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Russia ready to discuss INF treaty with US but problem should be depoliticized...

Eurogroup refuses to extend bailout program to Greece...

Greece proposes two-year deal with ESM to avert countdown to default...

Ukraine’s Federation of Employers calls on Poroshenko to send government to resignation...

Iran, P5+1 world powers extend nuclear talks deadline by a week...

ISIL Executes Top Official in Mosul for Plotting a Coup Against Caliphate...

China, EU agree to open new chapter in ties...

India to Develop New Tank, Use Russian Armata as Prototype...

Afghanistan will not collapse in face of militancy, President Ghani says...

Holidaymakers staying away from Sousse resort after Tunisia beach attack...

Kuwait busts 'terror cell' after Shia mosque blast in Kuwait City...

South African Parliament ratifies BRICS New Development Bank agreement...

At least 28 people die in car bombing in Yemen - AFP...

Greece Open to Becoming BRICS Member – Defense Ministry...

Turkey wants more walls on border with Syria...

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China - US relations: main risks and contradictions

Washington's strategic pressure over Beijing assertiveness in the South China Sea, including measures such as US military reconnaissance activities and political and military coordination with China’s neighbours, adds additional threats in Asia Pacific in the broader context of bilateral ties discussed last week in Washington during the annual U.S.-China strategic and economic dialogue...

Augusto SOTO | 30.06.2015


 

IMF Violates IMF Rules, to Continue Ukraine Bailouts

The IMF, whose bailout operations are absorbed by the taxpayers in the member countries whenever a particular bailed-out nation defaults, announced on Friday, June 19th, that it will “continue to support Ukraine through its Lending-into-Arrears Policy even in the event that a negotiated agreement with creditors in line with the program cannot be reached in a timely manner.” Though this new “Lending-into-Arrears” policy violates two IMF rules, it was justified by the IMF’s Managing Director Christine Lagarde on the basis of the Ukrainian government’s “continued efforts to reach a collaborative agreement with all creditors.”

EDITOR'S CHOICE | 23.06.2015


 

St. Petersburg Economic Forum and EU Bitter Predicament

The St. Petersburg International Economic Forum (SPIEF) has kicked off on June 18 against the background of economic woes faced by Europe. While being focused on anti-Russia punitive measures, the EU is losing control over European economy. President Donald Tusk convenes a Euro Summit on Greece Monday, June 22. He said the failure of EU finance ministers on Thursday, June 18, evening to agree a deal to release desperately needed bailout aid meant it was now time to «urgently discuss» the Greek crisis «at the highest political level»...

Pyotr ISKENDEROV | 20.06.2015


 

G7: Currencies to Protect, Countries to Bomb

The members of the G7 just ended their 41st summit. The leaders of Canada, France, Germany, Italy, Japan, the UK and US gathered in a great Bavarian palace, the Schloss Elmau. It was a fitting location for the masters of the universe.

EDITOR'S CHOICE | 14.06.2015


 

Printing Press: Kiev’s Last Hope

Yury Lutsenko, an MP and the leader of Bloc of Petro Poroshenko party, reported that the Ukraine’s National Bank started the printing press. Allegedly it went ahead after Prime Minister Arseniy Yatsenyuk gave his approval. Few people paid attention to this information. Soon Yulia Timoshenko confirmed the news (she is an opposition leader). She said the uncontrolled emission without back-up should be stopped. In January the emission rate was 31billion hryvnias...

Valentin KATASONOV | 13.06.2015


 

Kiev Holds Talks With International Money Lenders: This Month is Decisive

Time is running out for both parties to reach an agreement as a June 15 – the International Monetary Fund (IMF) deadline for the restructuring approaches. Ukraine is to restructure the $40 billion bailout. It must meet the mid-June deadline by which it must find a way to save $15 billion (13.7 billion euros) over four years...

Valentin KATASONOV | 12.06.2015


 

US Hopes Greek Debt Crisis Settles Without Rocking Global Market

News | 08.06.2015


 

Greece’s Creditors Take Tough Line: What Will it Lead to?

...The lenders are going to impose Greece a program of reforms which is actually an ultimatum. The policy conditions in the creditors’ proposal – whose details remained under wraps but include fiscal austerity, privatizations, and overhauls of pensions and labor law—could prove extremely challenging for Mr. Tsipras to accept without sparking a rebellion within his ruling coalition. In not so distant future Greece will have to reduce the budget deficit to 3, 5%. This is the price for having the troika of major lenders – The International Monetary Fund, the European Central Bank and the European Commission – unfreeze the 7, 5 billion euros tranche...

Valentin KATASONOV | 04.06.2015


 

A meeting on the Elbe River, but without Russia: the G7 Finance Ministers’ meeting

The Group of Seven (G7) Finance Ministers’ meeting is to take place in Dresden (Saxony) in Germany on 27-29 May. It will be the Group of Seven’s last major event before the G7’s final full-scale summit at Schloss Elmau in the Bavarian Alps on 7-8 June 2015. The Group of Seven is made up of Germany, the US, Canada, Japan, France, Great Britain and Italy...

Valentin KATASONOV | 28.05.2015


 

Washington versus Beijing: Curbing the Yuan

One of the monetary and financial tensions between China and the US is the possibility of the yuan becoming a reserve currency... Every five years, the IMF carries out a review of the reserve currency basket. The next review is due at the end of 2015. Experts believe that the Chinese currency meets all the requirements of a reserve currency... According to some reports, a number of countries (most notably Germany and Australia) might support China during the currency basket review in December 2015... Washington’s vote against the yuan could put paid to the International Monetary Fund once and for all, and this would lead to a radical restructuring of the global financial order that would not be to the benefit of Washington and the US dollar...

Valentin KATASONOV | 11.05.2015




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OUR COLUMNIST
    Wayne MADSEN

Australia annexed a self-governing territory and the world remained silent

When Ukraine threatened the autonomous status of Crimea, the people of that territory on March 16, 2014 voted in a popular referendum to declare independence from Ukraine and apply to join the Russian Federation as an autonomous republic. The results of the referendum were overwhelmingly for independence and retrocession to Russia with 96.7 percent of eligible voters opting for separation from Ukraine...

01.07.2015
 
 
 
 
 
 
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