bailout

The IMF total contribution to the European rescue fund is not a solid one. That is, the IMF responds to country-by-country requests for aid, not to regions. Thus, the IMF really does not have EUR250 bln set aside just for Europe.…

Which economy might then be the second most rapidly ageing economy in the world? Right, you guessed it: Germany! The question which seems to whisper in the wind is just how Germany is going to be able to shoulder all those bailouts when the…

Marshall Auerback argues that despite a 'blame-a-thon' on Ireleand, Germans banks are really at the core of the eurozone catastrophe.

The 30-year campaign of the wealthy to rig our economic system – especially the tax component – for their own benefit will accelerate with the GOP capture of the House of Representatives and the likely capture of the presidency and Senate…

Here's a great graphic on the Irish bailout, quantifying the exposure of foreign banks to Ireland as well as the pots of money from which the 85 billion euros for the Irish bailout is coming. My understanding about the ' funds which Ireland…

by Win Thin Details of Ireland’s four-year budget plan are emerging and it contains the expected mix of spending cuts and tax hikes that is needed to get IMF/EU aid.  Ireland did not bow to outside pressure to hike the corporate tax…

I am still in catch-up mode this morning but I wanted to highlight a few points on the Irish bailout. The first has to do with the European stress tests. If you recall, the two Irish banks tested were Bank of Ireland and Allied Irish…

From Irish Government The Government today agreed to request financial support from the European Union and the Euro Area Members States. The IMF will also be requested to assist in the provision of support. The Government welcomes…

by Claus Vistesen The Eurozone seems to be the place where the party never ends these days, as one skeleton after the other comes rattling out of the closet. Indeed, one has the impression that history is in the making right now; and the…

Originally published at www.CounterPunch.org. by Pam Martens On the President’s first day in office on January 21, 2009, he issued an Open Government memo promising the American people a new era of transparency. On March 19, 2009, under…