MercoPress. South Atlantic News Agency
In a world of high debts, ”we have to be ready for episodes like this (Greece)” says IMF
The International Monetary Fund on Thursday said it seemed Greece's crisis and market volatility in China would not affect when the US Federal Reserve chooses to raise interest rates. However earlier in the week the IMF suggested United States delays raising interest rates, warning that economic growth could be “significantly debilitated” by a soaring greenback. Read full article
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Disclaimer & comment rulesWhoops, I thought that the U.S. was no longer a “meaningful” influence. So what the U.S. decides to do is irrelevant. Therefore it can raise interest rates whenever it chooses in its own best interests. A risk to growth in emerging economies? Like the ones in latam that don't have a clue what they're doing. Argie debt getting bigger. Even less chance of borrowing. UK is doing fine, thanks!
Jul 10th, 2015 - 10:19 am - Link - Report abuse 0We shouldn't live in a “world of high debt”, and except for the IMF, World Bank and the various central banks we wouldn't. Without these institutions facilitating borrowing for profligate governments and mismanaged banks, neither the insolvent, heavily indebted countries, nor the banks that buy their worthless paper, could have borrowed anywhere near as much as they have. No one who was actually risking their own money would loan them anything, unless they were in a position to repay it.
Jul 11th, 2015 - 05:17 am - Link - Report abuse 0“They crucified Tsipras in there,” a senior eurozone official who had attended the summit remarked. “Crucified.” FT
Jul 13th, 2015 - 10:18 pm - Link - Report abuse 0Maybe if he had worn a tie and looked like a grown up they would have taken him more seriously.
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