The tensions continue to go out of the tight conditions in global banking, especially in the eurozone.
International Monetary Fund
IMF paper positive about Australian banking system
What is disappointing about the reporting of the IMF working paper is the absence of any critical view.
IMF offers grim growth
predictions
Crikey media wrap: Christine Lagarde, chief of the International Monetary Fund, likened current economic conditions to the Great Depression overnight, with new IMF figures predicting a downturn in global growth.
Hey World Bank, unless there’s a Lehman-like collapse this isn’t ’08
Lehman’s collapse was an unanticipated, unknown event set up by the pre-existing toxic cocktail of the sliding US economy and other issues — so the World Bank is wrong to predict the same kind of results this time round, writes Glenn Dyer and Bernard Keane.
Crikey Says: Doing a Schettino
The captain of the Costa Concordia’s leadership qualities are not unlike the kind we’re seeing from European leaders at the moment.
Italy defaults on debt and sends lenders broke? So be it
Australia should not give a cent more money to the IMF, writes Adam Creighton, a research fellow at The Centre For Independent Studies.
Abbott, Hockey trash the Coalition’s economic credentials — again
The crass attempt by Tony Abbott and Joe Hockey to exploit the Eurozone crisis has blown up in their faces, courtesy of David Cameron.
Crikey Says: Europe does matter
We can judge the Europeans severely for their many and varied faults of economic management, but for the sake of Australian jobs we can’t stand idly by while they drag the globe into recession.
Abbott and Hockey: a pair of economic clowns
If Tony Abbott and Joe Hockey really mean what they say about not contributing to the International Monetary Fund then heaven help us if they are ever in a position to practice what they preach, writes Richard Farmer.
Political snippets: Cracks in the strange LNP partnership
There was always something strange about the combination of the Queensland Liberal and National parties into a single Liberal National Party.
Ask the economists: is Wayne Swan the world’s best treasurer?
Is Wayne Swan the world’s most effective money manager? Euromoney has crowned him, but Crikey put the questions to our own economists for their assessment.
Political snippets: No reason to believe the IMF’s economic prediction either
Another day and another gloomy prediction about the world economy.
Global economy in danger, but Oz cruising along nicely
Crikey media wrap: A new report by the International Monetary Fund declares that the global economy is in “a dangerous new phase”.
Maley: Europe’s bank fears blow out
European bank shares were pummelled overnight, while the cost of insuring bank and government debt hit record highs, writes Karen Maley, of Business Spectator.
Political snippets: A constitutional court decision to really worry about
Germany’s constitutional court on Wednesday will had down a judgment that could well throw the world of international finance back into complete chaos.
Your Say: Daily Mail readers' feedback: Foreign ownership of Australian land is not new
Crikey readers have their say.
Crikey wrap: meet the new IMF chief
Well, quelle surprise, the job of head of the International Monetary Fund went to France’s Christine Lagarde, continuing the seven-decade long tradition of having a European as boss of the financial regulator.
Keating unloads on Fairfax, the IMF and Costello
Paul Keating is deeply unhappy with claims he wants the IMF presidency and has unloaded on a variety of targets.
Paul Keating for the IMF? A beat-up with Buckley’s chance
Former Prime Minister Paul Keating has rubbished a front page story in today’s Sydney Morning Herald that claims he is interested in succeeding Dominique Strauss-Kahn as head of the International Monetary Fund.
Maley: why Europe fears a China-led IMF
Economic power may be shifting rapidly from the West to the East, but Europe is far from willing to cede the leadership of the International Monetary Fund, writes Karen Maley, of Business Spectator
Political snippets: Australia’s economic future looking not too bad
When you look at the figures for the total number of hours worked in the employment figures released yesterday by the Australian Bureau of Statistics you see the picture was not nearly as gloomy as the commentators this morning suggest.
Political snippets: Does Wilkie really deserve this?
For the life of me I cannot understand what the Independent MP Andrew Wilkie has done to deserve blanket coverage of his Duntroon day.
Crikey Clarifier: Crikey Clarifier: why is Ireland’s economy imploding?
There are many reasons that the Republic of Ireland is now facing the humiliating prospect of turning to the IMF and EU for aid, writes Keshia Jacotine, an honours student at Monash University in Irish politics.
Political snippets: The IMF’s gloomy economic predictions
Hidden behind the somewhat bland title “Will it hurt? Macroeconomic effects of fiscal consolidation” released overnight by the IMF revealed some gloomy predictions of what will follow from the worldwide rush to reduce government budget deficits.
