Imf Bailout

"Happy" Anniversary, Iceland

Iris Erlingsdottir | Posted 11.28.2009 | World

Read More: IMF Funding, International Monetary Fund, Economic Crisis, Iceland Economic Crisis, Norway, Alcoa, Iceland Global Economic Crisis, Iceland Economy Collapse, Iceland, Denmark, Iceland Bankrupt, Iceland Banks, Iceland Economy, Lehman Brothers, Iceland National Bankruptcy, IMF Bailout, Financial Crisis, Western Europe, Imf, Iceland Financial Crisis, Lehman Brothers Bankruptcy, World War II, Iceland Bank Crisis, Monty Python, World News
Iris Erlingsdottir

This has been a very rough year for Iceland, and it's not likely to get better anytime soon. The public's anger continues to grow, and it would not be surprising if this winter sees a repeat of last winter's uprising.

Read Post

NPR, the IMF, and the Global Savings Glut

Dean Baker | Posted 07.17.2009 | Business

Read More: IMF Bailout, Bank Bailouts, Economic Crisis, Npr, Eastern Europe, Business News
Dean Baker

NPR is turning history on its head in telling listeners that more support for the IMF is the solution.

Read Post

Jane Hamsher's Call to Action Against the War/IMF Supplemental

Robert Naiman | Posted 07.13.2009 | World

Read More: Maxine Waters, Firedoglake, Jan Schakowsky, International Monetary Fund, Rahm Emmanuel, War, IMF Bailout, Keith Ellison, Imf, Afghanistan, Timothy Geithner, Congress, Jim McGovern, Jane Hamsher, War Supplemental, World News
Robert Naiman

The White House and the House leadership want progressive Democrats in the House to abandon their constituents, their commitments, and their principles and vote for the War/IMF supplemental. But when progressive Democrats tried to have input into the process earlier, they were locked out by the leadership, on orders from the White House and Treasury.

Read Post

Support the IMF

Douglas Rediker | Posted 06.20.2009 | World

Read More: IMF Bailout, Imf, International Monetary Fund, World News
Douglas Rediker

t is crucial that Congress approve the IMF funding authorization. Failure to do so would send a terrible signal across the globe that the US can't be counted on to lead in a time of crisis.

Read Post

Green Shoots Among Iceland's Ruins

Iris Erlingsdottir | Posted 05.22.2009 | Business

Read More: Tellmetwin, Iceland Economic Crisis, European Union, Red-Herring, Iceland Global Economic Crisis, Iceland Economy Collapse, Iceland, Iceland Bankrupt, Icelandic-Economy, Iceland Economy, Rahm Emanuel, Iceland National Bankruptcy, IMF Bailout, Imf, Iceland Financial Crisis, Iceland Bank Crisis, Icelandic Government, Reykjavik-Iceland, Business News
Iris Erlingsdottir

A new generation of entrepreneurs is rising that may lead us, eventually, to a new order, one divorced from the old elite and all the corruption that they thrived on.

Read Post

Is the IMF Helping Iceland?

Iris Erlingsdottir | Posted 05.07.2009 | World

Read More: Imf-Europe-Economy, Global Economy, Economic Crisis, Iceland Economic Crisis, Iceland Global Economic Crisis, Michael Hudson, Iceland Economy Collapse, Iceland, Iceland Bankrupt, Global Economic Crisis, Iceland Banks, World Economy, Iceland Economy, Iceland National Bankruptcy, IMF Bailout, Banking Crisis, Imf, Iceland Financial Crisis, Iceland Bank Crisis, World News
Iris Erlingsdottir

Why are the countries that have accepted IMF assistance in the past -- such as South Korea and Argentina -- so bitter over the experience?

Read Post

IMF Urges Eastern Europe To Adopt Euro Without Joining Eurozone

Financial Times | Posted 05.07.2009 | World

Read More: Eurozone Inflation, Eu Rejects Eastern Europe Rescue Plan, Eastern Europe, International Monetary Fund, IMF Bailout, Imf, European Union, Eurozone, Eastern Europe Economy, Europe, IMF Credit Crisis, Euro, Global Financial Crisis, World News

Crisis-hit European Union states in central and eastern Europe should consider scrapping their currencies in favour of the euro even without formally ...

