IMF expert warns Ireland to ‘seek bailout now’
Harry Leech and Nick Webb Indepedndent A FORMER chief economist at the IMF has warned that Brian Lenihan must immediately ask the IMF for a…
Euro
Nation states are dead: EU chief says the belief that countries can stand alone is a ‘lie and an illusion’
Daniel Martin Daily Mail The age of the nation state is over and the idea that countries can stand alone is an ‘illusion’ and a…
Ireland’s crisis flares as investors dump bonds
Shawn Pogatchnik Associated Press DUBLIN – Ireland’s financial troubles loomed large Wednesday as investors — betting that the country soon could join Greece in seeking…
Dollar Gains as Euro Concerns Resurface
Associated Press NEW YORK — The dollar mostly bounced higher against the euro Monday, building on Friday’s gains as debt woes in Ireland reawakened concerns…
PIIGS Return to the Slaughter
Chris Gaffney Daily Reckoning St. Louis, Missouri – Friday is finally here… The end of what has been an exhausting week here on the trade…
Powerful EU Nations May Reform “Mission Impossible” Treaty in Secret
Eric Blair Activist Post The AFP reported today that the European Union members agreed to make “landmark” and “tricky” reforms to the current Lisbon Treaty…
Forex markets on alert as IMF talks fail to gain currency
Foreign exchange markets are braced for fresh turbulence after talks at the IMF failed to ease fears of a currency war Larry Elliot Guardian The…
Joseph Stiglitz: the euro may not survive
Joseph Stiglitz, one of the world’s leading economists, has warned that the future of the euro is “looking bleak” and the fragile European economic recovery…
Global unemployment to trigger further social unrest, UN agency forecasts
International Labour Organisation (ILO) notes that social unrest has already been reported in at least 25 countries Madrid protests – Paul White/AP Photo Julia Kollewe…
A Dangerous Divide in the Secret Committee to Save the Euro
Marcus Walker, Charles Forelle and Brian Blackstone Wall Street Journal BRUSSELS—Two months after Lehman Brothers collapsed in the fall of 2008, a small group of…
Fears rise as EU nations aim to raise borrowing
David Oakley Financial Times The eurozone debt crisis is about to enter a critical phase as governments prepare to step up borrowing in the capital…
Which safe-haven currency will benefit most?
Tamawa Desai Reuters Risks of global economic slowdown have triggered a shift toward “safe-haven” assets this month, pushing world stock prices off their peaks and…
China Favors Euro Over Dollar as Bernanke Alters Path
Candice Zachariahs and Ron Harui Bloomberg China, whose $2.45 trillion in foreign-exchange reserves are the world’s largest, is turning bullish on Europe and Japan at…
Dollar nears 15-year low versus yen
Vivianne Rodrigues Reuters The U.S. dollar approached a 15-year low against the yen on Friday and fell against the euro after news that the United…