Posts tagged as:

IMF

France Goes Socialist

May 7, 2012

The people of France voted for change yesterday — from a right-leaning President in Sarkozy to the Socialist Francois Hollande.  The markets voted today — first down, then profit-taking.  Not a tantrum, but not an endorsement either. The people of France, like those in Greece and Italy, have chosen to wait until another day to [...]

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Greece Gets $170 Billion Bailout

February 21, 2012

The Eurozone decided today to spend around $170 billion to prevent Greece from defaulting next month.  Those who hold Greek bonds were asked to take 53.5 cents on the dollar as part of the deal.  The International Monetary Fund (IMF) is also lurking in the shadows as billions of American dollars have already gone to [...]

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Big Fat Greek Tragedy (Now with Added Bailout!)

May 7, 2010

Greece is in a terrible mess. More union/socialist-led youth violence continues to plague a nation which passed an austerity measure yesterday.  Three people have died in violence this week.  The austerity measure would cut back benefits and spending in order to make up for their massive debt.  The EU will put up 80 million euros [...]

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