Economics and politics - comment and analysis

Unprincipled politicking. Greece, the IMF and the Troika

Unprincipled politicking. Greece, the IMF and the Troika
By Costas Lapavitsas and Daniel Munevar
The bailout has already failed
The latest political upheaval in Greece cause by the Wikileaks transcript could be explained only with one vital precondition. That is, Greece cannot meet the terms of the third bailout agreement struck in July 2015. …

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Abo-Preview: Cypriot banking under the Troika

The IMF is currently praising Cyprus for its efficiency in pursuing the Troika’s stabilisation programme, at least with respect to public finance. It appears that the Cypriot government will deliver on the target of 7% fiscal adjustment over 2013-14. It has even been announced that the primary deficit for 2014 will be 3% of GDP instead of the IMF projecte… …

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