Topic: Economic Issues
W.House's Romer: Too soon for spending clamp-down
Reuters US Online Report Business News
ARLINGTON, Virginia (Reuters) - Clamping down on spending now to cut the gaping U.S. budget deficit would be "pound-foolish" and derail the economic recovery, a top White House economic adviser said on Tuesday. "Immediate fiscal contraction would inevitably nip the nascent economic recovery in the bud -- just as fiscal and ...
Greece wants speculative curbs, U.S. has own plan
Reuters US Online Report World News
WASHINGTON (Reuters) - Top Greek officials pressed their case on Tuesday for curbs on speculative trading they blame for pushing the country into crisis, but the Obama administration reacted coolly, saying it was working on its own plans to make trading more transparent. Greece's finance minister, George Papaconstantinou, urged backing ...
EU urges US to join in action against speculators
AP News
European Union, Germany's Merkel urge US to join action against some credit default swapsEuropean officials urged the U.S. to join in a crackdown on speculators who bet against Europe's currency union, warning they might ban some credit default swaps — opaque financial instruments blamed for worsening the world ...
IMF boss defends plan for 'green fund'
AFP Global Edition
The head of the International Monetary Fund on Tuesday defended plans to create a 100 billion dollar fund to help countries mitigate the effects of climate change. "The problem of climate change itself is not really in the mandate of the IMF," Dominique Strauss-Kahn told a group of students in ...
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