Tag: Financial Authorities

Jul 18

Everybody knew: the LIBOR scandal

New York FED knew about possible ‘problems’ of LIBOR fixing process since 2007, as in its answer to Congressional Request for informationon Barclays-LIBOR matter. Just while Mr. B. Benenke says that Libor is ‘structurally flawed’ (LA Times) and the Fed had pushed for reform of the rate setting process in 2008 when it became concerned …

Continue reading

Jul 16

IMF contradicts Monti Government

After the declarations of Mr. grilli about the plan for large sales of public assets in Italy, it’s worth to remember what IMF stated just a few days before. IMF’s Debt Sustainability Analysis reports that Italian debt has 5% chances only to be reduced under 105% of GDP, as Grilli said yesterday, while the probabilities …

Continue reading