Far from “bailing out” Greece, the impacts of eight years of harsh austerity are manifested in a marked increase in poverty, suffering, and want. And far from “ending,” the austerity measures attached to Greece’s three successive “bailouts” are slated to continue for decades to come.
The warmth displayed by authorities over the past month to visiting U.S. Vice President Mike Pence and the IMF, respectively, further proves that Ecuador is melting back into the arms of international financial interests.
QUITO, ECUADOR – Ecuador’s passionate re-embrace of the International Monetary Fund (IMF) offers one of the clearest and most dramatic signs that the country’s leadership is dead-set on shedding any vestiges of the “post-neoliberal” era it was said to have entered a decade ago during former President Rafael Correa’s Citizens’ Revolution. The
About $15 billion from the credit line would be immediately available to Argentina after the package is approved by the IMF’s board, which is expected on June 20. The rest would be dispersed as needed as Argentina meets its targets.
Just a few weeks after Argentina became ground zero for the coming Emerging Market crisis, when its currency suddenly collapsed at the end of April amid soaring inflation, exploding capital outflows and a central bank that was far behind the curve (as in "13% of rate hikes in a week" behind)... ... the IMF has officially
It seems President Donald Trump is confused about what “draining the swamp” really means .
After selecting Fed governor Jerome Powell to replace Janet Yellen as Fed Chair when her term expires in February, the Trump White House has now moved on to interviewing a series of candidates for the Vice Chair position. As the Wall
“If dollar inflation emerges, China’s Treasury holdings will devalue, but the dollar price of its gold will soar. A large gold reserve is a prudent diversification. Russia’s motives are geopolitical. Gold is the model 21st century weapon for financial wars.The US controls dollar payments systems and, with help from European allies, can eject adversaries from the international payments system called Swift. “
(ANTIMEDIA) — OPINION -- The United States’ ability to maintain its influence over the rest of the world has been slowly diminishing.
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.
(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 Rato had been on trial
“This should help calm all that they’re-only-in-it-for-themselves, anti-establishment feeling out there,” quipped Globe and Mail senior international correspondent Mark MacKinnon.
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 all that they're-only-in-it-for-themselves, anti-establishment feeling out there,"
