Pakistan: Return to the IMF with a New Begging Bowl
The International Monetary Fund (IMF) announced today that it had reached a provisional agreement with Pakistan’s newly elected government for a three-year $5.3 billion loan at a likely interest rate … Continue reading
July 4, 2013 · 2 Comments
France: Adieu Depardieu, They’ll Always Love You
Almost every European and American government is trying desperately to raise revenues while attempting to contain spending and manage the anger of its residents. The US legislature, for example, is … Continue reading
December 22, 2012 · Leave a comment
Europe: Austerity Cuts Cause Protests but No Growth
Greece and Spain have been engulfed in anti-austerity protests over the past two days as citizens express their concerns over the cuts being imposed on those nations by their lenders. … Continue reading
September 27, 2012 · Leave a comment