Tag Archives: International Monetary Fund

Radical Groups Attempt To Bomb EU Targets As Greek Tragedy Worsens By
ATHENS – Last week, major financial institutions in Europe were put on notice when letter bombs were sent to the International Monetary Fund and the office of Germany’s financial minister. Only one of those bombs exploded...
Venezuela Cash Reserves Reach New Low Amid U.S.- Led Sabotage By
TEMUCO, CHILE — Despite having the world’s largest oil reserves, Venezuela’s economy has struggled to stay afloat in recent years. The Venezuelan government, led by Nicolás Maduro, has been forced to take out loans from China and Russia to avoid an economic collapse. Unsurprisingly,...
Former IMF Director Sentenced To 4.5 Years In Prison For Fraud By
(REPORT) — Rodrigo Rato was charged for using credit cards for irregular and undeclared expenses. The former director of the International Monetary Fund was sentenced Thursday by a Spanish court to four years and six months in prison for misappropriating bank funds. Rodrigo...
IMF Chief Convicted For Corruption, Spared Jail Time By
Christine Lagarde, head of the International Monetary Fund (IMF), on Monday was found guilty of “negligence” for approving a massive government payout to business tycoon Bernard Tapie during her tenure as French finance minister. “This should help calm...
Bolivia Asserts Newfound Economic Independence, Rejects Rothschild Banks By
The International Monetary Fund (IMF) and US-dominated World Bank have been major players in the global economic landscape ever since their creation in 1944.These international banking organizations, which are privately controlled by the notorious Rothschild banking family,...
Hedge Funds Tell Puerto Rico: Lay Off Teachers, Close Schools To Pay Us Back By
Billionaire hedge fund managers have called on Puerto Rico to lay off teachers and close schools so that the island can pay them back the billions it owes. The hedge funds called for Puerto Rico to avoid financial default – and repay its debts – by collecting more...
Battered & Broken By Cuts, Greek Workers Still Rise To Fight By
Thousands of Greek workers marched on parliament in Athens on Wednesday and a nationwide general strike was underway as public sector and other unions demanded an end to the austerity that has been imposed by the nation’s foreign creditors to detriment of the economy...
IMF Raises Outlook For Global And US Economies By
WASHINGTON (AP) — The International Monetary Fund is slightly more optimistic about the global and U.S. economies this year than it was three months ago. In an updated outlook released Tuesday, the global lending organization forecasts that the world economy will grow...
IMF Criticizes US Budget Sequestration, Again By
International Monetary fund chief Christine Lagarde does not think too highly of the United States’ relatively new federal budget. At an economists’ conference in France’s southern Aix-en-Provence, Lagarde said recent budget cuts, better known as the...