MercoPress. South Atlantic News Agency
IMF urges economic reforms or face brittle growth, high debt and unemployment
The world's policymakers must take economic reforms more seriously, or they could see their economies stuck in a muddle of mediocre growth with high debt and unemployment, the head of the International Monetary Fund said at the multilateral organization assembly. Read full article
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Disclaimer & comment rulesWhat specifically are the reforms the IMF is encouraging?
Oct 14th, 2014 - 05:22 pm - Link - Report abuse 0I'm not too clear, but it seems they are related to government spending more money because they are not spending (throwing away) enough money.
I think that lots of borrowed government cash changing hands, but very little being actually realized for the transaction, is what is curtailing global economic growth.
Does this make sense:
“We need better economic growth. More government spending won't work so that is what we are calling for.”
How is the U.S. in a good position to implement more infrastructure projects when it is “20 thousand billion” dollars in debt?
“Borrow more money, that can't be good for you, so that would be good”. Does that make any sense?
What reforms specifically is La Garde calling for?
Is she Dutch, because it is double dutch to me.
Oct 14th, 2014 - 07:14 pm - Link - Report abuse 0Well, watching the German news today on ZDF it seems that not only the statistics but now the real economy in Germany are slowing down in a hurry. Car makers are starting to cut shifts all over.
Oct 15th, 2014 - 03:02 am - Link - Report abuse 0Meanwhile, the UK miracle has been proven to be yet another “easy money” bubble, people are simply chasing money and real estate prices and that is the entirety of UK growth, in other worlds the fake growth of higher velocity treadmilling, but staying in the exact same spot.
Meanwhile Scandinavia slows, France deepens its recession, Spain can't really get going and Italy remains perennially at 0% growth.
Its all looking swimmingly in EUialand.... hahahaha.
@3. I can see a way forward. The main plank would be the enforcement of contractual obligations. How convenient that the main offender is a plank. For instance, debt 'restructuring' would not be permitted. What happens when a 'personal' loan gets away from you? The bank manager or financial adviser says you should take out a new loan. The first step is to repay the existing loan. Anyone seen a bank manager saying “We'll reduce your 12% interest to 0.25%”? Add in the international equivalent of the bailiff. The international FORCE that moves in and starts taking assets. AND the air, land and sea BLOCKADE.
Oct 15th, 2014 - 09:34 am - Link - Report abuse 0Hey ho, UK inflation down to 1.2%. Argieslugland inflation up to 40%. UK food bills going DOWN. Can argies afford food? Pensions going UP. Wages increasing.
http://www.dailymail.co.uk/news/article-2792193/no-rate-rise-months-inflation-drops-five-year-low-thanks-cheaper-laptops-air-fares-restaurants.html Incidentally, IMF wrong, Britain RIGHT.
Good of you to highlight the UK. So we can PROVE you know nothing. What do argies think is GOOD? A spurt. Argies can just about manage spurts. No staying power. And argieland LIES. All the time. EVERYONE can see it.
It's all looking drowningly in argieland. GOOD. There should be guided tours where tourists are invited to jump on argie heads to force them further down into the slime they created. And there is a 'plan'. Once the imperialist, colonialist European genome and blood, i.e. Italian, Portuguese, spanish, has been removed, the indigenous people can be left to repopulate. Those with 'mixed' heritage can be taken to the beach and set free to swim 'home' to Italy, Portugal or spain. Are there sharks? Do hope so.
The IMF won’t be as useful for the countries who use it now as a means to economic colonialism. It was created to allow the wealthy to rule even the poor nations. So congress doesn’t want to give up their advantage. Do whatever to get the money and in every instance possible use whatever means necessary to accomplish the goals. Money first and all else is just lies to get the money. Including religion, ideology, laws, forget those, just get the money. Dean from http://creditspoint.com/
Oct 18th, 2014 - 11:15 am - Link - Report abuse 0Commenting for this story is now closed.
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