International Monetary Fund

News Headlines May 3, 2015: Russia to Create IMF Rival, Venezuela Raises Minimum Wage, Fidel Dealt in Cocaine According to Former Bodyguard

Mexican Fishermen Sue BP Israeli Prime Minister Benjamin Netanyahu Does Not Accept Two-State Solution Ebola Survivors Should Use Condoms Indefinitely According to CDC Amonium Nitrate Spill in Costa Rica Venezuela Boosts Minimum Wage 30% Thousands Protest Moldova’s Government Former Bodyguard Claim Fidel Castro Trafficked Cocaine Russia Creating Rival to International Monetary Fund China Promises $46 […]

The International Monetary Fund (IMF) Expresses Confidence in Leader Christine Lagarde

The board of the IMF expressed its confidence in Managing Director Christine Lagarde after the launch of a French inquiry into alleged abuses of power. Ms. Lagarde took over the IMF in 2011 and her office denies any wrongdoing. In 2007, Lagarde was involved in a dispute with French businessman Bernard Tapie and the bank […]

Finance Minister Tendai Biti: $217 Remains in Zimbabwe’s Sovereign Account

In a report from Agence France Presse, Tendai Biti told reporters in Harare that Zimbabwe would have $217 remaining after it paid government workers, leaving the nation’s finances in a state of paralysis. Zimbabwe had extraordinarily high levels of inflation in 2011 and 2012 which the IMF claims have only recently moderated at levels beneath […]

Greeks Sell-Off Assets to Repay Debts in Europe’s Newest Onion Economy

Firesale privatization of Greek State Assets Raises Concerns for Future of Greece, accusations of Corruption In order to repay its sovereign debts, the Greek government has placed everything from a police headquarters in Athens to leasing private beaches on the auction block to raise much-needed funds. As part of its bailout of Greece, the International Monetary Fund […]

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Greek Rage at the Polls Results in Seats in the Parliament for Nationalist, Neo-Nazi Party the Golden Dawn

The start of voting in an early general election in Greece has not gone well for proponents of the European idea: After two years of austerity and financial crisis, the Greek public is turning away from the traditional conservative New Democracy party and the socialist Pasok, the two poles of Greek political life for decades. […]

The Goldman Sachs Conquest of Europe.

The euro zone financial crisis has seen its share of historical events but none more telling than the recent ascension of Mario Monti to the Italian Prime Minister’s chair. With the removal of Berlusconi and the rise of a government of technocrats determined to right Italy’s financial ship of state, yet another European nation’s leadership […]

New Greek Prime Minister Papademos Has Difficult Task Ahead of Him.

Recently named Greek Prime Minister Lucas Papademos is said to be working around the clock to avert Greek default on their sovereign debt obligations. Like recently minted Italian Prime Minister Mario Monti, Lucas Papademos is a technocrat, heading Greece’s first coalition government in recent memory. Necessary austerity legislation is still wildly unpopular with the Greek […]

Who holds the most gold in the world? We do.

(in tonnes – due to the wild fluctuation of the price of gold) 1. US 8,133.5 2. Germany 3,401.0 3. The IMF 2,846.7 4. Italy 2,451.8 5. France 2,435.4 6. China, 1,054.1 7. Switzerland 1,040.1 8. Russia 775.2 9. Japan 765.2 10. Netherlands 615.5 With the value of gold skyrocketing due to economic uncertainties surrounding […]

New IMF chief Christine LaGarde advocates capital injections for European banks.

IMF Chief Christine LaGarde, replacement for Dominique Strauss Kahn (who seemed to be busier chasing tail than focusing on his job), has advocated for a capital injection into European banks and states that ‘decoupling’ EU states from the monetary union is a myth. She has argued for capital injections into European banks, solutions to the […]