Search Results for: IMF
China’s unravelling: Will it devalue the yuan next?
July 17th, 2015
China is grasping at policy measures to shore up its economy CHINA could be gearing up to join the global currency wars by devaluing the renminbi. So far this year more than 30 central banks from all over the ...
Why Germany refuses to write off Greece’s debts
July 16th, 2015
The International Monetary Fund says Greece’s debts are too big to pay and need to be partly forgiven. Germany says that’s out of the question. German officials, led by Chancellor Angela Merkel and Finance Minister Wolfgang Schaeuble, say that ...
The ‘Greek Debt Deal’ Is Already Starting To Fall Apart
July 15th, 2015
The “deal that was designed to fail” has already begun to unravel. The IMF, which was expected to provide a big chunk of the financing, has indicated that it may walk away from the deal unless Greece is granted ...
EU Demands Complete Capitulation From Tsipras
July 13th, 2015
European leaders gave Greek Prime Minister Alexis Tsipras a straightforward choice: ditch his principles or quit the euro. Tsipras was presented with a laundry list of unfinished business from Greece’s previous bailouts at an emergency summit that stretched in ...
The Neo-Marxist Threat to National Economies
July 10th, 2015
The theatricals and melodrama of the current Greek crisis mask a far more serious issue than mere political entertainment. The self-created sequence of threats to Greece i.e. sovereign debt default, bankruptcy, Eurozone exit and relegation to the status of ...
Greece debt crisis: Eurozone receives economic reform plan
July 10th, 2015
The Greek government has submitted economic reform proposals to try to secure a further bailout from its creditors, eurozone officials say. They say they received the plan late on Thursday – just two hours before a midnight deadline. They ...
Greek debt crisis: Where do other eurozone countries stand?
July 9th, 2015
Eurozone leaders are back in Brussels to discuss how to deal with the growing debt crisis in Greece. Greek voters overwhelmingly rejected the terms of an international bailout on Sunday. Although some countries are keen to strike a compromise, ...
Greece and its Slow Growth Problem
July 8th, 2015
I knew that Greece has not traditionally been the economic dynamo behind growth in the EU economy. I had not quite realized how far the Greek economy has lagged behind over the last several decades. Here’s a figure from ...
Citigroup: Here’s Our Five-Step Plan to Solve the Greek Crisis
July 8th, 2015
For six years the Greek crisis has unfolded in a predictable pattern: Greece needs money. Euro area leaders don’t want to give it to them without imposing tough conditions. Brinkmanship ensues, followed by some sort of ineffectual compromise. And repeat. According ...
Top Stories of the day July 06
July 6th, 2015
1. The result of the referendum in Greece is a great victory for freedom, but it is also threatens to unleash unprecedented economic chaos all across Europe. Greek Prime Minister Alexis Tsipras is promising that Greece will be able ...