Read Whole Story

G-20: Welcome to the Multi-Polar World

Mark Weisbrot | Posted 05.02.2009 | Politics

Read More: Obama G-20, Global Economy, Latin America, Central America, IMF Funding, Bretton Woods, World Bank, Imf, G-20, Global Economic Crisis, G-20 Summit, Africa, IMF Bailout, G-20 Europe, Neoliberalism, Economic Failure, Globaliation, Politics News
Mark Weisbrot

The run-up to the G-20 meeting has been interesting and colorful. President Lula Da Silva of Brazil declared that "this crisis was caused by the irrat...

Read Post

Geithner "Open" To China 'Super Currency' Proposal

Politico | Posted 04.25.2009 | Politics

Read More: Geithner, Timothy Geithner Treasury Secretary, Tim Geithner Treasury Secretary, International Monetary Fund, Tim Geithner, IMF Bailout, Imf, China Super Currency, Timothy Geithner, Super Currency, China, Foreign Affairs, Advocacy, Politics News

Geithner, at the Council on Foreign Relations, said the U.S. is "open" to a headline-grabbing proposal by the governor of the China's central bank, wh...

Read Whole Story

Romania Becomes Third Eastern EU Country To Be Bailed Out

The Guardian | David Gow | Posted 04.25.2009 | World

Read More: International Monetary Fund, International Economic Crisis, European Economic Crisis, Romania Bailout, European Union, Romanian Bailout, Global Economic Crisis, Global Financial Crisis, World Bank, Eastern Europe, Romania, IMF Bailout, Imf, Eastern Europe Economy, Europe, European Bailout, Romania Economy, World News

The European Union, IMF and World Bank today bailed out Romania with a €20bn (£18.5bn) loan in return for severe cuts in public spending and wages....

Read Whole Story

Iceland's Crisis: What Went Wrong?

Vanity Fair | Michael Lewis | Posted 04.03.2009 | World

Read More: Global Financial Crisis, Iceland Finance, European Financial Crisis, International Monetary Fund, IMF Bailout, Reykjavik, Iceland Financial Crisis, Imf, European Union, Iceland Financial Collapse, Europe, Iceland, World News

Just after October 6, 2008, when Iceland effectively went bust, I spoke to a man at the International Monetary Fund who had been flown in to Reykjaví...

Read Whole Story

Benazir Bhutto: Myth vs. Reality

Virginia M. Moncrieff | Posted 01.27.2009 | World

Read More: Ali Bhutto, Al Qaeda Pakistan, Benazir Bhutto, Isi, Pakistan, Benazir Bhutto and Al Qaeda, Benazir Bhutto Assassinated, IMF Bailout, Al Qaeda Bhutto Assassination, Democracy, Taliban Afghanistan, Pakistan Democracy, Benazir Bhutto Pakistan Elections, Al Qaeda, United Nations, World News
Virginia M. Moncrieff

For Bhutto's many flaws, she was enormously brave. You cannot for a moment imagine that she did not know she had a target almost tattooed over her heart.

Read Post

Pakistan Agrees To $7.6 Billion IMF Bailout

AP | STEPHEN GRAHAM | Posted 12.16.2008 | Business

Read More: Pakistan Bailout, Pakistan IMF Bailut, IMF Bailout, Pakistan, Pakistan Economy, Ukraine, Business News

ISLAMABAD, Pakistan — Pakistan said Saturday it had agreed to borrow $7.6 billion from the International Monetary Fund in an effort to stabilize...

Read Whole Story

IMF Creates $100 Billion Fund To Aid Crisis Fight

Wall Street Journal | BOB DAVIS, MARCUS WALKER and JOHN LYONS | Posted 11.30.2008 | Business

Read More: Finance, Economy, International Monetary Fund, IMF Loan, IMF Bailout, Imf, Recession, Business News

The International Monetary Fund will offer as much as $100 billion in a new kind of loan to countries that are battered by the financial crisis, makin...

Read Whole Story