Recently it was announced that very large sums of money emanating fom various sources have been ear-marked for aid to the South African government to help it address problems arising from the Covid-19 epidemic. An amount of 4,3 billion Dollars … Read the rest
Nearly 150 protesters rallied in the streets of Athens Monday just hours after the Greeks voted resoundingly to reject more austerity measures in exchange for another bailout from the country’s international lenders.
The triumph of the No camp in the … Read the rest
The Greek authorities want to investigate alleged misconduct by a number of journalists who attended seminars organized by the IMF and were allegedly instructed to promote the organization’s advice to Greece.
The accusations were voiced by Greece’s former representative to … Read the rest
An MIT report has found that regular solar panels like the ones used today could supply much of the world with power. They believe terawatts of energy could be produced by 2050 and say that investment, not technology, could be … Read the rest
Russian Deputy Finance Minister Sergei Storchak spoke with Greek PM Alexis Tsipras today, proposed that Greece become 6th member of New Development Bank set up by Brazil, Russia, India, China, South Africa, a Greek govt official says in e-mail to … Read the rest
Russia may offer Greece a discount on gas deliveries and new loans when Greek Prime Minister Alexis Tsipras visits Moscow this week, the Kommersant business daily reported on Tuesday, citing one source in the Russian government.
A Kremlin spokesman said … Read the rest
France, Germany and Italy have confirmed they’ll join China’s new Asian Infrastructure Investment Bank (AIIB). Participation in the rival to the US-led World Bank is seen as a setback for the Obama administration.
The three European countries on Tuesday confirmed … Read the rest
‘Gold wars’ are intensifying ahead of the polling day in the Swiss Gold Initiative.
The Swiss National Bank (SNB) and establishment parties went “all in” during the week and intensified their campaign. They suggested that passing the Swiss Gold Initiative … Read the rest
Hajra, magyarok! Hajra Magyarorszag! Hungary has broken ranks with the European Union and may it’s spirited defiance continue.
Not long ago Hungary was being toasted in the West for opening its border with Austria to East Germans. This bold move … Read the rest
The European Central Bank – ECB – invented yet another tool to hold Europe hostage vis-à-vis Russia
The ECB has just launched – effective 4 November 2014 – a new watchdog to control and regulate the European banking system. It … Read the rest
The goal of Western economic sanctions is a “color revolution” in Russia, Russian Academy of Sciences presidium member, academician Yevgeny Primakov is convinced. He told TASS in a jubilee interview of conspiracy theories around oil prices, the U-turn of Russia’s … Read the rest
Those who would gain the most from an IMF spending spree in Europe would be, you guessed it, billionaires like George Soros.
The Russian “existential war threat” is, to Soros, nothing but an excuse to end the “austerity experiment” and … Read the rest
Last week the International Monetary Fund updated its data on the world economy. For the first time it ranks China’s economy as the world’s biggest in purchasing-power-parity terms.
Historians, though, point out that China is merely regaining a title that … Read the rest
The issue of whether the Chinese should be part of the International Monetary Fund’s Special Drawing Right, the composite reserve currency used in official financing, is highly technocratic, but the political questions at stake go to the core of world … Read the rest