BRUSSELS: The European Union, shaken by Greece’s fiscal crisis and struggling to get its new institutions into gear, hopes to relaunch itself this week as leaders mull improved, coordinated economic governance.
Europe’s post-recession economic woes, highlighted by the swelling deficits of Greece and others, will be the focus of a European Union summit on Thursday.
The meeting [...]

credit, debt, Euro Zone, global markets, greece, recession, spain, UK Hide

SYDNEY: Australia’s treasurer said on Sunday the government would withdraw its bank funding guarantee due to improved conditions, ending a scheme put in place at the height of the global crisis.
Treasurer Wayne Swan said the Council of Financial Regulators had recommended ending the measure, which he said had been vital in stabilising Australia’s banking system [...]

australia, Interest rates, recovery Hide

IQALUIT, Canada – Finance ministers from leading industrial nations wrapped up two-day talks Saturday in northern Canada by vowing to continue massive public spending to bolster a shaky global recovery.
Canadian Finance Minister Jim Flaherty told a closing press conference that he and his G7 counterparts “need to continue to deliver the stimulus to which we [...]

G7, global markets, recovery, stimulus Hide

You first start learning about teaching your kids about money on that special trip to Wal-Mart when your child first throws a tantrum because you won’t buy her a Barbie doll. Some people will grab the child from the shopping cart and leave the store fuming and red in the face. Other parents might opt [...]

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