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| IMF to Intervene in Bond Markets Posted: 05 Oct 2011 08:38 AM PDT
After much deliberation the IMF has indicated that it may indeed intervene in bond markets as it anticipates the Greek bailout package to be modified. This move has the support of a number of countries currently facing debt crises such as Spain and Italy, which are encountering their own set of problems stemming from the financial downturn. While countries such as these don't face the same level of insolvency as Greece, for example, they do suffer from a lack of investor confidence. Therefore, a move on the part of the IMF to boost bonds could help reinvigorate some euro zone economies. Ultimately, this will shore up additional economies in the EU which dovetails nicely with what EU finance ministers set forward as their own plan just this week. |
| Greek Debt the Main Focus at EU Meeting Posted: 04 Oct 2011 01:32 AM PDT
Following Tuesday's meeting with top European Union finance ministers, there remains much doubt regarding the ability of the Greek government to meet its debt obligations. While there were several other topics discussed, such as shoring up other euro zone economies, the Greek debt crisis was the main issue addressed. EU ministers are being forced to review the most recent bailout package handed out to Greece as it is becoming clear that the Greek government is not hitting its target budget for reducing deficit. In order to protect other EU countries, the union's finance ministers have decided to take various measures in order to build up weaker economies in the euro zone. Some ministers are aiming to make Greece's debt woes an issue for private bondholders and creditors to help solve. This idea did gain favor as this would relieve many other struggling economies in the EU from having to further exhaust funds in order to aid the faltering Greek economy. Still, the EU remains in hot water and addressing its myriad problems is not an easy fix by any measure. |
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