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Tag Archives: IMF.
Jun 12 2013
The second Greek rescue programme was not merely late, but also insufficient, making a third programme inevitable.
Last week the IMF published a review of the financial assistance given to Greece during its debt crisis. One of the key limitations identified in the report was that debt relief for the country was provided far later than it … Continue reading
Posted by: June 12, 2013
Jun 7 2013
Brussels blog round-up for 1 – 7 June: IMF admits mistakes in Greek bailout, Brussels vs Brussels, and a red card for EU legislation?
Chris Gilson takes a look at the week in Brussels blogging. The EU centre and the crisis One of the main stories this week is the IMF’s admission that it made mistakes in the way that it and its Troika partners … Continue reading
Posted by: June 7, 2013
Apr 30 2013
Competing bureaucratic mandates have produced a ‘clash of organisations’ that impedes effective crisis management in Europe.
How does regional economic integration impact upon global economic governance? André Broome examines the evolution of bureaucratic cooperation between the International Monetary Fund (IMF) and the European Union between the signing of the Maastricht Treaty in 1992 and the launch … Continue reading
Posted by: April 30, 2013
Mar 7 2013
The troika should recognise the efforts made by Portugal to rebalance its finances and adjust the country’s bailout conditions.
In May 2011 Portugal negotiated an IMF-EU bailout package of 78 billion euros, designed to help the country stabilise its finances. In return Portugal agreed to implement a number of reforms, with a target to reduce its budget deficit to … Continue reading
Posted by: March 7, 2013
Sep 28 2012
Politicians in Cyprus need to move on from the ‘blame game’ for the country’s economic woes if they are to make badly needed economic reforms.
With massive amounts of non-performing loans, a high debt-GDP ratio, and rising unemployment, the Cypriot economy now faces painful but necessary measures to kick start recovery. Adonis Pegasiou argues that these badly needed reforms are being stalled by rows between … Continue reading
Posted by: September 28, 2012
Jul 6 2012
The Greek government’s target of zero public sector layoffs and the troika’s of 150,000 over ten years are both ultimately self-defeating.
The new Greek government recently announced that there would be no layoffs in the public sector, flying in the face of the country’s agreements with the IMF and the ECB to implement public administration reforms. For Kevin Featherstone, the futility … Continue reading
Posted by: July 6, 2012