EU Finance Ministers lay out Details of Future Bailout Fund

EU Finance Ministers lay out Details of Future Bailout Fund

Posted in IMF, World Bank on 22. Mar, 2011

Finance ministers of the European Union (EU) Monday described the details of the bailout funds that have a permanent capital base of 700 million Euros (987 billion) to tackle the debt crisis in future sovereign. “I can tell you that we agree on all elements of the ESM (European Stability Mechanism), and I am delighted [...]

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Greece’s crisis still no change..

Posted in Finance News, Global Finance, World Bank on 21. May, 2010

Greece: The giant container cranes lie still in the haze of a warm spring afternoon in the port of Piraeus near Athens – a vital commercial hub for the economy since the days of ancient Greece. Business for the local dockworkers is badly down these days as a result of the deep economic crisis that [...]

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