Credit: The Contagion Spreads Eastward

Cardais, S. Adam
November 2008
Transitions Online;11/3/2008, p1
The article reports on the financial crisis that spanned in the entire continent of Europe as of 2008. It states that the International Monetary Fund (IMF) was negotiating multibillion dollar bailout packages for Ukraine and Hungary, in which the latter of which had already received a nearly $7 billion credit line from the European Central Bank. Accordingly, the loan deals of IMF seems committed to restoring confidence in battered economies.


Related Articles

  • The dominoes are tumbling. Which European country is next to fall? Blanchflower, David // New Statesman;6/27/2011, Vol. 140 Issue 5059, p22 

    The article discusses a financial crisis in Greece. In the author's view a bailout package being debated by the International Monetary Fund, European Union, and European Central Bank will merely encumber Greece with more debt it will be unable to pay. He says Greece needs to improve tax...

  • The euro area after another crisis summit: Ignore the elephant in the room at your peril. Schelkle, Waltraud // Intereconomics;Aug2011, Vol. 46 Issue 4, p178 

    The author reflects on the innovations laid on the crisis summit of the European Union (EU) members held on July 21, 2011. The author says that the institutional reforms introduced at the summit gave the European Stability Mechanism (ESM) and European Financial Stability Facility (EFSF) a...

  • Once free market's poster child, Ireland is now its victim. Campbell, Bruce // CCPA Monitor;Mar2011, Vol. 17 Issue 9, p26 

    The article discusses the collapse of the economy after the boom in the construction and real estate industry in Ireland. It highlights the unregulated banking sector facilitating reckless lending to property developers and home-buyers which resulted to the financial collapse. It mentions that...

  • Greek Memorandums of Understanding & Democracy. Kyriakidis, Alexandros // Proceedings of the Annual South-East European Doctoral Student C;2013, p433 

    The financial crisis of the late-2000s has impacted states around the globe greatly, and perhaps has hit more severely many of the &zone Member States, initiating deep and controversial policy changes. In this research the case study of Greece will be investigated in terms of the political...

  • What's Next for Greece? KONSTANTINDIS, HARRY // Dollars & Sense;Sep/Oct2015, Issue 320, p9 

    The author focuses on the developments in Greece on its state in the eurozone. Topics discussed include the "No" vote on the referendum concerning the bailout offer by the European Commission, European Central Bank and the International Monetary Fund, division within left-wing political...

  • Euro impact. Sleight, Chris // American Cranes & Transport;Jul2010, Vol. 6 Issue 7, p11 

    The article looks back at the so-called 2008 flash crash and 2009 recovery of the stock market in Europe. It mentions the extraordinary volatility experienced in the stock markets with an increased tensions due to the sovereign debt of Greece and risks problems spreading to other parts of...

  • Grasping for the thread: Greece and the ongoing global crisis. Kokkinakis, Yiannis // Logos: A Journal of Modern Society & Culture;2011, Vol. 10 Issue 1, p4 

    The article examines the economic philosophy of the 30 billion euro austerity program of Greece in collaboration with the European Central Bank (ECB), the European Union (EU) and the International Monetary Fund (IMF). The goal of the program is to eliminate the primary governmental deficit by...

  • Two goats, a sheep and Grexit. Bouras, Gillian // Eureka Street;Jun2015, Vol. 25 Issue 12, p21 

    The article discusses financial crises in Greece. It mentions a draft agreement document submitted by the International Monetary Fund, the European Commission, and the European Central Bank at the Eurogroup meeting on June 25, 2015 regarding new Debt Program for Greece. It also mentions Prime...

  • Emergency Bailout: A Short-Term Game Changer.  // Emerging Markets Monitor;5/17/2010, Vol. 16 Issue 7, p1 

    The article discusses the emergency rescue package for the euro currency coordinated by the European Union (EU), individual governments, the International Monetary Fund (IMF) and the European Central Bank (ECB). The bailout worth 750 billion euros will be funded through government-backed loan...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics