Tag Archives: International Monetary Fund

US Government Shutdown Threatens Disruptions To Global Credit – 14 October 2013

RT logoThis week, the US may be forced to default on its $16.8 trillion debt if a deal to raise the ceiling is not struck. And some US legislators are acting “irrationally” enough to indeed allow it to happen, Professor Jeffrey Sommers told RT.

If the US defaults on its debt, the entire global economy could be hit, IMF chief Christine Lagarde warned over the weekend. “We would be at risk of tipping, yet again, into recession.”

Read the whole article at: www.rt.com / link to original article

Advertisements

Mish / Mike Shedlock – IMF Ready To Plunder Spain; IMF’s Latest Trojan Horse Offer; English-To-English Translations – 4 October 2012

IMF chief Christine Lagarde says IMF ready to help Spain.

The International Monetary Fund stands ready to help Spain in multiple ways if Madrid seeks its aid, IMF chief Christine Lagarde said in a newspaper interview published on Wednesday.

“If Spain wants it, we could help in diverse ways, for example by simply auditing and monitoring reforms negotiated with its European partners without the IMF participating in financing,” Lagarde told French daily Le Figaro. Continue reading

John Ward – Eclusive : ‘Bankfurt And The Us Out To Stop Draghi’ – German Bankers, IMF ‘Blocking ECB Plans For Bank Union And Greek Rescue’ – 14 September 2012

 

I’ve been saying for months now that Greece ‘will not be allowed’ to leave the single currency, because Merkel and Draghi accept that the chaos would be fatal for the eurozone. I also recently noted that the ‘done-deal after a suitable period of fisticuffs’ I’d predicted was surfacing. It still is: reduced interest rates on extended periods of Greek debt repayment (plus both ECB and sovereign EU member haircuts) are now being openly discussed by officials in Berlin, Brussels, and Paris. Continue reading

John Ward – Spanish Crisis : Former IMF And Bankia Boss Charged With Massive Fraud – 6 July 2012

Spain’s Bob Diamond is Rodrigo Rato. The difference is, Rato is heading for jail

Spain’s anti-bank majority is celebrating a major victory after the country’s high court opened a criminal investigation into Rodrigo Rato, the former head of Spain’s biggest mortgage lender, Bankia. Rato, once a big wheel within the IMF, has been given a court date to face criminal fraud accusations relating to the downfall of Bankia, the banking giant at the epicentre of Spain’s economic disaster. Continue reading

Mish/ Mike Shedlock – IMF Pressures Spain To Lower Salaries, Raise The VAT, Eliminate Housing Deduction – 16 June 2012

My friend Bran reports from Spain that IMF urging Spain to raise VAT, reduce public pay and positions, and eliminate housing deduction is the headline of every main news broadcast and newspaper. Continue reading

Golem XIV – The Eurofiscal Corruption Contest – The Spanish Entry – 14 June 2012

Let me make it clear straight away – the lies, corruption, cowardice and greed of Spanish bankers and government officials is nothing special. What is happening in Spain now, reminds me of Northern Rock in the UK, Hypo in Germany and  CountryWide in the US. So please do not think that I dislike Spain or of the ordinary people of Spain. The people I detest in Spain are the same people I detest in Britain and every country: The Cabal of corrupt Bankers and Political parasites. Continue reading

The Telegraph UK Headlines, 13th June 2012 – 14 June 2012

Debt crisis: Germany signals shift on €2.3 trillion redemption fund

The German government has begun opening the door to shared debts for the first time in a profound change of policy, agreeing to explore proposals for a €2.3 trillion (£1.9 trillion) stabilization fund in order to stop the eurozone’s crisis escalating out of control.

Spain could be cut to junk within three months

Spain could be downgraded to ‘junk’ within three months, rating agency Moody’s warned on Wednesday night, as it slashed the country’s credit rating by three notches. Continue reading