“What’s clear from the behavior of European financial markets over the past two weeks is that the dramatic stories of financial meltdown and panic are deliberately being used by certain influential factions in and outside the EU to shape the future face of global banking in the wake of the US sub-prime and Asset-Backed Security [...]
By Simon Kennedy
June 15 (Bloomberg) — Finance ministers from the Group of Eight nations said surging food and fuel prices have replaced the credit squeeze as the biggest threat to the world economy.
“The predominant concern is the inflationary effect that oil in particular and also food prices are having,” U.K. Chancellor of the Exchequer Alistair [...]
LONDON (MarketWatch) — British Chancellor of the Exchequer Alistair Darling will
call Friday for the International Monetary Fund to take a more active role in
monitoring world financial developments, news reports said Friday. In a speech at
the Brookings Institution in Washington, D.C., ahead of this weekend’s meetings
of Group of Seven finance ministers and central bankers and the [...]
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