Wednesday, January 18th, 2017 MST

Greek banks prepare for “bail-in”

In the financial news, nothing is getting more attention than Greece’s financial plight. In short, Greece cannot meet its debt payments schedule without further assistance from the European Central Bank and the International Monetary Fund, both of which want a more strident austerity program than the present one that has already brought the people of

Greece to exit eurozone?

Reaching an agreement on Greece’s bailout is beyond the 11th hour. It’s striking midnight. Monday all eurozone presidents and prime ministers have been summoned to meet in Brussels in a final attempt to resolve Greece’s bailout stand-off. This confab is necessary because the finance ministers of the currency union failed to reach an agreement earlier

IMF tells Japan to print more

In a statement that could not have been more blunt, last week the IMF told Japan that it needs to print more money to ensure that its economy will not slip into recession.  Specifically, the IMF wants the Bank of Japan to push inflation to 2 percent.  Japan’s inflation rate is near zero.

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