Topic: EU Economy
Bank of Korea keeps interest rate at record low
AP News
Bank of Korea keeps key interest rate at record low as economic growth slowsSouth Korea's central bank left its key interest rate at a record low Thursday amid international sovereign debt concerns and as the institution prepares for a leadership change. The Bank of Korea said it kept the ...
ECB to examine European IMF plan: Trichet
AFP Global Edition
The European Central Bank will consider a proposed emergency fund for eurozone economies in distress, ECB chief Jean-Claude Trichet said on Wednesday. "We don't reject the idea at this stage. We have to look at it and look at the details," Trichet told reporters on the sidelines of an ...
Germany, France see 'EMF' as medium term aim: Fillon
AFP Global Edition
France and Germany agree that idea of a European-style IMF is not aimed at helping Greece now but is a medium-term project, France's prime minister said Wednesday after talks in Berlin. "We are in agreement about discussing instruments for the medium term if crises of this kind (like Greece ...
Analysis: Greece's crisis could presage America's
AP News
Analysis: International burden-sharing? US shares debt ills, other problems with GreeceGreece is a financial basket case, begging for international help. Is America heading down that same road? Many of the same risky financial practices that now imperil the Greeks were at the center of the all-too-recent U.S. meltdown. As ...
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