Matthew Boesler and Max Nisen, Business InsiderJuly 9, 2012 15:21
Whether it's in the halls of the US Congress, at the world's top biggest banks, or at the various EU Summits, the actual difficult decisions required to heal the global economy are hampered by numerous divisions.
The International Monetary Fund is considering contributing just 13 billion euro to the latest Greek bailout package, a move The Wall Street Journal reports would leave euro zone governments to provide a greater percentage of rescue funding than it has in past efforts.
Consumers “are willing to take on this debt because there is some increasing degree of confidence in the economy,” Ken Mayland, president of ClearView Economics LLC in Pepper Pike, Ohio, told Bloomberg News.
"By the end of this year, the report forecasts that almost every one of our 363 metro economies will see job gains, and the nation will have gained back 48 percent of its lost jobs," Antonio Villaraigosa, Los Angeles mayor and president of the Conference of Mayors, said.
“We want this (deal) to happen in a way that is safe for Greece — with Greece in the eurozone — and safe for the real economy and the financial system,” Greek Finance Minister Evangelos Venizelos told Parliament today, according to the AP.