Category Archives: Viva!
Democratic National Committee Summer Meeting & the 2016 Presidential Candidates
What Egypt can learn from Lebanon’s “You Stink” campaign
Sports Euphoria, a Non-Hackathon, Gangsterish Non-Gangs and Crazy Motorbike Riders: Saturday, August 29, 2015
Usain Bolt Secures 11th World Championships Gold
India this week in picture
Artists making clay idols of Lord Ganesha ahead of Ganesh Chaturthi, at a studio in Kolkata. (Photo: PTI) source: thequintcom
Source: India this week in picture
romanian pottery
Source: romanian pottery
Yaqui Leader Fernando Jiménez Released From Prison Vows to Continue Opposition to Independence Aqueduct
The Nature of the Beast
Source: The Nature of the Beast
IMF changing tack on Greece | Europe | DW.COM | 30.08.2015

The IMF now has access to approximately 300 billion dollars. “Even if crises erupt elsewhere, the IMF’s involvement in Greece would not prevent the IMF from awarding emergency loans elsewhere,” he says. “There is no competition for funds.” What are sustainable debts? Kaiser thinks a haircut for Greece is still possible, even though the IMF will be involved in the third bailout package. “They have bought themselves a little bit of time. Until the next deadline,” he reckons. The programs that Athens must now implement are based on the same “illusory figures that have been forced on the country the past five years.” The IMF and the ESM, the European Stability Mechanism, came closer when the controversy over the definition of debt sustainability broke out this week. Now, the debt amount itself is not decisive, but the servicing of debt, instead. Europe’s lenders claim to have given Athens the best conditions possible to service its debt to the IMF, argues the ESM. Langhammer considers the changed approach long overdue. “The sky may fall in on Greece, but Greece will continue to exist as a state. A country is an infinite investment object,” he says and adds, “Economically, it is complete nonsense to think that a country will pay back its debts. It is more important that a country is able to meet its interest payment obligations on a regular basis.”
Source: IMF changing tack on Greece | Europe | DW.COM | 30.08.2015








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