Global finance ministers have called for quick and effective action to safeguard faltering economic growth and rebuild shaken confidence. The ministers warned Saturday at the annual meeting of the International Monetary Fund in Tokyo that global economic growth is slowing and substantial uncertainties and risks remain. The IMF communique said the policies of advanced economies […]
IMF Leaders Seek ‘Quick, Effective’ Action on Growth
Posted October 13th, 2012 at 6:40 am (UTC-5)
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Greek Finance Minister Resigns
Posted March 19th, 2012 at 11:10 pm (UTC-5)
Greek Finance Minister Evangelos Venizelos has resigned after being elected to lead the Socialist party PASOK into upcoming early elections. Venizelos officially replaced former Greek prime minister George Papandreou as head of the PASOK party on Monday. Greece plans to hold early general elections in late April or early May to replace the interim coalition […]
Greece’s FM Resigns to Lead Socialist Party Before Election
Posted March 19th, 2012 at 4:15 pm (UTC-5)
Greece’s Finance Minister Evangelos Venizelos has resigned, one day after being elected to lead the Socialist party PASOK in the run-up to elections. Venizelos announced his resignation Monday after meeting with Greek President Karolos Papoulias. Venizelos officially replaced former Greek prime minister George Papandreou as head of the PASOK party on Monday. Greece has announced […]
Europe Rejects US Rebuke Over Debt
Posted September 17th, 2011 at 5:35 pm (UTC-5)
European Central Bank chief Jean-Claude Trichet says the financial position of the 17-member euro zone is better than that of other major economies. Trichet spoke Saturday at the end of a two-day meeting of European Union finance ministers in Wroclaw, Poland. He described the medium-term prospects for euro zone countries as “quite encouraging.” His remarks […]
EU Finance Ministers End Meeting Without Breakthrough
Posted September 17th, 2011 at 11:40 am (UTC-5)
European Union finance ministers have concluded a two-day meeting with little progress on solving Europe’s growing debt crisis. The ministers ended the session Saturday in Wroclaw, Poland without agreeing to a tax on financial transactions that could raise money for the European Union. The meeting ended sooner than planned as thousands of demonstrators gathered in […]
Egypt Decides It Does Not Need World Bank, IMF Funding
Posted June 25th, 2011 at 7:35 am (UTC-5)
Egypt says it has cut its budget deficit for the next year and now will not have to seek international financial assistance to help pay for its governmental operations. Egypt’s economy was buffeted during the political upheaval that toppled former president Hosni Mubarak in February, with foreign tourists staying home and many Egyptian workers disrupting […]
