Posts Tagged ‘ IMF ’

Why Greece’s Debt is Illegal

July 11, 2015
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  Capitalism and Government Debt at Odds in Greece (1/2) Michael Hudson says unlike personal and corporate debt, there is no legal framework for writing off government debt, so there is deliberate anarchy in place –   July 10, 2015   SHARMINI PERIES, EXEC. PRODUCER, TRNN: Welcome to the Real News Network. I’m Sharmini...

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Global Financialization 2015 – The state of play

June 12, 2015
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Cross-posted from The Saker The Saker: We hear that the Ukraine will have to declare a default, but that it will probably be a “technical” default as opposed to an official one. Some say that the decision of the Rada to allow Iatseniuk to chose whom to pay is already such a “technical default”....

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Pawns for Pickings

June 11, 2015
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cross posted from The Nation Ukraine Is In Crisis. Here’s Why the West Can’t Save It. A video roundtable explains why the IMF, Europe, and Western corporations don’t have the country’s best interests at heart. Alexander Reed Kelly June 9, 2015 A Ukrainian national flag flutters in the wind at a position held by...

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Ukraine denouement

February 16, 2015
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The  Russian loan and the IMF’s One-Two Punch The fate of Ukraine is now shifting from the military battlefield back to the arena that counts most: that of international finance. Kiev is broke, having depleted its foreign reserves on waging war that has destroyed its industrial export and coal mining capacity in the Donbass...

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IMF Meeting Review – Austerity to Cost

October 19, 2014
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A serious depression is pending as a result of austerity, says Professor Michael Hudson, October 17, 2014 SHARMINI PERIES, EXEC. PRODUCER, TRNN: Welcome to The Real News Network. I’m Sharmini Peries, coming to you from Baltimore. On Wednesday this week, the S&P 500 took a dive and then partially recovered itself in what stock...

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Losing Credibility: The IMF’s New Cold War Loan to Ukraine

September 9, 2014
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By Michael Hudson In April 2014, fresh from riots in Maidan Square and the February 22 coup, and less than a month before the May 2 massacre in Odessa, the IMF approved a $17 billion loan program to Ukraine’s junta. Normal IMF practice is to lend only up to twice a country’s quote in...

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IMF Loans for Ukraine’s disadvantage

September 1, 2014
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Just as happened in Greece, the IMF is causing problems. Why does the Washington consensus continue to make prices more rather than less expensive? A short news piece on RT news.

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Stockholm Syndrome in the Baltics

May 6, 2014
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Stockholm Syndrome in the Baltics

Latvia’s Neoliberal War Against Labor and Industry Published in The Contradictions of Austerity: The socio-economic costs of the neoliberal Baltic model Edited by Jeffrey Sommers & Charles Woolfson This article examines how neoliberal policymakers trained in the United States captured Latvia’s economic policy to impose pro-rentier, pro-bank, anti-labor tax and financial policies. Latvia’s national...

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EU IMF'd

April 18, 2012
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Lauren Lyster presses Michael Hudson on the desire for EU budget surpluses.

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IMF the Economic Hangman

July 8, 2011
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Michael on the Keiser Report, discussing the role of finance in the EU debt crisis. How does Wall St and the IMF fit into the picture? Michael comes on at the 14 minute mark. Download the Hudson only portion of the interview

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