money money money
20.9K views | +0 today
Follow
money money money
on money and what it is
Curated by jean lievens
Your new post is loading...
Scooped by jean lievens
Scoop.it!

America the Reckless by Michael Spence - Project Syndicate

America the Reckless by Michael Spence - Project Syndicate | money money money | Scoop.it

The global economy faces tremendous trials in the coming years: growth, employment, and distributional challenges in many advanced and developing countries; far-reaching institutional reform in Europe; the complex middle-income transition in China; and the continuing need to reduce poverty worldwide. Managing them effectively requires designing a system of global governance in which one country’s internal politics cannot jeopardize all countries’ prospects.

 



No comment yet.
Scooped by jean lievens
Scoop.it!

GCC economies to withstand fallout from US financial crisis - The National

GCC economies to withstand fallout from US financial crisis - The National | money money money | Scoop.it

Arabian Gulf economies are well placed to weather the fallout from an American financial crisis if US authorities yet again face the same impasse that threatened global financial markets this week, a leading analyst says.

 



No comment yet.
Scooped by jean lievens
Scoop.it!

US borrowing crisis 'days away' from danger, says World Bank head - BBC News

US borrowing crisis 'days away' from danger, says World Bank head - BBC News | money money money | Scoop.it

The president of the World Bank, Jim Yong Kim, has warned that the United States is just "days away from a very dangerous moment" because of the government's borrowing crisis.

No comment yet.
Scooped by jean lievens
Scoop.it!

World Leaders Press the US on Fiscal Crisis - New York Times

World Leaders Press the US on Fiscal Crisis - New York Times | money money money | Scoop.it

WASHINGTON — Leaders at World Bank and International Monetary Fund meetings on Sunday pleaded, warned and cajoled: the United States must raise its debt ceiling and reopen its government or risk “massive disruption the world over,” as Christine Lagarde, the fund’s managing director, put it.

No comment yet.
Scooped by jean lievens
Scoop.it!

Debt Ceiling Crisis: World Finance Officials Focus On Global Risks - Huffington Post

Debt Ceiling Crisis: World Finance Officials Focus On Global Risks - Huffington Post | money money money | Scoop.it

The International Monetary Fund's policy committee said the United States needed to take "urgent action" to address the budget impasse that has blocked approval of legislation to increase the government's borrowing limit before a fast-approaching Thursday deadline.

No comment yet.
Scooped by jean lievens
Scoop.it!

Debt ceiling crisis has other nations angry and scared - BBC News

Debt ceiling crisis has other nations angry and scared - BBC News | money money money | Scoop.it


Each of those sparked global financial crises that required US intervention.

No comment yet.
Scooped by jean lievens
Scoop.it!

US Treasury warns that default could cause huge economic crisis

US Treasury warns that default could cause huge economic crisis | money money money | Scoop.it
The Treasury is warning that the economy could plunge into a downturn worse than the Great Recession if the country defaults on its debt obligations.
No comment yet.
Scooped by jean lievens
Scoop.it!

Christine Lagarde tells US that debt crisis threatens world economy ...

Christine Lagarde tells US that debt crisis threatens world economy ... | money money money | Scoop.it

Shares in New York fell sharply on Thursday after the US Treasury warned that the budget fight between Republicans and Democrats in Washington risked plunging the world's biggest economy into its worst slump since the Great Depression.

No comment yet.
Scooped by jean lievens
Scoop.it!

US financial standoff endangers global economy - Deutsche Welle

US financial standoff endangers global economy - Deutsche Welle | money money money | Scoop.it


That's because this time around, the burning issue for participants from 188 nations won't be the euro crisis, as it was last year, but rather the financial row in the US.

No comment yet.
Scooped by jean lievens
Scoop.it!

IMF head warns US debt crisis threatens world economy - BBC News

IMF head warns US debt crisis threatens world economy - BBC News | money money money | Scoop.it


Ms Lagarde's comments were echoed by the US Treasury, which says a debt default could lead to a financial crisis as bad as 2008 or worse.

No comment yet.
Curated by jean lievens
Economist, specialized in political economy and peer-to-peer dynamics; core member of the P2P Foundation