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International Monetary Fund

The IMF Is Not Done Destroying Greece Yet

The IMF Is Not Done Destroying Greece Yet

Authored by Raul Ilargi Meijer via The Automatic Earth blog,

Austerity is over, proclaimed the IMF this week. And no doubt attributed that to the ‘successful’ period of ‘five years of belt tightening’ a.k.a. ‘gradual fiscal consolidation’ it has, along with its econo-religious ilk, imposed on many of the world’s people. Only, it’s not true of course. Austerity is not over. You can ask many of those same people about that. It’s certainly not true in Greece.

IMF Says Austerity Is Over

European, US Stocks In Eerie Calm As French Vote Looms

European, US Stocks In Eerie Calm As French Vote Looms

Global markets were oddly calm on Friday, the last day of trading before the first round of France's closely fought presidential election, with European stocks posting modest declines ahead of Sunday's main event, Asian shares rising, and set for first weekly gain in the past month, while U.S. futures were unchanged. French bond yields hit three-months low even as the euro has seen some recent weakness.

A Ukraine On The Verge Of Disaster Benefits No One

A Ukraine On The Verge Of Disaster Benefits No One

Authored by Federico Pieraccini via The Strategic Culture Foundation,

In the past three months, the lines of contact between Ukraine and the forces in Donbass have seen an escalation of considerable tension. Both the republics of Lugansk and Donetsk have suffered violent attacks at the hands of Kiev’s military forces. Of course all these violations are in stark contrast to what was established in the Minsk II agreements, in particular as regards the use of certain weapons systems.

In Stark Warning, IMF Finds Over 20% Of US Corporations At Risk Of Default Should Rates Rise

In Stark Warning, IMF Finds Over 20% Of US Corporations At Risk Of Default Should Rates Rise

While the market has been generally euphoric over Trump's proposed fiscal agenda (even if in recent weeks it increasingly looks its implementation will be indefinitely delayed), one adverse side effect which has largely been ignored by the market is the impact of rising interest rates not only on sovereign debt, but on record corporate debt loads. Conveniently, this was one of the more notably topics covered in the latest Global Financial Stability report released by the IMF on Wednesday.

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