but troubles loom
The close of Saturday's voting makes it likely that the Islamist-back new constitution will be approved.
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Egypt's public prosecutor resigns amid protests
Egypt's public prosecutor quit under pressure from his opponents in the judiciary, drawing an angry response from the Muslim Brotherhood ahead of a second round vote on a divisive draft-constitution.
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Tax VOX
How Eisenhower and Congressional Democrats balanced the budgetPresident Dwight Eisenhower truly believed that budgets should be balanced, and his 1960 budget incorporated severe spending restraint and only minor tax increases, Penner writes.
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Opposition pushes 'no' vote on Egyptian referendum as 'unity' talks postponed (+video)
Egypt's Army postponed 'unity' talks moments after the opposition coalition agreed to meet. The talks had raised hopes of an end to street protests and deadly violence.
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Egypt's opposition: Morsi is risking 'violent confrontation'
President Mohamed Morsi rescinded a decree that gave himself sweeping powers, but has not budged on a Dec. 15 date for a constitutional referendum that opponents want delayed.
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Could China overtake US as global trader?
A special report by the Associated Press examines China's influence with its trading partners over three decades, and how business, politics, and daily life are changing with China's rise as a global player.
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Dominique Strauss-Kahn and NY maid accuser to settle
But it might not mean the end of legal troubles for Strauss-Kahn. He is awaiting a ruling on whether he is linked to 'pimping' in connection with a French prostitution ring.
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'Fiscal cliff' reality check: Are US taxes low or high? (+video)
As Washington confronts the 'fiscal cliff' and seeks a deal to reduce the deficit, one key issue is the tax rate. Comparatively, US taxes are low, but politically, a big hike is a nonstarter.
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The Monitor's View: A parachute for Americans on their fiscal cliff
The hard decisions in the fiscal cliff negotiations between the GOP and Democrats would be easier if lawmakers could point to other nations that have seen the benefits of fiscal discipline in lifting an economy.
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Recep Tayyip Erdogan: Turkey's economy meets EU membership criteria
Since 2002, Turkey's growth strategy, fiscal discipline, and structural reforms have helped it become the world's 16th largest economy. Last year, Turkey's figures for growth, public borrowing, long-term debt, and unemployment were vastly better than Europe’s.
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Why Egyptian protesters rally against Morsi (+video)
Protesters took to the streets in Cairo, Egypt on Tuesday, voicing their concerns about President Mohamed Morsi's expanding powers. Hundreds have been injured in what is the biggest protest the country has seen since Morsi took office five months ago.
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Staying afloat: Europe releases more money for Greece
After a 12-hour meeting lasting into the wee hours last night, Greece's creditors agreed to cut its debt and release more bailout funds, staving off yet another Greek bankruptcy.
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Euro officials cut a deal on Greek debt
Eurozone finance ministers agreed to give Greece the next installment of its bailout loan, totaling about $57.8 billion. Greece will soon enter its sixth year of recession.
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Indebted Caribbean tax havens look to tax foreign investors
Industry analysts say new fees and taxes could bring in needed money to a region where some debts are near that of Greece. But could they scare off investors?
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Egypt's Morsi to meet with judges over power grab (+video)
The country's Supreme Judicial Council has hinted there may be a compromise with Morsi in the works. Meanwhile, the Egyptian stock market suffered heavy losses over the weekend.
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Morsi seizes broad powers in Egypt: What does US do now?
A decree this week by Egyptian President Mohamed Morsi essentially makes him a dictator, critics say. They call for US action. But the Obama administration might give him some leeway.
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More time or tough love? Eurozone deadlocks over Greece debt deal.
Greece needs its next aid infusion by mid-December. But European finance ministers postponed a deal amid disagreement over how much time Greece should have to pay down debt.
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Stocks rise on hopes for budget deal
Stocks had their biggest gain in two months Monday, breaking the post-election slump. Hope that Washington will reach a deal on the federal budget drove stocks upward.
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Gaza conflict offers Egypt's new leader a defining 'moment,' but it's brief
The Gaza crisis has put Egypt's President Morsi in a tight spot, caught between his sympathy for Hamas and his country's reliance on the US. If he chooses to play the role of mediator, he may have little time.
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A role reversal as former colonies meet former colonists at Ibero-American summit
Spain and Portugal, once the heavy hitters in the annual meeting of Iberian and Latin American nations, are now looking to their one-time colonies for help amid their debt crisis.
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Energy Voices
An America self-sufficient in oil? Don't bet on it.A new forecast that the US will surpass Saudi Arabia in oil production is unrealistically optimistic. Oil prices would have to rise far too much for unconventional oil to meet forecast levels.
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Home Depot soars, stocks fall in uneven trading
Home Depot earnings beat expectations, sending its stock up 3.6 percent. Despite signal of housing recovery from Home Depot results, 'fiscal cliff' in US and postponement of aid package for Greece drag down broader market.
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Eurozone, IMF clash over Greek debt as deadline looms
IMF chief Christine Lagarde and European financial ministers debated today over how to prevent Greece from collapsing, even as Athens faces mandatory debt payment on Friday.
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Greece pushes through more austerity, awaits next bailout payment
The Greek Parliament narrowly pushed through the new, unpopular austerity measures, a key step for the release of more bailout funds from Europe.
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Malawi suspends anti-gay laws
Malawi's moratorium has attracted a lot of attention in Africa, where two-thirds of countries criminalize homosexuality.
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