Hoping to quell its biggest crisis since the Asian woes of 1997, the International Monetary Fund promised on Wednesday to increase the 45 billion-euro aid package for Greece to as much as 120 billion euros over three years. The fund is racing to conclude an agreement for more painful austerity measures from Greece by Monday, clearing the way for the government to receive funding and reassuring inv
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February 9, 2010 11:52 am February 9, 2010 11:52 am Most press coverage of the eurozone troubles has focused on Greece, which is understandable: Greece is up against the wall to a greater extent than anyone else. But the Greek economy is also very small; in economic terms the heart of the crisis is in Spain, which is much bigger. And as I’ve tried to point out in a number of posts, Spain’s trouble
Ireland imposes emergency cuts (アイルランド、緊急利下げ) By Ambrose Evans-Pritchard Telegraph:07 Apr 2009Dublin has unveiled the harshest austerity measures in the history of the Irish Republic, raising taxes and slashing expenditure in an emergency budget despite mounting evidence that the country is already tipping into debt deflation. アイルランド政府はアイルランド共和国史上最も厳しい対策を公表。同国が既に債務デフレに突入しているとの証拠は増えているにも拘らず、緊急予算で税金
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