Page-2 of Eurozone
European Union to utilize Eurozone’s permanent bailout funds to help troubled banks
The EU leaders have decided to use the Eurozone’s permanent bailout funds to support struggling banks directly, without raising government debt. EU leaders also agreed that bailout funds could be utilized to stabilize financial markets, which implies buying government debts ..
Month: Current Affairs - June, 2012
India set to become eighth largest shareholder in IMF
India is ready to become the 8th largest shareholder in the IMF after quota reforms which are expected to be finalized at the agency’s annual meeting at Tokyo in October 2012. Once the quota reforms are put through, India’s share ..
Month: Current Affairs - June, 2012
European Financial Stability Facility
European Financial Stability Facility (EFSF) is a SPV (special purpose vehicle) financed by members of the Eurozone to combat the European sovereign debt crisis. It was agreed by the 27 member states of the European Union on 9 May 2010, ..
Month: Current Affairs - December, 2011
European Debt Crisis
Background: The Euro’s introduction in 1999 came along with unified interest rates in the nations that share the currency. These unified interest rates allowed members to borrow heavily. The result was that the bonds that were issued by the nations ..
Month: Current Affairs - November, 2011
RBI warns of Higher Inflation
Recently, RBI said that it expects economic growth to moderate to 8% or below in 2011-12 due to global uncertainty and rising interest rates. The central bank also expects inflation to be high for most of the year. Economic growth ..