India may provide $ 10 billion for eurozone bailout

Discussion in 'Economy & Infrastructure' started by sehwag1830, Jun 19, 2012.

  1. sehwag1830

    sehwag1830 Tihar Jail Banned

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  3. Yusuf

    Yusuf GUARDIAN Administrator

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    It's something that China does to build clout.

    May be we have an inherit interest in doing so as well as the euro crisis is hurting us. Stabilizing euro helps us more. That would be the thought process. Rating agencies are a joke and losing their credibility. There seems to be a deliberate effort to scuttle Indian growth from outside.
     
  4. sehwag1830

    sehwag1830 Tihar Jail Banned

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    China makes a trade surplus of 300 billion $ with Euro Zone. We don't.
    We should build our roads first instead of building clout .
     
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  5. Yusuf

    Yusuf GUARDIAN Administrator

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    Ways of globalized economies.
     
  6. parijataka

    parijataka Senior Member Senior Member

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    /\/\/\

    Seeing the filth in our country with 60% of population defecating in open, anyone would laugh at this `clout building exercise`.
     
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  7. Ray

    Ray The Chairman Defence Professionals Moderator

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    Someone should post this on the Forum that went ballistic about the peanuts they gave us as 'aid' and groused that we have a space programme and we bought weapons! ;)
     
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  8. sehwag1830

    sehwag1830 Tihar Jail Banned

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    I don't see EU donating us 10 billion $ at extremely cheap rates for building roads as part of globalized economy ?.
    Why India has to donate them then ?
     
  9. Payeng

    Payeng Daku Mongol Singh

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    It must be a joke.
     
  10. Singh

    Singh Phat Cat Administrator

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    India being a member of G-20, BRICS and a rising responsible giant, is required to play a role in the global economy.
    10bn$ is a paltry sum of money. For us Eurozone must recover. It'll help our exports, bring in FII's and jumpstart our stagnating economy.
    By donating money, India can expect developed nations to pledge more money in the future for the benefit of developing nations which will include India.
    Ego massage ?

    PS: Credit Agencies rating of India and India's pledge to a bailout are not entirely related.
     
  11. Blackwater

    Blackwater Veteran Member Veteran Member

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    India announces $ 10 billion for debt-wracked eurozone

    India has pledged $10 billion to the International Monetary Fund (IMF) to help Eurozone countries out of the current crisis and prevent adverse fallout on emerging economies. "The International Monetary Fund has a critical, supportive role to play in stabilizing the Eurozone. All
    related stories

    * G20 action plan to spur world growth
    * Confident of bringing back 8-9% growth: PM

    members must help the fund to play this role," the prime minister told the G20 Summit in Los Cabos.

    "I am happy to announce India has decided to contribute $10 billion to IMF's additional firewall of $430 billion," he said, also appealing to countries with surpluses such as China to make similar contributions.

    The prime minister began by congratulating the new government in Greece that is about to take office, as it has given hope that the debt-laden country will stay in the Eurozone and take up critical reforms.

    "We wish them well and are encouraged by the early statements of intent."

    He, nevertheless, said the crisis in Eurozone remained worrying, as it was pulling down even emerging economies such as India and China, which were earlier on a high growth path.

    "This calls for policy action on several fronts. Of greatest concern at present is the uncertainty affecting the Eurozone. The sovereign debt crisis and the banking crisis now on the horizon have grave implications for the health of the entire global economy."

    The prime minister again laid emphasis on infrastructure investment as he had in earlier G20 Summits, saying less developed and emerging economies were also facing serious problems because of the global crisis.

    "Infrastructure investment in developing countries assumes special importance in this context. It lays the foundation for rapid growth in the longer term, while providing an immediate stimulus for their economies and also for the global economy, by providing a robust source of demand."

    But more infrastructure investment in developing world is only possible if they get access to long-term capital, he said, adding: "Multilateral development banks can play a major role in this context."

    Efforts were underway in India to spruce up infrastructure with massive investment and ambitious targets, he said.

    The prime minister said while the performance of the Indian economy, now growing at 6.9% as against 8.4% in 2010-11, may look good to the world outside, it was not enough and that citizens expected more.

    "Yet the fundamentals of the Indian economy remain strong and we are confident of bringing back the rhythm of high growth of 8-9% per annum."


    India announces $ 10 billion for debt-wracked eurozone - Hindustan Times
     
  12. satish007

    satish007 Senior Member Senior Member

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    the world is globalization, Indian and China need to bailout them, India donating $10b , China $43. Russia, Brazil also 10, South Africa 20.
    43 means China have try it's best. Hu happen just have that much in his pocket. Manmohan must have more. EU guys should not let Manmohan leave before empty his pocket.
     
    Last edited: Jun 19, 2012
  13. Payeng

    Payeng Daku Mongol Singh

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    What about the Russians?
     
  14. satish007

    satish007 Senior Member Senior Member

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    Re: India announces $ 10 billion for debt-wracked eurozone

    EU: Manmohan , you must have more.
    Manmohan: I have not.
    EU: you can stop buying french planes, so that you will have.
    Manmohan, China might beat me then.
    Hu: do not worry, we will stop reverse engineering and copying new planes.
    Manmohan. sounds good, but your chinese can continue copying those garbage.
     
    Last edited: Jun 19, 2012
  15. satish007

    satish007 Senior Member Senior Member

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    we can not trust Russians. even they saying will donate 1000, may be 0 at last
     
  16. satish007

    satish007 Senior Member Senior Member

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    sorry, South Africa only 2, Japs 60. welldone Japs.
    India is our center, showing its leadership.
    [​IMG]
     
    Last edited: Jun 19, 2012
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  17. satish007

    satish007 Senior Member Senior Member

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    Zuma should marry less wives. only 2b. stingy
     
    Last edited: Jun 19, 2012
  18. satish007

    satish007 Senior Member Senior Member

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    guess how many wives Zuma took this time?
     
  19. LurkerBaba

    LurkerBaba Staff Administrator

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    Please stay on topic
     
  20. satish007

    satish007 Senior Member Senior Member

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    [​IMG]
    is His wife also Sikh
     
  21. satish007

    satish007 Senior Member Senior Member

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    I try LurkerBaba, my friend.
     

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