Posted In: European Central Bank, Federal Reserve
The U.S. Federal Reserve says it will continue holding interest rates down the rest of the year through its "Operation Twist" -- swapping short-term securities for long-term ones. But the economic crisis is global, and ours is not the only central bank that's worried about stoking economic growth.
Posted In: Europe debt crisis, spain, Germany, European Commission
The European Commission recommended today that Europe bring its banking system into closer union, so that stronger parts of the EU can help out weaker links without disrupting individual governments.
Posted In: Greece, euro, Europe debt crisis
Although eurozone members want Greece to keep the euro, contingency plans are being made in case there is a parting of ways. The cost and wider economic effects of a possible Greek exit are highly uncertain.
Posted In: World Bank, Colombia, Nigeria
How would the IMF and the World Bank really change if the new leader was appointed from a developing nation instead of the U.S.?