Post Profile

The World Bank and the IMF Are Enabling the Next Crisis

frankieleon / (CC-BY-2.0) The ingredients of a fresh global economic crisis are assembling and the IMF and the World Bank are failing to acknowledge their role in creating them. Guardian economics editor Larry Elliott writes: According to the IMF, global debt has risen to a record level of $152tn (£1223tn) – more than double world GDP – at a time when activity is sluggish.
read more


Related Posts

Through Feints and Provocations, the Greek Debt Drama Will Continue

News : Truthdig

    Greek Prime Minister Alexis Tsipras, left, and European Commission President Jean-Claude Juncker. (Virginia Mayo / AP) “There has been nothing but bad news,” writes The Guardian’s economics editor Larry Elliott of the Greek debt...

The Economy in 2016: Buying Time Before All the Old Problems Resurface

News : Truthdig

Moyan Brenn / (CC BY 2.0) What’s in store for the world economically in the new year? While he cautions against predictions, Guardian economics editor Larry Elliott estimates that “there will be no explosion in 2016, but a fuse will...

The World Bank Just Slashed Its Forecasts For Global Growth

Business & Finance : Business Insider: Clusterstock

The World Bank just published an update to its latest Global Economic Prospects report. "Four years after the onset of the global financial crisis, the worst appears to be over," they write. "However, the global economy remains frag...

IMF Pours Cold Water For Second Day In A Row, Sees €300 Billion In Euro Bank Risk Exposure

Business & Finance : Zero Hedge

A day after the IMF warned that the world is facing a dramatic economic slowdown cliff, it follows up by pulling off the scab on a festering European wound, with Reuters reporting that according to the IMF, "Europe's debt crisis has...

Brussels Summit Will Not Avert Eurozone Crisis

News : Truthdig

At the close of an economic summit that appears to have failed to rescue Italy, Spain and more of Europe from sinking deeper into a mire of recession, Guardian economics editor Larry Elliott prefigures the collapse of the euro as a ...


Copyright © 2016 Regator, LLC