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Imf Bailout

IMF Admits 'Notable Failures'

AP | By MARJORIE OLSTER and DEREK GATOPOULOS | Posted 08.05.2013 | Business

WASHINGTON (AP) — The International Monetary Fund acknowledged on Wednesday that it made "notable failures" in the Greek bailout, underestimating ho...

Stealing Greece From the Greeks

Evaggelos Vallianatos | Posted 02.20.2013 | World
Evaggelos Vallianatos

Greece set the foundations of our civilization primarily because of her legacy of knowledge. Homer, Plato, Aristotle and Archimedes, and a galaxy of ...

IMF Delays Egypt Loan Amid Deepening Crisis

Reuters | Posted 02.10.2013 | World

CAIRO, Dec 11 (Reuters) - A vital $4.8 billion International Monetary Fund loan to Egypt will be delayed until next month, its finance minister said...

Euphoria In Greece As EU, IMF Agree To Release Loans

www.guardian.co.uk | Posted 11.28.2012 | World

After months of drama in the eurozone and its own solvency hanging by a thread, Greece reacted with euphoria on Tuesday at the news that international...

Ricardo Caballero: "Greece Is in Rehab"

Vaios Papanagnou | Posted 01.28.2013 | World
Vaios Papanagnou

"This was clear from the beginning, and it remains clear. It is up to Greece and its Europeans partners to decide how to structure and spread over time this default."

Corruption Takes Center Stage in Greek-Euro Crisis

Frank Vogl | Posted 12.30.2012 | World
Frank Vogl

It is a long way from the courtroom in Athens that hosts Costas Vaxevanis to the arena of high global finance that Merkel bestrides, but the connection highlights the depth, the intractability and the complexity of the European financial crisis.

IMF Agrees To Terms For Spending Huge Fund

Reuters | Posted 08.15.2012 | Business

WASHINGTON, June 15 (Reuters) - The International Monetary Fund agreed on Friday that it would only draw on the $430 billion in extra resources comm...

Why Tension Between World Leaders Is Mounting

Reuters | Posted 06.13.2012 | Business

By Lesley Wroughton WASHINGTON, April 13 (Reuters) - Tensions among some of the world's leading economies are on a boil over a plan to...

The Humiliating Cost of Progress in Greece

Thanos Dimadis | Posted 05.08.2012 | World
Thanos Dimadis

The Greek people should be afforded the security of knowing whether their country is on a steady path towards economic recovery. Nevertheless, no one is able to assure Greeks the crisis is averted.

Should Greece Get a Second Bailout?

Thanos Dimadis | Posted 03.25.2012 | World
Thanos Dimadis

Actually, I agree with the analysts who say that Greece does not not deserve a second bailout program from the EU, ECB and IMF. I would add, though, that Greece doesn't deserve it only if this program is to be created with the same failed recipe used before.

Official: Finance Ministers Can't Agree On Providing 200 Billion Euro Loan To IMF

AP | GABRIELE STEINHAUSER | Posted 02.18.2012 | Business

BRUSSELS — European Union finance ministers have come up euro50 billion ($65.19 billion) short of their goal of providing the International Mone...

Can China Save Europe?

Tom Devonshire | Posted 11.19.2011 | Business
Tom Devonshire

The Chinese could quite easily sort out Europe in one fell swoop. Why would China get involved in Europe's mess though? In short, it is not in China's interest for Europe to fail.

Saving Greece or Saving the Euro?

Azeem Ibrahim | Posted 09.10.2011 | World
Azeem Ibrahim

Perhaps it is time for the EU to not just swallow its pride and ask the IMF for help, but to take allow the weaker economies to secede from the Eurozone, releasing the others from their obligation to keep bailing them out.

The Challenge of Privatization and the Greek Debt

Thanos Dimadis | Posted 05.25.2011 | Business
Thanos Dimadis

Greece doesn't have a lot of time to put its messy fiscal house in order.

Will Papandreou Rescue Greek People From Social Bankruptcy?

Thanos Dimadis | Posted 05.25.2011 | Politics
Thanos Dimadis

What's now important for the Greek government is to provide people with evidence that their sacrifices are not in vain. And, furthermore, that people are paying for the crisis equally.

Simon Johnson Warns Ireland: Seek IMF Bailout Or Risk Bankruptcy

The Independent | Posted 05.25.2011 | Business

"For the sake of the Irish people, it's time to go to the IMF. If you go in now and if you go in with your partners, you will get a good deal. You may...

Debt Crisis and Threat of Bankruptcy Encourages Europe To Create Greater Economic Reform

AP | DANIEL WOOLLS and COLLEEN BARRY | Posted 05.25.2011 | Business

MADRID — In the ashes of Europe's debt crisis, some see the seeds of long-term hope. That's because the threat of bankruptcy is forcing governm...

Does Greece Have a Tea Party?

Ann Pettifor | Posted 05.25.2011 | Business
Ann Pettifor

While there have been protests and riots, it is not clear that Greece has the equivalent of a Boston Tea Party. Or, like Bostonians, that Greeks will join with others to fight for independence.

Greek Debt Crisis Gets Steadily Worse Amid a Sea of Fiscal Deception

Sheldon Filger | Posted 05.25.2011 | Business
Sheldon Filger

Athens had deliberately lied about the deficit so that Greece would be admitted into the Eurozone.

DK Matai | Posted 05.25.2011 | Business
DK Matai

Editor's Note: This post has been removed from the Huffington Post....

Iceland's Pyrrhic Victory

Iris Erlingsdottir | Posted 05.25.2011 | World
Iris Erlingsdottir

While Icelanders have been endlessly debating IceSave, our unemployment rate has continued to climb, the number of insolvencies has continued to increase, and public services have continued to decrease.

Iceland's President Is No Hero

Iris Erlingsdottir | Posted 05.25.2011 | World
Iris Erlingsdottir

While legislators were hammering out a deal that would keep Iceland from being labeled a pariah state by the IMF and ratings agencies, President Ragnar was protecting his oligarch friends.

Iceland's President Is Still No Hero

Iris Erlingsdottir | Posted 05.25.2011 | World
Iris Erlingsdottir

I believe that none of the Icelandic political parties are actually standing up for the average Icelandic person.

"Happy" Anniversary, Iceland

Iris Erlingsdottir | Posted 05.25.2011 | World
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.

NPR, the IMF, and the Global Savings Glut

Dean Baker | Posted 05.25.2011 | Business
Dean Baker

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