Posts tagged as:

bailout

The Greece Bailout: Is it Effective?

Greece was able to finalize a deal with Germany and the IMF regarding its heavy €110-billion ($150-billion) debt. The EU will be providing €80 billion while the IMF will be providing the additional €30 billion. Prime Minister George Papandreou believes this bailout funding will save Greece, but its citizens are thinking otherwise. Globe and Mail [...]

Continue Reading →

3 Reasons We Think Wall Street Will Not Listen to Obama

President Obama issued a statement on Monday urging banks to do more lending and less bonuses. It’s understandable given the amount of money hoarding banks are doing these days in spite of businesses and homeowners in need of loans. However, one has to wonder what effects if any this plea will have on the banks. [...]

Continue Reading →