Chrysler restructuring plan for the 3rd time to be fused, so on April 30th to be a view of life and death
Obama said Tuesday that the government officials refused to accept the latest proposal of the U.S. auto maker Chrysler creditors to reduce debt, which reason was that creditors might receive returns injustice. This proposal is put forward by the bank who held the debt of 6.9 billion U.S. dollars of Chrysler and hedge funds on the late Monday, the U.S. government made a rapid response. Above creditors hope 2.5 billion U.S. dollars to be given up ownership of the debt in exchange for 40% equity of Chrysler and Fiat alliance.
IMF forecasts the global economy this year will appear the most serious recession since World War II
Xinhua from Washington, on April 22nd the International Monetary Fund (IMF) published the latest issue of report predict of “Global Economic Outlook” that the global economy would shrink 1.3 percent this year, for the most serious economic recession since World War II. Next year the global economy will gradually recover, but are expected to grow only 1.9%. Report said that the global economy was severely affected by the international financial crisis and weak economic activity.
German Finance Minister: German economy could shrink 5 percent this year
By China on April 23rd, German finance minister on 22nd said that this year the German economy might shrink more than 5%, which poured cold water on the sayings of the economic growth that related economy was about to be returned. According to the British “Financial Times” of Chinese network news, German Chancellor Angela Merkel and cabinet ministers and 40 business representatives, bankers, economists and trade union officials held a meeting, later the Bruckner Steinmeier said, according to Over the past 6 months of bleak economic conditions, shrinkage of 5% was not impossible.
Translate (most links are in Chinese)