IMF

[iam802]

IMF advisor says we face a Worldwide Banking Meltdown

Dr. Robert Shapiro who advised Presidents Clinton and Obama and who currently advises the IMF predicts a cascading meltdown of the World's banking system starting with Sovereign debt in the Eurozone, affecting the UK then finally bringing down the global banking system.

The clip was aired October 5, 2011 on the popular News show Newsnight with the corporation's top interviewer Jeremy Paxman.

http://www.youtube.com/watch?v=6UGDTtqk ... ture=share

[winston]

The IMF could offer Italy between EUR400 billion-EUR600 billion in financial support.

Source: Dow Jones Newswire

[winston]

The IMF has confirmed that there's no discussion with Italy, on any financial support.

Source: CNBC

[winston]

Euro Central Banks Seen Providing Up to $270 Billion via IMF

A European proposal to channel central bank loans through the International Monetary Fund may deliver as much as 200 billion euros ($270 billion) to fight the debt crisis, two people familiar with the negotiations said.

Source: Bloomberg

[kennynah]

what's the diff?

[winston]

The finance ministers face a deadline on Monday to decide their contributions to a plan to extend up to 200 billion euros in bilateral loans to the IMF, to bolster its crisis-fighting power.

Doubts hang over the scheme after Germany's Bundesbank said last week it would only contribute if non-euro zone and non-European countries did too, while the level of outside commitment is also not clear.


Source: Reuters

[winston]

Euro zone ministers agreed on Monday to boost IMF resources by 150 billion euros to ward off the debt crisis and won support for more money from EU allies, but it was unclear if the bloc would reach its 200 billion euro target after Britain bowed out.

Source: Reuters

[winston]

The IMF needs to raise another US$500 billion to rescue the troubled euro zone, but how?

The Institute of International Finance, which represents banks involved in the proposed Greek debt swap, has resumed talks with Greece.

There should be room for a compromise to avoid a 14.4 billion euro (HK$144.2 billion) debt default on March 20.


Source: Dr. Check, The Standard HK

[winston]

This guy keeps on surfacing over and over again. No fire without smoke ....

Strauss-Kahn to be quizzed on prostitution ring

LILLE, France - French police will question disgraced former IMF chief Dominique Strauss-Kahn on Tuesday about his alleged involvement in an illegal prostitution ring.

He has been summoned for questioning at 9:00 am (0800 GMT) in connection with a police probe into the organisation of sex parties in restaurants and swingers' clubs in Paris, Washington, Madrid, Vienna and Ghent, Belgium.

Strauss-Kahn could face charges if magistrates deem he was aware the women who took part were prostitutes and the funds to pay them were fraudulently obtained, as is being alleged against other suspects.

A police source said it was not ruled out that Strauss-Kahn would be charged then taken before a judge to decide whether he should be remanded in custody.

http://news.asiaone.com/News/Latest%2BN ... 29195.html

[kennynah]

lagarde has just confirmed indirectly that no amount has been agreed upon that will come out of imf...she has to take today's discussion to imf's board for decision on how much exactly it will provide...

the rule of thumb was 1/3 the sum... but that's not cast in stone yet