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	<title>Global Crisis News</title>
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	<description>Headlines from around the globe!</description>
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		<title>Trans-Pacific Partnership outside WTO and without China</title>
		<link>http://www.globalcrisisnews.com/comments/trans-pacific-partnership-outside-wto-and-without-china-2097/</link>
		<comments>http://www.globalcrisisnews.com/comments/trans-pacific-partnership-outside-wto-and-without-china-2097/#comments</comments>
		<pubDate>Tue, 20 Dec 2011 19:24:27 +0000</pubDate>
		<dc:creator>Raul de Sagastizabal</dc:creator>
				<category><![CDATA[Comments]]></category>
		<category><![CDATA[Doha Round]]></category>
		<category><![CDATA[Eurasian Union]]></category>
		<category><![CDATA[European Union]]></category>
		<category><![CDATA[news]]></category>
		<category><![CDATA[policy]]></category>
		<category><![CDATA[trade]]></category>
		<category><![CDATA[World Trade Organization]]></category>

		<guid isPermaLink="false">http://www.globalcrisisnews.com/?p=2097</guid>
		<description><![CDATA[The World Trade Organization (WTO) has failed. In December, the Doha Round is turning ten years old, with nothing to celebrate[i]. Formal negotiations of the Round expired in 2005, without any agreement, and informal negotiations stalled in 2008. Indications in December too were that an agreement to liberalize trade among its 153 member countries was eluding. [...]]]></description>
		<wfw:commentRss>http://www.globalcrisisnews.com/comments/trans-pacific-partnership-outside-wto-and-without-china-2097/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
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		<title>Revolutions are Revolting</title>
		<link>http://www.globalcrisisnews.com/comments/revolutions-are-revolting-2093/</link>
		<comments>http://www.globalcrisisnews.com/comments/revolutions-are-revolting-2093/#comments</comments>
		<pubDate>Fri, 09 Dec 2011 18:00:59 +0000</pubDate>
		<dc:creator>Michael Walsh</dc:creator>
				<category><![CDATA[Comments]]></category>
		<category><![CDATA[Europe]]></category>
		<category><![CDATA[Goldman Sachs]]></category>
		<category><![CDATA[Greece]]></category>
		<category><![CDATA[Ireland]]></category>
		<category><![CDATA[Libya]]></category>
		<category><![CDATA[Luca Papademos]]></category>
		<category><![CDATA[Marc Draghi]]></category>
		<category><![CDATA[Mario Monti]]></category>
		<category><![CDATA[NATO]]></category>
		<category><![CDATA[news]]></category>
		<category><![CDATA[Otmar Issing]]></category>
		<category><![CDATA[Peter Sutherland]]></category>
		<category><![CDATA[revolutions]]></category>
		<category><![CDATA[Russia]]></category>
		<category><![CDATA[Silvio Berlusconi]]></category>
		<category><![CDATA[Syria]]></category>

		<guid isPermaLink="false">http://www.globalcrisisnews.com/?p=2093</guid>
		<description><![CDATA[Revolutions are rarely what they appear to be. There was precious little Russian participation in the Russian Revolution. Let’s instead call it what it was; the hijacking of a nation by mostly non-Russian armed insurrectionists bankrolled by Wall Street. When you can’t buy a government either declare war on it or overthrow it. Slavery comes [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Argentina: The vulture funds</title>
		<link>http://www.globalcrisisnews.com/politics/argentina-the-vulture-funds-2091/</link>
		<comments>http://www.globalcrisisnews.com/politics/argentina-the-vulture-funds-2091/#comments</comments>
		<pubDate>Mon, 28 Nov 2011 20:57:54 +0000</pubDate>
		<dc:creator>Raul de Sagastizabal</dc:creator>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[Anne Krueger]]></category>
		<category><![CDATA[Argentina]]></category>
		<category><![CDATA[Elliot Associates Inc]]></category>
		<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[IMF]]></category>
		<category><![CDATA[news]]></category>
		<category><![CDATA[Peru]]></category>
		<category><![CDATA[vulture fund]]></category>

		<guid isPermaLink="false">http://www.globalcrisisnews.com/?p=2091</guid>
		<description><![CDATA[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 funds in the following terms [...]]]></description>
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		<title>Don&#8217;t Panic, Don&#8217;t Panic Just Yet</title>
		<link>http://www.globalcrisisnews.com/europe/dont-panic-dont-panic-just-yet-2086/</link>
		<comments>http://www.globalcrisisnews.com/europe/dont-panic-dont-panic-just-yet-2086/#comments</comments>
		<pubDate>Mon, 28 Nov 2011 20:45:04 +0000</pubDate>
		<dc:creator>Michael Walsh</dc:creator>
				<category><![CDATA[Europe]]></category>
		<category><![CDATA[collapse]]></category>
		<category><![CDATA[Costas]]></category>
		<category><![CDATA[euro]]></category>
		<category><![CDATA[expats]]></category>
		<category><![CDATA[news]]></category>
		<category><![CDATA[panic]]></category>
		<category><![CDATA[riots]]></category>
		<category><![CDATA[social unrest]]></category>
		<category><![CDATA[spain]]></category>

