published by Tom Sullivan on Tue, 2012-11-13 09:36
The deadline international lenders have set for Greece to meet its debt-cutting targets has reportedly been extended by two years.
published by Tom Sullivan on Mon, 2012-10-22 13:45
So there is a magic wand after all. A revolutionary paper by the International Monetary Fund claims that one could eliminate the net public debt of the US at a stroke, and by implication do the same for Britain, Germany, Italy, or Japan.
published by Tom Sullivan on Mon, 2012-10-15 19:23
The annual meeting of the International Monetary Fund (IMF) and World Bank, which concluded in Tokyo yesterday, was marked by growing divisions between the major powers amid a worsening outlook for the world economy.
Before the meeting even began, tensions between China and Japan over the disputed Senkaku/Diaoyu islands in the East China Sea led to a decision by China’s central bank governor Zhou Xiaochuan not to attend.
published by Tom Sullivan on Sat, 2012-09-29 14:24
In a revised 2012 budget that was adopted by the Serbian parliament on Tuesday (September 25th), the country's tax revenue will increase to 7.2 billion euros, up 3.3 percent from the previous budget, while the deficit will drop to 1.7 billion euros, or 6.2 percent of the country's GDP.
published by Tom Sullivan on Mon, 2012-09-17 09:47
More than 150,000 people marched through the streets of Portugal to voice anger against a planned tax hike announced by the center-right government. Chanting, "Out of here! IMF is hunger and misery!", the mob called for the government to resign.
published by Tom Sullivan on Thu, 2012-09-13 09:29
Irish Prime Minister Enda Kenny has ruled out implementing recommendations from the International Monetary Fund's (IMF) review of the Irish economy.
published by Tom Sullivan on Tue, 2012-09-11 07:44
Hundreds of teachers and university professors in Egypt have staged a demonstration to call on President Mohamed Morsi to fulfill his election promises.
published by Tom Sullivan on Tue, 2012-09-11 07:40
Hungary’s prime minister has long had a testy relationship with the International Monetary Fund — and on Thursday he used Facebook to unfriend the agency and reject its allegedly tough loan conditions.
published by Tom Sullivan on Mon, 2012-08-06 08:14
Greece has made progress in finding budget cuts needed to continue its bailout programme but not all work is done and inspectors will return in September for a final verdict, troika officials said yesterday.
published by Tom Sullivan on Sun, 2012-07-22 12:57
The IMF wants to block economic aid to Greece. Der Spiegel writes that senior IMF officials have already communicated this intention to Brussels authorities, with the consequence of a likely default of Athens in September.
published by Tom Sullivan on Sat, 2012-07-21 19:40
Nigeria, Africa's most populous nation and its largest oil producer, is from all evidence being systematically thrown into chaos and a state of civil war. The recent surprise decision by the government of Goodluck Jonathan to abruptly lift subsidies on imported gasoline and other fuel has a far more sinister background than mere corruption and the Washington-based International Monetary Fund (IMF) is playing a key role. China appears to be the likely loser along with Nigeria's population.
published by Tom Sullivan on Mon, 2012-06-18 08:17
The International Monetary Fund and the European Union have pledged support to the next Greek government after parties that supported an IMF and EU-led bailout won a pivotal election.
European Union leaders urged the conservative New Democracy party and its likely coalition partner, the socialist Pasok party, to urgently form a new administration that can lead Greece out of its debt crisis.
published by Tom Sullivan on Sun, 2012-05-27 10:05
Greek pharmacists staged a one-day strike protesting the fact that the government owes them EU1 billion, which has created major shortages of medicines, which are killing Greeks. They say that this has caused an “emergency situation” in which cancer and cardiac patients are in a panic because they cannot get the medications, either because they can no longer afford them or because they simply are not available.
published by Tom Sullivan on Sat, 2011-10-15 09:07
A major protest is taking place in Dublin later today against the EU-IMF austerity programme.
published by Tom Sullivan on Sun, 2011-10-09 22:19
The International Monetary Fund has appointed a resident representative in Dublin to oversee its programme of "support" to Ireland.
published by Heydrich on Mon, 2011-09-26 11:30
Since Americans increasingly realize that the solution to their economic problems is to dump the privately owned Federal Reserve, the Fed will start monitoring Americans directly.
published by Tom Sullivan on Sun, 2011-09-18 22:40
Greeks were fuming on Thursday at a surprise property tax that could leave out Church holdings while the country is being urged to make ‘costly’ sacrifices to secure rescue loans.
The finance ministry, under pressure from its international creditors to plug a budget hole of more than 2 billion euros ($2.7 billion), further increased the tax which had already caused outrage when announced at the weekend.
Instead of a maximum of 10 euros per square metre, the limit was placed at 16 euros and electricity will be cut off for owners who refuse to pay.
published by Crimes of Zion on Thu, 2011-06-30 05:12
Gaddafi has survived assaults of various types from US Presidents' Ford, Carter, Reagan, George Bush 1, Clinton, George Bush 2, and Obama. Vegas book makers are giving odds he’ll be the leader of Libya’s Fatah Revolution after the voters retire Obama, whose broken promises included telling them that the US would be involved in Libya for days, not months.
published by Tom Sullivan on Wed, 2011-06-22 22:17
Lipsky: 'The euro area needs to strengthen economic governance'
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