Archiv: International Monetary Fund (IMF)


15.02.2019 - 01:43 [ teleSUR ]

Inflation Rate Reaches 49.3% in Argentina, Highest Since 1991

Argentines have been protesting these high prices in massive mobilizations around the country, and especially in the Capital, Buenos Aires. On Wednesday over a million Argentines took to the streets under the „Land, Housing and Work“ slogan, to attack the government’s economic policies that are backed by the International Monetary Fund (IMF). The mobilizations will continue in the South American country to oppose these policies imposed, with the next protest scheduled for February 26.

07.02.2019 - 02:28 [ teleSUR ]

Macri Would Lose If Argentines Went to Polls Now: Survey

The administration’s slashing of subsidies, reducing entire ministries, selling off peso reserves, and taking out a US$ 56.3 billion loan from the highly unpopular International Monetary Fund (IMF) have all contributed to the president’s decreased chances at winning another term in eight months. Major union and social movement protests have taken place regularly in Argentina since late 2017 to demonstrate against the government’s austerity measures and the IMF loan.

01.02.2019 - 15:44 [ Yanis Varoufakis ‏/ Twitter ]

A reminder that Greece remains in debt bondage under the Troika’s boot. The EuroWorkingGroup (the Troika’s lair) decreed that the return to Greece of its own money (ECB profits from trading in Greek bonds) will be withheld unless home evictions and auctions are accelerated.

03.01.2019 - 14:16 [ Wikileaks / Twitter ]

Ecuador has initiated a formal „Special Examination“ of Julian Assange’s asylum and nationality (nationals cannot be extradited) as it seeks a $10billion+ IMF bailout for which the US government demanded handing over Assange and dropping environmental claims against Chevron.

25.12.2018 - 07:59 [ teleSUR ]

Argentine Unions Make X-mas Feast Protest In Front of Congress

Members of one of Argentina’s largest unions, the Confederation of Workers for the Popular Economy (CTEP), the Excluded Workers Movement (MTE), The Association of State Workers (ATE), along with several other education and transportation unions are setting up on Monday to feed some 2,000 people on the lawn in front of the national congress located in Buenos Aires.

21.12.2018 - 22:08 [ teleSUR ]

UAE Pledges US$3 Billion For Pakistani Development

Pakistan is currently engaged in negotiations for a 13th bailout, since the early 1980s, from the International Monetary Fund following the devaluation of the country’s currency on five different occasions, causing the dollar value to be diminished by more than a quarter.

26.11.2018 - 09:57 [ Ansa.it ]

Pensions move to up spending, youth hit

(13.11.2018) Changes in the pension system planned by the government that would effectively lower the retirement age, allowing people to end their working lives when their age and number of years of social-security contributions reach 100, would have negative effects, the International Monetary Fund (IMF) said Tuesday.

18.11.2018 - 23:06 [ France24 ]

Jordan MPs approve income tax bill amended after unrest

Stability in Jordan is seen as fundamental to the region and in the wake of protests Amman was offered a $2.5 billion aid package from three Gulf backers.

More than $1 billion has already been deposited in the central bank by Saudi Arabia, the United Arab Emirates and Kuwait, a Jordanian government source said in October.

17.11.2018 - 14:38 [ Nuddering ‏/ Twitter ]

Jeremy Corbyn in 2010: „They-the world’s bankers, the IMF, the European Union – are utterly united in what they want: deflation, suppressing the economy & creating unemployment“

How’s that anti-Brexit saviour moment going then @davidschneider ?

12.10.2018 - 18:35 [ Reuters ]

At IMF-World Bank meetings, Powell praised as Trump calls Fed ‚crazy‘

The Bank of England governor and the head of the International Monetary Fund praised the abilities of Federal Reserve Chairman Jerome Powell on Thursday, after U.S. President Donald Trump said the Fed had “gone crazy” by raising interest rates.

04.10.2018 - 01:43 [ El Pais ]

Spain’s Supreme Court upholds conviction against ex-IMF chief Rodrigo Rato

The Spanish Supreme Court has upheld a four-and-a-half year prison conviction against Rodrigo Rato, a former banker, International Monetary Fund (IMF) chief (2004-2007) and deputy prime minister of Spain between 2003 and 2004.

In February 2017, Rato was found guilty of embezzlement in a high-profile case involving corporate credit cards used by top executives at the lenders Caja Madrid and Bankia, which Rato headed between 2010 and 2012.

