2 results for 'stock markets'
Cyprus is a small country that is enlisted in the European Union. The turmoil of the euro zone crisis has been in action since long and the latest effects have hit Cyprus real bad and are as if targeted the country. It was basically a crisis that affected the banking business of the country. Last week a bailout of 10bn Euros had been agreed by the IMF and the EU for the curing of the economy. The bailout deal of the country with the IMF and EU has brought many other small economy countries into light. It received €10 billion as the bailout amount on last Monday to combat the present... (more)
The recent weeks’ mayhem in the markets – and the authorities’ apparent inability to do more than slow it down somewhat – establishes one fact: that the economy, global or national, has not been fixed.
The administration’s response to the crisis has been massive bail-outs and cash transfers. This has somewhat eased the electorate’s pain, but only postponed the final explosion of anger and frustration prolonged downturns tend to generate.
The Federal Reserve’s prescription was to put the financial system on life support with huge injections of no-cost (zero interest) money. The... (more)
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