Imf News
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The Associated Press is reporting that prosecutor in Lille, France has ordered an initial investigation into allegations of "gang rape" in a Washington hotel by former IMF chief, Dominique Strauss Kahn.
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Embracing a new economic theory, after it gains a foothold in the public consciousness, only occurs when a sustained undesired economic result from the previously employed thesis metastasize into a full crisis for the political class.
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OTTAWA/TORONTO - So far, Canada hasn’t blinked over refusing to contribute further funding to the International Monetary Fund meant to deal with the European debt crisis.
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New Delhi -
At a meeting of the world's 5 leading emerging economies, many issues were raised including stepping away from the Dollar as a reserve currency and reform of the IMF. Humanitarian aid to Syria was also discussed.
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Athens -
Austerity measures in Greece are plunging the economy into ever deeper recession, making it apparent that austerity is not working. Poul Thomsen of the IMF has admitted that further fiscal hardship will not work.
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Technically speaking a recession can be defined as two or more successive quarters of negative GDP growth. The UK's fourth quarter of 2011 has revealed a small contraction and now the government will be pressured to report a small rise in Q1 of 2012.
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Former International Monetary Fund chief Dominique Strauss-Kahn was on Tuesday full of smiles after a US court dismissed criminal sexual-assault charges against him, ending four months of legal tussle that raised credibility issues about the accuser.
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Nafissatou Diallo, 32, the hotel maid who alleged she was sexually assaulted by former IMF head Dominque Strauss-Kahn, granted an exclusive interview to Newsweek magazine.
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Former International Monetary Fund (IMF) Managing Director Dominique Strauss-Kahn is facing another potential sexual assault case after French journalist and writer Tristane Banon accused him of "trying to rape her" during a 2002 book interview.
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New York -
Dominique Strauss-Kahn, the former IMF chief, has been released from house arrest, though he still faces sexual assault charges.
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Imf Headlines
The IMF has received pledges of an extra $320bn (£199bn) to avoid speculative market attacks on troubled eurozone countries.
The chancellor is criticised by some Conservative backbenchers and Labour after announcing Britain is to commit another £10bn to the IMF.
The International Monetary Fund (IMF) has told the eurozone it must make bold reforms to reassure financial markets.
The US and UK should provide more cash to the IMF, the European Union's Economic Commissioner, Olli Rehn, says.
Inappropriate spending cuts could "strangle" growth, so austerity measures should be tailor-made by each country, the head of the IMF warns.
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The former IMF chief, Dominique Strauss Kahn
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