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Economy
In reply to the discussion: STOCK MARKET WATCH -- Tuesday, 24 April 2012 [View all]Demeter
(85,373 posts)14. THE WORLD'S ECONOMIC SPRING MEET-AND-GREET
The International Monetary Fund and the World Bank are meeting this weekend, and once again fixing Europe's debt problems will be the big subject. Compared with autumn last year, there has certainly been a gradual improvement, said Thomas Mirow, president of the European Bank for Reconstruction and Development. But compared with early 2011, he said, things have not improved and maybe have even darkened.
In order to continue battling the economic crisis, Christine Lagarde, the IMF's managing director, has asked for $400 billion in extra funds to deploy in the member countries. This would bring the total the organization has on hand to $700 billion, and emerging nations are expect to add to the pota marked difference from the past where only developed countries did the lending. Lagarde has also pushed a change to the bailout fund, allowing it to lend to financial institutions that could derail the economy even further in the next 18 months, and not just countries. Germany has bristled at the notion of getting involved of these safety measurewhile much of the continent is in peril, Germany just saw its business confidence climb for the sixth consecutive month.
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Demeter
Apr 2012
#33
That depends on whether one learns anything that can be applied to the real world
Demeter
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You sound like an old fuddy duddy! There are huge numbers of students pursuing "practical" careers
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