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offsite link North Korea Increases Aid to Russia, Mos... Tue Nov 19, 2024 12:29 | Marko Marjanovi?

offsite link Trump Assembles a War Cabinet Sat Nov 16, 2024 10:29 | Marko Marjanovi?

offsite link Slavgrinder Ramps Up Into Overdrive Tue Nov 12, 2024 10:29 | Marko Marjanovi?

offsite link ?Existential? Culling to Continue on Com... Mon Nov 11, 2024 10:28 | Marko Marjanovi?

offsite link US to Deploy Military Contractors to Ukr... Sun Nov 10, 2024 02:37 | Field Empty

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offsite link News Round-Up Tue Jul 08, 2025 01:13 | Richard Eldred
A summary of the most interesting stories in the past 24 hours that challenge the prevailing orthodoxy about the ?climate emergency?, public health ?crises? and the supposed moral defects of Western civilisation.
The post News Round-Up appeared first on The Daily Sceptic.

offsite link Watch: Moment Two Brothers ?Assaulted Police Officers Trying to Arrest Them at Manchester Airport? Mon Jul 07, 2025 19:00 | Will Jones
The moment when two brothers allegedly assaulted police officers at?Manchester Airport?last summer ? leading to a viral edited video of a police officer kicking one in the face ? was shown to a jury today.
The post Watch: Moment Two Brothers “Assaulted Police Officers Trying to Arrest Them at Manchester Airport” appeared first on The Daily Sceptic.

offsite link Labour is Acting Like Communist China, Says Lloyds Bank Chief Mon Jul 07, 2025 17:00 | Will Jones
The Chief Executive of Lloyds Bank has compared Labour's pension plans to policies used by communist China, saying new powers to force pension funds to invest in Britain are like the capital controls used by Beijing.
The post Labour is Acting Like Communist China, Says Lloyds Bank Chief appeared first on The Daily Sceptic.

offsite link Brighton Council Leader Reports the Spectator to the Police Mon Jul 07, 2025 15:40 | Will Jones
The leader of Brighton Council appears to have too much time on her hands, as she has reported Spectator Editor Michael Gove and columnist Rod Liddle to the police after Liddle joked about nuking Brighton.
The post Brighton Council Leader Reports the Spectator to the Police appeared first on The Daily Sceptic.

offsite link Panic Over Labour Wealth Tax to Fill ?30 Billion Black Hole as Millionaires Flee UK Mon Jul 07, 2025 13:22 | Will Jones
Alarm has set in as Labour grandees and union paymasters push Reeves to bring in a wealth tax to raise spending and plug a yawning ?30bn black hole in Government finances, despite millionaires already fleeing the country.
The post Panic Over Labour Wealth Tax to Fill ?30 Billion Black Hole as Millionaires Flee UK appeared first on The Daily Sceptic.

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Voltaire Network
Voltaire, international edition

offsite link Will intergovernmental institutions withstand the end of the "American Empire"?,... Sat Apr 05, 2025 07:15 | en

offsite link Voltaire, International Newsletter N?127 Sat Apr 05, 2025 06:38 | en

offsite link Disintegration of Western democracy begins in France Sat Apr 05, 2025 06:00 | en

offsite link Voltaire, International Newsletter N?126 Fri Mar 28, 2025 11:39 | en

offsite link The International Conference on Combating Anti-Semitism by Amichai Chikli and Na... Fri Mar 28, 2025 11:31 | en

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IMF World Economic Outlook: Economy Improves for Some as Inequality Persists

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category international | anti-capitalism | press release author Thursday April 10, 2014 16:45author by Arielle Retrosi Report this post to the editors

Debt Restructuring Process Discussed by IMF and G20

The IMF released the World Economic Outlook Report ahead of the annual IMF meetings. The report forecasts improvement for several advanced and emerging economies, including the United States, but notes that the recovery is uneven and vast inequality still continues. One of the principle issues the report reviews is how sustainable the debt loads are for both G20 and developing countries.

"The IMF acknowledges that investors are still concerned with unsustainable debt loads in developing economies," noted Eric LeCompte, Executive Director of Jubilee USA Network, a religious coalition focused on the impacts of the financial crisis on poor people. "It doesn't take a rocket scientist to know what the IMF reports. In a post financial crisis world, the rich have gotten richer and more people have been pushed into extreme poverty."

Over the last year the G20 has vigorously debated how to deal with unsustainable country debts and speculative investments, root causes of the global financial crisis. One year ago in Washington, G20 Financial Ministers discussed the possibility of an international sovereign bankruptcy process in order to provide stability in the international financial system. The IMF staff also released a paper ahead of last year's meetings which explored aspects of the process. Last fall during the St. Petersburg Summit, G20 heads of state discussed the process and invited the IMF to continue to review debt sustainability and debt issues. IMF staff continue to explore the process.

"The G20 and the IMF are asking will we be prepared twelve years from now when the next regional or global financial crisis hits," shared LeCompte. "It's tremendously exciting that global decision makers are reviewing these possibilities. An international bankruptcy process for countries provides international stability and predictability."

Sustainable debts is a theme of this year's annual IMF meetings. Jubilee USA, Jubilee Germany and Friedrich-Ebert-Stiftung New York Office have organized a high level panel during the meetings to focus on how debt sustainability impacts people living in extreme poverty. Policymakers, Finance Ministers and Sovereign Debt Lawyers will discuss debt sustainability and an international bankruptcy process for countries.

"One out of five people are living in extreme poverty. We can't solve inequality without solving unsustainable country debts," said LeCompte

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