You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login

Reply #21: Italy accepts IMF monitoring, EU looks for support [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Latest Breaking News Donate to DU
Demeter Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-04-11 07:43 AM
Response to Original message
21. Italy accepts IMF monitoring, EU looks for support

Italy, under fierce pressure from financial markets and European peers, agreed to have the IMF monitor its progress with long delayed reforms of pensions, labor markets and privatization, senior EU sources said on Friday. Prime Minister Silvio Berlusconi, his government close to collapse, agreed to the step in late-night talks with euro zone leaders and U.S. President Barack Obama on the sidelines of a G20 summit in Cannes...
An Italian official denied that Italy was being singled out for special surveillance and said the whole euro zone would be under closer monitoring. (I'LL BET THEY ARE--DEMETER) However, he confirmed that Rome was willing to request IMF advice on implementing the commitments it gave EU leaders on specific reforms on October 27.

The move came after a European ultimatum made Greece step back from a referendum that could have triggered its exit from the euro area and agreed to seek national consensus in support of a new 130 billion euro ($178 billion) bailout program. By contrast, discussions with Italy were smooth, European diplomats said. Berlusconi appreciated the gravity of the situation and was thoroughly engaged in the talks

"We need to make sure there is credibility with Italy's targets -- that it is going to meet them. We decided to have the IMF involved on the monitoring, using their own methodology, and the Italians say they can live with that," one EU source said. "Italy has no problem with surveillance at all, even with the IMF being involved," he said, adding that the European Commission and the International Monetary Fund would each report separately on how Italy was meeting its targets. SOMEBODY CHECK AND SEE IF GUIDO IS HOLDING THEIR LOVED ONES HOSTAGE...

The leaders of France, Germany, Italy, Spain, the European Central Bank, the IMF and European Union institutions also discussed with Obama ways of ramping up the IMF's warchest to help prevent contagion from the euro zone's debt crisis plunging the world economy back into recession. A G20 source said no figures were agreed but the boost to IMF resources, mostly from large emerging countries such as China, could be in the range of $300-350 billion. EU officials said three options were under consideration, including pooling the euro zone countries' rights to borrow from the IMF to build a fighting fund to support vulnerable sovereigns such as Italy and Spain. This could make available another $280-300 billion, the G20 source said.

