imf

IMF chief economist Oliver Blanchard has admitted that they blew the forecasts for Greece and other Eurozone nations, namely underestimating the fiscal multipliers. In other words, he is admitting that they overestimated the effectiveness of austerity in these countries. Yet another stab in...

BRICS nations are looking to help fulfill the IMF's request for more funds as the international organization looks to further support the EU through its current situation. China, Russia, and Brazil are all pledging money, although Brazil is looking for more voting rights in return. source...