Word: bailouts
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...Troubled Tigers Leaders of Pacific Rim countries aren't talking of economic miracles at their annual meeting. This time, in the wake of an IMF bailout, it's down to crisis management...
...ticker tape parade trumpeting the miraculous economic growth of Asian economies. This week, however, the Asian Tigers limped to Vancouver in search of a solution to the currency crisis ravaging their economies. Even though the summit was upbeat about Asia's economic fundamentals, its decision to create an IMF bailout formula, with attendant political risks, was the strongest indicator of the depth of the crisis...
Saving the Tigers Asian leaders gather in Vancouver to discuss a multi-billion dollar IMF bailout. Will it be enough? Full Story...
VANCOUVER: The symbolism was almost too heavy: Dressed in blue denim shirts and brown leather aviator jackets like the Flying Tigers of a previous era, the leaders of Pacific Rim countries today hammered out the details of an IMF-led bailout plan for the economies of the ailing Asian Tigers...
...Alan Greenspan testified last week that Asia's problems, while not yet "serious threats" to the U.S. economy, could become so if they are not defused properly. To do that, Deputy Treasury Secretary Lawrence Summers was to meet with Japanese officials in Tokyo this week to discuss an emergency bailout fund for the region...