The euro-area bail-out could be the biggest yet(...)
SOME of the loans the IMF has made during this crisis have been among the largest in its history. Its extension of a precautionary line of credit to Mexico last year was its biggest commitment in absolute terms. But as a multiple of a country’s “quota” in the fund (the maximum amount that a member state is obliged to put into the IMF’s kitty), the fund’s contribution to Greece's bail-out is the biggest ever. The IMF is now supposed to fork out half of what the European Union makes available as part of a stabilisation fund for the euro area. If that fund were to be activated in its entirety, the IMF’s contribution would come to €250 billion, or 214 billion SDRs (the IMF’s unit of account). That would exceed the combined size of the ten biggest loans it has ever made, which together involved a commitment of SDR 194.2 billion.

If you’re having trouble figuring out how to raise financially responsible children, you’ll be thrilled with this news: Congress is stepping in to help you set some limits(...)
At a time when business revenues are declining and corporate staffs are being dramatically cut in many countries, it is important to curb the growth of distrustful work environments that can affect the bottom line. Understanding how to build and communicate trust to employees is crucial for managers, say IESE professors Pablo Cardona and Helen Wilkinson in a recent study titled, “How to Create a Virtuous Cycle of Trust.”(...)
Markets suggest worries over the European debt situation are starting to ease a bit more(...)
Since the creation of the railways, the desirable lifestyle has been in constant motion, always expanding and demanding that everything – goods and people – move and be moved. It may only have been a phase in human history(...)
Ask about our services info@cmspeople.com
® CMS | Credit Management Solutions S.A. | All rights reserved