Tag: International Monetary Fund

The Cypriot Pawn By Thierry Meyssan

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25 March 2013 — Voltaire Network

Washington was quick to use the financial crisis in Cyprus to implement a strategy for capturing capital described three weeks ago in these columns [1]. With the help of the Managing Director of the International Monetary Fund, US comprador Christine Lagarde, the American leadership challenged the inviolability of private property in the European Union and attempted to confiscate a tenth of bank deposits, supposedly to bail out the Cypriot national bank affected by the Greek crisis.

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Video: Portugal General Strike: This is What Austerity Looks Like By grtv

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15 November 2012 — GRtv

Excerpt from: The Strike in Southern Europe:

A storm is brewing in Southern Europe. In Greece on November 6 and 7 another general strike will take place. On November 14 Portuguese, Cypriot, Spanish and Italian trade unions intend to go on strike in opposition to the austerity policies of the European Union. Belgian and British trade unions, as well as the European and German trade union confederations, are also calling for action. If the mobilization is successful, this transnational strike will be a milestone in the formation of a European protest movement desperately needed to prevent the final demolition of the European welfare states… Continue reading →

Suffocating Austerity: The West’s Folly in Greece Repeats Old Patterns By Evaggelos Vallianatos

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Tuesday, 10 July 2012 15:05 By Evaggelos Vallianatos, Truthout | Op-Ed 

In 2012, the Greeks cannot pay back 245 billion euros they borrowed from European and American banks. But instead of extending a helping hand to member country Greece, the EU, and Germany in particular, act like taskmasters. The EU even invited the International Monetary Fund (IMF) to jointly deal with Greece. The IMF – whatever its putative mandate and formal structure – is an American institution designed to wreck economies that are interfering with capitalism’s business as usual – especially American business. Strictly speaking, the EU and IMF have been on a collision path with Greece in order to extract every penny the banks claim they lent that country.
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Greeks outraged by government’s sellout for quick cash — RT

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1 July 2011 — RT

Greece is now set to receive 12 billion euro in additional rescue cash from the EU, after parliament passed a vote on how to implement tough new austerity measures. However, the move sent thousands of angry protestors on to the streets of Athens.

Greeks face 28 billion euros in cuts, to be implemented over the next five years. EU officials have welcomed the plan, saying it will help the country get back onto a path of recovery.

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The Establishment Eliminates A Threat By Paul Craig Roberts

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19 May 2011 — Information Clearing House

The police and the prostitute media have made it impossible for Dominique Strauss-Kahn to get a fair trial. From the moment of the announcement that he had been arrested on suspicion of sexually assaulting a hotel maid, and before he was ever indicted, the accounts given by the police were designed to create the impression that the director of the International Monetary Fund was guilty.

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Haitian President Martelly is a US Pawn with a Platform of Repression By G. Dunkel

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19 May 2011 — hcvanalysis.wordpress.com

US-Backed President Installed in Haiti

Michel Martelly, a former singer whose stage name was “Sweet Mickey,” was sworn in as Haiti’s president May 14. His inaugural speech promised major changes to rebuild a Haiti still devastated by the earthquake of Jan. 12, 2010.

Preparations for his inauguration cost “only” $4.5 million, and each of the three private banquets celebrating his inauguration charged “only” $500 a seat. (Miami Herald, May 13) The International Monetary Fund estimates that 80 percent of the Haitian people live on less than $2 a day.

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The serious questions raised by the Dominique Strauss-Kahn affair By David North and David Walsh

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19 May 2011 — The Greanville Post

kahn-family.jpg

The official family face of Strauss-Kahn.

The arrest of French financier and politician Dominique Strauss-Kahn in New York City on sexual assault charges and his continued imprisonment is a disturbing event with far-reaching implications.

Strauss-Kahn is the managing director of the International Monetary Fund (IMF), perhaps the most powerful global capitalist financial institution, and a prominent figure in the French Socialist Party, one of that country’s leading big business parties. He was expected to announce soon his candidacy for the presidency in 2012, and polls in France had him leading his rivals, President Nicolas Sarkozy and extreme right-winger Martine Le Pen of the National Front.

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For $10 Billion of "Promises" Haiti Surrenders its Sovereignty By Kim Ives

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25 April, 2010 — Global Research

It was fitting that the Mar. 31 ‘International Donors Conference Towards a New Future for Haiti’ was held in the Trusteeship Council at the United Nations headquarters in New York. At the event, Haitian President René Préval in effect turned over the keys to Haiti to a consortium of foreign banks and governments, which will decide how (to use the conference’s principal slogan) to ‘build back better’ the country devastated by the Jan. 12 earthquake.

This ‘better’ Haiti envisions some 25,000 farmers providing Coca-Cola with mangos for a new Odwalla brand drink, 100,000 workers assembling clothing and electronics for the U.S. market in sweatshops under HOPE II legislation, and thousands more finding jobs as guides, waiters, cleaners and drivers when Haiti becomes a new tourist destination.

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