IMF Greece Financial Crisis

Ukrainian President: Enormous IMF Loan Won’t Help Ordinary Ukrainians — Its for War

Ukrainian President Petro Poroshenko has admittedthat a new $17.5 billion loan from the International Monetary Fund and its associated austerity measures will not improve the lives of ordinary Ukrainians—but will help pay foreign creditors and fund the country’s ongoing civil war. “Life won’t improve shortly,” Poroshenko said in televised comments on March 10, one day before the IMF approved the loan. …

Major American Allies Ignore U.S. Pleas and Join China’s Development Bank

UK, Australia, New Zealand, Singapore and India All Sign On … South Korea Next? This week, 2 major U.S. allies – 2 of the “Five Eyes” – have disregarded American please and joined China’s development bank … a new alternative to the US-dominated IMF and World Bank lending order. (A third member of the Five Eyes – New Zealand – previously signed …

kremlin

Russia’s Remarkable Renaissance

Something remarkable is taking place in Russia, and it’s quite different from what we might expect. Rather than feel humiliated and depressed Russia is undergoing what I would call a kind of renaissance, a rebirth as a nation. This despite or in fact because the West, led by the so-called neo-conservatives in Washington, is trying everything including war on her …

IMF Greece Financial Crisis

IMF: Weaker Unions = Higher CEO Pay

As labor unions have declined in most countries around the world, CEO paychecks have ballooned. And that’s not just a coincidence, according to new research from the International Monetary Fund. In the latest issue of the IMF’s Finance & Development journal, researchers Florence Jaumotte and Carolina Osorio Buitron give a preview of their forthcoming study on the links between unionization rates and …