While the U.S. struggled with near-10% unemployment, China grew at that same pace over the past year. But the country faces massive internal problems that leave it in a far more difficult situation than the praise constantly he…
Simply put, the losses Irish taxpayers will be forced to cover are larger than the nation’s economy can support, even with the promised bailout. The EU and Irish political leadership’s attempts to put a brave face on the crisis…
Investors should stay focused on the dynamics within European politics that shaped the rescue. Other indebted economies — like Spain, Portugal and Italy — could find themselves in a similar situation, after all. And politics …
Ireland will restructure its banking sector as part of a massive economic aid package from the EU and IMF.
Irish banks will shrink, merge or be sold off, Finance Minister Brian Lenihan said, according to The Associated Press.
The banks are saddled …
As if the Irish debt crisis weren’t enough, investors are worried once again about rising inflation in China. But officials in Beijing are quietly building an impressive record of economic management, and some analysts are conv…