Cyprus reached a deal with international lenders on a 10 billion euro ($13 billion) rescue plan, agreeing to close down one of its largest banks and inflict heavy losses on big depositors.
G20 leaders in Cannes have ended their summit with an agreement to increase the resources of the International Monetary Fund to help stem the European debt crisis.
European leaders have proclaimed a new crucial plan to reduce Greece’s debts and provide it with more loans so that the country can eventually get out of its debt burden.
On Tuesday The International Monetary Fund warned that the United States and the eurozone risk being plunged back into recession unless policymakers solve the problems facing the world’s two biggest economic forces.
A phone call a housekeeper made after she said she was sexually assaulted by Dominique Strauss-Kahn was part of a series of statements, fabrications and associations that unraveled the case.
The sexual assault case against Strauss-Kahn is on the verge of being jeopardized as investigators have revealed major holes in the credibility of the housekeeper who charged that Strauss-Kahn attacked her in his Manhattan hotel suite in May.
Dominique Strauss-Kahn has resigned as head of the International Monetary Fund, four days after being charged with the sexual attack of a Manhattan hotel chambermaid.
Over the last few years, everyone has been worrying about America’s debt, and despite all that public worrying, markets keep lowering the rates at which we can borrow money.
Eurozone nations have begun setting up a giant fund that could rescue any member of Europe’s currency union from default, aiming to soothe market jitters that have sent the euro to a new four-month low against the dollar, Reuters reports. The “shock and awe” financial rescue package from the European Union and the International Monetary […]