The New York Times
Spain moved closer Saturday to a bailout for its wobbly banks after the International Monetary Fund said that they would need nearly $50 billion in extra capital to guard against a deepening of the country's economic crisis...F released its report...
Newyork Times
The extent and persistence of the economic deterioration may imply further bank losses, Ceyla Pazarbasioglu, deputy director of the fund's monetary and capital markets department, said in a statement. Full implementation of reforms, as well as...
Newyork Times
Opinion Instead of tackling structural problems, much of the endless chatter about the common currency centers on financial engineering: rescue funds, backstopping banks, printing money and the like. At the heart of the European quandary is the...