		<guid isPermaLink="false">http://www.globalcrisisnews.com/?p=2086</guid>
		<description><![CDATA[Channel 4 TV was not irresponsible when it set out a ‘what if’ scenario should the collapse of the euro in an EU member state trigger a chain reaction leading to the currency’s collapse. Certainly it is speculative but that is healthy. Speculation always precedes wars and economic collapse. We should not be taken unawares, [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Euro crisis: It is time for European debt restructuring. Will Europe dare to undertake it?</title>
		<link>http://www.globalcrisisnews.com/europe/euro-crisis-it-is-time-for-european-debt-restructuring-will-europe-dare-to-undertake-it-2082/</link>
		<comments>http://www.globalcrisisnews.com/europe/euro-crisis-it-is-time-for-european-debt-restructuring-will-europe-dare-to-undertake-it-2082/#comments</comments>
		<pubDate>Thu, 27 Oct 2011 19:07:37 +0000</pubDate>
		<dc:creator>Raul de Sagastizabal</dc:creator>
				<category><![CDATA[Europe]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[crisis]]></category>
		<category><![CDATA[debt]]></category>
		<category><![CDATA[EFSF]]></category>
		<category><![CDATA[euro]]></category>
		<category><![CDATA[Germany]]></category>
		<category><![CDATA[Greece]]></category>
		<category><![CDATA[IMF]]></category>
		<category><![CDATA[news]]></category>

		<guid isPermaLink="false">http://www.globalcrisisnews.com/?p=2082</guid>
		<description><![CDATA[Euro-zone weights a new plan to face the crisis, which will be discussed during the Brussels European Summit, and for which Europe expects to receive support from their G-20 colleagues, in the next Group meeting, which will take place on November 3 and 4 in Cannes, France. The plan comes after strong demands from the [...]]]></description>
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		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>The Arms Industry Will be Pleased</title>
		<link>http://www.globalcrisisnews.com/world/the-arms-industry-will-be-pleased-2076/</link>
		<comments>http://www.globalcrisisnews.com/world/the-arms-industry-will-be-pleased-2076/#comments</comments>
		<pubDate>Sun, 16 Oct 2011 16:57:00 +0000</pubDate>
		<dc:creator>Michael Walsh</dc:creator>
				<category><![CDATA[World]]></category>
		<category><![CDATA[Afghanistan]]></category>
		<category><![CDATA[BP]]></category>
		<category><![CDATA[ExxonMobil]]></category>
		<category><![CDATA[Iraq]]></category>
		<category><![CDATA[Military]]></category>
		<category><![CDATA[news]]></category>
		<category><![CDATA[oil]]></category>
		<category><![CDATA[U.S.]]></category>
		<category><![CDATA[war]]></category>

		<guid isPermaLink="false">http://www.globalcrisisnews.com/?p=2076</guid>
		<description><![CDATA[Of recent there have been reams of newsprint devoted to the 10th anniversary of the U.S. invasion of Afghanistan; and its cost, not the least in human lives. Who profits is to be found in the small print. With escalating violence tearing that nation apart it clearly isn’t a case of ‘mission accomplished’ just yet; [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The IMF Cultures &#8211; Is time ripe to abandon the IMF?</title>
		<link>http://www.globalcrisisnews.com/europe/the-imf-cultures-is-time-ripe-to-abandon-the-imf-2074/</link>
		<comments>http://www.globalcrisisnews.com/europe/the-imf-cultures-is-time-ripe-to-abandon-the-imf-2074/#comments</comments>
		<pubDate>Sat, 15 Oct 2011 09:47:28 +0000</pubDate>
		<dc:creator>Raul de Sagastizabal</dc:creator>
				<category><![CDATA[Europe]]></category>
		<category><![CDATA[government]]></category>
		<category><![CDATA[IEO]]></category>
		<category><![CDATA[IMF]]></category>
		<category><![CDATA[news]]></category>

