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Christine Lagarde Takes the Stage for the Last Time?

In recent years, the work of the International Monetary Fund has become a never-ending drama, directed by Washington, which is also known as «the main shareholder of the joint-stock company» known as the IMF. All the other shareholders, as well as the fund’s staffers, are assigned the role of actors in a play written by Uncle Sam...

Valentin KATASONOV | 30.12.2015


 

Everyday Life of Superpower or What US Needs Syria for?

According to World Bank expert Eric Schwaitzern, a wave of city bankruptcies is expected to hit the United States in the next three years possibly triggering sovereign default. Today over 450 US cities are on the verge of going broke, including Los Angeles, San Diego and others. The «ghost city» Detroit started «the parade of defaults» that may be expedited in October to last all year long... Washington appears to get ready for emergency. Richard Preston, leader of the Confederate White Knights of KKK, called on Americans to get together in a civil war against Barack Obama and his supporters and do it in October, when the country marks the 150th anniversary of Gettysburg...

Nikolai MALISHEVSKI | 07.10.2013


 

Christine Lagarde in Tokyo: Slip of the Tongue or Carefully Planned Announcement?

The Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group was held in Tokyo on October 12-13. The conventions tend to be fairly technical in character, but, due to at least a couple of reasons, the latest one was an exception from the rule. First, the speakers in Tokyo seemed to have shed their usual pretense of optimism... Secondly, serious concerns simply had to arise in connection with a certain cryptic passage in a contribution to the debate made by IMF Managing Director Christine Lagarde. «Without growth, the future of the global economy is in jeopardy, and perhaps the greatest roadblock will be the huge legacy of public debt, which now averages 110% in advanced economies, pretty much wartime levels», said Lagarde. One is tempted to read the above as a warning that the epoch of peace is about to end and the world currently finds itself on the brink of a major war...

Valentin KATASONOV | 15.10.2012




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OUR COLUMNIST
    Yuriy RUBTSOV

Without Equal Security for All, Nuclear Disarmament Is Impossible

In a statement commemorating the fifth anniversary of the New START Treaty between the US and Russia last week, US Secretary of State John Kerry not only expressed hope that both sides would be able to implement the treaty within the specified time frame – by 5 February 2018 – but also renewed calls for Moscow to begin talks on the further reduction of their countries’ nuclear arsenals...

13.02.2016
 
 
 
 
 
 
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