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Deal on Anglo notes nearing completion [irishexaminer.com]
By Shaun Connolly and Conall Ó Fátharta A deal on the Anglo Irish Bank promissory note could be reached as early as mid-May. RTÉ News reported sources saying that the European Financial Stability...
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IMF’s Vinals: ESM Needs Direct Access to Europe’s Banks [safehaven.com]
Jose Vinals, director of the IMF’s monetary and capital markets department, spoke with Bloomberg Television’s Margaret Brennan today and said that the European Stability Mechanism (ESM) should be able...
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Greece Gets Hint of Leeway From Euro Officials [Bloomberg]
By James G. Neuger and Josiane Kremer European governments hinted at giving Greece extra time to meet budget-cut targets, as long as the financially stricken country’s feuding politicians put together...
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IMF reports Spanish Banks need €37 billion; China CPI up 3.0% [Calculatedrisk]
Earlier today there were reports that Spain could request a bank bailout this weekend. From the Financial Times:Spain poised to seek bailout and from Reuters: Exclusive: Spain poised to request EU bank...
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IMF gets $456 billion for crisis firewall [france24]
AFP - IMF chief Christine Lagarde said on Monday that member states had promised a total of $456 billion (361 billion euros) for its new crisis fund, $26 billion more than a target set in April. China,...
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IMF Cuts Global Growth, Warns Central Banks, Whose Capital Is An “Arbitrary...
“The recovery continues but it has weakened” is how the IMF sums up their 250-page compendium of rather sullen reading for most hope-and-dreamers. The esteemed establishment led by the tall, dark, and...
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IMF Solutions Reinforce Problems [thedailybell]
IMF: Global economic slowdown is getting worse, US must avoid ‘fiscal cliff’ … Updated at 8:30 a.m. ET The International Monetary Fund said the global economic slowdown is worsening as it cut its...
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