‘The Russian State Duma has ratified the $100 billion BRICS bank that’ll serve as a pool of money for infrastructure projects in Russia, Brazil, India, China and South Africa, and challenge the dominance of the […]
‘Since 2010 the troika, consisting of the International Monetary Fund, the European Central Bank and the European Union’s commission, has forced different governments in Athens to implement six consecutive austerity programs which have severely lowered […]
‘Fractures began to appear in the Greek government today as Athens prepared to hand over a key proposed list of structural economic reforms to the country’s European creditors. The proposals – which include cracking down […]
‘Within the space of a few hours, German Finance Minister Wolfgang Schäuble (CDU) rejected outright written requests by the Greek government on Thursday for an extension of its previous credit agreement with the EU. Schäuble […]
Bankers never go to jail. This is one of the unwritten new laws to which most of us have grown wearily accustomed in this new post-crisis reality. Also begrudgingly taken for granted is the fact […]
‘When Christine Lagarde, managing director of the International Monetary Fund (IMF), announced Ukraine’s new, $17.5 billion bailout package Thursday morning (Feb. 12), she suggested it would be a “turning point for Ukraine,” which stands to […]
‘When Christine Lagarde, managing director of the International Monetary Fund (IMF), announced Ukraine’s new, $17.5 billion bailout package Thursday morning (Feb. 12), she suggested it would be a “turning point for Ukraine,” which stands to […]
‘When Christine Lagarde, managing director of the International Monetary Fund (IMF), announced Ukraine’s new, $17.5 billion bailout package Thursday morning (Feb. 12), she suggested it would be a “turning point for Ukraine,” which stands to […]
‘Europe is playing a dangerous game of chicken, Paul Krugman writes in his column Friday. When the European Central Bank announced that it would no longer accept Greek government debt as collateral for loans on […]
‘It is encouraging to see that the majority of voting Greek dares to vote for a change from the relentless misery imposed by the infamous troika – ECB, EC and IMF. The Greek people have […]
‘The results of a new opinion poll indicate that Spain’s anti-austerity party, Podemos, is getting more currency ahead of the 2015 elections. According to the study by the CIS state research institute, the findings of […]
‘Having just written that Greece needs Spartans in order to prevail over its creditors and the EU, the new Greek government is showing signs of being Spartans. Listen to these words from Greece’s new Prime […]
‘Amid ‘turmoiling’ stock markets on Friday, CNBC’s Simon Hobbs summed up the status quo’s thinking on the new Greek leadership when he noted, somewhat angrily and shocked, “The Greeks are not even trying to reassure […]