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The International Monetary Fund has drawn up emergency plans to bail out governments affected by the financial crisis, after warning yesterday that no country would be immune from the ripple effects of the credit crunch.

Dominique Strauss-Kahn, the Fund's managing director, said it could make "hundreds of billions of dollars" available to either rich countries in the west, or to developing nations.

Amid fears that the extreme turbulence of the past month will push governments to the brink of financial collapse, Strauss-Kahn said he had asked the Fund's board to activate its fast-track loan procedure.

... more here: http://www.guardian.co.uk/business/2008/oct/09/globaleconomy.creditcrunch
Nick: JirkaPraha, 10.10.2008 10:19:32
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The Wall Street bank Goldman Sachs is gearing up to pay huge year-end bonuses to its 31,000 employees after raking in quarterly profits of $3.19bn (£1.96bn), boosted by astute trading, resurgent...
Finance and Business
21.10.2009 08:39:49 | Nick: JirkaPraha
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A man in the United States popped out to his local petrol station to buy a pack of cigarettes - only to find his card charged $23,148,855,308,184,500. "I thought somebody had bought Europe with my...
Finance and Business
16.7.2009 14:36:12 | Nick: JirkaPraha
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The sickness afflicting the global financial economy has entered a new and worrying phase. It started last summer with the closing down of big chunks of the wholesale money and securities...
Finance and Business
24.10.2008 09:14:42 | Nick: JirkaPraha
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As the secretary-general of Opec flew into Moscow yesterday to talk about oil, Alexei Miller, the chairman of Gazprom, was jetting out of Tehran after concluding talks about gas with Iran and Qatar....
Finance and Business
23.10.2008 09:04:19 | Nick: JirkaPraha
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The swift and ruthless exploitation of the economic meltdown on behalf of globalists and central banks revolves around their drive to move towards a one world currency system and an unprecedented...
Finance and Business
21.10.2008 11:59:40 | Nick: JirkaPraha
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After Britain and the US injected massive amounts of capital into their banks, Switzerland has taken emergency measures to try to shore up its banking system. Sean Farrell reports. In an...
Finance and Business
21.10.2008 10:28:38 | Nick: JirkaPraha
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Ukraine, Hungary, and Serbia are all in emergency talks with the International Monetary Fund, raising fears that an exodus of foreign investors will set off a systemic crisis across Eastern Europe....
Finance and Business
17.10.2008 11:31:46 | Nick: JirkaPraha
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Approximately half of the first $250 billion tranche of money approved by Congress for the mortgage crisis will end up in the hands of the "healthy" big banks. "For the good of the American...
Finance and Business
15.10.2008 08:20:19 | Nick: JirkaPraha




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