Category: IMF/WTO

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Pepe Escobar: The IMF goes to war in Ukraine

The IMF has approved a $17 billion loan to Ukraine. The first $3.2 billion tranche has arrived on Wednesday. It’s essential to identify the conditions attached to this Mafia-style “loan.” Nothing remotely similar to reviving the Ukrainian economy is in play. The scheme is inextricably linked to the IMF’s notorious, one-size-fits-all “structural adjustment” policy, known to hundreds of millions Read more…

Andrew Gavin Marshall: Assassins of Argentina

The role played by former Federal Reserve Chair Alan Greenspan in creating the conditions that led to the 2008 global financial meltdown is known to many. What is less known is that Greenspan is a former member of the Group of Thirty.

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Devinder Sharma: WTO and Food Stocks

Now it is the next sentence that is more worrisome: "What we have agreed in Geneva is we are going to be working on a Peace Clause, which allows negotiators to find a more permanent solution for the long term. He was addressing the Confederation of Indian Industry (CII). Negotiations for a deal at the Read more…

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Devinder Sharma: WTO May Torpedo India’s Massive Cheap Food Program

India has introduced a legally-binding cheap food distribution programme that will cover 67 per cent of the population, providing each eligible poor with five kg of wheat/rice/millets every month. The controversial proposal moved by G-33 countries, which is a group of countries including China, India, Indonesia, Pakistan and others that came together to protect food Read more…

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Jérôme Roos: The IMF’s “Mistakes” On Greece Are Nothing New

Three years since its first bailout, the IMF has finally gathered the courage to admit that it made major mistakes in its handling of the Greek debt crisis. In an raving about in their delirious collective debt delusion. And yet, while these seemingly shocking admissions hit media headlines as if they were some kind of Read more…

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Jérôme Roos: IMF Chief Lagarde Heckled By Students In Amsterdam

    Christine Lagarde, the former French Finance Minister and current Managing Director of the International Monetary Fund, was treated to an Occupy-style mic-check at the University of Amsterdam on Tuesday. During a lecture at the university’s economics department, a group of students rose up to interrupt (or rather start) the discussion, confronting the Fund’s chief with Read more…

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Gilbert Achcar: Arab Spring: “It’s Just the Beginnung of a Revolutionary Process” / Neoliberal Policy Continues Social Misery/Egypt Has Renewed Agreement with the International Monetary Fund

David Goessmann: Finally, I want to talk about the Arab and North African region one and a half year after the Arab Spring. In Libya the Transitional National Council handed power over to an elected General Council – but still the situation seems chaotic and violent. In Syria a civil war rages through the streets Read more…

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Jeff Neilson: Iceland Was Right, We Were Wrong: The IMF

For approximately three years, our governments, the banking cabal, and the Corporate Media have assured us that they knew the appropriate approach for fixing the economies that they had previously crippled with their own mismanagement. We were told that the key was to stomp on the Little People with “austerity” in order to continue making full interest payments to the Bond Parasites — at any/all Read more…

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George Monbiot: Imperialism Didn’t End. These Days It’s Known As International Law

The conviction of Charles Taylor, the former president of Liberia, is said to have sent an unequivocal message to current leaders: that great office confers no immunity. In fact it sent two messages: if you run a small, weak nation, you may be subject to the full force of international law; if you run a powerful Read more…

Peter Schwarz: The “Troika” and the Complete Ruination of Greek Workers

The new set of severe conditions that the “Troika” imposed on Greece in return for a new $173 billion (130 billion euro) bailout it needs to avoid a bankruptcy, has led to the collapse of Athens coalition government, as the far-right populist Laos Party rejected the loan agreement and several ministers and socialist senior officials Read more…

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