Articles Written by:    BRIAN LOVE     

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Europe climbs out of recession

E urope's economic recovery gained traction when Germany and France reported further growth in the third quarter on Friday and Italy's economy started to grow too, lifting the euro zone and wider European Union out of recession. Spain and Britain ...

From BRIAN LOVE, Globe and Mail,  13 Nov 2009
Related Topics: European Commission,  European Union,  Global Insight,  International Monetary Fund,  Dominique Strauss-Kahn

IMF looks into possible bank insurance charge for bailouts

THE International Monetary Fund is exploring the idea of making banks pay insurance fees to fund any future rescues in the sector, IMF Managing Director Dominique Strauss-Kahn said on Sunday. He said such a tax would be in line with a proposal over ...

From BRIAN LOVE, Shanghai Daily,  9 Nov 2009
Related Topics: International Monetary Fund,  Gordon Brown,  Dominique Strauss-Kahn,  G-20,  United States Department of the Treasury

Europe weathering its fiscal storm

Europe faces a massive bill as it grapples with the aftermath of recession and the cost of economic stimulus steps, but the surge in government debt looks manageable for the 16 countries that enjoy the protection of euro zone membership. Europe's ...

From BRIAN LOVE, Globe and Mail,  30 Oct 2009
Related Topics: European Central Bank,  European Union,  Financial Services Authority,  European Commission

Was Istanbul the Group of 7's ‘swan song'?

A fter decades in charge, the club of rich, industrializd nations is fast losing sway as a share of global economic power shifts towards big developing countries. That was a lesson of the Group of Seven's meeting in Istanbul on the weekend, when the ...

From BRIAN LOVE, Globe and Mail,  5 Oct 2009
Related Topics: Xinhua,  Dominique Strauss-Kahn,  International Monetary Fund,  United States Department of the Treasury,  Alistair Darling

More action needed to reverse job losses: OECD

F iscal stimulus program could save up to 5.5 million jobs in OECD countries next year, but governments must stay focused on reversing a recession-driven surge to record unemployment, the author of an OECD jobs report says. Despite signs of recovery, ...

From BRIAN LOVE, Globe and Mail,  16 Sep 2009

Recovery rules out depression a year after Lehman

F ears of a new Great Depression, all too real after Lehman Brothers collapsed a year ago, have abated as the global economy emerges from the depths of recession with the help of massive government intervention. Nothing so dire has materialized and ...

From BRIAN LOVE AND EMILY KAISER, Globe and Mail,  9 Sep 2009
Related Topics: Federal Reserve,  Deutsche Bank,  International Monetary Fund,  Ben Bernanke

Recovery faster than thought, says OECD's chief economist

THE global recession is coming to an end faster than thought just a few months ago and may already be over, according to forecasts published yesterday by the Organization for Economic Co-operation and Development. "Compared with expectations a few ...

From BRIAN LOVE, Shanghai Daily,  3 Sep 2009

Global recession ending, OECD says

T he global recession is coming to an end faster than thought just a few months ago and may already be over, according to forecasts published by the Organization for Economic Co-operation and Development on Thursday. The recovery may even prove a little ...

From BRIAN LOVE, Globe and Mail,  3 Sep 2009

Dollar discomfort thrust onstage for Italy summit

PARIS (Reuters) - World leaders are bound to express the hope that the worst of the global economic crisis is passing when they meet this week, but they are now under pressure, too, to manage a Chinese challenge to dollar supremacy. Beijing, which has ...

From BRIAN LOVE, Boston Globe,  5 Jul 2009
Related Topics: Angela Merkel,  Silvio Berlusconi,  Zhou Xiaochuan,  Jim Flaherty,  International Monetary Fund

Inventory bounce may boost Europe's economy

A record contraction in Europe's economy in the first quarter of 2009 showed the region mired in its worst recession since the Second World War. But the very speed of the drop may lead to a tentative recovery in coming months. Worried companies have ...

From BRIAN LOVE, Globe and Mail,  27 May 2009
Related Topics: European Commission

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