The US Treasury has issued a damning criticism of Germany’s chronic trade surplus in its annual report on worldwide exchange rate abuse, although it stopped short of labelling the country a currency manipulator. The report said Germany’s current account surplus… Read More ›
International Monetary Fund
China weighs into Europe’s austerity battle: depth of public anger in the eurozone could lead to a ‘complete discarding’ of austerity programmes
Top official at China’s £300bn sovereign wealth fund said that the depth of public anger in the eurozone could lead to a ‘complete discarding’ of austerity programmes Tania Branigan in Beijing and Graeme Wearden guardian.co.uk, Friday 16 November 2012… Read More ›
Greece Cancels Christmas as Austerity Measure
Greece votes to cancel Christmas, along with all other paid holidays for public servants—but European financial leaders say its austerity triage might be too little, too late. by Barbie Latza Nadeau | November 8, 2012 1:57 PM EST Just… Read More ›
Ahead of key votes, Greek PM warns of euro exit
04Nov2012 ATHENS (AFP) Greek Prime Minister Antonis Samaras warned again Sunday that the debt-crippled country could be forced out of the euro if parliament fails to approve a new round of austerity measures needed for a lifeline from creditors. “We… Read More ›
Greek publisher cleared of breaking the law by printing alleged list of Swiss bank depositors
Published November 01, 2012 | Associated Press ATHENS, Greece – A magazine publisher was acquitted on Thursday of breaching privacy laws by printing a list allegedly naming Greeks with bank accounts in Switzerland. The list has touched off… Read More ›
Crisis: Pensions measures unconstitutional, Greek court
01 November, 17:53 (Refile with correct slug) (ANSAmed) – ATHENS, NOVEMBER 1 – Greece’s Supreme Court of Audit ruled that austerity measures that include cut to pensions and an increase in the retirement age are unconstitutional, state-run Athens News Agency… Read More ›
Greek death spiral raises heat for German-bloc creditors: Public debt will reach 189pc of GDP
Greece’s debt-load is rising much faster than expected as the country spirals into a sixth year of depression, ratcheting up the pressure on Germany and Europe’s creditor states to accept debt-forgiveness for the first time. Greek trade unions have called… Read More ›
Journalist’s arrest spreads fear in debt-stricken Greece
Critics say prosecution over a list of Swiss bank account holders reflects deeper erosion of individual freedoms. Barry NeildOctober 31, 2012 08:23 Some believe Kostas Vaxevanis’s arrest will hurt Greece’s reputation in the eyes of its international creditors. (Costas Metaxakis/AFP/Getty… Read More ›
Greek state television journalists accused the government of censorship and began a series of work stoppages
Greek journalists strike over suspension of presenters By Renee MaltezouPosted 2012/10/30 at 8:56 am EDT ATHENS, Oct. 30, 2012 (Reuters) — Greek state television journalists accused the government of censorship and began a series of work stoppages on Tuesday after… Read More ›
Lagarde-List Leaked: HOT DOC Publishes 2,059 Names from Stolen HSBC-List
Link to the : The “Lagarde List” Just the names Posted by keeptalkinggreece in Politics Monthly magazine HOT DOC managed the impossible: To get what it seems to be the content of the long-missing and infamous Lagarde-list containing the names… Read More ›
Greek editor’s arrest sought over list with Swiss accounts
Posted 2012/10/27 at 7:47 pm EDT ATHENS, Oct. 27, 2012 (Reuters) — Greek police are seeking to arrest the editor of a weekly magazine for publishing a list of more than 2,000 names of wealthy Greeks who have placed money… Read More ›
Cash-strapped Cyprus plots Russian exit from austerity
It has been three years since I was last in Paphos, a resort on Cyprus’s west coast, and at first glance not much has changed. Fishing boats in Paphos Harbour, Pafos, Pafos District, Cyprus. Photo: Alamy <!– remove the whitespace… Read More ›
IMF’s epic plan to conjure away debt and dethrone bankers
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,… Read More ›
General strike to shut down services in Greece: 70% of it is caught between poverty and destitution
Updated: 07:40, Thursday, 18 October 2012 Unions in Greece are holding another general strike against the country’s austerity program, as European leaders gather for a summit in Brussels. Greek journalists and media workers staged a strike yesterday Today’s strike is… Read More ›
Euroland’s debt strategy is an economic and moral disgrace
The International Monetary Fund has demolished the intellectual foundations of Europe’s debt crisis strategy. A demonstration against austerity measures near the Spanish Parliament. Photo: AP By Ambrose Evans-Pritchard 4:52PM BST 14 Oct 2012 Drastic fiscal tightening in a string… Read More ›
IMF needing more Donations..Obama administration is waiting till after elections to donate tax payer money
Finance leaders back EU, U.S. to-do list to shield growth Sat, Oct 13 2012 By Anna Yukhananov and Tetsushi Kajimoto TOKYO (Reuters) – World finance leaders on Saturday endorsed a checklist of policy reforms aimed at pressuring Europe and the… Read More ›
Lagarde warns of ‘wartime level’ debt
News On Japan via Japan Times — Oct 13 Cutting public debt while encouraging economic growth will be vital in stabilizing the global economy, which is showing a slower than expected recovery, International Monetary Fund Managing Director Christine Lagarde… Read More ›
Dominique Strauss-Kahn: I was naive to think I could get away with orgies: “You’d be surprised who turned up to them”.
