On Monday, the International Monetary Fund kicks off a two-day conference of top economists to try to distill some lessons from the global financial crisis.
The International Monetary Fund may be run by a card carrying socialist, but its underlying trend became apparent at a morning reception where right-leaning coffee cups made it near impossible for the left-handed to drink without making a mess.
Irish parliamentary elections are set for Feb. 25 following the collapse of Prime Minister Brian Cowen's government, blamed for a bank bailout that left the country close to insolvent and in need of $113 billion in emergency help.
Europe needs to increase the size of its economic rescue fund and take more decisive action to fix its weaker banks, the International Monetary Fund said Tuesday in a new report that cites lingering problems in Europe as the key risk to the global economy.
The International Monetary Fund is predicting that Ireland's governing party will be tossed out in elections early next year, potentially unraveling the complex plan negotiated to secure IMF and European aid for the financially ailing country, according an IMF report.
The fall of the Berlin Wall brought broad hopes that the former Soviet and Warsaw Pact states would get the economic equivalent of a full body makeover. But 20 years on, with China in the World Trade Organization, Brazil anchoring growth in Latin America, and countries such as South Korea tapping international investment, Eastern Europe is at risk of becoming an also-ran among the world's emerging markets. That's something Thomas Mirow is battling to prevent as head of the European Bank for Reconstruction and Development (EBRD), but it is a tough environment.