Blood from a Stone

Blood from a Stone

Like many other proud Greek-Americans, I’ve visited the country of my ancestors many times over the years. I even lived in Athens for two years while working for the U.S. government. I recently returned to Athens for a week to help the Greek government draft a new...
Why Won’t Greece Take a Deal?

Why Won’t Greece Take a Deal?

Greece is in dire straits. As a Greek American, it hurts to watch. Without emergency loans from its European partners, Greece will default on its debts and likely be forced out of the Eurozone. That means tougher times ahead for Greece, Europe, and international...
IMF: Weaker Unions = Higher CEO Pay

IMF: Weaker Unions = Higher CEO Pay

As labor unions have declined in most countries around the world, CEO paychecks have ballooned. And that’s not just a coincidence, according to new research from the International Monetary Fund. In the latest issue of the IMF’s Finance & Development journal,...
Sustainable Energy Access For All?

Sustainable Energy Access For All?

In 2011, the UN established “Sustainable Energy for All”, a global initiative with three goals: achieving universal energy access, increasing energy efficiency, and doubling the renewable energy supply by 2030. The first of these goals seems daunting considering that...
Explaining the Cyprus Shakedown

Explaining the Cyprus Shakedown

In June 2012, the Cypriot government requested a bailout after its two largest banks took massive losses—around 1.6 billion euros—on Greek government bond write-downs. In order to remain solvent, it was determined that Cyprus needed 17 billion euros in...
Inside-outside Strategy on Wall Street Tax

Inside-outside Strategy on Wall Street Tax

Cross-Posted with The Huffington Post The International Monetary Fund is accustomed to rallies outside their Washington, D.C., headquarters during their annual meetings. What was different this past weekend was that the activists on the outside and several...
Tunisia and the IMF: Ennahda’s Mana From Washington (Part Two)

Tunisia and the IMF: Ennahda’s Mana From Washington (Part Two)

Cross-posted from the Colorado Progressive Jewish News. Read Part 1. “I get by with a little help from my friends.” — Lennon, McCartney News reports suggest that Tunisia and the International Monetary Fund (IMF) are ‘very close’ to coming...
I’ll Miss Hugo

I’ll Miss Hugo

I’ll miss Hugo. When I first was introduced to him in Porto Alegre in 2003, he greeted me, “Mi padre,” and said he learned a lot from me. I was dubious about this and thought he was simply buttering me up, like any two-bit politician. Then he started...

Egyptian Protesters Eat Their Own

Remember the Tahrir Square attack on Lara Logan two years ago while she was covering the demonstrations for CBS News? It seems that women — even protestors — continue to be sexually assaulted. At the Egypt Independent, Tom Dale writes: A woman was sexually...

Capital Controls and the Trans-Pacific Partnership

U.S. negotiators are hardliners against capital controls in current Trans-Pacific trade talks with eight other countries. Their position is more rigid than the International Monetary Fund and previous U.S. regimes, including the Reagan administration. This briefing...

Lagarde’s Victory: One Step Forward, Two Steps Back?

Christine Lagarde became the first female to head the IMF on July 5 2011. Since the IMF was established, it has been dominated by Europeans and men. Only six of 30 senior executives and 21.5 percent of all managers have been women, and the BRIC countries (Brazil,...
Italy: Barbarians — in Suits — at the Gates

Italy: Barbarians — in Suits — at the Gates

PAESTUM, ITALY — Walls tell you a lot about a country’s history. Since their purpose is to keep people out who want to get in, they generally mean trouble. In the case of this stunning ruin of a city southeast of Naples, back in the 6th century BC the...

An Appeal to U2: Who is More Rooted?

Last week, we joined 75,000 people at a concert by U2 and its anti-poverty crusading lead singer, Bono. In the hour before the concert, random “hot facts” were flashed across a giant screen that surrounded the stage: how many people were born so far this year; how...