		<guid isPermaLink="false">http://www.globalcrisisnews.com/?p=2074</guid>
		<description><![CDATA[By Raul de Sagastizabal &#160; Hedging behaviour, a high degree of groupthink, intellectual capture, a general mind-set that excludes contrary views, fiefdom battles, inadequate analytical approaches, and lack of accountability should make governments ask themselves whether the time has not come to withdraw their support for the IMF. &#160; The IMF Independent Evaluation Office (IEO) published on [...]]]></description>
		<wfw:commentRss>http://www.globalcrisisnews.com/europe/the-imf-cultures-is-time-ripe-to-abandon-the-imf-2074/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>IMFs Forecast Mistakes are not Trivial</title>
		<link>http://www.globalcrisisnews.com/europe/imfs-forecast-mistakes-are-not-trivial-2069/</link>
		<comments>http://www.globalcrisisnews.com/europe/imfs-forecast-mistakes-are-not-trivial-2069/#comments</comments>
		<pubDate>Mon, 03 Oct 2011 08:04:46 +0000</pubDate>
		<dc:creator>Raul de Sagastizabal</dc:creator>
				<category><![CDATA[Europe]]></category>
		<category><![CDATA[Christine Lagarde]]></category>
		<category><![CDATA[double dip]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[Greece]]></category>
		<category><![CDATA[IMF]]></category>
		<category><![CDATA[International Monetary Fund]]></category>
		<category><![CDATA[news]]></category>
		<category><![CDATA[Olivier Blanchard]]></category>
		<category><![CDATA[recession]]></category>

		<guid isPermaLink="false">http://www.globalcrisisnews.com/?p=2069</guid>
		<description><![CDATA[The storm that threatens the global economy has been raging ever since the toxic assets crisis started five long years ago. That crisis has not ended, or receded, but transformed into multiple crises: from fiscal deficit and sovereign debt to poverty, unemployment and the rise in food and fuel prices. Nevertheless, the International Monetary Fund [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>United Kingdom Proposes an Unprecedented Banking Reform</title>
		<link>http://www.globalcrisisnews.com/europe/united-kingdom-proposes-an-unprecedented-banking-reform-2067/</link>
		<comments>http://www.globalcrisisnews.com/europe/united-kingdom-proposes-an-unprecedented-banking-reform-2067/#comments</comments>
		<pubDate>Sun, 02 Oct 2011 20:04:07 +0000</pubDate>
		<dc:creator>Raul de Sagastizabal</dc:creator>
				<category><![CDATA[Europe]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[Brtiain]]></category>
		<category><![CDATA[George Osborne]]></category>
		<category><![CDATA[ICB]]></category>
		<category><![CDATA[John Vickers]]></category>
		<category><![CDATA[news]]></category>
		<category><![CDATA[retail banks]]></category>
		<category><![CDATA[UK]]></category>

		<guid isPermaLink="false">http://www.globalcrisisnews.com/?p=2067</guid>
		<description><![CDATA[The United Kingdom proposes to reform its internal banking system and split the retail bank from the investment bank. The Independent Commission on Banking (ICB)[i] has just presented[ii] its report concerning the banking sector’s reform. The ICB was created by the British Government on June 2010 with the task of considering possible structural and non-structural [...]]]></description>
		<wfw:commentRss>http://www.globalcrisisnews.com/europe/united-kingdom-proposes-an-unprecedented-banking-reform-2067/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Dark Clouds over the Global Economy</title>
		<link>http://www.globalcrisisnews.com/world/dark-clouds-over-the-global-economy-2065/</link>
		<comments>http://www.globalcrisisnews.com/world/dark-clouds-over-the-global-economy-2065/#comments</comments>
		<pubDate>Wed, 24 Aug 2011 11:48:11 +0000</pubDate>
		<dc:creator>Raul de Sagastizabal</dc:creator>
				<category><![CDATA[World]]></category>
		<category><![CDATA[china]]></category>
		<category><![CDATA[debt]]></category>
		<category><![CDATA[dollar]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[Europe]]></category>
		<category><![CDATA[Markets]]></category>
		<category><![CDATA[news]]></category>
		<category><![CDATA[oil]]></category>
		<category><![CDATA[OPEC]]></category>
		<category><![CDATA[recession]]></category>
		<category><![CDATA[Russia]]></category>
		<category><![CDATA[turmoil]]></category>
		<category><![CDATA[United States]]></category>

		<guid isPermaLink="false">http://www.globalcrisisnews.com/?p=2065</guid>
		<description><![CDATA[By Raul de Sagastizabal The downgrade of American bonds along with the problems of the European over-indebtedness increases the fear of a recession or a sharp slowdown in the global economy. Much of the market turmoil responds to the fear of investors, who facing a recession scenario go in pursuit of safer currencies and assets. [...]]]></description>
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		<slash:comments>0</slash:comments>
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