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Spirit of Contradiction

offsite link Fake News: The Epistemology of Media Wed Jun 07, 2017 11:52 | Gavin Mendel-Gleason

offsite link Officials and Provisionals Sat Apr 01, 2017 22:54 | James O'Brien

offsite link Interview with Cathal Goulding Mon Dec 26, 2016 17:11 | Cathal Goulding

offsite link Trump, Russia and the CIA Sat Dec 10, 2016 18:23 | Gavin Mendel-Gleason

offsite link Why is my rent so high? Mon Oct 31, 2016 18:51 | Gavin Mendel-Gleason

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Public Inquiry
Interested in maladministration. Estd. 2005

offsite link RTE: Blatant censorship and manipulation of news

offsite link In the event of a terrorist attack…in Ireland Anthony

offsite link Gemma Hussey: Fine Gael’s Marie Antoinette Anthony

offsite link Gardai under pressure from PAC Anthony

offsite link Fitzpatrick decision: A Banana Republic decision Anthony

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The Saker
A bird's eye view of the vineyard

offsite link Moveable Feast Cafe 2017/06/25 ? Open Thread Sun Jun 25, 2017 06:00 | Herb Swanson
2017/06/25 05:00:01Welcome 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

offsite link Russia SITREP June 25, 2017 Sun Jun 25, 2017 05:46 | Scott
by Scott Humor I find an argument that Putin rules America to be ridiculous. If it were true, the U.S. would have paid most of it sovereign debt while employing

offsite link Syrian War Report ? June 23, 2017: Army Regaining More Ground Near Palmyra Sat Jun 24, 2017 00:08 | Scott
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offsite link NY Times: Are Little China Girls Ever Gonna Fall for Modern Love? Fri Jun 23, 2017 17:27 | The Saker
by Ramin Mazaheri I was flying from New York to Silicon Valley on the ?Job Creators? Red Eye?, and I had a chance to catch up on some foreign cultural

offsite link Kalibr cruise missiles strikes on ISIS targets in Syria by the Russian Navy Fri Jun 23, 2017 08:33 | Scott
    On June 23, Russian Ministry of Defense reported missile strikes against the IS (Islamic State) in Syria The official statement in Russian. The missiles were launched from Russian

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Human Rights in Ireland
www.humanrights.ie

offsite link Ireland?s Failing Abortion Law: Statutory Interpretation, Human Rights and the Detention of Pregnant... Tue Jun 13, 2017 17:08 | admin

offsite link RIA Conference on Human Rights and the Social Sciences, June 22nd. Thu Jun 01, 2017 16:59 | admin

offsite link Asylum Seekers and the Right to Work: The Supreme Court Decision Tue May 30, 2017 15:06 | Liam Thornton

offsite link Human Rights-Based Integration Policy and the New ?Migrant Integration Strategy? Fri Apr 28, 2017 12:33 | Cliodhna Murphy

offsite link The Citizens Assembly Proposals: A Draft Bill Tue Apr 25, 2017 20:42 | admin

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IMF World Economic Outlook: Economy Improves for Some as Inequality Persists

category international | anti-capitalism | press release author Thursday April 10, 2014 16:45author by Arielle Retrosi Report this post to the editors

Debt Restructuring Process Discussed by IMF and G20

The IMF released the World Economic Outlook Report ahead of the annual IMF meetings. The report forecasts improvement for several advanced and emerging economies, including the United States, but notes that the recovery is uneven and vast inequality still continues. One of the principle issues the report reviews is how sustainable the debt loads are for both G20 and developing countries.

"The IMF acknowledges that investors are still concerned with unsustainable debt loads in developing economies," noted Eric LeCompte, Executive Director of Jubilee USA Network, a religious coalition focused on the impacts of the financial crisis on poor people. "It doesn't take a rocket scientist to know what the IMF reports. In a post financial crisis world, the rich have gotten richer and more people have been pushed into extreme poverty."

Over the last year the G20 has vigorously debated how to deal with unsustainable country debts and speculative investments, root causes of the global financial crisis. One year ago in Washington, G20 Financial Ministers discussed the possibility of an international sovereign bankruptcy process in order to provide stability in the international financial system. The IMF staff also released a paper ahead of last year's meetings which explored aspects of the process. Last fall during the St. Petersburg Summit, G20 heads of state discussed the process and invited the IMF to continue to review debt sustainability and debt issues. IMF staff continue to explore the process.

"The G20 and the IMF are asking will we be prepared twelve years from now when the next regional or global financial crisis hits," shared LeCompte. "It's tremendously exciting that global decision makers are reviewing these possibilities. An international bankruptcy process for countries provides international stability and predictability."

Sustainable debts is a theme of this year's annual IMF meetings. Jubilee USA, Jubilee Germany and Friedrich-Ebert-Stiftung New York Office have organized a high level panel during the meetings to focus on how debt sustainability impacts people living in extreme poverty. Policymakers, Finance Ministers and Sovereign Debt Lawyers will discuss debt sustainability and an international bankruptcy process for countries.

"One out of five people are living in extreme poverty. We can't solve inequality without solving unsustainable country debts," said LeCompte

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