Parchment in the Fire: Greek Leaks Expose IMF Chief Overruling Pro-Debt Relief IMF Negotiator

Filed under: Eurozone crisis, Southern Europe, Uncategorized Tagged: Austerity, Eurozone Crisis, Greece, IMF

Accidental Deliberations: Friday Afternoon Links

Assorted content to end your week. – Rick Salutin argues that we need to say no to any more trade agreements designed to privilege corporations at the expense of the public. Will Martin reports on the IMF’s long-overdue recognition of the failures of neoliberalism, while pointing out that there’s still a long way to go ...

Accidental Deliberations: Tuesday Morning Links

This and that for your Tuesday reading. – Greg Jericho is the latest to weigh in on the false promises of neoliberalism: An article in the IMF’s latest issue of is journal Finance and Development notes that “instead of delivering growth, some neoliberal policies have increased inequality” and jeopardised “durable” growth. The authors note that ...

Accidental Deliberations: Sunday Morning Links

This and that for your Sunday reading. – Andrea Germanos follows up on the IMF’s realization that handing free money and power to corporations does nothing for the economy as it affects people’s lives. And Susie Cagle examines the role of tech money – like other massive accumulations of wealth – in exacerbating inequalities in ...

Accidental Deliberations: Friday Morning Links

Assorted content to end your week. – Murray Dobbin is hopeful that we may be seeing corporate globalization based on unquestioned neoliberal ideology come to an end: There is no definitive way to identify when an ideology begins to lose its grip on the public discourse but could this clear resistance (it is even more ...

Accidental Deliberations: Saturday Morning Links

Assorted content for your weekend reading. – Barbara Tasch writes about the IMF’s latest research on growing inequality in developing and developed countries alike. And Michael Krassa and Benjamin Radcliff study the impact an improved minimum wage can have on economic well-being: Simply stated, as the minimum wage increases, the economic wellbeing of the national ...

CuriosityCat: IMF rides to Greece defence with shocking dose of reality

Legarde leads the cavalry to the rescue Despite attempts by the top EU states to suppress its latest report, the IMF, led by managing director Christine Lagarde, has spoken truth to the powerfulwith a dramatic report that clearly indicates three things. First, Greece cannot repay the crushing national debt it now has. This means the ...

Parchment in the Fire: IMF Demands Debt Relief for Greece

In a rather surprising turn of events today, the IMF has released a statement demanding debt relief for Greece. This vindicates Varoufakis’ position that Greek debt was unsustainable, positions the IMF against Germany and its allies, and finally brings the IMF into line with its own research – research that has been leaking out over ...

Dead Wild Roses: Greece – Will The People Accept the Dismantling of Civil Society (Austerity)?

    Here at DWR we’ve been keeping an eye on the Greek economic situation.  As early as 2010 we commented that the IMF had been working its magic on the Greek economy: “Did you ever want to see a society remade into the corporatist mode?  Greece is going down that path right now.  The IMF ...

The Disaffected Lib: Next Up, Spain

As events unfold over the next few weeks following today’s No victory in Greece there’ll be plenty of people watching in Spain.  That country’s Podemos movement promotes a similar sort of anti-austerity platform to that of Greece’s Syrzia.  It’s hard to imagine today’s defiant events in Greece not having a knock on effect in Spain ...

Political Eh-conomy: Oxi: a political opening amid economic ruin

This week has been a taste of what the economy would look like with a real rupture with the Eurozone: uncertainty, elite blackmail, banks teetering on the brink and the start of rationing. That the mobilization of Syriza and the left outside it has overcome this and made Oxi a possibility is impressive. Greece and ...

Michal Rozworski » Political Eh-conomy: Oxi: a political opening amid economic suffocation

This week has been a taste of what the economy would look like with a real rupture with the Eurozone: uncertainty, elite blackmail, banks teetering on the brink and the start of rationing. That the mobilization of Syriza and the left outside it has overcome this and made Oxi a possibility is impressive. Greece and ...

A Different Point of View....: Can the IMF turn over a new leaf and challenge the 1%?

…and will we follow Dutch court & challenge Harper on climate change? Two remarkable developments during the past week that could have a significant impact in many countries are worth a lot more attention in Canada and the United States. First, a major research document published by five top economists at the International Monetary Fund ...

