Tag Archives: IMF
| IMF announces renminbi in Special Drawing Rights starting on October 1
By CHEN WEIHUA
The International Monetary Fund (IMF) announced on Friday that its Special Drawing Rights basket of currencies will for the first time include the renminbi (RMB) as of Oct 1, the start of China’s National Day holiday.
| The unions are outraged: IMF brought Ukrainians to poverty
July 6, All-Ukrainian protest march against the increase in gas prices and utility tariffs was organized in Ukraine. The organizer of the march was the Federation of Trade Unions of Ukraine. Thousands of people in major cities took to the protest. Representatives of several political parties joined for trade unions. In the Ukrainian capital Kiev the march was held under the slogan “European prices – the European salaries.” Organizers had in mind that the tariffs in Ukraine are now the same as in Western Europe, but salaries are still very low.
In Kiev, the marchers gathered outside the university and have passed through the city center to the parliament building and government. There were clashes between demonstrators and police near Government House. The demonstrators tried to block the street, but the police abruptly stopped the attempt.
According the government’s decision prices for heating, hot water and gas have nearly doubled since July 1. This decision was taken under pressure from the IMF. IMF demanded to increase prices and blackmailed Kiev with refusal to grant new loans.
France in the streets: against the government and the EU
If you want to understand what the EU is, then look at its intervention today – teargas on the streets of French cities, argues Kevin Ovenden
There is a ferocious battle taking place in France to defend workers’ rights and wages against the new labour law. It pits working people and youth against the government. The government of Francois Hollande is implementing the new law, and the employers are demanding that the government goes even further. If you want to understand what the EU is, then look at its intervention today – with teargas on the streets of French cities and mass strikes planned for the rest of the week. It has published its Spring Reports and Recommendations for each of the 28 EU countries.
| SYRIZA, the IMF and the EU: Gambling with the future of Greece
by Daniel Munevar , Costas Lapavitsas
An impossible agreement
The latest flare up regarding Greece has followed publication by Wikileaks of illegally taped discussions among IMF officials. To analyse the significance of this event it is vital to bear one point in mind: Greece cannot meet the terms of the bailout agreement struck on July 2015 by Prime Minister, Alexis Tsipras. The agreement is effectively dead and all parties involved are aware of that, even if they are not openly admitting it.
| Global capital puts an ulimatum to Ukraine
“Bloomberg” editorial has issued striking analysis of Ukraine’s future. Global capital is not satisfied with reforms conducted in this country. Here is the full text:
The International Monetary Fund has threatened to cut off aid to Ukraine unless the government finally cracks down on corruption. It’s the right message, and the fund should be prepared to follow through if President Petro Poroshenko fails to deliver.