Printer Friendly | Permalink |  | Top
  -STOCK MARKET WATCH, Friday, November 4, 2011 Pale Blue Dot  Nov-04-11 06:06 AM   #0 
  - Today's Reports  Pale Blue Dot   Nov-04-11 06:08 AM   #1 
  - U.S. economy adds 80,000 jobs in October (stocks will probably rise 1-2% on that lackluster news)  Roland99   Nov-04-11 07:37 AM   #18 
  - US Needs To Generate 262,500 Jobs/mo.To Return To Pre-Depression Employment By End Of Obama 2nd Term  Roland99   Nov-04-11 08:32 AM   #42 
  - Wall Street extends losses; indexes down 1 per cent  xchrom   Nov-04-11 10:47 AM   #59 
  - Doesn't look like it at 12 Noon EDT  Demeter   Nov-04-11 10:49 AM   #60 
  - September job gains revised up to 158,000; August job increase revised up to 104,000  Roland99   Nov-04-11 07:37 AM   #19 
  - Proud to be #1 today in anticipation of a great thread!  InkAddict   Nov-04-11 06:09 AM   #2 
  - And to the Greatest  Roland99   Nov-04-11 06:26 AM   #5 
  - Congrats! Care to pick the Weekend Theme?  Demeter   Nov-04-11 07:17 AM   #8 
  - Greek honor of the current Greek tragedy  rfranklin   Nov-04-11 07:51 AM   #25 
     - Ooh! Excellent Choice!  Demeter   Nov-04-11 07:57 AM   #27 
     - matheemata patheemata nt  tama   Nov-04-11 08:36 AM   #44 
     - !  Hugin   Nov-04-11 10:27 AM   #52 
  - morning -- i would love some coffee -- thanky --  xchrom   Nov-04-11 07:21 AM   #9 
  - Oil above $94 amid signs of US economy improving  Pale Blue Dot   Nov-04-11 06:11 AM   #3 
  - U.S. Stock Futures Fluctuate Before October Payroll Report; LinkedIn Sinks  Pale Blue Dot   Nov-04-11 06:12 AM   #4 
  - Ken Langone on CNBC right now  boomerbust   Nov-04-11 06:45 AM   #6 
  - As for Toles Cartoon, I See a Rebirth of Europe  Demeter   Nov-04-11 07:16 AM   #7 
  - from your lips to god's ears. nt  xchrom   Nov-04-11 07:22 AM   #10 
  - That which cannot continue, will not continue  Demeter   Nov-04-11 07:44 AM   #22 
  - If Greece doesn't wave a big fat middle digit at  Po_d Mainiac   Nov-04-11 07:31 AM   #13 
  - That's Why Goldman Was Corrupting Their Politicians  Demeter   Nov-04-11 07:34 AM   #15 
  - I hardly find it surprising that the Banksters presume that all "Presidents" are dictators.  Hugin   Nov-04-11 10:40 AM   #56 
  - France, Germany give Greece ultimatum on euro  Demeter   Nov-04-11 07:28 AM   #11 
  - Many seem to be forgetting  tama   Nov-04-11 08:40 AM   #45 
  - The burning fuse  xchrom   Nov-04-11 07:29 AM   #12 
  - "bewildering politics of Greece" should read "bewildering politics of Greece's politicians".  Ghost Dog   Nov-04-11 02:55 PM   #86 
  - Dilbert Says It All  Demeter   Nov-04-11 07:33 AM   #14 
  - Corzine Resigns From MF Global  xchrom   Nov-04-11 07:35 AM   #16 
  - Corzine Is Said to Hire Criminal Lawyer  xchrom   Nov-04-11 07:37 AM   #17 
  - Any bets as to whether GS will rescue their Alumnus?  Demeter   Nov-04-11 07:45 AM   #23 
  - MF Global clients face day of reckoning as margins call  Roland99   Nov-04-11 09:42 AM   #49 
  - It's a Friday Night Massacre!  Demeter   Nov-04-11 10:54 AM   #61 
  - MF Global Masked Debt Risks  Demeter   Nov-04-11 12:17 PM   #71 
  - SEC Said to Review Possible Inside Trades in MF Global Bonds  Demeter   Nov-04-11 12:20 PM   #72 
  - "embattled brokerage" should read "bankrupt and suspected criminal brokerage".  Ghost Dog   Nov-04-11 03:00 PM   #87 
     - Nope. but SMW Has a Good Crew!  Demeter   Nov-04-11 04:55 PM   #91 
  - europe: Anglo American to Pay $5.1 Billion to Increase Stake in De Beers  xchrom   Nov-04-11 07:39 AM   #20 
  - Mariano Rajoy the clear winner according to latest CIS poll {spain elections}  xchrom   Nov-04-11 08:09 AM   #32 
  - G20 leaders consider action plan to boost growth  xchrom   Nov-04-11 08:11 AM   #33 
  - Commerzbank reports loss after Greek debt writedown  xchrom   Nov-04-11 08:13 AM   #34 
  - Greece PM Papandreou faces knife-edge confidence vote  xchrom   Nov-04-11 08:23 AM   #38 
  - FTSE pares gains on EFSF uncertainty  xchrom   Nov-04-11 08:28 AM   #39 
  - Moody's Will Downgrade Austria's Erste Over Attempt To Hide Billions In Sovereign CDS  Roland99   Nov-04-11 09:33 AM   #47 
     - so it's officially a list? MF. Jefferies & erste? nt  xchrom   Nov-04-11 09:47 AM   #50 
        - A Honey-Do List  Demeter   Nov-04-11 10:57 AM   #62 
           - ...  xchrom   Nov-04-11 11:02 AM   #64 
