Interested in maladministration. Estd. 2005
Broadcaster George Hook accuses politicians of tax evasion
The toxic link between police and politics Anthony
The cesspool that is Irish politics Anthony
Finian McGrath cashes in his principles Anthony
Vincent Browne: Blind to what’s coming down the road Anthony
Public Inquiry >>
A bird's eye view of the vineyard
Kiev Junta?s victims sue Ukraine for hundreds of millions in ECHR, by Scott Tue May 24, 2016 23:50 | Scott
Ukraine SITREP May 25, 2016 Since the beginning of the week the biggest news has been information released by Vladimir Markin, Head of Media Department of the Investigative Committee
International Military Review ? Syria & Iraq, May 24, 2016 (+ funny article!) Tue May 24, 2016 18:00 | The Saker
https://southfront.org/international-... Addendum: check out this funny article too: https://southfront.org/southfront-is-... Note by the Saker: as a longtime wannabe “Putin agent” I am jealous of SouthFront! Considering the superb performance of the
Moveable Feast Cafe 2016/05/24 ? Open Thread Tue May 24, 2016 15:00 | Herb Swanson
2016/05/24 14:00:02Welcome to the ‘Moveable Feast Cafe’. The ‘Moveable Feast’ is an open thread where readers can post wide ranging observations, articles, rants, off topic and have animate discussions of
Beware what you wish for: Russia is ready for war Tue May 24, 2016 14:52 | The Saker
by Pepe Escobar for RT So foreign ministers from the 28 NATO member-nations met in Brussels for a two-day summit, while mighty military power Montenegro was inducted as a new
International Military Review ? Syria, May 23, 2016 Tue May 24, 2016 04:23 | The Saker
The Saker >>
Minority Government, Human Rights, and the Opportunity for Constitutional Dialogue Fri May 06, 2016 11:36 | Ntina Tzouvala
Intensifying the glare of the United Nations? spotlight Wed May 04, 2016 06:46 | GuestPost
PhD studentships at DCU Fri Apr 29, 2016 17:15 | Eoin Daly
The Role of Sport in the Recognition of Transgender and Intersex Rights Mon Apr 11, 2016 10:54 | Eoin Daly
Call for Papers: ?International and Comparative Law in the 21st Century: Lessons learned?? Wed Mar 23, 2016 17:58 | GuestPost
Human Rights in Ireland >>
For lefties too stubborn to quit
IBEC and its critics 17:42 Tue May 24, 2016 | WorldbyStorm
Fear of an election? 12:30 Tue May 24, 2016 | WorldbyStorm
Water wars? 10:00 Tue May 24, 2016 | guestposter
Greece? again. 07:49 Tue May 24, 2016 | WorldbyStorm
Statement from Work Must Pay Campaign 21:04 Mon May 23, 2016 | guestposter
Cedar Lounge >>
“IMF is dead, a walking dead” - FDC
Tuesday November 20, 2012 13:52 by Freedom from Debt Coalition (FDC)
MANILA, Philippines – As the first female chief of the International Monetary Fund (IMF) visited the country for the first time and met with Pres. Benigno S. Aquino III Friday morning, debt watchdog Freedom from Debt Coalition staged a protest near the Malacañan Palace, in solidarity with the peoples of the Eurozone.
“For FDC, the IMF is dead, a walking dead,” said the group’s president, Ricardo Reyes. “The sooner we bury this economic zombie, the better for the economies and the peoples of the world.”
IMF Managing Director Christine Lagarde arrived Thursday afternoon and met with the President Friday, ostensibly to solicit insights on how to solve the Eurozone economic crisis and also to advise the Philippine government to rationalize tax incentives granted to business. She is in the country as part of a visit to Southeast Asia. She is also scheduled to attend a meeting of ASEAN nations in Cambodia early next week.
In a statement, FDC said that Lagarde’s coming and her reception by the Philippine government evokes a surreal scene. “This institution has been widely dismissed as monstrous failure to stabilize the global financial system and as a wrecker of developing economies,” it said.
“No amount of persuasion and distortion of history can redeem the IMF from its pathetic track record – its failure to predict many crises of regional and global impacts, including the US financial crisis; its counterproductive prescriptions to such crises, and its policy conditionalities to its loans to many developing countries, like the Philippines, which drove them deeper into debt and maldevelopment. For all these reasons, the IMF should have long been consigned to oblivion and death,” FDC said.
“But no, the G-20, especially the G-7 masters of global finance capitalism has artificially resuscitated it with a new mission: to push for the same old rotten prescriptions of monetary tightening and fiscal contraction or austerity measures, this time, in Eurozone countries in crisis while promoting countercyclical macroeconomic policies like expansionary spending and investments to counter the recession in the US and Western Europe,” added FDC.
“We, Filipinos, were once victims and, until now, suffer the grave consequences of the structural adjustment programs (SAPs) imposed by the IMF on us in the 1980s. Now, we witness once again the grave consequences of IMF’s recycled mantra, as our fate will be the same fate of the peoples of the Eurozone under the IMF’s direction. Massive cuts in public spending and the negative multiplier effects they generate have led to massive unemployment and collapse of social services. Consequently, this will result in intensifying global inequality between the North and the South, and between the 99% of the North and their super, super-rich elites,” FDC said.
“We, in FDC, join the peoples of the Eurozone who are currently on strike. The IMF should not be permitted to spread socioeconomic diseases through its vile, anti-people and neoliberal policies here in the Philippines, or in the Eurozone, or in any other country,” FDC said.