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NEW YORK — The International ... But even assuming the region is able to get its debt problems under control, next year "is not going to be nice" for Europe as bank deleveraging and fiscal consolidation will be a major drag on the economy.

Austerity should not be done too fast: IMF

Federal Reserve Bank of New York President William C ... for Spain and Italy to achieve fiscal- consolidation than for Greece, he said. “As you go from the peripheral countries to the core, the debt challenges become much more manageable ...

Dudley Sees ‘Extraordinarily High’ Bar for Euro-Debt Buying

2 (Bloomberg) -- Juergen Stark, a member of the European Central Bank’s executive board, said fiscal consolidation in Europe is of ... a monetary union,” Stark said in a speech in New York today. German Chancellor Angela Merkel today ...

Stark Says Fiscal Consolidation Is of ‘Utmost Importance’

“We have never gone out and bought large portions of sovereign debt in the history of the Fed that I’m aware ... The Standard & Poor’s 500 Index added 0.3pc to 1,219.42 at 1.03 pm New York time, after rising as much as 1.3pc. Yields on 10-year ...

Federal Reserve Bank of New York president William Dudley 'can't imagine' US buying European debt

In a filing with federal bankruptcy court in New York, AMR said it had $29.6 billion in debt and $24.7 billion in assets ... AMR's move could also trigger more consolidation in the airline industry. Some analysts believe American is likely ...

American Airlines files for bankruptcy protection

Educational debt has received a lot of national attention lately ... He received his J.D. from New York University School of Law.

Lobby Congress, Learn More About Student Loan Consolidation

down from $1.3371 late in New York on Friday. It is now almost 6 percent below its October peak and 10 percent off its 2011 high of just under $1.50, struck in early May. "The summit addressed long-term problems of fiscal consolidation ...

FOREX-Euro dips after EU summit; more pain to come

Last January, New York-based Moody’s Investors Service upgraded ... downward pressure in the event of a weakened commitment to fiscal consolidation, resulting in upward tilting of the debt trajectory, or if the external liquidity position deteriorates ...

Phl credit rating up

NEW YORK – Moody's said Friday it downgraded Belgium's ... and the potential adverse impact these risks may have on the Belgian government's fiscal consolidation and debt-reduction efforts," Moody's said in a statement. Moody's added that ...

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