25.09.2018 - 23:39 [ Reuters ]

Argentina’s central banker resigns in the midst of IMF talks

Luis Caputo’s surprise resignation after just three months in the role came as a nationwide strike by unions, called to protest Macri’s handling of the economy, shuttered public transit and ports across the country.

Former Economic Policy Secretary Guido Sandleris, who holds a doctorate in economics from Columbia University, was named as Caputo’s replacement.

22.09.2018 - 11:57 [ theGuardian.com ]

IMF warns against no-deal Brexit, as trade war fears weigh on markets – as it happened

(17.9.2018) Lagarde: No-deal Brexit would hurt growth and weaken the pound
BREAKING: UK faces massive Brexit workload, says IMF
IMF: UK would be weaker under any Brexit deal
Hammond: We need to heed IMF’s warning

20.07.2018 - 21:24 [ RT ]

Ecuador to hand over Assange to UK ‘in coming weeks or days,’ own sources tell RT’s editor-in chief

The Times report comes just weeks before a visit to the UK by the newly-elected Ecuadorian president Lenin Moreno, who has labeled Assange a “hacker”, an “inherited problem” and a “stone in the shoe.”

30.05.2018 - 11:25 [ David C Bannerman, Abgeordneter des EU-Parlaments / Twitter ]

What’s happening in Italy is an absolute democratic outrage & shows EU will trample over all democracy to protect its tottering Empire & Euro. First they parachuted in Monti as PM 2011-13, a technocrat & ex EU Commissioner, now they parachute in Carlo Cottarelli, ex-IMF economist

30.05.2018 - 10:40 [ New York Times ]

Italian President’s Loyalty to the Euro Creates Chaos

But in deliberately forcing a new election over the euro, which a majority of Italians say they support, the usually careful and measured Mr. Mattarella expressly put an explosive issue with the potential of transforming Europe front and center. And by using his constitutional powers to block the new government in order to protect Italian savings accounts from increasingly wary markets, he also handed the gifted and gleefully hostile populist parties the talking point of a lifetime before the elections.

28.05.2018 - 17:19 [ Seattle Times ]

Ex-IMF official tapped to head Italy firmly backs euro

The man tapped to head a neutral government in Italy after two populists failed in their bid is a former official at the International Monetary Fund who is a firm believer in the euro and in the necessity of Italy cutting its stubbornly high-debt load.

28.05.2018 - 16:43 [ Ansa.it ]

No one contemplated euro exit-Salvini

„No one ever thought about quitting the euro,“ Salvini told Radio Capital.
„It wasn’t in our programmes, it wasn’t in Savona’s programme.
„There was just the revision of the banking system and the taxes“.

28.05.2018 - 16:31 [ Ansa.it ]

PD backs Mattarella

The centre-left Democratic Party (PD) on Sunday backed President Sergio Matterella after his controversial rejection the nomination of Paolo Savona as economy minister.
„The League and the 5-Star Movement are using unheard of words and unprecedented threats,“ caretaker PD leader Maurizio Martina said via Twitter.

28.05.2018 - 16:20 [ Bloomberg ]

Italy’s Establishment Vetoes the Populists

Italy’s two populist leaders forged a coalition from very different policy platforms. They found a prime minister that both could accept. Then President Sergio Mattarella vetoed their finance minister and their bid for power foundered, unleashing chaos and rage in equal measure in Rome.

28.05.2018 - 16:19 [ Euractiv.com ]

Technocrat PM to take over in Italy as President steps in to protect the euro

Shortly afterwards, he summoned former International Monetary Fund (IMF) senior official Carlo Cottarelli for a Monday morning meeting — an indication he may be considering asking him to head a government of unelected technocrats.

28.05.2018 - 16:09 [ Ansa.it ]

Impeachment Mattarella – Di Maio

5-Star Movement (M5S) leader Luigi Di Maio said Sunday that President Sergio Mattarella should be impeached after he rejected the nomination of Paolo Savona as economy minister.
„(What) if we have elections and we win and the we go to the president’s palace and they say we cannot form a government?“ Di Maio said on a telephone interview with RAI show ‚Che Tempo Che Fa‘.

17.05.2018 - 18:39 [ IBNA ]

Athens expects staff level agreement with creditors by Saturday

Speaking to Greek media on Thursday, Finance Ministry sources confirmed that talks with the inspectors representing the country’s official lenders have culminated in an agreement to reduce pensions in January 2019 as agreed, and slash the income tax-free threshold in 2020.(…)
Remaining stumbling blocks reportedly include delays in the selection of new general secretaries for Greek ministries, over which the government was warned by troika representatives.