Trojan horse: IMF has warned the Greek crisis could spark a new financial panic. Europe’s political elite is ‘playing with fire’ through its failure to tackle the economic crisis engulfing Greece, the International Monetary Fund has warned. The Washington-based watchdog predicted that a fresh round of turmoil would spread through financial markets unless European leaders shore up the stricken... 

Finance minister urges MPs to support deal and pledges that investors will share burden. German Finance Minister Wolfgang Schaeuble told his country’s Parliament on Friday that MPs had a duty to approve a new aid package for Greece and that private creditors must carry some of the burden. Agence France-Presse reported that in an impassioned speech to deputies who later approved a non-binding motion... 

Obama said he and Sarkozy agreed that the NATO bombing must continue. The G8 summit in France has concluded with nations pledging billions in economic aid to the pioneers of the Arab Spring. But this is more than just an act of generosity. Leaders of the Group of Eight leading industrial nations concluded their two-day summit in Deauville, France on Friday, pledging $40 billion to support democratic... 

Dominique Strauss-Kahn is set to receive a $250,000 ‘golden parachute’ severance payment and American taxpayers will help fund it. The former International Monetary Fund chief, who quit after being charged with sexually assaulting a New York hotel maid, is also due to be handed a pension. U.S. Congressmen reacted angrily to the deal but conceded they are almost powerless to stop it from... 

The Obama administration has decided to provide about $1 billion in debt relief for Egypt, a senior official said Saturday, in the boldest U.S. effort yet to shore up a key Middle East ally as it attempts a democratic transition. The aid would be part of a major economic aid package that also includes trade and investment incentives, officials said. It is intended to help stabilize Egypt after demonstrations... 

Nearly 60% of people were against the plan. If the referendum would have passed, Iceland’s total population of 318.452 had to pay $5.8 billion in bailout, which means every Icelander would have been forced to pay $18.213, including new born babies, elders and crippled. It’s amazing only 58% voted against the bailout and not 98%. Icelanders have rejected the latest plan to repay the UK and... 

Economic hole: President Barack Obama is struggling to find common ground with Republicans over how to bring the economy back on track. Government handouts now make up a record-breaking one third of the total amount of wages and salaries in the U.S., according to a bombshell new study. The payouts – including Social Security, Medicare and unemployment insurance – are placing an increasing burden... 

Hinting: Ehud Barak, the Israel defence minister, told the Wall Street Journal that his country might ask America for a further $20billion. Israel are expected to ask for an additional $20billion in U.S. military aid in order to help the country deal with potential threats arising from the ongoing uprisings in the Middle East. In an interview with the Wall Street Journal defence minister Ehud Barak... 

John Boyd In December, when President Barack Obama signed the “Claims Resolution Act of 2010,” which appropriated $1.15 billion to black farmers who said the U.S. Department of Agriculture had discriminated against them, many thought the matter had been laid to rest. Dr. John W. Boyd, president of the National Black Farmers Association, has a message for America though: The black farmers need more,... 

Washington transferred more than 600 million dollars to the Pakistani government this week to pay for its efforts in the fight against violent extremists, the US embassy in Islamabad said Thursday. The 633 million dollar payment under the Coalition Support Fund (CSF) programme came on Wednesday, amid reports that top US military commanders in Afghanistan were pushing to expand special forces ground... 

The House of Representatives earlier this week approved a significant increase in the level of military aid to Israel, pushing the level to $3 billion in flat military aid, with an additional $205 million set aside for a short range rocket system. Both of the increases were already planned as part of a memorandum of understanding between the United States and Israel, but were formally approved as... 

These leaders have been a driving force behind the nation's economic policies since the financial crisis of 2008. The financial crisis stretched even farther across the economy than many had realized, as new disclosures show the Federal Reserve rushed trillions of dollars in emergency aid not just to Wall Street but also to motorcycle makers, telecom firms and foreign-owned banks in 2008 and 2009. The... 

Provisions in Dream Act qualify undocumented for fed money. Want to know how the lame ducks in Congress plan to “cut” federal spending – which seemed to be a dominating theme of the 2010 elections? They’re proposing a plan to take upwards of $44 billion a year from taxpayers and hand it over to illegal aliens who are in the United States so they can go to college. The plan is called... 

Treasury Secretary Tim Geithner (r.) and the National Urban League's Marc Morial watch as PIMCO's Bill Gross speaks during the Obama administration's Conference on the Future of Housing Finance in the Cash Room of the Treasury Building in Washington, Tuesday. The Obama administration turned its focus on what to do with mortgage giants Fannie Mae and Freddie Mac. The Obama administration... 

Goldman Sachs received a $12.9 billion payout from the government's bailout of AIG, which was at one time the world's largest insurance company. Goldman Sachs sent $4.3 billion in federal tax money to 32 entities, including many overseas banks, hedge funds and pensions, according to information made public Friday night. Goldman Sachs disclosed the list of companies to the Senate Finance Committee...