Friday, June 22, 2012

Berlusconi: Italy could benefit from leaving EUR as the single currency, IMF challenges Eurozone's crisis response

Bailout money should be directly into teetering bank, IMF challenges Berlin's crisis response, IMF chief says leaders need to tackle crisis with resumption of bond buying by the ECB and the pumping of bailout money directly into teetering banks, sooner better

From Spain bailout plan, Madrid moves to ease bailout fears, Estimates of extra capital required fall well within the €100bn that Spain requested for its financial system from its eurozone partners this month

From Germany latest update, Legal move threatens EU rescue fund, A German opposition party has asked the highest court to suspend ratification of the €500m European Stability Mechanism

Latest news about Greece bailout plan, Eurozone divided on Athens bailout terms, France indicates it is open to allowing Greece some leeway on deficit targets while other northern European countries showed less leniency

Meanwhile, politic news from Greek we reporting, Samaras's political judgment in focus, The Greek PM, part of US-educated elite, has failed to live up to expectations on a number of previous occasions

From eurozone latest update, European Central Bank to relax loan rules for Spanish banks, and surely Lenders will be allowed to make greater use of asset-backed securities with other measures intended to reduce the role of credit rating agencies

Greek Exit headliners, Race to save euro will follow 'Grexit', If procrastination and policy paralysis prevail, the endgame for the single currency risks becoming an onion-like unpeeling and unravelling, ohh Euro single currency going to darken

From Italy we reporting, Berlusconi fans anti-euro flames, Mario Monti's government rejects claims by former PM Silvio Berlusconi says that Italy could benefit from leaving the single currency, what a great "leaving"

Latest economic news from Berlin we reporting, Germany infected by deepening eurozone woe, Purchasing managers' survey shows private sector activity shrinking, with a deterioration in German economy, especially its manufacturing sector

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