International Monetary Fund

First Greece, Now Spain?

At the end of 2011, the Long-Term Refinancing Operation (LTRO) brought a modicum of stability to financial markets in Europe. When coupled with the “orderly” default of Greece, the situation…

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A quick guide to the Greek crisis

With Greek debt averaging 30,000 euros in a population of 11.3 million, Greek labor unions calling for massive strikes to protest cuts to wages and pensions, and enough blame going…

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Employment Sends a Shiver Through the Markets

Equity markets meandered through a comparatively benign week before May’s employment report derailed trading on Friday. The S&P 500 Index finished down 2.3% and the Dow Jones Industrial Average was…

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