Many readers of the European and American press must be confused about what actually is happening in the negotiations between Greece (Alexis Tsipras and Yannis…
International Monetary Fund
The Greek debt is unpayable. It is simply too large to be repaid. The austerity that the EU and IMF have imposed on Greece has…
Some people talk about peak energy (or oil) supply. They expect high prices and more demand than supply. Other people talk about energy demand hitting a…
Nearly every discussion of the Greek fiasco is based on a morality play. Call it Naughty Greece versus Noble Europe. Those troublesome Greeks never belonged in the euro, runs…
The IMF, whose bailout operations are absorbed by the taxpayers in the member countries whenever a particular bailed-out nation defaults, announced on Friday, June 19th, that it will…
Bigger is not always better. As Wall Street banks and big box stores such as Walmart have shown, bigger is often worse. The list of…
In light of how the International Monetary Fund has spent most of its existence parading around the world telling governments to make their economies more…
Despite the grievous state of the Ukrainian economy, the IMF said it will continue to lend money to Ukraine, so Kiev can complete economic restructuring.…
Russia is about to take another major step towards liberating the Ruble from the Dollar System. Its Finance Ministry just revealed it is considering issuing…
The Saker: We hear that the Ukraine will have to declare a default, but that it will probably be a “technical” default as opposed to…
t the moment, we see only the dark face of Europe,” said Leonidas Fotinos. “They want to buy Greece cheap.” A large, young-looking man in…
Ukraine’s collapse since the February 2014 coup has become an umbrella for grabitization. Collateral damage in this free-for-all has been labor. Many workers are simply…