By Lesley Wroughton
ISTANBUL, Oct 2 (Reuters) – The International Monetary Fund and the World Bank warned on Friday that the global economic recovery might falter if complacent policymakers lose their will to cooperate.
“The danger today is no longer, fortunately, one of a collapsing world economy,” World Bank President Robert Zoellick told a news conference. “The danger today is one of complacency.
By Anastasia Onegina, Toni Vorobyova and Lidia Kelly
MOSCOW, Sept 16 (Reuters) – Russia has spent more than half of the 15 trillion roubles ($480 billion) it has allocated to fight the economic crisis that hit the country a year ago, according to Reuters calculations based on Kremlin documents.
By Yann Le Guernigou
CALIGNY, France, Sept 3 (Reuters) – Britain, France and Germany called on the G20 on Thursday to discuss exiting measures implemented to tackle economic crisis, as well as limits on bank bonuses, at an upcoming summit in Pittsburgh.
In a joint letter to European leaders, British Prime Minister Gordon Brown, German Chancellor Angela Merkel and French President Nicolas Sarkozy said major economies had to avoid creating new global imbalances as the recession receded.
By Darren Ennis and Krittivas Mukherjee
L’AQUILA, Italy, July 8 (Reuters) – G8 leaders believe the world economy still faces “significant risks” and may need further help, according to summit draft documents that also reflect failure to agree climate change goals for 2050. (more…)
By Susan Cornwell and Jeremy Pelofsky
WASHINGTON, July 7 (Reuters) – U.S. leaders should be open to the possibility of a second stimulus package to jolt the economy out of a recession still causing job losses, House of Representatives Majority Leader Steny Hoyer said on Tuesday. But in the Senate, Majority Leader Harry Reid was more skeptical of the need for more stimulus spending — an idea which has rattled markets fearful that the economy is far from well and corporate earnings could suffer. (more…)
By Philip Pulella
VATICAN CITY, July 7 (Reuters) – Pope Benedict called on Tuesday for a “world political authority” to manage the global economy and for more government regulation of national economies to pull the world out of the current crisis and avoid a repeat. The pope made his call for a re-think of the way the world economy was run in a new encyclical which touched on a number of social issues but whose main connecting thread was how the current crisis has affected both rich and poor nations. (more…)
By Dave Graham and Marcin Grajewski
BRUSSELS, July 7 (Reuters) – European Union finance ministers agreed in principle on Tuesday to make capital rules for banks more flexible to reduce their likelihood of worsening boom-and-bust cycles in the economy. The ministers also raised doubts about a German proposal to relax temporarily the Basel II rules on capital requirements for banks to boost lending and accelerate a recovery from the worst economic crisis since World War Two. (more…)
