BACKDOC: ABOUT A YEAR AGO I TALKED ABOUT THE ACCIDENT ON PURPOSE. WE HAVE CLEARLY SEEN DELAY AFTER DELAY OF THE IMF IN DEALING WITH THE GREECE DEBT ISSUE.
NOW AFTER SEEING THE SHENZENG AGREEMENT BEING TORN APART BY A VERY WELL ORCHESTRATED MIGRANT CRISIS. NOW WE SEE A VERY TIMED JUNE 23rd DEADLINE TO DETERMINE WHETHER A BREXIT WILL OCCUR IN THE EU.
ITS QUITE INTERESTING THEY USE THE TERM FREEZE. (see article below) LOL. WILL THIS VOTE DETERMINE WHETHER A FINANCIAL ACCIDENT OCCURS? Mmmmm
CAN YOU IMAGINE A FREEZING OF FUNDS STARTING IN GREECE AND SPREADING FROM THERE QUICKLY?
NO DOUBT WE ARE HEADED TO A SERIOUS ISSUE 8@8, DOC IMO
Thunderhawk: IMF Fears EU Membership Vote in UK to Paralyze Decision Making
EU leaders will have to work hard on two fronts this summer if they want to keep old traditions within the union. WikiLeaks released information that the IMF fears that a possible Greek default on its debt will coincide with Britain’s referendum on its EU membership and freeze the EU’s decision-making process.
The whistleblowing organization obtained information from a discussion on March 19, 2016, between two top IMF officials — Poul Thomsen, the head of the IMF's European department, and Delia Velculescu, the IMF mission chief for Greece.
The top IMF experts believe that a possible Greek default on its third bailout would coincide with Britain's possible Brexit and it would be hard for the EU to deal with two major events at the same time.
"This is going to be a disaster," Velkouleskou said during the meeting.
According to the leaked conversation, the IMF wants to tell Germany that it will leave the Troika, composed of the IMF, European Commission and the European Central Bank, if the IMF and the Commission cannot reach an agreement regarding the Greek bailout.
The IMF chiefs want Greece to accept more austerity measures, such as raising taxes and cutting pensions. According to the leaked conversation, Greece needs to accept more of these draconian measures or the EU will face the threat of "an imminent financial catastrophe."
However, the Brexit referendum in June "will paralyze European decision making at the critical moment," the IMF officials fear, according to WikiLeaks.
The Greek economy has been severely strained for several years, because of the country's multibillion-euro debt accumulated as a result of the 2008 world economic crisis.
Last August, the Troika approved an 86-billion-euro bailout package aimed at re-building Greece's economy in exchange for reforms and austerity measures.
Meanwhile Britain will vote on whether or not the country should remain in the EU. Supporters of Britain exiting the union argue that EU membership has eroded the nation's independence to make laws, direct its economy and control its national borders. Opponents say that leaving the EU could seriously harm Britain's economy.
Thunderhawk: CBI chief assigns banks to enforce Supreme Leader's guidelines
Tehran, April 2, IRNA – Governor of the Central Bank of Iran Valiollah Seif on Saturday called for integration of the banking network for materialization of the motto of 'Resistance Economy, Action and Implementation.'Seif made the remarks in a meeting to a group of senior officials of the Iranian banks.
Seif said regarding designation of this year by the Supreme Leader of Islamic Revolution Ayatollah Seyed Ali Khamenei as the Year of 'Economic Resistance; Action and Implementation,' the banking system shoulders a grave task to materialize the goals.
He noted that appropriation of the financial resources towards different economic sectors should be made with maximum care to serve the goals of the new year designated by the Supreme Leader.
Thunderhawk: 97,000 tons of goods exported to Iraq through Mehran border last year
Ilam, April 2, IRNA – Over 97,000 tons of standardized goods were exported to Iraq through the international border of Mehran last year (ended March 19), said head of Merhan Standards Department.
[97,000 tons of goods exported to Iraq through Mehran border last year]
Jafar Farhad-Beigi told IRNA Saturday that the amount of exports was made as a result of constant examination, supervision and control by the experts.
He added that the imported items included construction materials, minerals, leather, textiles and foodstuff.
The official also said that the Standard Department regularly visits the factories and carefully examines the products to ascertain that the goods fully comply with standards set by the Institute of Standards and Industrial Research of Iran (ISIRI).
Border city of Mehran located 85 kilometers southwest of Ilam is one of the most significant export centers to Iraq, from where over 600 lorries of goods enter the neighboring country each day.