  - Italy accepts IMF monitoring, EU looks for support  Demeter   Nov-04-11 07:43 AM   #21 
  - Italy Becomes Next Euro Battleground  xchrom   Nov-04-11 10:31 AM   #53 
  - 'The Common Currency Endgame Has Begun'  xchrom   Nov-04-11 10:34 AM   #54 
  - No IMF, EFSF Participation In Bailout: Merkel Says G20 Fails To Reach Agreement On IMF Resources  Roland99   Nov-04-11 07:50 AM   #24 
  - They called off the extinction and suicide pact, then?  Demeter   Nov-04-11 07:59 AM   #28 
  - The First Rule of Holes  Demeter   Nov-04-11 07:56 AM   #26 
  - They are all liars  DemReadingDU   Nov-04-11 08:30 AM   #40 
  - First Time Unemployment Claims Increase But Less Than Usual  Demeter   Nov-04-11 08:05 AM   #29 
  - 37 Giant Corporations Paid 0 in Taxes Last Year -- Who Are the Cheats?  xchrom   Nov-04-11 08:05 AM   #30 
  - Turn the Question Around---Who are the Suckers?  Demeter   Nov-04-11 08:08 AM   #31 
  - So why are we still paying taxes?  DemReadingDU   Nov-04-11 08:32 AM   #43 
  - FUCKERS! n/t  Hotler   Nov-04-11 01:38 PM   #83 
     - Heh. Maybe add this image too:  Ghost Dog   Nov-04-11 02:41 PM   #84 
        - Thank you. nt/  Hotler   Nov-04-11 06:22 PM   #95 
  - Cuba passes law allowing private home sales  xchrom   Nov-04-11 08:16 AM   #35 
  - asia: China mines in Zambia 'unsafe' says Human Rights Watch  xchrom   Nov-04-11 08:18 AM   #36 
  - China envoy Zhang Yan in India map outburst  xchrom   Nov-04-11 08:20 AM   #37 
  - Nikkei up nearly 2 pct as Greece referendum fears abate  xchrom   Nov-04-11 08:31 AM   #41 
  - Afraid of a Little Democracy? What a Bunch of Losers  Demeter   Nov-04-11 04:57 PM   #92 
  - Hong Kong's stocks end up, share rally helps pare weekly loss  xchrom   Nov-04-11 10:44 AM   #58 
  - K&UR  CreekDog   Nov-04-11 08:45 AM   #46 
  - UR?  Demeter   Nov-04-11 11:00 AM   #63 
  - 10:37am - Let the bloodletting commence  Roland99   Nov-04-11 09:37 AM   #48 
  - Gold edges up after U.S. jobs data  xchrom   Nov-04-11 10:27 AM   #51 
  - US markets set to rally into year-end: JP Morgan  xchrom   Nov-04-11 10:36 AM   #55 
  - Year End Rally?  Demeter   Nov-04-11 11:03 AM   #65 
     - best of all -- that most trust worthy of mouth pieces says it: jpmorgan  xchrom   Nov-04-11 11:05 AM   #66 
        - Biggest market-manipulators of them all? n/t  Ghost Dog   Nov-04-11 03:56 PM   #88 
  - south asia: Sensex ends at 17562; metals, capital goods up  xchrom   Nov-04-11 10:42 AM   #57 
  - Kenneth Rogoff: The eurozone does not need IMF help  Demeter   Nov-04-11 11:14 AM   #67 
  - Howard Davies: Rescuing Cannes from failure  Demeter   Nov-04-11 11:15 AM   #68 
  - 11/4/11 Ian Welsh: What passes for smart on the Greek Debt Crisis  DemReadingDU   Nov-04-11 11:50 AM   #69 
  - Exactly READ THE WHOLE THING--IT GETS BETTER  Demeter   Nov-04-11 12:04 PM   #70 
  - Thankyou Mr. Welsh. That should read "flying leap OFF a short pier", though  Ghost Dog   Nov-04-11 04:16 PM   #89 
  - U.S., Again, Says It Wont Join EU on Financial Transactions Tax  Demeter   Nov-04-11 12:21 PM   #73 
  - Lawmakers to Propose Transaction Tax for Financial Firms Modeled on Europe  Demeter   Nov-04-11 12:45 PM   #80 
  - Keiser Report: Make Love, Not Debt (E205) ICELAND UPDATE!  Demeter   Nov-04-11 12:24 PM   #74 
  - A Different Portrait of Poverty  Demeter   Nov-04-11 12:29 PM   #75 
  - Bleak Portrait of Poverty Is Off the Mark, Experts Say  Demeter   Nov-04-11 12:34 PM   #76 
     - Poorest poor in US hits new record: 1 in 15 people  Demeter   Nov-04-11 12:38 PM   #77 
  - Wheat Plunging as Stockpiles Climb to 10-Year High  Demeter   Nov-04-11 12:40 PM   #78 
  - --> "RELIEF on United Nations-monitored food costs that have declined" n/t  Ghost Dog   Nov-04-11 04:42 PM   #90 
  - Unpaid wages in China: Cant pay, wont pay  Demeter   Nov-04-11 12:43 PM   #79 
  - Is 12,000 magical, or not?  RUMMYisFROSTED   Nov-04-11 01:15 PM   #81 
  - Looks like someone gave the HFTs several martinis at lunch.  Roland99   Nov-04-11 01:30 PM   #82 
  - It's Outright Fraud, Is What It Is  Demeter   Nov-04-11 05:00 PM   #93 
  - Where's Festivito's debt numbers? I haven't seen them in awhile.  tclambert   Nov-04-11 02:48 PM   #85 
     - You'll have to fill in for Festivo  Demeter   Nov-04-11 05:01 PM   #94 

Home » Discuss » Latest Breaking News Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC