Tag: debt crisis

• Thursday, November 12th 2020 - 09:04 UTC

  Some 15 million negatively financially impacted by pandemic in UK; StepChange charity urges support

  

  Britain is 'sleep-walking' into a personal debt crisis with the number of people in severe debt problem topping a million due to the coronavirus pandemic, charity StepChange has warned.

• Thursday, June 18th 2020 - 13:30 UTC

  Chile heading for its worst economic contraction in 35 years, central bank

  

  The Chilean central bank said on Wednesday that the economy of the world’s top copper producer would contract between 5.5% and 7.5% in 2020, taking it to the lowest levels since the Latin American debt crisis of the 1980s.

• Friday, March 6th 2020 - 11:00 UTC

  IMF has held “productive talks” in Buenos Aires and leaves this Friday

  

  An International Monetary Fund team currently in Argentina has held “productive” talks with local officials, a spokesman said on Thursday, though there was little detail on concrete progress about reaching a deal over the country’s debt crisis.

• Saturday, January 18th 2020 - 08:45 UTC

  Another Argentine province, Chubut, asks to delay payments on debt

  

  The government of Argentina's Chubut province will seek to delay payments on debt after Buenos Aires province, Argentina's largest, also asked its creditors for extensions as the country grapples with a debt crisis, local media reported on Friday.

• Friday, September 7th 2012 - 02:55 UTC

  OECD warns recession is “taking hold” of Euro zone including largest economies

  

  Europe's debt crisis is pushing the 17-country Euro-zone toward recession and dragging down the global economy, the Organization for Economic Cooperation and Development said in a report.

• Friday, August 3rd 2012 - 08:06 UTC

  IMF calls for “policy game changer” in the Euro zone to arrest spread of debt crisis

  

  The IMF called on Thursday for a “policy game changer” in the Euro zone to arrest the spread of the debt crisis it now says is clearly engulfing the entire currency bloc and its smaller neighbours.

• Monday, June 4th 2012 - 03:40 UTC

  Berlin conditions Euro area bonds to an EU fiscal authority to control budgets

  

  When former European Central Bank Jean-Claude Trichet called last June for the creation of a European finance ministry with power over national budgets the idea seemed fanciful, a distant dream that would take years or even decades to realize, if it ever came to be.

• Sunday, April 1st 2012 - 08:24 UTC

  Euro-zone builds firewall but calls for bigger global financial emergency fund

  

  European governments called for a bigger global financial emergency fund after engineering a firewall to fight the region’s debt crisis that tops the symbolic 1 trillion dollars mark.

• Friday, February 3rd 2012 - 23:19 UTC

  IMF calls on emerging countries to contribute to increase its war-chest

  

  International Monetary Fund should proceed with talks on increasing the size of its war-chest at the same time as Europe discusses how to build a firewall to contain its debt crisis, a senior official from the fund said on Friday.

• Friday, December 16th 2011 - 06:35 UTC

  IMF warns no economy in the world will be immune to the crisis unfolding

  

  The world economic outlook is “quite gloomy” and will require action by all countries, starting with those in Europe, to head off an escalating crisis that carries risks of a global depression, the head of the International Monetary Fund said on Thursday.