Tag: Debt
IMF admits mistakes made in Greece bailout
The International Monetary Fund has said that it lowered its normal standards for debt sustainability to bail out Greece and its projections for the...
Brazil to write off $900m of African debt
Brazil has said it plans to cancel or restructure $900m worth of debt in 12 African countries, as part of a broader strategy to...
G20 defuses talk of “currency war”, no accord on debt
The Group of 20 nations declared on Saturday there would be no 'currency war' and deferred plans to set new debt-cutting targets in an...
Greek debt could go above 140 percent of GDP in 2020,...
Greece’s second international bailout in March was supposed to make its debt sustainable by 2020, falling to 116.5 percent of economic output, but two...
G20 flags US fiscal cliff, Europe’s debt woes
Finance chiefs of the world’s 20 leading economies are ringing alarm bells over the U.S. fiscal cliff and Europe’s debt woes at a meeting...
IMF says debt-hit Europe must ‘restore confidence’
Europe must do more to tackle its fiscal crisis, which is heaping extra pressure on an already-strained global financial system, the International Monetary Fund...
Spain debt rises on aid to banks, regions
Spain’s debt as a ratio of gross domestic product will reach 90.5 percent by end 2013, according to the document presented to Parliament for...
Resolving Pakistan’s debt crisis
As Pakistan pays IMF the third installment of $ 107.6 million of the Stand-By-Arrangement, the sustainability of its debt raises fresh concerns. The global...
Greece takes Europe down
European stock markets slid Wednesday following losses in Asia and on Wall Street and as investors awaited key talks on Greece’s debt woes plus...
Indebted to lack of payments
The aid-dependent Pakistan may face unpleasant implications for exchange rate due to foreign debt repayments in current financial year 2012-13 which in return will...
Euro slumps to near 12-year low
The euro tumbled below 95 yen for the first time in almost 12 years on Monday as dealers rushed to the safe-haven Japanese unit...
Oil sinks on Spain’s debt worries
Oil fell in Asian trade Monday as Spain's debt woes pressure financial markets, including commodities, analysts said.
New York's main contract, light sweet crude for...
Greece pays slightly less at three-month debt auction
Greece raised 1.625 billion euros ($2.0 billion) in an auction of three-month debt on Tuesday, the public debt management agency said, at slightly reduced...
Reducing debt a question of French ‘sovereignty’: Hollande
Reducing France's debt is a question not of austerity but of guaranteeing the country's sovereignty, President Francois Hollande said on Monday.
"This is not a...
New Zealand passes law for part sale of energy assets
New Zealand passed legislation Tuesday paving the way for the government to partially privatise billions of dollars worth of state-owned energy assets in a...
Tokyo stocks edge lower by noon
Tokyo stocks ended the morning session in negative territory on Monday with investor cautious ahead of a European Union summit this week aimed at...
Having second thoughts, are we?
India may not be called upon to give $10 billion ( Rs. 55,000 crore) it has committed to the IMF for bailing out debt-wrecked...
