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Economy | Article | Mar 22, 2013

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

by Ellen Brown, Web of debt blog

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 …

Energy | Article | Jan 30, 2013

IMF and resource scarcity

by Kjell Aleklett, Aleklett'sEnergy Mix

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 …

Economy | Article | Nov 15, 2012

Gridlock in Europe

by Joseph Joyce, Econbrowser

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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