Information Agency. News and Views through the Global South
BRATISLAVA, Sep 25 2009 (IPS) – whenever some Eastern European states encountered economic collapse as the financial meltdown took hold, the Overseas Monetary Fund (IMF) stepped in and offered governments huge loans.
But, while the G20 summit in Pittsburgh considers reform for the IMF, some economists and sociologists are now actually asking if the social and financial expense of sticking with the strict credit conditions that was included with them is almost certainly not excessive for a few. Read More