Posts tagged IMF

Gillard urges Europe to stabilise economy

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PRIME Minister Julia Gillard and South Korean President Lee Myung-bak have issued a joint statement urging “resolute action” by Europe to address uncertainty in the global economy.

Ms Gillard and Mr Lee will be among the G20 nation leaders to gather in the Mexican resort city of Los Cabos on Monday and Tuesday.

“We need a clear message from Europe More >

How shock waves will hit US if Greece drops euro

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THE unthinkable suddenly looks possible.

Bankers, governments and investors are preparing for Greece to stop using the euro as its currency, a move that could spread turmoil throughout the global financial system.

The worst case envisions governments defaulting on their debts, a run on European banks and a worldwide credit crunch reminiscent of More >

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