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Public Inquiry
Interested in maladministration. Estd. 2005

offsite link Editing letters to the Irish Times

offsite link Stephen Collins: An enemy of my country Anthony

offsite link Elaine Byrne: Suffering from chronic naivety Anthony

offsite link Free speech under state attack in Ireland Anthony

offsite link Denis O’Brien: Are the sharks moving in for the kill? Anthony

Public Inquiry >>

The Saker
A bird's eye view of the vineyard

offsite link International Military Review ? Syria, Feb. 11, 2016 Thu Feb 11, 2016 14:54 | The Saker
If you are having trouble viewing this video, go to the Youtube version at https://www.youtube.com/user/crimeanf...

offsite link Most interesting statement of Major General Igor Konashenkov (MUST SEE!) Thu Feb 11, 2016 13:07 | The Saker
The interesting stuff begins at marker point 4:15. This is quite an amazing statement. I don’t think I have ever heard before a senior Russian officer so openly express his

offsite link International Military Review ? Syria & Iraq ? Feb.10, 2016 Thu Feb 11, 2016 00:41 | The Saker
If you are having trouble viewing this video, go to the Youtube version at https://www.youtube.com/user/crimeanf...

offsite link Foreign Policy Diary ? Turkey?s Military Intervention to Syria Thu Feb 11, 2016 00:04 | The Saker
If you are having trouble viewing this video, go to the Youtube version at https://www.youtube.com/user/crimeanf...

offsite link Immigrant Crisis: Facts, Myth or Plot? Tue Feb 09, 2016 22:50 | The Saker
by Brainstorm The designed, created and carefully articulated immigrant flow to Europe, generating one of the biggest crises in after the Cold War as the byproduct of US waged wars

The Saker >>

Human Rights in Ireland
www.humanrights.ie

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offsite link Out on the Inside Thu Feb 04, 2016 06:00 | Sinead Ring

offsite link A&L Goodbody and Irish Refugee Council Asylum Law Award 2016 Wed Jan 27, 2016 08:46 | Liam Thornton

offsite link The Espaces Generation Climat and the domestication of public engagement Fri Jan 15, 2016 11:43 | Ntina Tzouvala

offsite link Reflections on climate action in the aftermath of Paris Tue Jan 12, 2016 13:17 | Ntina Tzouvala

Human Rights in Ireland >>

Cedar Lounge
For lefties too stubborn to quit

offsite link Behold the moderate face of the Republican primaries? 14:47 Thu Feb 11, 2016 | WorldbyStorm

offsite link Sanders and the structure of US politics? 13:46 Thu Feb 11, 2016 | WorldbyStorm

offsite link They?re not killing us at the doors when we canvass? 11:46 Thu Feb 11, 2016 | WorldbyStorm

offsite link And while we are discussing the SCC 09:41 Thu Feb 11, 2016 | WorldbyStorm

offsite link An unconvincing defence of the SCC. 08:47 Thu Feb 11, 2016 | WorldbyStorm

Cedar Lounge >>

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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