News Tag: emergency meeting
July 13, 2011
The International Monetary Fund (IMF) is urging Italy to introduce austerity measures to lower the country’s debt.
Its warning comes as there are fears that the euro zone’s third largest economy could be dragged into the euro zone’s debt crisis as it has the second highest sovereign debt ratio in the region.
As a result, the Government is now pressing ahead with a ...
IMF: Italy must introduce spending cuts
by Kay Mitchell
August 20, 2010
Global stock markets have lost ground today after worse-than-expected weekly jobless numbers from the US yesterday.
Furthermore, Tokyo shares were down as speculation mounted that the Bank of Japan would hold an emergency meeting to discuss the strength of its currency, the yen.
The yen has hit a 15-month high against the dollar - fuelling concerns about the impact on ...