Category Archives: IMF

How many mea culpas will the IMF end up issuing about the bailout of Greece?

Last week saw the International Monetary Fund confess to some of its shortcomings regarding the bailout of Greece which began with the “shock and awe” hype of May 2010. Three grim years later the Greek economy remains like a submarine … Read More

Posted in Euro zone Crisis, GDP, General Economics, Greek Financial Crisis, IMF | Tagged , , , | 21 Comments

So much for Funding for Lending stimulating bank lending in the UK

This week I have been examining aspects of the UK economy and the central theme of this is that our  economy is going to continue to struggle if wage growth remains so weak. This is because it has fallen well below … Read More

Posted in General Economics, Growth, IMF, Inflation, Interest rates, Quantitative Easing and Extraordinary Monetary Measures, Stagflation, UK Inflation Prospects and Issues | Tagged , , , , , | 28 Comments

Portugal shows its resistance to reform as its economic depression deepens

Over the weekend the mainstream media caught onto the fact that there are serious problems in Portugal and her economy. The trigger for this is that the constitutional court had late on Friday rejected some 1.3 billion Euros of the … Read More

Posted in Euro zone Crisis, General Economics, IMF, Recession | Tagged , , , | 31 Comments

The bailout of banks in Cyprus will lead to economic collapse there

The last week has seen some extraordinary events as the supposedly mighty Euro area and the International Monetary Fund have struggled to deal with the economic problems of little Cyprus. By little I mean that it is 0.2% of Euro … Read More

Posted in Banks, Euro zone Crisis, General Economics, Growth, IMF, Quantitative Easing and Extraordinary Monetary Measures, Recession, Uncategorized | Tagged , , , , | 32 Comments

How many more times will Portugal have to get out the begging bowl?

Today the circus which is what meetings of the Eurogroup have become will take place one more time. During it Portugal will press her case for receiving a change to her bailout terms so that she is being treated on … Read More

Posted in Euro zone Crisis, GDP, General Economics, IMF, Quantitative Easing and Extraordinary Monetary Measures | Tagged , , , , | 10 Comments

The lies about Greece’s economy are unravelling as the IMF comes (partly) clean

Over the weekend I had time to review a very damning report written by the International Monetary Fund on the situation in Greece. This provides quite a contrast to what the polite may call rose-tinted or the less so outright … Read More

Posted in Euro zone Crisis, General Economics, Greek Financial Crisis, IMF, Quantitative Easing and Extraordinary Monetary Measures | Tagged , , , | 16 Comments

What is going on in the Irish economy and public finances?

One of the most hotly debated topics in the Euro crisis has been the position of Ireland which for some has been a poster boy (girl), and for others is an example of what Euro style austerity inflicts on an … Read More

Posted in Euro zone Crisis, GDP, General Economics, IMF, Interest rates, Quantitative Easing and Extraordinary Monetary Measures, Ratings agencies, Tax, Yield | Tagged , , | 13 Comments

What Latvia’s experience tells us about what Greece and Portugal can expect next

Friday saw an interesting development which touched on a subject relevant to the economic pain being suffered in Greece and Portugal right now. This came from the announcement below by the International Monetary Fund. Latvia today made an early repayment … Read More

Posted in Euro zone Crisis, GDP, General Economics, Greek Financial Crisis, IMF | 12 Comments

Portugal’s government presses the economic self-destruct button

Today the Portuguese government will receive the details of the latest troika (IMF,ECB,European Commission) or men in black review of their economy. There is little or no danger of them concluding that Portugal is not doing her best to hit the … Read More

Posted in Euro zone Crisis, GDP, General Economics, IMF, Recession | 24 Comments

Wasn’t Portuguese economic competitiveness supposed to improve not worsen?

Over the past 2/3 years the Iberian peninsular has emerged as a considerable problem for the Euro area. Whilst Spain often attracts headline news in the media its neighbour Portugal attracts less attention. However there are deepening problems for Portugal and … Read More

Posted in Euro zone Crisis, General Economics, IMF, Recession | 16 Comments
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