IMF – World Bank’s annual meetings and the G20 Finance ministers and central bank governors gathering in Washington D.C. this weekend proved two things; first that the world is more divided now, in the aftermath of the financial crisis and second and more important that the labouring millions of the globe in developing and […]G20: Less growth, more austerity for developing countries
October 14, 2013 by Leave a Comment
IMF – World Bank’s annual meetings and the G20 Finance ministers and central bank governors gathering in Washington D.C. this weekend proved two things; first that the world is more divided now, in the aftermath of the financial crisis and second and more important that the labouring millions of the globe in developing and […]Lagarde: Keep feeding the banks cut down wages and food subsidies
October 7, 2013 by Leave a Comment
Lagarde to the world: Keep feeding the banks with zero interest rate cost money, further trim down workers’ rights in the developed world and reduce subsidies on foodstuffs and utilities in developing countries. This was in short what the managing director of IMF had to say, ahead of the 2013 World Bank-IMF Annual Meetings, when […]More unemployment and lower wages to make European workers competitive?
April 19, 2013 by Leave a Comment
The statement that unemployment constantly increases in the European Union has become a banal observation during the past three crisis years. When however it comes to long-term unemployment, comprising workers without a job for more than one year, the end result can be that the labour force of this country or region is reduced by […]IMF: The global economy keeps growing except Eurozone
April 17, 2013 by Leave a Comment
IMF’s research department published yesterday its latest report on World Economic Outlook (WEO), with good news for the global economy and bad news for Eurozone. Actually, Olivier Blanchard, IMF’s chief economist and director of its Research Department, was quoted as saying that because of Eurozone’s problems, “We have moved from a two-speed recovery to a […]
