Trade wars could shrink global economy by $700 bn: IMF’s Georgieva | AFP

The managing director of the International Monetary Fund, Kristalina Georgieva warns that “the cumulative losses of trade conflicts could get us to about $700 billion by 2020” in a speech in Washington ahead of IMF-World Bank autumn meetings next week SOUNDBITE

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IMF sharply lowers Germany growth forecast

The International Monetary Fund (IMF) announces at the World Economic Forum in Davos that it has drastically lowered its growth forecast for Germany in 2019, the European country is undergoing the strongest downward revision, with growth now expected to reach 1.3% (-0.6 points). SOUNDBITE

IMF: No-deal Brexit ‘would impose very large costs’ on UK

Britain’s economy would suffer “very large costs” if it leaves the European Union next March with no divorce agreement in place, the International Monetary Fund’s Christine Lagarde warned in a speech at the UK Treasury on Monday. SOUNDBITE

Greece emerges from last bailout, but doubts remain for some

Greeks react to their country emerging from its third and last bailout. The European Union, the European Central Bank and the International Monetary Fund loaned debt-wracked Greece a total of 289 billion euros ($330 billion) in three successive programmes in 2010, 2012 and 2015.

European Central Bank

Videographic on the European Central Bank. After years of austerity, Greece emerged on Monday from its third and last bailout. The European Union, ECB and the International Monetary Fund loaned the country a total of 289 billion euros ($330 billion) in three successive programmes in 2010, 2012 and 2015.VIDEOGRAPHIC

High unemployment, low salaries, and rising prices, Jordanians

Jordanian street and market vendors in Amman react to high unemployment, low salaries, and rising prices prior to the resignation of the Jordanian prime minister. Demonstrations have rocked the capital Amman and several other cities after the government adopted a draft income tax law and announced new price hikes based on recommendations by the International Monetary Fund.

‘Radical groups exist in any society, prosperous or not’– Greek expert on IMF parcel attack

French prosecutors believe the letter-bomb that exploded on Thursday at the International Monetary Fund office might have been sent from Greece. The blast injured one of the employees.
A far-left group from Greece is suspected of carrying out the attack.
Brady Kiesling – Former State Department employee, an expert on the Greek left wing movement, talks to RT


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Yes or No? Greece Again on the Brink: Greek Debt Crisis (Dispatch 1)

For the past five years, Greece has been struggling with a financial crisis that has led the country to the brink of an exit from the euro and an economic collapse.

A huge bailout program of 240 billion euros ($266bn), borrowed from European countries and the International Monetary Fund, has let Greece survive for now, yet cuts and austerity measures have ensued.

Since last January, the new Syriza government has pledged to renegotiate the terms of the bailout program with its international creditors, promising an end to austerity. On June 26, after five months of negotiations, Prime Minister Alexis Tsipras announced a referendum, calling the country to vote on whether or not to accept the new bailout proposal by its lenders.

Given the expiry date of the funding program just a few days later — and a lack of cash in the country — Greek banks were temporarily shut, a capital control was imposed, and people started queuing at ATMs to withdraw cash with a limit of 60 euros per day.

For many, the choice between “Yes” or “No” in Sunday’s vote has been interpreted as “Yes to Europe” or “No to austerity.”

VICE News took to the streets of Athens in an effort to understand what this critical moment for the country might mean for its position within Europe and the world, and most of all, for the Greek people.

Watch “Death Boats to Greece: Europe or Die” –

Read “Greece Offers Last Ditch Bailout Plan Before Clock Runs Out at Midnight” –

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