Euro zone finance ministers want a clear cut answer from Spain whether it will seek financial support after Madrid’s borrowing costs sharply lowered following the European Central Bank decision to buy bonds last week. Will Spain ask for its bailout, so that the ECB’s unlimited bond buying project can be launched? This question has recently been number 1 in Europe. The ECB has made it clear... 

Greek Finance Minister Yiannis Stournaras talks to the press after meeting with the EU-IMF-ECB troika at the prime minister’s office in Athens on September 10, 2012. Greek Finance Minister Yannis Stournaras says the cash-strapped euro member has offered its multi-billion-euro austerity program to its troika of international auditors. “We have submitted the 11.5-billion-euro ($14.7 billion)... 

“German” Minister of Economy Philipp Roesler has expressed disillusionment with debt-ridden Greece’s endeavors to implement reforms to save its economy. “I’ve lost my illusions,” Roesler told the weekly magazine Focus in an interview to be printed on Monday. “I proposed with German businesses a whole series of support measures for the Greek government,” he said. “The... 

A financial analyst says the eurozone bankers and policy makers are responsible for the bloc’s deepening economic crisis, Press TV reports. “The eurozone is really not in the bad shape that the policy makers tell us it is in. They are basically extorting us into accepting things like transforming the European stability mechanism, the new financing fund into a bank which allows them to get ten... 

Portuguese workers protest in a demonstration against the government’s austerity measures, Lisbon, June 16, 2012. People in Portugal have staged a protest rally against the government’s austerity measures imposed to help cap the country’s public debt. Thousands took to the streets of Lisbon on Saturday following a much larger rally in the northern city of Oporto last week. They condemned... 

Fitch says the downgrade reflects negative economic and market environment in Spain. Fitch credit ratings agency has downgraded Spain’s rating by three notches citing the country’s banking crisis, mushrooming debt and recession as the main reasons for the downgrade. The international agency announced on Thursday that it has cut Spain’s long-term foreign and local currency to ‘BBB’... 

Millions of Americans may lose homes for debt. Millions of Americans are at risk of losing their homes due to mortgage debt. The finding is by a group of experts from the International Monetary Fund, haning prepared an analytical report on the prospects of the global economy. “About 2.5 million owners of apartments and homes in the U.S. have lost their homes. Other 1,500,000 have systematically... 

Greek pensioners protesting in Athens. In Greece, angry pensioners have once again taken to the streets in the capital Athens to protest against the government’s tough spending cuts. The pensioners gathered to express opposition with lawmakers’ decision to slash another 325 million euros in wages, pensions, and jobs, as demanded by the European Union and International Monetary Fund (IMF) in order... 

Protesters waved Romanian flags with holes in them, symbolising the 1989 anti-communist revolution. Police officer seriously injured after resignation of Palestinian-born doctor over health reforms sparks mass protests. Romanian police have fired tear gas and clashed with protesters during an anti-government rally in the third consecutive day of demonstrations against austerity cuts and worsening... 

Soldiers stand guard as an armored truck containing gold reserves arrives to the Central Bank in Caracas, Venezuela, Friday Nov. 25, 2011. Venezuela has begun to repatriate the South American nation’s gold treasures held in Western banks in a move to protect the country against economic crises in the United States and Europe, a report says. The shipment of gold arrived in Venezuela on Friday... 

What was all of this, a consensual political boost so he could get the sympathy of French voters? Former International Monetary Fund chief, Dominique Strauss-Kahn, has walked out of court free without bail. His release came after prosecutors raised doubts over the credibility of the hotel housekeeper who has accused him of sexual assault. Prosecutors agreed to release the former IMF head on his own... 

The International Monetary Fund said on Wednesday that the US debt burden is perilously unsustainable but warned against too-sharp fiscal adjustments that would slow the fragile economy. In its annual assessment of US financial strengths and weaknesses, the IMF also said that if the government does not hike its debt ceiling soon to accommodate current spending commitments, the impact could wreak havoc... 

Trojan horse: IMF has warned the Greek crisis could spark a new financial panic. Europe’s political elite is ‘playing with fire’ through its failure to tackle the economic crisis engulfing Greece, the International Monetary Fund has warned. The Washington-based watchdog predicted that a fresh round of turmoil would spread through financial markets unless European leaders shore up the stricken... 

A new report prepared for Prime Minister Putin by the Federal Security Service (FSB) says that former International Monetary Fund (IMF) Chief Dominique Strauss-Kahn was charged and jailed in the US for sex crimes on May 14th after his discovery that all of the gold held in the United States Bullion Depository located at Fort Knox was ‘missing and/or unaccounted’ for. According to this FSB secret... 

Dominique Strauss-Kahn is set to receive a $250,000 ‘golden parachute’ severance payment and American taxpayers will help fund it. The former International Monetary Fund chief, who quit after being charged with sexually assaulting a New York hotel maid, is also due to be handed a pension. U.S. Congressmen reacted angrily to the deal but conceded they are almost powerless to stop it from...