IMF
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General Strike Against the IMF Shuts Down Ecuador
Striking workers and activists vow that they will not call off the national strike that began this Wednesday until Moreno reinstates state oil subsidies and lowers the price of fuel and petrol. Moreno cut the oil subsidies last week as part of an agreement the government negotiated with the IMF for a loan of $4.2… Continue reading
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Around the world in 8 Minutes Ep 58: Ecuador fights back against IMF
In this episode of Around the World in 8 minutes, we look at the mounting resistance of the people of Ecuador to the neoliberal policies of Lenin Moreno. The struggle of Ecuadorians in the face of intense repression marks another moment in the Latin American outburst against the far-right whose policies have wreaked great havoc… Continue reading
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Defying repression, tens of thousands of Ecuadorians take part in national strike
The heavy-handed response of the Ecuadorian police and military to the massive mobilizations in the country has already cost eight lives with hundreds suffering grave injuries Continue reading
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Ecuador: Lenin vs. Lenin
Insurrection has always been a weapon of humble peoples, those wretched of the earth of which Frantz Fannon spoke. It is a necessary alternative and a mirror in which one must obligatorily look at oneself, when the moment comes when the possibilities of dialogue with those above are exhausted, and the one below moves from… Continue reading
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Ecuador’s president retreats from capital in face of growing mass protests By Andrea Lobo
In the face of a continuing strike and a mass indigenous mobilization against an IMF-dictated austerity package, Ecuador’s President Lenín Moreno moved his government from the capital of Quito to the coastal city of Guayaquil, where he is now directing a police-state crackdown. Continue reading
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Ecuador raging against IMF’s measures, protesters storm parliament building
Amid widespread demonstrations by people, clashes with riot police, and general strike by transport workers over the International Monetary Fund (IMF) dictated neo-liberal measures, protesters stormed Ecuador’s parliament building in Quito, the capital city. Continue reading
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Global slump: the trade and technology trigger by michael roberts
Despite all the optimistic talk by President Trump about the state of the US economy, the latest data on economic activity and industrial production suggest that America is joining Europe and Japan in a sharp slowdown as we enter the second half of 2019. And this is at a time when the trade and technology… Continue reading
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Dossier 16: Resource sovereignty—the Agenda for Africa’s exit from the state of plunder
In May 2011, the International Monetary Fund (IMF) published a Working Paper by Burcu Aydin called ‘Ghana: Will It Be Gifted Or Will It Be Cursed?’ (WP/11/104). Oil had just been discovered off the shore of Ghana. This anticipated a bounty of revenue for the country. Aydin asks whether Ghana will face the ‘resource curse’.… Continue reading
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Why Venezuela’s People Are Suffering By Eric Zuesse
The case that will be documented here is that Venezuela’s people are suffering from a tragic national situation which actually cannot be reversed by anything that’s within the power of Venezuela’s Government to do or to block. In order to understand this very unfortunate reality (if one wants to understand it), one must first understand… Continue reading
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Leaked Wikileaks Doc Reveals US Military Use of IMF, World Bank as “Unconventional” Weapons By Whitney Webb
This “U.S. coup manual,” recently highlighted by WikiLeaks, serves as a reminder that the so-called “independence” of such financial institutions as The World Bank and IMF is an illusion and that they are among the many “financial weapons” regularly used by the U.S. government to bend countries to its will. Continue reading
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Report to Davos meeting points to deepening contradictions of global capitalism By Nick Beams
The report prepared by the World Economic Forum (WEF) for its annual gathering in Davos, Switzerland, next week presents a picture of the ongoing disintegration of all the mechanisms—economic, political and ideological—that have served to sustain the global capitalist order in the post-war period. Continue reading
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South Africa Searches for a “Financial Parachute”, A $170 Billion Foreign Debt Cliff Looms. IMF “Economic Medicine” By Prof. Patrick Bond
Johannesburg – This week’s hush-hush visit by International Monetary Fund Managing Director Christine Lagarde to Pretoria (between stops in Ghana and Angola) is mysterious. In contrast to last week’s IMF press briefing claim – “Madame Lagarde will hold meetings with the authorities, as well as fairly extensive meetings with the private sector, civil society, academia,… Continue reading
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Et Tu, RT? Amplifying Western Disinformation on Rwanda By Ann Garrison
The great lie about the Rwandan bloodbath opened the door to a far larger genocide in Congo and helped justify U.S. military interventions in Libya and Syria, argues Ann Garrison. Continue reading
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Bloomberg’s Hit Job on Venezuela – and Me By Michael Hudson
I just had a disastrous and embarrassing interaction with Bloomberg, and feel that I was ambushed and sandbagged by having my comments taken out of context in a hit piece Bloomberg’s journalists wrote on Venezuela – evidently trying to distort my own views in a two-for-one job. Continue reading
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Video: Who rules Europe?
From the outbreak of Europe’s debt crisis in 2010, Germany and the Troika institutions of the European Commission, European Central Bank and IMF have come to wield immense influence over the continent and the populations within it. This video examines the individuals and institutions of power in Europe. Continue reading
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Video: The Trail of the Troika
What is happening in Europe in the name of the troika? A must-see for anyone who wants to understand the situation in Greece. The European Union and International Monetary Fund have lent more than 400 billion Euros to Greece, Portugal, Ireland and Cyprus to keep these countries solvent. The lenders granted enormous power to the… Continue reading
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The Real News Live-Streaming From Athens, Greece
Tune in to our site right now to watch an exclusive Greece livestream of a panel featuring TRNN regulars Leo Panitch and Syrian MP Costas Lapavitsas. This panel is part of three day conference in Athens, Greece called Democracy Uprising. Continue reading
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Syriza Betrays Greece’s No Vote: Why the Left Should Form a Popular Front Against the EU By Stavros Mavroudeas
The referendum’s victory with such huge margin was unexpected even for the NO supporters. In the short one-week campaign the Greek economic and political elites unleashed a blatant terror and misinformation campaign through their mass media purporting that a NO vote would destroy Greece and that EU’s terms should be unconditionally accepted. In this unconcealed… Continue reading
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What a Difference a Year Makes By S. Artesian
16 July 2015 — The Wolf Report: Nonconfidential analysis for the anti-investor What a Difference a Year Makes Mix and Match 2014 “This is not our Europe. This is only the Europe we want to change. In place of a Europe of fear of unemployment, disability, old-age and poverty; in the place of the current Europe Continue reading
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Greece: Sound and Fury Signifying Much By Paul Craig Roberts
The Greek prime minister Alexis Tsipras has agreed to the One Percent’s looting of the Greek people of the advances in social welfare that the Greeks achieved in the post-World War II 20th century. Pensions and health care for the elderly are on the way out. The One Percent needs the money. Continue reading
The New Dark Age 