Christine Lagarde, managing director of the International Monetary Fund (IMF), sees no alternative to the strict austerity …
IMF
What Can You Do To Help Greece? Go There
It now appears that Greece will once again be bailed out of its financial morass. A year ago at this time, the world was roiled by the prospect of Greece defaulting on its considerable debts, and only the reluctant decision of …
Europe or Asia: Who Should Take Over the IMF?
Amid the hubbub over Dominique Strauss-Kahn’s sex scandal, emerging market countries have made it clear they want his successor to come from one of their countries. This would end the outdated “gentleman’s agreement” between the U.S. and Europe that guaranteed a European would take the slot of managing director, and an American …
Will Strauss-Kahn’s Fall Lead to the Dollar’s Decline?
There’s a lot of talk about what Dominique Strauss-Kahn’s arrest for sexually assaulting a maid means for the eurozone crisis. Less attention has gone to the fate of another project close to DSK’s heart: weaning the global financial system off of the U.S. dollar. DSK had been a vocal proponent of using the IMF’s de-facto currency, the …
Let the Great Rebalancing Begin
Ever since every two-bit financial commentator on the planet started complaining that, a year after the start of last year’s financial crisis, almost nothing had been done to prevent the next one, reform trial balloons have been floating skyward. There was the Fed’s pay-regulation scheme, the SEC’s new credit-rating-agency rules, Chris …
