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... of her crisis." With the exception of Mr. Samaras's narrow circle of advisers, everyone knows that this claim is bogus. In October, Mr. Samaras took another bold, but utterly inane, step in announcing that Greece was about to ditch the IMF and stand on her own two feet... Read more
... production dropped by 5 percent on an annualized basis, the International Monetary Fund predicted a 5 percent drop in GDP for the year, while the European Bank for Reconstruction and Development put the number 7 percent ( 1 , 2 ). And in its forecast, the IMF operated from the assumption that Ukraine would maintain access to the Russian market. Rbc.ru It would seem that under such conditions, the government would seize the opportunity to improve or at least stabilize the economic situation. However, the ...
... in the system itself. The leaders of BRICS are now posed with questions doubting the stability and the reliability of the system. Recently, the leaders of the BRICS countries met in Brazil to establish the BRICS Development Bank, a counterpart to the IMF and the World Bank, specifically designed to increase the amount of money loaned to developing nations. The bank also was created with an emergency reserve fund, echoing the sentiments of the 1998 crisis, where developing nations and emerging markets ...
With the souring of relations between the United States and Russia, Russia has expressed its desire to become less dependent on the US dollar. This is an understandable concern, given the political tension between the two countries, coupled with the threat of tougher US Sanctions on the Russian economy[1]. Simply put, the Russian government knows that it is at a disadvantage. The United States is Russia’s 5th largest trading partner, with 11$ Billion in trade volume, while Russia is United...
Currency Wars follows the actions of governments and central banks to manipulate their currencies and currency denominated securities to their advantage and to the disadvantages of foreign markets. At the present day the focus will be on China and the United States, as China has expressed concerns about the safety and reliability of the US dollar. America has dominated the global financial system ever since July of 1944. During this period, the financial leaders of the western world met in Bretton...
... increasing taxes. However, parliament rejected the package, forcing the government to resign. In spring 2011, when every hope of refinancing the state debt had evaporated, Portugal appealed to foreign creditors. In May 2011, the EU, European Central Bank, IMF, and Lisbon signed up to a three-year bailout and economic program that included a 78-billion-euro credit line. The European Financial Stability Facility (EFSF) and European Financial Stabilization Mechanism (EFSM) provided 26 billion euro each, while ...
| U.S. wants to establish partnership relations with Russia on condition that it meets the U.S. requirements |
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| U.S. wants to deter Russia’s military and political activity |
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| U.S. wants to dissolve Russia |
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| U.S. wants to establish alliance relations with Russia under the US conditions to rival China |
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