Category Archives: IMF

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 | 15 Comments

Greece had better get prepared for bailout 3.0

The situation in Greece looks as though it is about to heat up again and I am not referring to the heatwave which has driven temperatures above 40 degrees. Regular readers will be aware that I was always worried that … Read More

Posted in Debt, Euro zone Crisis, General Economics, Gilts, Greek Financial Crisis, IMF, Quantitative Easing and Extraordinary Monetary Measures, UK Inflation Prospects and Issues | 14 Comments

Hollande and the French fairyland of ‘happily ever after’

One can easily understand why voters vote for politicians who cut the retirement age and promise the poorer half of the population that the State will love and nurture them forever. This is the perennial appeal of socialism in our … Read More

Posted in Debt, Euro zone Crisis, Financial crisis, GDP, IMF, Regulation | Leave a comment

IMF turns euro skeptic: beginning of the end?

The IMF‘s job, in its Article IV country reports, is to fact find, then tell things like they are with a view to making recommendations to promote financial stability and growth. That being the case, its latest report on the … Read More

Posted in Euro zone Crisis, IMF | Leave a comment
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