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The IMF’s semi-annual meeting in Washington this weekend has failed to produce concrete proposals aimed at avoiding a currency war. The unrealistic pressure put on China to allow the yuan to suddenly appreciate by 20 percent has been strongly resisted by Zhou Xiaochuan, the Chinese central bank’s governor. He had good reason to do that:… » read more

Posted by Florian Pantazi

In the first quarter of 2009, eurozone economies have contracted for the first time in 60 years by around 2.5 percent. Unemployment is expected to rise to around 10 percent of the workforce by 2010, while consumption of goods and services has decreased accordingly. All across the continent, car makers, builders and exporters are feeling… » read more

Posted by Florian Pantazi