Financial Crisis
Paradigm Lost: The Euro in Crisis
June 04, 2010By Uri Dadush The acute phase of the global financial crisis was short, lasting from the collapse of Lehman Brothers on September 15, 2008, to the day the Dow hit a trough on March 9, 2009. But, like a violent heart attack, the interruption of credit...
Saving the Euro, $960 billion safety net
May 10, 2010By Lisa Bryant EU finance ministers agree on Euro stabilization package The European Union has cobbled a last ditch, $960 billion safety net for financially struggling members, hoping to calm fears that the Greek financial crisis will spread to other...
Barack Obama: Wall Street reforms still urgently needed
April 24, 2010U.S. President Barack Obama says Wall Street reforms are urgently needed, even as the government ends many emergency programs that began during the financial crisis. In his weekly address Saturday, Mr. Obama said those programs helped prevent millions...
Obama: Financial reform will 'prevent bailouts'
April 15, 2010U.S. President Barack Obama is urging lawmakers to pass a bill that he says will prevent a repeat of the financial crisis that plunged the U.S. and global economies into recession. Wednesday, the president rejected Republican criticism of the proposed...
Dubai opens world's tallest building amid financial crisis
January 04, 2010Developers are not revealing the exact height of the Burj Dubai until its official debut. But they say the $1.5 billion tower will reach 200 stories into the sky. It will stretch 300 meters higher than Taiwan's Taipei 101, which currently holds the...
EU May Grant $150 Million To Crisis-Hit Moldova
October 08, 2009An EU envoy says the European Commission could give Moldova at least 100 million euros ($147 million) to help it cover its growing budget deficit, RFE/RL's Moldovan Service reports. The announcement was made on October 7 in Chisinau by Wolfgang Behrendt...
G-20 Ministers Promise to Preserve Economic Recovery
September 06, 2009Finance ministers from both rich and developing countries are promising they will not let a global fragile economic recovery collapse. The ministers from the Group of 20 nations, known as the G-20, concluded a critical meeting in London Saturday, agreeing...
Investment forum: Transnistria in search for investment
June 30, 2009During June 4–5, Tiraspol hosted the first investment forum in Transnistria organised by the chamber of commerce and industry from the region. The forum considered 92 projects aimed to attract investments worth 700 million dollars. According to...