The Fed is concerned over the US inflation

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Source: Dukascopy
© AFP/Scanpix
Viewpoints of the policymakers have split over the right course of further monetary policy: one top policymaker suggested extra stimulus provision is necessary, while another pointed at a necessity of monetary policy tightening. Jeffrey Lacker, the head of the Richmond Fed, admitted that although the US inflation is more likely to diminish in the next months due to declines of commodity and energy prices, the inflation risk remains high.
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Thu, 03 Nov 2011 16:29:24 GMT

Greek PM may be required to resign

Greek PM George Papandreou faced a severe opposition when trying to propose referendum on EU debt crisis plan. Four ministers including Finance Minister Evangelos Venizelos voted against referendum.  According to EU officials, Greece will not have access to bailout funding until it approves the agreement. George Papandreou has received requests from his own party members to resign.

Tue, 18 Oct 2011 13:13:59 GMT

UBS: Greece has to write down 100% of its debt

Stephane Deo, head of European economic research at UBS, believes that Greece would be required to introduce a 100% haircut in order to make its debt manageable. The expert added that the only possible solution to tackle debt woes is to involve a larger share of the private sector.

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