When I see the talk of the crisis, European countries and United States Olympian move from one organization responsible for this and several disasters: IMF.
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While companies employ millions of people, which should close by thief, inefficient and even criminal remains open for the benefit of the great powers, who want to keep capitalism at all costs has proven to be disastrous. They do not care what you think the rest of oppressed humanity, simply want to continue.
the beginning of this crisis had hopes of destroying the IMF (finally) after more than 40 years of disaster. But no.
Reading The nation of Chile (lanacion.cl) I see an article written by Alan Faujas / Le Monde (The New York Times Syndicate) and I was all the little hope I had to get rid of that cancer.
| The fund will be the big winner of the meeting G-20 | |
IMF Resurrection | |
| Criticized by both developing countries as ultra-liberal economists, multinational financial institution is experiencing a remarkable spring, held by her position as arbiter disputes between Europeans and Americans and between different ways of addressing the global crisis. |
The International Monetary Fund has the wind in its sails and is poised to be the big winner of the meeting twenty heads of state and government, the so-called G-20 to be held on 2 April in London. He was sure that his ability to pass financial assistance of 250 billion dollars at present to 500 thousand, and maybe even 750 billion dollars. Also be entrusted with the arrangements for "timely warning" for anticipating and preventing the development of new crisis.
What can be attributed to return to the forefront of an institution criticized both by the ultra-liberals who see it as what looks like the embryo of a world government as civil societies and developing countries, which accuse the have strangled any social policy in the countries in trouble?
First, its location on the world stage has changed with the arrival of Barack Obama to the White House, which has brought life back to multilateralism. With 105 member states, the Fund recovers its role as a pillar of global financial assets management. The crisis has become inevitable return of state intervention and that it embodies. It also helps that its current CEO, the former French minister Dominique Strauss-Kahn is a social democrat who feels like a fish in water in a Keynesian become a trend.
Man
referee The first consequence This relocation policy was the U.S. government's decision in early March to accept the sale of 403.3 tons of gold reserve, which accumulates the 3217 IMF to finance the agency level. Washington will also accelerate the ratification of the reforms adopted last year to give them more room to emerging countries in the governing bodies of the fund. Secondas the IMF: its functional location. Her team leader is in harmony with governments that have in the group of twenty. Its chief economist, Frenchman Olivier Blanchard, a former chairman of the department of economics at MIT, is both a close friend of Larry Summers, right arm Obama on economic issues, and a good knowledge of the halls of the Elysee, where he has taken part in the economy groups of President Nicolas Sarkozy. Classified as a Keynesian, he is in tune with current needs.
Among the U.S. government, which requires the Europeans a stronger recovery of its economy, and they, who believe they have done their homework and now favor the establishment of a new financial regulation and the fight against tax havens, Strauss "Kahn is in a position of arbitrator.
The solution: more money
To cope with depression, according to the latest estimates, will reverse the global growth in a range of 0.5% and 1.0% of gross domestic product in 2009, Strauss-Kahn calls for months so that developed countries devote at least 2% of their gross domestic revival of demand. Estimated that countries in the group of twenty, the effort really new budget will rise to 1.8% of GDP in 2009 and 1.3% in 2010. In the United States would be 2% and 1.8%, in China, 3.2% and 2.7% respectively.In Germany, France and Britain, however, that effort would be only 1% in 2009 and 0.8% in 2010. Insufficient, says the IMF, however, does not accuse countries European debt and public expenditure which are clearly superior to Americans. Instead, check with the same brush to Washington, London, Paris and Berlin, believing that governments do what is necessary, especially for the financial sectors. Unclear is the U.S. plan, especially in the methods of assessing and treating toxic assets of insolvent banks. He says that Europeans are too slow to isolate the toxic assets and recapitalize insolvent banks. And he does find a diplomatic way, but with unprecedented candor and authority, justified in the current plight of the economy. Renaissance
Finally, the IMF seems to have remedied their flaws better known. He was criticized for the harshness of the conditions put for lending, forcing countries to greatly reduce sick social spending. But now accepted a major budget deficit than planned, so as not to sacrifice Hungary's most disadvantaged pensioners.
The poor countries of Africa were traumatized by the draconian measures imposed background to bring order to its budget and its public enterprises hiperdeficitarias. On 10 March in Dar-es-Salaam, the capital of Tanzania, the IMF called on rich countries to donate at least 20 billion dollars to avoid that 22 countries from falling into bankruptcy due to lack of foreign exchange.
criticize "the IMF is dominated by the West, which imposed a European to head? Strauss-Kahn has acknowledged several times that his successor might not be a European. Institution heartless father rapper and viciousness of imperialism, the IMF and died old. Will the new live up to the task will be entrusted?
simple words: we're screwed. If we do not take from and control of the situation, and we impose on our small exporters fruit and vegetables, wood, copper, and impose our conditions on countries that actually are ruined but they have left the arrogance, will end up with nothing, destroying each other to save an industrialized society that is rotten