Dominique Strauss-Kahn has broken his silence to admit he had been “naïve” to think he could get away with attending orgies, but added: “You’d be surprised who turned up to them”. Dominique Strauss-Kahn, formerly of the IMF Photo: REX <!–… Read More ›
Top China delegate pulls out of IMF meet amid islands row
By Lesley WroughtonPosted 2012/10/09 at 11:13 pm EDT TOKYO, Oct. 9, 2012 (Reuters) — The International Monetary Fund said on Wednesday that China’s central bank governor will not lead the Chinese delegation at the IMF’s semi-annual meeting this week, in… Read More ›
Debt crisis: ECB board member shuts door on Greek pleas for leniency: it would be illegal and “illogical”
Greece cannot have more time to repay its debt to the European Central Bank because it would be illegal and “illogical”, board member Joerg Asmussen has said, as he shut the door on pleas for leniency from the bank. Last… Read More ›
Debt crisis: Spain’s jobless flee to Argentina
Desperate Spaniards are fleeing in their thousands to set up new lives in Argentina, preferring rampant inflation to the prospect of searching for a job in a country with the highest unemployment rate in the industrialised world. Thousands in Spain… Read More ›
Ten more years of pain: World economy will stay in crisis for at least another decade, says IMF chief economist
Olivier Blanchard was speaking to Hungarian website Portfolio.hu He said Germany would have to accept higher inflation and a real strengthening of its purchasing power He said U.S. still has big problems to solve Japan’s crisis ‘may take decades to… Read More ›
Debt crisis: troika demand even tougher austerity on stricken Greece
Greece’s international creditors are demanding the imposition of even tougher austerity measures despite the delivery this week of Antonio Samara’s hard-won €13.5bn package of cuts. Protester sitting in wheelchair waits along with other protesters for troika inspectors to arrive Photo:… Read More ›
Several major Chinese banks have canceled participation in the annual meetings of the IMF and World Bank to be held in Tokyo next week
China banks pull out IMF Tokyo meet amid island row: WSJ Posted 2012/10/02 at 10:37 pm EDT TOKYO, Oct. 2, 2012 (Reuters) — Several major Chinese banks have canceled participation in the annual meetings of the IMF and World Bank… Read More ›
Troika report on Greece may come after U.S. vote: Political Manipulation?
!!!Engineering Evil: Mixed reports are being issued in regards to the White House requesting the report being delayed until after November 6th. In any case, someone has intended to manipulate the timing of the report for private gain. !!! By… Read More ›
Troika report on Greece could be delayed until US election: The Obama administration doesn’t want anything on a macroeconomic scale that is going to rock the global economy before November 6,”
An EU-IMF report on Greece’s debt could be delayed until after November 6, EU officials and diplomats say. The EU politicians want to avoid any shock to the global economy before the US presidential election, Reuters said. The report by… Read More ›
Eurozone demands six-day work week for Greece, set the minimum daily rest to 11 hours
Eurozone demands six-day week for Greece Government in Athens under pressure to introduce a six-day working week as part of the terms for a second bailout Ian Traynor in Brussel guardian.co.uk, Tuesday 4 September 2012 15.37 EDT Terms for… Read More ›
Engineering Evil 