Category: IMF/WTO

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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

Video of interview available here Almost two years after the start of the Arab Spring Achcar sums it up: This is a longterm revolutionary process. "Because the roots of all this are not just the issue of the kind of government you had, formally speaking, that is the regime. But the social-economic problem, the main 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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Patrick Bond: Economic Advice That Can Hurt the Poor

With International Monetary Fund (IMF) managing director Christine Lagarde in Tunisia today, the stage is set for ideological war over the progress of democratic revolutions.   Until 27 year-old fruit seller Mohamed Bouazizi committed suicide by immolation in the provincial town of Sidi Bouzid, Tunisia was packaged as an IMF success story. In 2008, dictator Read more…

Eric Walberg: Egypt To IMF: “Topple Their Debts!”

The Popular Campaign to Drop Egypt’s Debts was launched at the Journalists’ Union 31 October, with a colourful panel of speakers, including Al-Ahram Centre for Political & Strategic Studies Editor-in-Chief Ahmed Al-Naggar, Independent Trade Union head Kamal Abbas, legendary anti-corruption crusader Khaled Ali, and the head of the Tunisia twin campaign Dr Fathi Chamkhi. Moderator Read more…

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Mark Weisbrot: Cristina Kirchner and Argentina’s Good fortune

Cristina Fernandez de Kirchner is expected to coast to re-election as president of Argentina on Sunday, despite having faced hostility from the media for most of her presidency, and from many of the most powerful economic interests in the country. So it seems a good time to ask why this might happen.   Yes, it's the Read more…

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Patrick Bond: Beware ‘Social Justice’ Promises by International Bankers

In these days of dire economic and environmental crisis, with political elites under attack from Athens to Washington, the establishment is desperate for legitimacy. Even International Monetary Fund (IMF) staff now publicly endorse ‘social justice’ at the same time they tighten austerity screws.  Recall the context. The 2008-09 financial meltdown was supposedly solved by throwing Read more…

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Mark Weisbrot: The Eurozone: A Crisis of Policy, Not Debt

Three months ago, I wrote here about the risks that the European authorities were posing to the US economy and asked what the US government was going to do about it. It was clear at that time that "the Troika" – the European Commission, European Central Bank (ECB) and the International Monetary Fund (IMF) – was once again playing a Read more…

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