Wall Street likes Monti, but still wary of Italy
NEW YORK (Reuters) – A long, standing ovation greeted Italy’s Mario Monti when he entered the packed Card Room on the seventh floor of the New York Stock Exchange last week.
But that does not mean all of the 200 people in the audience were ready to send their money to the Mediterranean peninsula.
IMF must help avoid Greek “explosion”: Italy’s Monti
WASHINGTON (Reuters) – Greece’s debt crisis on Thursday dominated the first day of Italian Prime Minister Mario Monti’s visit to the United States, as he urged the International Monetary Fund to be more lenient with Athens in bailout talks to prevent “a big potential explosion.”
Monti welcomed the IMF’s insistence that Europe erect a strong firewall to prevent debt contagion from spreading, but he also said the fund should not be too rigid in how it applies its lending requirements.
Italy urges IMF to help Greece avoid ‘explosion’
WASHINGTON, Feb 9 (Reuters) – Italian Prime Minister
Mario Monti on Thursday urged the International Monetary Fund to
be lenient with Greece in bailout discussions to prevent “a big
potential explosion.”
“This is the moment to consider that if there is a minimum
of compliance with the requirements set out, this is the moment
to turn the page and extinguish this potential big explosion,”
Monti told the Peterson Institute policy think-tank in
Washington.
ECB to do what’s needed to help Europe: Saccomanni
NEW YORK (Reuters) – A top Bank of Italy official said on Tuesday that the European Central Bank will do what is needed to help Europe fight a deepening economic slowdown and the crisis in the region’s sovereign debt markets.
Bank of Italy Director General Fabrizio Saccomanni, in New York for meetings with investors, declined to comment on specific monetary measures that the ECB could take when its policymakers meet on Thursday.
ECB to do what’s needed to help Europe-BoI official
NEW YORK, Dec 6 (Reuters) – A top Bank of Italy official
said on Tuesday that the European Central Bank will do what is
needed to help Europe fight a deepening economic slowdown and
the crisis in the region’s sovereign debt markets.
Bank of Italy Director General Fabrizio Saccomanni, in New
York for meetings with investors, declined to comment on
specific monetary measures that the ECB could take when its
policymakers meet on Thursday.
Do you favor U.S. defense budget cuts?
The U.S. Defense Department is preparing to cut at least $350 billion from its previously projected spending through the next decade. Additional Pentagon cuts of up to $600 billion would kick in absent congressional passage by year’s end of at least $1.2 trillion more in deficit reduction over the same period.
Last week, General David Petraeus, while retiring from the Army to become CIA director, warned against sacrificing U.S. military capabilities to ease the budget woes. How will the savings, if implemented, affect the level of national security? On the tenth anniversary of September 11 attacks how safe do you feel?
Where oil prices will be in June 2012?
Wars and revolutions across the Middle East and North Africa and the Japanese earthquake and tsunami have sent oil and gas prices soaring with economists worrying over the impact of escalating energy costs on global growth. Last week, for the first time in a decade, the Organization of Petroleum Exporting Countries failed to reach an agreement to boost the output as Saudi Arabia did not convince the others that world’s economy will need more fuel.
From June 13 to June 15, Reuters Global Energy and Climate Summit 2011 will feature more than 60 global decision-makers in the energy and climate businesses to discuss the challenges facing the 21st century. This is your chance to give us your forecast on whether oil prices are more likely to got back to their peak of $147 per barrel hit on 2008, or below the current range of around $120.
Will Greece be the first euro-zone country to restructure its debt?
The latest deal for Greece, including a new policy package and possible financing, does not contemplate the restructuring of its debt, but financial markets keep speculating on the possibility it may be the first of the euro-zone countries to reschedule its public debt. Who do you think may follow?
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Do you play online games?
Online games are gaining ground in the US and abroad, but it is still a minority of consumers who actually spend money to buy virtual goods.
Reuters Global Technology Summit to be held in New York and Paris, May 16-19, will also discuss the future of mobile devices and their role in gaming, among other tech-related hot topics.
Will you spend more on your health?
The drug industry’s business model is unraveling after years of bankable growth. Some of the healthcare industry’s most prominent executives and officials will discuss their strategies for change at the 2011 Reuters Health Summit, from May 9-12 in New York.
Growth in U.S. healthcare spending per person — the highest in the world — slowed in 2009 to its smallest increase in five decades as high unemployment led Americans to tighten their budgets . Spending on hospital services, doctor visits, medicines and other health needs rose 4 percent to $2.5 trillion in 2009 compared with 4.7 percent in 2008 (Health Affairs, January 2011). The healthcare industry expects that rate to pick up again as families find they can no longer postpone a trip to the doctor or elective medical procedure.
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