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Articles: IMF (4)

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Euro crisis or Argentina/Iceland/Malaysia: Which will be the model for future crises?

Will the future crises that climate change, peak resources and ecological destruction be just other useful crises for the powerful to make the rest pay?

A Safe and a Shotgun or Publicly-owned Banks? The Battle of Cyprus

On Tuesday, March 19, the national legislature of Cyprus overwhelmingly rejected a proposed levy on bank deposits as a condition for a European bailout. Reuters called it “a stunning setback for the 17-nation currency bloc,” but it was a stunning victory for democracy. As Reuters …

IMF and resource scarcity

During the past week the future of the world economy has been discussed in Davos, Switzerland. Below, I think it is appropriate to quote Christine Lagarde, the Managing Director of the International Monetary Fund (IMF). In her speech of 23 January she presented the following viewpoint: "The …

Gridlock in Europe

The latest twists and turns in the saga of the Greek debt crisis are signs that the brief honeymoon the Fund enjoyed in the wake of the “Great Recession” has ended.

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