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    Apr 30, 2013 |Story| Los Angeles Times
  1. Eurozone's unemployment climbs to 12.1%, a fresh record high

    WASHINGTON -- The Eurozone's unemployment rate hit a record high of 12.1% in March as the region continued to struggle with recession, government officials said Tuesday. The seasonally adjusted jobless rate for the 17-nation group topped the previous...

    Tags: Money and Monetary Policy, Federal Reserve, Finance, Unemployment, Energy

  2. Apr 30, 2013 |Story| McClatchy-Tribune
  3. Quiet M'sian market seen leading up to general election

    The Star, Kuala Lumpur, Malaysia / Asia News Network
    PETALING JAYA (The Star/ANN) -- Investors and traders should expect a relatively quiet stock market leading up to the general election in Malaysia (GE) this Sunday with the index likely to end the week with a mild upward bias at best. This will come...

    Tags: Politics, Media Industry, Economy, Business and Finance, Malaysia, Credit Ratings

  4. Apr 22, 2013 |Column| Orlando Sentinel
  5. The end of macro magic

    WASHINGTON -- The International Monetary Fund recently held a conference that should concern most people despite its arcane subject -- "Rethinking Macro Policy II." Macroeconomics is the study of the entire economy, as opposed to the examination of individual markets ("microeconomics"). The question is how much "macro" policies can produce and protect prosperity. Before the 2008-09 financial crisis, there was great confidence that they could. Now, with 38 million unemployed in Europe and the United States -- and recoveries that are feeble or nonexistent -- macroeconomics is in disarray and disrepute.
    WASHINGTON -- The International Monetary Fund recently held a conference that should concern most people despite its arcane subject -- "Rethinking Macro Policy II." Macroeconomics is the study of the entire economy, as opposed to the examination of...

    Tags: Money and Monetary Policy, Federal Reserve, Finance, International Monetary Fund, Economic Policy

  6. Apr 16, 2013 |Column| Tribune Media Services
  7. A right and proper death of the euro

    William Pfaff
    PARIS -- When the proposal was initially made for a common European currency, it seemed to this writer to be a good idea, with the flaw that it wouldn't work. Although inexpert in economics (being a product of the age of arithmetic), it struck me as an...

    Tags: Angela Merkel, Italy, Politics, France, Germany

  8. Apr 8, 2013 |Story| Los Angeles Times
  9. Greek bank stocks plunge after merger freeze

    ATHENS — Greek bank stocks plunged 30% on Monday, the maximum allowed in a day, after plans to merge the country's two biggest lenders were suddenly frozen.
    ATHENS — Greek bank stocks plunged 30% on Monday, the maximum allowed in a day, after plans to merge the country's two biggest lenders were suddenly frozen. The surprise freeze came amid testy talks between the government and international...

    Tags: Restructuring and Recapitalization, Economy, Business and Finance, International Monetary Fund, Finance, National Bank of Greece SA

  10. Apr 8, 2013 |Story| Los Angeles Times
  11. Greek bank stocks plunge as merger is frozen

    ATHENS – Fears concerning Greece’s efforts to fix its faltering economy flared anew Monday as bank shares sank 30% -- the maximum allowed in a day -- after plans to merge the country’s two biggest lenders were suddenly frozen.
    ATHENS – Fears concerning Greece’s efforts to fix its faltering economy flared anew Monday as bank shares sank 30% -- the maximum allowed in a day -- after plans to merge the country’s two biggest lenders were suddenly frozen. Investors...

    Tags: International Monetary Fund, National Bank of Greece SA

  12. Apr 4, 2013 |Story| Los Angeles Times
  13. Bank of Japan unveils bold plan to lift economy, combat deflation

    Japan's central bank took a massive bet to reset its economy and pull out of nearly two decades of deflation.
    Japan's central bank took a massive bet to reset its economy and pull out of nearly two decades of deflation. The Bank of Japan announced an aggressive and ambitious plan Thursday to expand its purchase of long-term bonds and double the amount of...

    Tags: Money and Monetary Policy, Japan, Federal Reserve, Finance, Business

  14. Apr 3, 2013 |Column| Orlando Sentinel
  15. The Improvisers

    WASHINGTON -- The bailout of Cyprus -- if it can be called that -- bore all the trappings of Europe's standard response to its economic crisis. The last-minute, melodramatic rescue was complex, contentious and controversial. Decisions were taken that, for now, prevent Cyprus' problems from spilling over to the 16 other countries that use the euro. But the same steps may make matters worse in the long run. No one who reads Neil Irwin's splendid new book, "The Alchemists: Three Central Bankers and a World on Fire," will be surprised.
    WASHINGTON -- The bailout of Cyprus -- if it can be called that -- bore all the trappings of Europe's standard response to its economic crisis. The last-minute, melodramatic rescue was complex, contentious and controversial. Decisions were taken that, for...

    Tags: Politics, Federal Reserve, Finance, The Washington Post, Business

  16. Apr 1, 2013 |Column| Allentown Morning Call
  17. Betray your bank before your bank betrays you

    What's a Slovenian with several hundred thousand euros in the bank supposed to do? Spread it out among at least a few different banks, that's what. Or move the money out of the country, while it's still possible. Imagine what must be on the minds of...

    Tags: Spain, Cyprus, Italy, Economy, Business and Finance, Central Bank

  18. Mar 28, 2013 |Story| Los Angeles Times
  19. Cyprus bailout: How the tiny country got here

    As banks opened their doors Thursday for the first time in nearly two weeks in Cyprus, the odyssey over the nation's financial crisis and ensuing bailout took its newest turn. If you haven’t followed the economic drama in this Mediterranean island, here’s a recap of how Cyprus came to preoccupy the Eurozone.
    As banks opened their doors Thursday for the first time in nearly two weeks in Cyprus, the odyssey over the nation's financial crisis and ensuing bailout took its newest turn. If you haven’t followed the economic drama in this Mediterranean island,...

    Tags: Cyprus, Cypriot Banking Crisis (2013), European Union

  20. Mar 27, 2013 |Column| Chicago Tribune
  21. Cyprus bailout raises fears of tapping savings accounts in other troubled countries

    The prospect of losing money in a bank savings account was once considered unthinkable, but the possibility sent Americans into a panic in the 2008 financial crisis, and the threat recently surfaced anew.
    The prospect of losing money in a bank savings account was once considered unthinkable, but the possibility sent Americans into a panic in the 2008 financial crisis, and the threat recently surfaced anew. This time the focus is on European banks and the...

    Tags: Spain, Cyprus, Italy, Economy, Business and Finance, Cypriot Banking Crisis (2013)

  22. Mar 24, 2013 |Story| Los Angeles Times
  23. Cyprus, creditors reach draft deal for avoiding economic collapse

    ATHENS — After hours of tortuous threats and talks, Cyprus reached a draft deal with its international lenders Monday to keep the island’s failing banks from collapsing and its economy anchored to Europe’s single currency.
    ATHENS — After hours of tortuous threats and talks, Cyprus reached a draft deal with its international lenders Monday to keep the island’s failing banks from collapsing and its economy anchored to Europe’s single currency....

    Tags: Cyprus, Nicos Anastasiades, Cypriot Banking Crisis (2013), International Monetary Fund, European Union

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