EconWatch.com > AMERICAblog News: IMF warns on Spanish economy

[AMERICAblog News] US politics overall with a particular focus on the Obama Administration, the radical right, and civil rights.

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[Welcome To Jim Sinclair's MineSet] In The News Today : Welcome To Jim Sinclair's MineSet: The annual summit, which began focusing on economic issues but which the Obama administration broadened to include security, is essentially a Washington-led effort to engage more with the Chinese government and to enlist its support in managing global issues, although China is less defensive these days than it used to be at such meetings and also brings its own wish-list.

[Gaea Times (by Simple Thoughts) Breaking News and incisive views 24/7] 4 Spanish savings banks announce plans to merge amid fears over ...: Biden to announce retirement savings safeguardsWASHINGTON ”” The Obama administration on Friday is proposing regulations aimed at protecting workers' retirement savings. The safeguards would protect workers from conflicts of interest on the part of financial advisers who manage their 401(k)s and individual retirement accounts, an administration official said, speaking on condition of anonymity because the proposal had not yet been formally announced.

[Finance Blog] North Korea Sanctions Could Take Down The Economy Via Huge ...: While Obama spent the weekend shorting through contradictory primary results, trying to figure out what next to say about the Gulf oil spill, and basking in the afterglow of his Senate win on financial reform, a potential nightmare is giving him sleepless nights.

[Stock Market News] New World Order is starting NOW! **must see** | Stock Market News: The International Monetary Fund (IMF), created at the Bretton Woods economic summit near the end of World War II, is being touted as the obvious candidate for a global financial regulatory organization. Historically, the IMF’s mandate has been far more limited than many of its creators, including British economist John Maynard Keynes (one of the organizers of the Bretton Woods conference), originally envisioned.

[Big Government] » The Green Dog Not Barking in the NYT - Big Government: Also, focusing on shoring up our own mess wouldn't be conducive to imposing the rest of Obama's agenda, beginning with the “green economy” which of course is all about “organizing society” and nothing about “climate” etc., as I detail here. imposing massive economic inefficiencies and redundancies at the cost of staggering debt and “skyrocketing” energy costs.

[Politeía Digest] Germany After the EU and the Russian Scenario « Politeía Digest: Moreover, with the Europeans preoccupied with their economic crisis and the United States still bogged down in the Middle East and needing Russian support on Iran, Moscow has found little outside resistance to its efforts to increase its influence in the former Soviet Union.

[BBC NEWS | Peston's Picks] BBC - Peston's Picks: How sinister is the Libor rise?: On the button on at least 2 of your hypotheses, Mr Peston.Risk managers in the financial services sector have had their fingers so badly burned in 2008-2009 that they now model in regulatory factors,existing or future,with extra care.And potential LIBOR lenders are now looking very carefully at European banks.Look at what's happening.Italian banks have had the mark-to-market on eurozone bonds lifted meaning at least one is over-exposed to southern European government paper.Spanish 'cajas' are desperately trying to merge with anyone with a modicum of liquidity,as the value of Spanish property, their collateral,falls by more than 50%.There's every possibility of a massive systemic failure, a kind of perfect financial storm, where not just one 'Club Med' country's banking system fails but 2 or 3 at once.If investor and creditor confidence continues to plummet like this,it could happen,and it could spread into Northern Europe very quickly.Only one thing for it - start buying gold!

[Liberty Cap Press / The Invisible Hand] Invisible Hand Episode 9: Interview with Ellen Hodgson Brown ...: But the IMF wants to see yet more service cuts and tax increases, both of which are being opposed by Spanish trade unions, and the American President apparently agrees with the IMF. He then admitted that the austerity measures would shrink the economy, and added that the EU needs to provide “stimulus measures” to counteract that.

[Watts Up With That?] Leaked Doc Proves Spain's Green Policies an Economic Disaster ...: Hadn’t Spain gotten the hell out of Dodge Iraq City when they did, and still shelled funding into the green drain they’d probably gone bust before Greece. UK are still keeping their nose above the surface only because of the oil, but then again BP might have f.ed that up for UK completely unless the conservatives gets down and dirty begin all that they can be and separate man from state, and from what it looks like now UK from EU, since obviously UK was only a bone to EU as long as UK was on the up and up and, no war to fund years and year and years through two serious downs, and at the same time funding every “green”

[Wilfred Vos' Blog] Wilfred Vos' Blog » Blog Archive » This morning stocks fall around ...: In addition, 4 Spanish banks said they will combine as regulators and push lenders to merge with stronger partners and after the International Monetary Fund (IMF) yesterday urged the nation to take more steps to overhaul its financial institutions. The North Korea Intellectuals Solidarity group said on its website that the country’s military was put on alert, and the U.S. announced plans yesterday to conduct anti-submarine exercises with South Korea following the March 26th torpedoing of a warship.

[The Irish Economy] The Irish Economy » Blog Archive » The Very Bad Luck of the Irish ...: “Even if we fall short of the IMF option in favour of a run-of-the-mill severe recession, the consequences for Britain are going to be horrific. Roads and schools and hospitals will go unbuilt and unrepaired, medical treatments will go unbought, nurses and policemen and council workers will be laid off.

[German Marshall Fund Blog] German Marshall Fund Blog » Blog Archive » The US needs an Iberian ...: But to forestall a cascading collapse of indebted European economies, the Obama administration should call on the International Monetary Fund (IMF) to establish a precautionary credit line for Portugal and Spain similar to the $47bn (€35bn) arrangement set up for Mexico in April 2009, when that country faced speculative attacks on its currency and banking system. It would signal to financial markets that betting against Lisbon and Madrid may yet prove a losing proposition.

[Simple Thoughts - Java and Web Blog] EU economic ministers meet to draw up financial rescue plan to try ...: Eurozone ministers to meet SundayBRUSSELS ”” The finance ministers of the 16 nations using the euro will meet Sunday to review a proposed bailout for Greece, as Athens wraps up negotiations on drastic new cuts and tax increases to win rescue loans from its European partners and the IMF. Luxembourg's Jean-Claude Juncker, head of the Eurozone finance ministers, said they will meet in Brussels to discuss a deal on Greece's tenuous financial situation that is expected to have been reached by its government, the International Monetary Fund and European officials.

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