19 Dec '11, 4pm

Race against clock as EU faces IMF bailout deadline

Race against clock as EU faces IMF bailout deadline

BRUSSELS: European Union finance ministers raced against the clock on Monday to meet a self-imposed deadline to raise 200 billion euros ($260 billion) for new eurozone bailout funding. The target figure and a 10-day deadline to deliver the cash pledges to the IMF was decided by EU leaders in the early hours of a December 9 summit and effectively expires at midnight (2300 GMT). International credit rating giants such as Fitch, which warned on Friday it might soon downgrade six countries, including Italy and Spain, are watching EU efforts closely. At the same time as those talks get under way from 4:00 pm (1500 GMT), European Central Bank (ECB) chief Mario Draghi will go before the European Parliament's economics committee - fresh from an interview in the Financial Times in which he warned the central bank alone could not resolve all the eurozone's ills. Asked if the ECB cou...

Full article: http://www.channelnewsasia.com/stories/afp_world_business...

Tweets

The reason for the euro and oil rally: - link f...

straitstimes.com 20 Dec '11, 12pm

PARIS (AFP) - France still believes Britain will help fund a planned International Monetary Fund (IMF) euro zone bailout o...

EU May Be Underestimating Biofuels Global Warming Potential

EU May Be Underestimating Biofuels Global Warmi...

A committee of 19 scientists and academics has issued a draft opinion for the European Environment Agency criticizing the ...

Alarm clock

otterman.wordpress.com 26 Dec '11, 12am

2004 – “Horseshoe Crabs of Kranji,” by Fiona Hong 2004 – “Mangrove shrimps of Kranji,” by Teo Yen Ling 2007 – Raffles Muse...

Weekend Wrap Up: Courtney Love Faces Eviction: ...

realestalker.blogspot.com 18 Dec '11, 9pm

Weekend Wrap Up: Courtney Love Faces Eviction Weekend Wrap Up: Gabriel Brener Floast L.A. Mansio... Weekend Wrap Up: A New...