Lack of Greek Pension, Tax Reform Block Deal
The IMF rejects Greece’s proposals for pension reform, setting back hopes of a bailout deal.
IMF
Greece Submits Reforms for Bailout Extension, IMF Critical
Greece’s latest promises underwhelm the IMF. Europeans agree to extend its bailout anyway.
Egypt Stalls on International Aid, Financial Crisis Looms
Egypt’s government is reluctant to cut fuel subsidies even as it is running out of money.
IMF Urges Germany to Give Up More Money
Pressure mounts on Germany to surrender its commitment to austerity.
IMF to Save Italy, Spain from Default?
Northern resistance to fiscal union may necessitate a bigger role for the IMF in the euro crisis.
Scandal Threatens European Influence at IMF
Will a European again head the powerful financial institution?
IMF Chief’s Sexual Assault Charges Impact French Election
Dominique Strauss-Kahn’s legal predicament is likely to have an impact on French presidential politics.
G20 Designs Mechanism to Balance Global Trade
The world’s major economies pushed ahead with a plan aimed to curb global trade imbalances but discord remained.
G20 Agree to Monetary Fund Power Shift
Finance ministers agree to give emerging economies more power in the International Monetary Fund.
Reflections on the Asian Financial Crisis
What is now known as the Asian Financial Crisis began in July 1997 in Thailand where the baht fell victim to massive speculative attacks. Before the currency was finally devaluated to lose over half of its value, the country’s economic growth came to a grinding halt amid disastrous layoffs in previously booming sectors as finance […]
IMF Gaining in Power
Given the current economic problems of both Europe and the United States — well, the whole world really — the International Monetary Fund (IMF) is becoming more and more involved and gaining in power almost daily. As Rahm Emmanuel says, never let a crisis go to waste. It’s time we paid attention to organizations such […]
Saving the Euro
Bending the rules of euro management, European leaders and finance ministers agreed to an unprecedented effort to guarantee the stability of the eurozone with loans adding up to nearly $1 trillion (or €750 billion) this weekend. In spite of the multibillion euro rescue package previously pledged to Greece, investors continued to worry about the unsound […]
Meltdown in Greece
The crises in Greece sends shockwaves around the world and inspires recriminations everywhere.
Compromise on the Greek Question
The compromise which European leaders reached last week on aiding Greece may struck many foreign observers as evidence of the EU’s ineffectiveness at settling its internal discord, but it was in fact a minor victory for “President” Herman Van Rompuy and his campaign for greater economic governance from Brussels. Van Rompuy, former prime minister of […]