Posts Tagged ‘IMF’

  • euro zone map

    Greek Privatization Progress

    Nov 20, 12 • 295 Views • No Comments

    Will international creditors say yes again to Greece after today’s meeting in Brussels? Part of the deal involves selling or leasing whatever the Greek government owns. The proceeds reduce the debt and meanwhile, by building roads and business parks,...  [read more]

  • euro zone map

    A New Greek (Economic) Fuel: Olive Oil

    Oct 26, 12 • 1178 Views • No Comments

    The Greek government needs its newest bailout infusion. But in return, austerity would include (among many other requirements) cutting certain civil servants’ salaries by as much as 35%, raising the retirement age again but this time to 67, and...  [read more]

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    Bailout Fatigue

    May 17, 11 • 221 Views • No Comments

    Yesterday, in a 94-0 vote, the U.S. Senate said it had bailout fatigue. No, they were not referring to Fannie Mae or General Motors. They meant Greece. This is the connection: By selling government securities, Greece had borrowed money to fund massive...  [read more]

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    How Are We Doing?

    May 2, 10 • 297 Views • No Comments

    Hearing that U.S. real GDP growth for the first quarter was 3.2%, I wondered how well we were doing. We can look at past recessions to assess 3.2%. Looking back to the early 1980s, some economists say they were hoping for better. Like a “V”, when...  [read more]