Tag: finance ministers

Euro zone in no hurry to increase rescue facility

Euro zone in no hurry to increase rescue facility

Following the two-day meeting of European finance ministers in Brussels, it has emerged that Governments are in no hurry to increase the European Financial Stability Facility (EFSF) - otherwise known as the rescue fund. Greece and Ireland have received emergency bailouts from the fund and there has been speculation that weaker euro zone nations will [...]

January 18, 2011 | 0 Comments More
No new measures for euro zone to prevent contagion

No new measures for euro zone to prevent contagion

The meeting of European finance ministers continues today with the debt crisis again to be high on the agenda. However, other issues including the EU budget and VAT are also expected to be discussed. Yesterday’s meeting ended with Jean-Claude Juncker, Luxembourg Prime Minister and Eurogroup Chairman, telling reporters that there is no need to increase [...]

December 7, 2010 | 0 Comments More
Euro zone ministers to meet to discuss rescue fund

Euro zone ministers to meet to discuss rescue fund

A meeting today of euro zone finance ministers is expected to see pressure mount to boost the EU rescue fund in light of the debt crisis. The recent Irish bailout has done little to allay fears and speculation has been mounting that other weaker euro zone economies may need financial aid. Dominique Strauss-Kahn, chief of [...]

December 6, 2010 | 0 Comments More
Euro zone nations work to convince Ireland to ask for help

Euro zone nations work to convince Ireland to ask for help

Yesterday’s meeting in Brussels of euro zone finance ministers concluded with failing to convince Ireland to ask for financial aid. The Irish Government continues to reject a bailout, insisting it is fully funded until at least the middle of next year. However, the country’s financial situation was described as “our most pressing challenge” by EU’s [...]

November 17, 2010 | 0 Comments More
G20 nations address global economic issues

G20 nations address global economic issues

G20 finance ministers and central bank governors from the world’s top 20 developed and emerging economies have met in South Korea this weekend and have said excessive budget deficits should be dealt with immediately. The agenda was believed to be discussing the need for common standards across financial markets, including a global bank tax - [...]

June 6, 2010 | 0 Comments More
G20 finance ministers to meet in South Korea this weekend

G20 finance ministers to meet in South Korea this weekend

Finance ministers and central bank governors from the world’s top 20 developed and emerging economies are meeting this weekend in Busan, South Korea, with the euro zone debt crisis set to be high on the agenda. Markets have been in turmoil in recent months by worries over the debt crisis. The crisis led to the [...]

June 4, 2010 | 0 Comments More
G20 summit unveils optimism for global recovery

G20 summit unveils optimism for global recovery

The finance ministers of the G20 group of developed and emerging economies issued optimism about the global economic recovery, after it met on April 23 in Washington, D.C. An announcement after the meeting stated that the global economy is emerging faster than expected from its worst recession since World War II. According to the G20 [...]

April 25, 2010 | 0 Comments More
G20: Recovery dependent on policy support

G20: Recovery dependent on policy support

A meeting of G20 finance ministers at St Andrews in Fife saw an agreement to maintain financial support until recovery is ensured. The agreement was reached following concerns over rising unemployment and unsteady growth which saw finance ministers from developing and rich countries vow to keep fiscal measures in place until global recovery is assured. [...]

November 9, 2009 | 0 Comments More