The Irish government finally accepted to receive bailout funds from the International Monetary Fund and the European Union. Ireland had initially rejected the offer from the EU finance ministers but after series of meetings and negotiations, the Irish government finally ate the humble pie and accepted the loan. Ireland and the EU finance ministers will [...]
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New Capital Rules Reached By Banking Regulators
On Sunday, Bank regulators all across the globe reached an agreement on the new rules which will be implemented by the world’s largest banks in an attempt to create a more stable financial and economic environment. The new regulations have been designed in such a way as to prevent organizations and companies from accumulating the risk and debt [...]
Obama Pressured To Pass Jobs Bill
The passage of jobs bill is extremely critical for the development of the United States according to Barack Obama, the American President. He has appealed to Republicans to stop blocking a bill which he claimed would work wonders for small businessmen. Reporters have been told that the Republicans are playing political games and are not [...]