Coffeehouse for desis
Would you like to react to this message? Create an account in a few clicks or log in to continue.


Manmohan pledges $10 billion to debt-ridden eurozone

4 posters

Coffeehouse for desis :: Coffeehouse :: Coffeehouse Main

Go down

Manmohan pledges $10 billion to debt-ridden eurozone Empty Manmohan pledges $10 billion to debt-ridden eurozone

Post by nevada Tue Jun 19, 2012 4:58 pm

India took the G-20 to task when Prime Minister Manmohan Singh told the Plenary on Tuesday that the agenda of the group “is getting over burdened. We need to refocus on a few goals rather than dissipating energies on too many fronts.”

He announced that India would contribute $10 billion to the International Monetary Fund’s additional firewall of $ 430 billion meant for the eurozone.

http://www.thehindu.com/news/international/article3545849.ece?homepage=true#comments

nevada

Posts : 1831
Join date : 2011-04-29

Back to top Go down

Manmohan pledges $10 billion to debt-ridden eurozone Empty Re: Manmohan pledges $10 billion to debt-ridden eurozone

Post by Idéfix Wed Jun 20, 2012 2:36 pm

Is this a case of India punching above its weight, or getting carried away when it has bigger problems at home than the Eurozone does?
Idéfix
Idéfix

Posts : 8808
Join date : 2012-04-26
Location : Berkeley, CA

Back to top Go down

Manmohan pledges $10 billion to debt-ridden eurozone Empty Re: Manmohan pledges $10 billion to debt-ridden eurozone

Post by FluteHolder Wed Jun 20, 2012 2:44 pm

Is this a loan or a hand out which you may never get back?

FluteHolder

Posts : 2355
Join date : 2011-06-03

Back to top Go down

Manmohan pledges $10 billion to debt-ridden eurozone Empty Re: Manmohan pledges $10 billion to debt-ridden eurozone

Post by Idéfix Wed Jun 20, 2012 2:45 pm

If the IMF is involved, it's very likely a loan.
Idéfix
Idéfix

Posts : 8808
Join date : 2012-04-26
Location : Berkeley, CA

Back to top Go down

Manmohan pledges $10 billion to debt-ridden eurozone Empty Re: Manmohan pledges $10 billion to debt-ridden eurozone

Post by Kayalvizhi Wed Jun 20, 2012 3:18 pm

---- and Tamil Nadu is in the dark. Students could not leaern for exam because no electricity. TN generates lots of foreign currency by the educated work force.

Kayalvizhi

Posts : 3659
Join date : 2011-05-16

Back to top Go down

Manmohan pledges $10 billion to debt-ridden eurozone Empty Re: Manmohan pledges $10 billion to debt-ridden eurozone

Post by nevada Wed Jun 20, 2012 3:49 pm

Maybe Manmohan is trying to build goodwill for the future when India will need bailouts for it's own survival.

nevada

Posts : 1831
Join date : 2011-04-29

Back to top Go down

Manmohan pledges $10 billion to debt-ridden eurozone Empty Re: Manmohan pledges $10 billion to debt-ridden eurozone

Post by Sponsored content


Sponsored content


Back to top Go down

Back to top

- Similar topics

Coffeehouse for desis :: Coffeehouse :: Coffeehouse Main

 
Permissions in this forum:
You cannot reply to topics in this forum