Asia-Pacific leaders adopt action plan for sustainable development regional financing
Tehran, April 2, IRNA – The Asia-Pacific leaders have agreed on measures to generate additional financial resources to tackle economic, social and environmental challenges in the region.
The agreement was made at the First High-Level Follow-up Dialogue on Financing for Development in Asia and the Pacific, held in Incheon, South Korea last week.
The new regional follow-up framework provides a foundation for implementing the global Addis Ababa Action Agenda and for achieving the Sustainable Development Goals.
The forum was co-hosted by the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) and the Government of the Republic of Korea in Incheon from 30 to 31 March. More than 200 senior policymakers, from 41 countries, participated, with the meeting officially opened bythe Deputy Prime Minister and the ViceForeign Minister of the Republic of Korea.
“Asia-Pacific’s track record of achievements and the potential for unleashing both resource mobilization and private investment, give us confidence that the region will act to implement the Addis Agenda,” said United Nations Under-Secretary-General and Executive Secretary of ESCAP, Dr. Shamshad Akhtar. “It will be important for the region to strategize to mitigate the downside risks that could complicate the development scenario if not effectively managed. Strong macroeconomic management, supported by productivity enhancement, will generate sufficient growth to facilitate effective resource mobilization.
“The region needs to develop a strategy to not only unleash its tax potential, but to deepen its capital markets to more effectively channel private funds into infrastructure development. It will also be important to deploy institutional investor’s funds to enhance the liquidity of capital markets, while offering the long-term funding needed for sustainable infrastructure,” she added.
The Deputy Prime Minister and Finance Minister of the Republic of Korea, Mr. Yoo Il Ho, vowed to help Asia-Pacific countries to better engage the private sector for financing development: “To make sure private finance flows into developing countries, Korea will put its focus on policy advice and capacity building to improve the financial system and institution and to nurture capital markets of developing countries,” said Mr.Yoo.
The participants identified a number of priority areas for action including setting up an Asia Pacific tax forum for sustainable development. “Many countries in the Asia-Pacific region have not been able to fully realize their potential due to their weak institutional foundation, inefficient tax administration, limited human capacity, and low tax compliance,” emphasized Mr. Cho Tae Yeol, Vice Minister of Foreign Affairs of the Republic of Korea. The proposed Asia-Pacific tax forum will serve as an inclusive and broad-based platform for dialogue and cooperation among countries on tax matters.
Senior officials also called for the establishment of a new regional and cross-regional multilateral infrastructure-financing forum, which would enhance the support for cross-border infrastructure projects, as well as stronger regional cooperation in information sharing and macroeconomic monitoring and surveillance in view to support capital market development in Asia and the Pacific.
Member States recognized the importance of taking appropriate mitigation and adaptation actions, including mobilizing additional resources to complement national actions taken by Asia-Pacific countries to address the impact of climate change, and recommended the establishment of a Regional Center for Small Island Developing States (SIDS) to support the capacity building activities in areas related to climate change.
These approaches were seen as being not only important channels for funding development programmes but also for providing new opportunities to share best practices, skills and expertise among developing countries, sub-regions and regions.
In mid-April, the Korean government and ESCAP will co-host a high-level side event at the ECOSOC Forum on Financing for Development at UN Headquarters in New York, to present the outcome of this meeting. The outcomes of this meeting will inform deliberations at the ECOSOC Forum on Financing for Development at UN Headquarters in New York later this month, as well as the 72nd Commission session of ESCAP in May
Mountainman: Has Social ism/Communism ever Been Successful???..... Are Americans leaving in Droves to get to these Countries???......
Chechen Leader Warns US Financial 'Pyramid' to Fall Apart 'Soon Enough'
The United States has built a financial pyramid to siphon off global money into its own economy, but this scheme will unravel soon, the acting leader of Russia's Chechen Republic said.
The United States has the world’s largest national debt which surpassed $19 trillion this year. The cause has been attributed to excessive government spending, mandatory entitlement programs as well as a steep decline in tax revenue following the 2008 financial crisis.
"They are not investing their own money, it is our money they are investing," Ramzan Kadyrov claimed.
"Look at their debt. They are running a clever scheme. It is a pyramid and it is bound to fall apart. We will see that soon enough."
"How many [US] cities have already become ghost towns? They are impossible to maintain, there is no life there, entire cities lie abandoned," Kadyrov continued.
The Michigan city of Detroit became the largest city in US history to be declared bankrupt in 2013. It has recently come out of bankruptcy, but was warned it should not expect new money coming from the federal government.