Argentina: The vulture funds
In 2002, Anne Krueger, First Deputy Managing Director of the International Monetary Fund (IMF), floated the idea that countries can go bust, advanced her opinion about a possible international mechanism of sovereign debt restructuring, and when considering the obstacles to an orderly debt restructuring, explicitly mentioned the behaviour of vulture More...
Putin Proposes Trade-Free Zone from Lisbon to Vladivostok
In a commentary published in Germany’s Sueddeutsche Zeitung, Russian Prime Minister Vladimir Putin proposed a stronger integration of economic ties between the European Union and Russia that would ideally More...
Ahmadinejad Condemns World Powers
Iran’s Fars News Agency reports that Iranian President Mahmoud Ahmadinejad has strongly criticized world powers for “mismanaging the world affairs,” adding that “their wrongdoings have created More...
EU Leaders should listen to their people, says Ahmadinejad
According to Fars news agency, Iranian President Mahmoud Ahmadinejad has offered Europe a hand in implementing democracy. Referring to the protests and demonstrations in Europe in general and the social unrest in More...
Peace returns to Bangkok, but will democracy survive in Thailand?
Peace was returning to Bangkok, the battered Thai capital on Friday. But as many as 40 buildings were damaged, 15 people dead and 100 injured, and the losses due to the carnage estimated to be around $1.5 billion, More...
The ultimate – The UN hops onto the New Multilateralism bandwagon
Raúl de Sagastizabal International Consultant, Montevideo: The international financial agencies reform bids have now been supplemented by an United Nations overhauling initiative. Additional resources, tougher More...
G-20 get together to tackle global crisis
Finance ministers and central bankers from the 20 countries making up the G-20 have completed a two-day gathering in Britain to discuss the global financial crisis. More...
Brown holds talks with Barack Obama
British Prime Minister will hold talks today with U.S. President Barach Obama More...
Obama on the global crisis
The Guardian reports that Obama has named his economic crisis team. Only a few days after being elected as the first Black President of the USA, Barack Obama announces his team of 17 members that will help him More...
