Submitted by Mike Krieger via Liberty Blitzkrieg blog,
Earlier this week, Ryan Grim and Paul Blumenthal published a blockbuster piece in the Huffington Post, titled: The Vultures’ Vultures: How A New Hedge-Fund Strategy Is Corrupting Washington.
The International Monetary Fund is warning that a vote to leave the European Union next month could prompt a stock market crash and steep fall in house prices. Christine Lagarde, the IMF managing director and the Bank of England governor Mark Carney also warn that Britain could fall into recession following a Brexit vote. All that’s on top of the world war that British prime minister David Cameron has warned about should Britain decide to leave the EU… Brexit fear mongering? or are we really doomed if we vote ‘out’?
In January, the International Monetary Fund (IMF) told us that Venezuela’s annual inflation rate would hit 720 percent by the end of the year. The IMF’s World Economic Outlook, which was published in April, stuck with the 720 percent inflation forecast. What the IMF failed to do is tell us how they arrived at the forecast. Never mind. The press has repeated the 720 percent inflation forecast ad nauseam.
Lawmakers in the European Parliament have sharply condemned the latest Greek bailout deal - reached after weeks of negotiations - which they say will lead to "Social Armageddon" and "too high a price to pay." As SputnikNews reports, heated exchanges over the state of play of the Greek macro-economic adjustment program were seen in the European Parliament this week, and divisions are also very evident within the Troika itself as obvious need for debt relief (IMF) is scuttled by Germany and the Eurogroup.
Submitted by Mike Shedlock via MishTalk.com,
In the wake of an IMF threat to back out of the Troika deal with Greece, Germany blinked under the IMF pressure.
Well, sort of.
The result was not quite the debt relief the IMF wanted, but it was more than Germany was prepared to offer yesterday.
Please consider Berlin Opens Way to Greek Debt Relief Talks.