Reading List: Breakdown of the IMF’s new $430bn firepower (Infograph)
- 24 April 2012
The IMF, according to its latest projections, no longer sees China as the main culprit of imbalances in the global economy. This column argues that this will be very good news for the global economy, as both the pace and the rebalancing of China's economy will help support global growth. Vox Eu
"Politicians are pitching the idea of 'tax reform' – suggesting that they can simplify the system, close loopholes, and use the proceeds to reduce tax rates. But this vision of tax reform is an illusion with no basis in reality" Project Syndicate
David Malone says the money the Federal Reserve and European Central Bank have given to big banks to bail them out have not been invested in growth. "They have gone into betting on failure and default." Golem XIV
Last weekend the International Monetary Fund secured commitments of more than $430bn in funding to help the IMF safeguard economies from the Euro debt crisis in Europe. Click to see how much each country contributed. The Telegraph
Highlighting the long decline in farm employment, Gary Becker does not see a convincing case for giving tax breaks and subsidies to the manufacturing sector. The Becker-Posner Blog
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- European Commission publishes what it claims would have been a comprehensive agreement as Greece stands on financial precipice
- “Grexit is not yet what Greece is facing...”
- Greek banks temporarily shut up shop as latest crisis talks hit a dead-end
- Greek Prime Minister Tsipras calls referendum over humiliating, unbearable bailout
- More than 20% of young male drivers now have pay as you go 'Black Box' insurance policies
- July's Emergency Budget: Voters would swap support in later years for tax cuts today
- Greek crisis Q&A - what might happen next?
- Bank of England figures show drop in mortgage approvals during May but underlying trend still looks robust
- Why shares in investment firm St James’s Place are a 'buy'
- A third of homeowners struggling to progress up the property ladder