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The Saker
A bird's eye view of the vineyard

offsite link Belarus March 2017 SITREP Sun Mar 26, 2017 00:49 | Scott
I haven’t written much about Belarus, and many reliable analysts also have been careful not to say anything, because everyone understood that Belarus would be next to be hit by

offsite link Israeli Airstrikes Contribute To Further Escalation Of Syrian Conflict Sat Mar 25, 2017 15:44 | Scott
https://southfront.org/israeli-airstr... If you?re able, and if you like our content and approach, please support the project. Our work wouldn?t be possible without your help: PayPal: southfront@list.ru or via: http://southfront.org/donate/ or

offsite link Could the fire at the Europe?s largest munitions depot be Ben Hodges?s fault? Sat Mar 25, 2017 01:30 | Scott
After hitting rock bottom will Ukraine begin to rise again? Hitting a rock bottom can be very educational, as I found out this week. After I dropped a piece of

offsite link Speech of Lavrov at the Military Academy of the General Staff Fri Mar 24, 2017 18:00 | Scott
  Foreign Minister Sergey Lavrov?s remarks and answers to questions during a lecture for senior officers of the Military Academy of the General Staff, Moscow, March 23, 2017 23 March

offsite link Balakleya munitions depot disaster Ukraine SITREP Thu Mar 23, 2017 21:54 | Scott
In Balakleya Tochka-U and Grad missiles explosions over the town, 24 hours of this On the night of March 23, a fire broke out on the territory of the military

The Saker >>

Human Rights in Ireland
www.humanrights.ie

offsite link #Strike4Repeal: Strike Against the Citizens? Assembly? Wed Mar 08, 2017 07:51 | Máiréad Enright

offsite link Reflections on the Citizen?s Assembly (4): The Presentation of Dr. Dónal O?Mathúna Sun Feb 26, 2017 20:19 | GuestPost

offsite link Hague Justice Journal: Call for Papers Mon Feb 20, 2017 11:13 | GuestPost

offsite link Reflections on the Citizen?s Assembly (3): The Presentation of Dr. Joan McCarthy Tue Feb 14, 2017 14:01 | GuestPost

offsite link Reflections on the Citizens Assembly (2): The Presentation of Bobbie Farsides Tue Feb 07, 2017 05:44 | GuestPost

Human Rights in Ireland >>

Cedar Lounge
For lefties too stubborn to quit

offsite link It must be Saturday ? for there?s another poll 19:25 Sat Mar 25, 2017 | WorldbyStorm

offsite link UKIP?s man overboard 14:39 Sat Mar 25, 2017 | WorldbyStorm

offsite link Scripts for the 1970s TV series UFO 13:53 Sat Mar 25, 2017 | WorldbyStorm

offsite link Worst Gigs Ever? 11:52 Sat Mar 25, 2017 | WorldbyStorm

offsite link All wrong synths? 10:56 Sat Mar 25, 2017 | WorldbyStorm

Cedar Lounge >>

Dublin Opinion
Life should be full of strangeness, like a rich painting

offsite link Notes for a Book on Money and the Irish State - The Marshall Aid Program 15:10 Sat Apr 02, 2016

offsite link The Financial Crisis:What Have We Learnt? 19:58 Sat Aug 29, 2015

offsite link Money in 35,000 Words or Less 21:34 Sat Aug 22, 2015

offsite link THE WRATH OF KANE: BANKING CRISES AND POLITICAL POWER 09:32 Fri Jan 30, 2015

offsite link ALWAYS THE ARTISTS: WEEK THREE OF THE BANK INQUIRY 23:11 Thu Jan 22, 2015

Dublin Opinion >>

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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