Key Economic News to Watch This Week: October 8
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A quick preview of the week ahead: The European Stability Mechanism officially replaces the European Financial Stability Facility as the eurozone’s permanent bailout fund while Japan plays host to finance ministers from the Group of Seven leading industrialised nations, as well as the World Bank and International Monetary Fund officials who are set to convene in Tokyo for their annual meetings.
A quick preview of the week ahead: The European Stability Mechanism officially replaces the European Financial Stability Facility as the eurozone’s permanent bailout fund while Japan plays host to finance ministers from the Group of Seven leading industrialised nations, as well as the World Bank and International Monetary Fund officials who are set to convene in Tokyo for their annual meetings.
Related News: Chinese Banks Snub IMF, World Bank Meetings To Be Held In Tokyo: WSJ
Monday, October 8
The eurogroup of 17 European Union finance ministers meets in Luxembourg. The agenda includes the European Stability Mechanism, which becomes operational today.
A joint European Central Bank and Federal Reserve conference is held in Frankfurt, bringing together researchers from the fields of financial stability, financial intermediation, financial econometrics, corporate finance, asset pricing and macro-finance.
Columbus Day is celebrated in the United States, to mark the discovery of the Americas by Christopher Columbus. US stock markets remain open.
Tuesday, October 9
World Bank and IMF hold annual meetings in Tokyo (until October 14).
Related News: 600 Million New Jobs Needed Over 15 Years to Sustain Global Economy: World Bank
US Federal Reserve Chairman Ben Bernanke and Treasury Secretary Timothy Geithner arrive in India for the third round of high-level economic dialogue between the two nations.
The Global Green Growth Forum 2012 opens in Copenhagen today. The Forum will see more than 200 leaders from governments, industry and international organisations discuss concrete measures to promote an array of green growth measures.
Related News: US Banks Clean Up With Green Pledges
Related Infographic: Green Growth for Sustainable Development
Wednesday, October 10
The EU’s competitiveness council meets in Luxembourg. Ministers are expected to agree on the main elements of two proposals for regulations which will be part of “Horizon 2020”, the framework programme for funding research and innovation for 2014-20.
Thursday, October 11
Group of Seven finance ministers meet in Tokyo and exchange rate developments is one of the topics to be discussed. Japan’s new finance minister is expected to discuss the yen at the meeting with the hope of encouraging greater foreign exchange intervention.
Sunday, October 13
National Ethical Investment Week, a UK campaign to raise awareness of green and ethical investment options, runs until October 20.
Related News: Emerging Economies Lead the World in Green Investments
