Tag Archive for International Monetary Fund

Argentina v. the Hedge Funds

Paul Singer, principal of Elliott Management at the Annual Meeting 2013 of the World Economic Forum in Davos, Switzerland, Jan. 23, 2013. (Copyright by World Economic Forum. swiss-image.ch/Photo Remy Steinegger)

Exclusive: A battle between Argentina and U.S. hedge funds, which gambled on the country’s defaulted bonds, is raising questions about how far U.S. courts can go in requiring governments to pay and whether developing nations can defy the U.S.-dominated financial system, reports Andrés Cala.

A People’s War in East Ukraine

Burning vehicles on the streets of Kramatorsk, Ukraine. (Screen shot from RT video)

Ukraine’s Western-backed coup regime in Kiev has launched an offensive against ethnic Russians in the east while a pro-regime mob used fire to kill some 31 anti-regime protesters in Odessa. Virtually all U.S. pundits favor the coup regime, but Daniel Patrick Welch offers a different view of the conflict

Ukrainians Get IMF’s Bitter Medicine

Ukraine's acting Prime Minister Arseniy Yatsenyuk. (Photo credit: Ybilyk)

Exclusive: Though lacking legitimacy from national elections, Ukraine’s coup regime has approved a harsh IMF austerity plan that hits Ukraine’s “99 percent” the hardest and asks little from the country’s “1 percent,” including the corrupt “oligarchs,” reports Robert Parry.

Spanish Protests Lose Their Way

The popular protests across Spain gave voice to national indignation over the political/economic system, but the result of regional elections was only to shift power from the Socialists to the center-right Partido Popular. Spanish writer Pablo Ouziel says that outcome should prompt some self-reflection among radical groups that seized control of the uprising.