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  • International Monetary Fund

    Cyprus: Last-Minute Bailout Doesn’t Address Eurozone’s Underlying Systemic Issues

    A last-minute accord struck early Monday morning between Cypriot authorities and International Monetary Fund and European Union officials is being hailed in Brussels as a breakthrough. In reality, the agreement simply papers over serious structural fractures within the eurozone and is likely nothing more than a temporary solution to long-term … More

    Low-Income or Filthy Rich, Cyprus Residents to Have Bank Accounts Raided

    The Republic of Cyprus has agreed to a eurozone bailout that will raid the bank accounts of Cyprus residents. In July 2012, the Republic of Cyprus became the fifth eurozone member to request a bailout. Eight months later, Cyprus has agreed to a €10 billion ($13 billion) bailout package with … More

    Argentina’s Terrible Week: IMF Censure, Price Controls, and Court Rulings

    Argentina’s government is having a terrible week. The bad week started when the nation was censured by the International Monetary Fund (IMF) on February 1 for cooking the statistical books and underreporting the rampant inflation devouring Argentineans’ and foreign investors’ money—to the tune of $6.8 billion. Unless the nation cleans … More

    Generation Y: A Taste of What Is To Come for Generation Debt

    You may be wondering whether anyone, after all, went over the fiscal cliff at the end of December. News reports about Congress’s last-second legislation certainly conveyed the impression that everyone stepped away from that fateful edge. However, if you are under the age of 35, that rushing sound you hear … More

    IMF: Fannie and Freddie Threaten U.S. Fiscal Health

    Followers of the International Monetary Fund (IMF) have long joked that the fund’s acronym stands for “It’s Mostly Fiscal.” For a long time it has helped bail out basket-case economies with severe fiscal deficiencies, such as Greece, Russia, and Argentina. But a recent report shows that the IMF is now … More

    Chart of the Week: National Debt Set to Skyrocket

    The Senate canceled next week’s recess to address the country’s debt crisis. It’s an issue in the headlines every day as lawmakers and the White House debate a debt-reduction plan. Why does it matter? The national debt is set to explode in the coming decades as spending on entitlement programs … More

    Morning Bell: Is the Age of America Coming to An End?

    A dire prediction hit the news yesterday: A date has been set for the end of the “Age of America,” — i.e., when China’s economy will overtake the United States. The news comes by way of an International Monetary Fund (IMF) forecast that shows China’s economy surpassing America’s by 2016. Though there … More

    Still Not Greece, But Getting Closer Every Day

    The Washington Post reported today that the International Monetary Fund and various world governments warned U.S. officials years ago that “escalating financial problems” in the United States “had to be addressed quickly to forestall a larger threat to the world economy, but those urgings were discounted.” The Post went on … More

    "I'm Afraid To Tell You There's No Money Left"

    When Britain’s new Chief Secretary to the Treasury, David Laws, walked into his office last week, he found a letter from his predecessor, Liam Byrne. Laws assumed it contained useful advice. But when he opened the envelope, he found that the letter – which he characterized as “honest but slightly … More

    Politics and Economics: A Deadly Mixture

    The tragic events unfolding in Greece, where at least three people have died in political rioting protesting austerity measures being imposed as part of an EU and IMF financial bailout, is a vivid reminder of the danger when the line between government and commerce is blurred or destroyed. In a … More