Tag Archives: International Monetary Fund

The collection agency

Posted on August 13, 2011 by Michaela

In this new world order the International Monetary Fund (IMF), the most prestigious and powerful international economic organization on the planet, is reduced to a mere advisor, even spectator.

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Immediate Democracy

Posted on July 21, 2011 by Michaela

By Stathis Gourgouris The historical fact that Athens was the birthplace of democracy has been haunting the crowds assembled for nearly two months in the city’s Syntagma (Constitution) Square, right across from the House of Parliament, protesting undaunted against the government’s … Continue reading →

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Cui bono* ?

Posted on July 10, 2011 by Michaela

By Joseph E Stiglitz Just a few years ago, a powerful ideology – the belief in free and unfettered markets – brought the world to the brink of ruin. Even in its hey-day, from the early 1980s until 2007, US-style … Continue reading →

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Buying Time

Posted on July 3, 2011 by Michaela

By Stephe S. Roach The global economy is in the midst of its second growth scare in less than two years. Get used to it. In a post-crisis world, these are the footprints of a failed recovery. The reason is … Continue reading →

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This is Sparta

Posted on June 21, 2011 by Michaela

Greece is broke. Thats hardly newsworthy, because Greece has been broke since I can remember. Just the fact that Greece is broke and unable to repay it’s debt, by itself is not that much of a problem. It’s a small … Continue reading →

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Whats the purpose of this ?

Posted on June 17, 2011 by Michaela

By RACHEL DONADIO The instability rocking Greece this week is the latest manifestation of a troubling new phase in the global financial crisis: political turmoil is sweeping through Europe, toppling governments and threatening to undermine efforts to rescue the financial … Continue reading →

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Money, Sex and Power

Posted on May 16, 2011 by Michaela

Dominique Strauss-Kahn, the once popular chief of the International Monetary Fund (IMF), was taken off a plane  and arrested for the attack and attempted rape of a chambermaid in a hotel in New York. This incidence left the political and … Continue reading →

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Finally – a change of thinking

Posted on May 9, 2011 by Michaela

The International Monetary Fund has realised that a nation’s economic well-being depends on social equality and justice. By Joseph E Stiglitz The annual spring meeting of the International Monetary Fund was notable in marking the Fund’s effort to distance itself … Continue reading →

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