Articles Tagged “imf”

  • greece, eurozone, debt

    This is currently a hot topic

    Greece Battles for Democracy and Survival

    by Chris Kanthan on May 17, 2012 | 23 Comments

    Greece’s unemployment rate is 25 percent – and for people under the age of 25, it’s 50 percent. In the last three years, the stock market is down 90 percent, average wages are down 40 percent, and GDP is down 20 percent. It’s no wonder suicide, homelessness and crime rates are going through the roof.

    Posted in Opinion, Politics

  • Why Did Baby Doc Duvalier Return to Haiti?

    by Ralph E. Stone on Jan 18, 2011 | 3 Comments

    In 1991, five years after Baby Doc fled, Haitians elected a priest, Jean-Bertrand Aristide, who resisted the IMF’s austerity dictates. Within months, the military, with a wink and a nod from George HW Bush, deposed him. In 2004, after Aristide was re-elected President, he was kidnapped and removed again with a wink and nod, this time, from George W. Bush. He is now in exile in South Africa. As a simple matter of justice, we owe Haiti billions, not just the $1.5 billion promised by President Obama. We helped break it, therefore we must fix it.

    Posted in Opinion, Politics