A Different Point of View....: Can the IMF turn over a new leaf and challenge the 1%?

…and will we follow Dutch court & challenge Harper on climate change? Two remarkable developments during the past week that could have a significant impact in many countries have been pretty much ignored in Canada and the United States. First, a major research document published by five top economists at the International Monetary Fund (IMF) ...

Parchment in the Fire: IMF: austerity measures would still leave Greece with unsustainable debt | World news | The Guardian

IMF: austerity measures would still leave Greece with unsustainable debt | World news | The Guardian. Filed under: Austerity Tagged: Austerity, Eurozone Crisis, Greece, IMF, Syriza, Troika

Michal Rozworski » Political Eh-conomy: Europe ready to kill Greece to keep TINA alive

My latest piece on Greece was published yesterday at Ricochet. In short, Europe and the IMF’s message that ‘there still is no alternative’ proves that objective of punitive austerity is political, not economic. Here it is in full: The project’s aim is to make an example of Greece and solidify austerity as the only option within ...

Political Eh-conomy: Europe ready to kill Greece to keep TINA alive

My latest piece on Greece was published yesterday at Ricochet. In short, Europe and the IMF’s message that ‘there still is no alternative’ proves that objective of punitive austerity is political, not economic. Here it is in full: The project’s aim is to make an example of Greece and solidify austerity as the only option within ...

Accidental Deliberations: Thursday Evening Links

This and that for your Thursday reading. – Daniel Tencer discusses the latest evidence that trickle-down economics are a fraud, while David Roberts and Javier Zarracina write about how the elite seems to get its own way even when the results are worse for everybody. And Heather Stewart reports on the IMF’s findings as to ...

Political Eh-conomy: Repeat after me: Alberta isn’t Greece

Last week it was Andrew Coyne; this week it’s Jack Mintz. Seems all the National Post’s favourite conservative commentators have suddenly decided to offer their Very Serious Advice™ to Alberta’s new government. While Coyne made a spurious comparison between raising the minimum wage and instituting a minimum income, Mintz outdoes him with an even more ...

Parchment in the Fire: An ageing population isn’t the reason for stunted economic growth – austerity is

An ageing population isn’t the reason for stunted economic growth – austerity is. Filed under: Austerity Tagged: Austerity, IMF

The Progressive Economics Forum: The slow transformation of the IMF

Louis-Philippe Rochon Associate Professor, Laurentian University Co-Editor, Review of Keynesian Economics In its recent report released in early June, the International Monetary Fund (IMF) has made some startling policy announcements: given the general depressed economic condition in the world economy, now is not the time to pay down the national debt if that implies sacrificing ...

Accidental Deliberations: Monday Morning Links

Miscellaneous material to start your week. – Jay Baron Nicorvo discusses how the myth of U.S. meritocracy serves largely as a means of funneling profits toward the 1%. And Mary Hansen points out one way of fighting back against evolving forms of corporate power – being the development of new, cooperative alternatives to businesses designed ...

The Progressive Economics Forum: ROCHON on the IMF and labour market deregulations

LABOUR MARKET DEREGULATIONS NOT WORKING: IMF See original CBC column here. Recent — and potentially watershed — International Monetary Fund (IMF) documents have cast doubt on the merits of labour market deregulation of the last three decades, with important consequences for Canada. But will anyone listen? The last 30 years have not been kind to economic growth and wealth creation. The economic “successes” ...

The Disaffected Lib: Deadlier Than Putin’s Missiles. The IMF Pays Ukraine a Visit.

The International Monetary Fund has worked its magic on Ukraine.  The carrot is about $17-billion in bailout funding.  The stick is the market price of natural gas. Soon the democracy-loving Ukrainians will see their gas bills soar nearly threefold. While Kiev will have to help poorer families pay for pricier gas, the cost of that ...

Accidental Deliberations: Sunday Morning Links

This and that for your Sunday reading. – Cam Dearlove writes a must-read column on the role of housing in building a healthy society: For housing advocates and researchers, our nation’s inability to make headway on homelessness and housing instability is not only a moral failure, but also a financial one. Studies have consistently shown ...