In a comuniqué from the I.M.F. at the conclusion of it’s twenty-sixth meeting, the International Financial and Monetary Committee (IFMC) said that global growth is slowing and “substantial downside risks remain” while pleading with U.S. leadership to resolve it’s debt crisis sooner, rather than later. The policy-setting body of the I.M.F., the I.F.M.C, said that [...]
Tag: "International Monetary Fund"
Spain’s economy is under such duress that the country is prepared to request a 40 billion Euro cash injection from the Euro zone this weekend. The request comes after Fitch Ratings reduced Spain’s credit by three notches on Thursday. This move will make Spain the fourth country to need a bailout since the European debt [...]