IMF raises fresh concerns about the Spanish economy
BBC May 24, 2010 The International Monetary Fund (IMF) has raised fresh concerns about Spain’s economy, saying “far-reaching” reforms are needed to ensure its recovery. more
Month: May 2010
Frankness Would Serve Europe Well
The New York Times May 24, 2010 PARIS — In talking about how to approach problems like Europe’s new prospects of misery, Dominique Strauss-Kahn, the head of the International Monetary Fund, has referred to the utility of “the ruthlessness of truth.” more
Dealing with the Euro Crisis
Spiegel May 24, 2010 The government in Berlin has finally taken firm action to tackle the euro crisis. Yet, until Germany and its fellow euro-zone states manage to regulate the financial industry and get their deficits under control, the markets will continue to pose a threat to the real economy. A commentary by Armin Mahler. […]
One false move in Europe could set off global chain reaction
The Washington Post May 24, 2010 If the trouble starts — and it remains an “if” — the trigger may well be obscure to the concerns of most Americans: a missed budget projection by the Spanish government, the failure of Greece to hit a deficit-reduction target, a drop in Ireland’s economic output. more
Finance ministers agree to stricter deficit controls
EuropeanVoice.com May 21, 2010 Herman Van Rompuy, the president of the European Council, today claimed that there was agreement in principle among finance ministers on punishing EU member states that breached rules on public finances. more