Articles tagged with: imf
Featured, The Arab World »
Deciphering the Doublespeak
“Help” – read “Saddle with huge debts as precursor to crippling austerity measures as a result of inevitable non-payment”
“Transform/stabilize/modernize the economic model” – read “Neoliberalise – open markets, remove import taxes, allow Western multinationals to eviscerate all public industries, deregulate prices, drive costs down, crush unions, lay off workers”
“Political development” – read “Funding of pro-US, pro-EU movements that will ensure a subservient government (just like the US State Department and its proxy NGO’s have been doing for years already)”
“We are on your side” – read “Economically, militarily and …
Featured, Headline, North America »
By David North and David Walsh.
The arrest of French financier and politician Dominique Strauss-Kahn in New York City on sexual assault charges and his continued imprisonment is a disturbing event with far-reaching implications.
Strauss-Kahn is the managing director of the International Monetary Fund (IMF), perhaps the most powerful global capitalist financial institution, and a prominent figure in the French Socialist Party, one of that country’s leading big business parties. He was expected to announce soon his candidacy for the presidency in 2012, and polls in France had him leading his rivals, …
Featured, Headline, North America »
By Paul Craig Roberts, May 18, 2011.
The International Monetary Fund’s director, Dominique Strauss-Kahn, was arrested last Sunday in New York City on the allegation of an immigrant hotel maid that he attempted to rape her in his hotel room. A New York judge has denied Strauss-Kahn bail on the grounds that he might flee to France.
President Bill Clinton survived his sexual escapades, because he was a servant to the system, not a threat. But Strauss-Kahn, like former New York Governor Eliot Spitzer, was a threat to the system, and, like …
Headline »
By Stefan Steinberg and Barry Grey.
In a revealing admission concerning the relationship between capitalist governments and international financial interests, the Financial Times on Tuesday wrote of “Europe’s dirty secret.”
The newspaper editorialized against the plan of the European Union, the European Central Bank (ECB) and the International Monetary Fund to loan Ireland tens of billions of euros in order to guarantee in full the investments of international bankers and bondholders in the country’s failing banking system.
Under the plan, Ireland will effectively surrender sovereignty over its economic policy to the EU and …