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Keyword: imf

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  • IMF Urges Ukraine to Honor Emergency Funding Obligations

    07/26/2014 11:28:41 AM PDT · by tcrlaf · 3 replies
    NASDAQ ^ | 7-25-2014 | Ian Talley
    The International Monetary Fund has urged Ukraine's fragile government to honor its bailout obligations, a sign the fund is concerned a breakdown in the country's coalition could jeopardize its emergency financing package. Ukraine's ruling coalition broke up on Thursday, with Prime Minister Arseniy Yansunyuk submitting his resignation, jeopardizing passage of a supplementary budget that may be needed for the IMF's executive board to approve the next tranche of financing in late August. The fund said IMF Managing Director Christine Lagarde discussed the implications of the political developments with President Petro Poroshenko and Mr. Yatsenyuk by telephone on Friday. (SNIP) The...
  • If the West doesn’t do more for Ukraine now, it might soon be too late

    07/25/2014 8:10:24 AM PDT · by 1rudeboy · 23 replies
    WP ^ | July 24, 2014 | Editorial Board
    VLADIMIR PUTIN has responded to the international outrage over the destruction of a Malaysian airliner by his proxies in eastern Ukraine by escalating his aggression. According to U.S. officials, tanks, artillery and other heavy weapons have continued to cross from Russia to Ukraine since the passenger jet was shot down. On Wednesday, two more Ukrainian military jets were hit by anti-aircraft missiles, which Ukrainian officials said had been fired from Russia. The State Department also said Thursday that Russian artillery was firing at Ukrainian positions from across the border. The Russian president is clearly not impressed by Western responses to...
  • Obama Aide Says Impeachment Threat Taken Seriously

    07/25/2014 7:15:31 AM PDT · by Jet Jaguar · 41 replies
    AP ^ | July 25, 2014 | AP
    One of President Barack Obama's top advisers says the White House takes seriously the possibility that House Republicans could pursue impeachment of the president. Senior White House adviser Dan Pfeiffer told reporters Friday that the GOP has already "opened the door for impeachment" by contemplating suing the president over his use of executive authority. He says that any further executive action Obama may sign this year on immigration will "up the likelihood" of Republicans pursuing that path.
  • MH17: By defying the West, bully-boy Vladimir Putin could lead Russia to ruin

    07/23/2014 11:57:11 AM PDT · by Tailgunner Joe · 48 replies
    telegraph.co.uk ^ | July 22, 2014 | Con Coughlin
    The most important thing for European ministers to remember during this crisis is how little they actually have to fear from Mr Putin – for Russia needs the West far more than the West needs Russia. Indeed, there is every possibility that denying Moscow access to the global capital markets, which is the strategy at the heart of Washington’s latest sanctions initiative, could ultimately result in Mr Putin’s downfall. For a start, thanks to the mismanagement and corruption that have dogged Russia’s economy since Mr Putin came to power, the country has nothing much else to offer other than its...
  • IMF Cuts US GDP From 2.0% To 1.7%. US Retail Sales Forecast Slashed From 4.1% To 3.6%: Winter Blamed

    07/23/2014 9:25:52 AM PDT · by SeekAndFind · 17 replies
    Zero Hedge ^ | 07/23/2014 | Tyler Durden
    This is what happens when a priced to perfection global economy (and well beyond perfection based on the S&P 500) runs into the utterly and completely unpredictable and unforseeable "harsh winter weather."First, the IMF just cut (again) its forecast for US GDP, this time from 2.0% to the consensus-estimate 1.7%. The IMF cited the 1Q contraction, which from a +3% original estimate ended up being that, just with a minus sign. It also says second-half growth to accelerate... because it must! Some other brilliant points from the IMF:IMF staff: U.S. to reach full employment “only by end-2017”“The economy is...
  • MH17: Pinning Everything on Putin Is Too Easy

    07/22/2014 2:04:20 AM PDT · by 2ndDivisionVet · 39 replies
    Breitbart's London ^ | July 21, 2014 | M.E. Synon
    (VIDEO-AT-LINK)The British newspapers, like the British government, are pinning the blame for the Malaysian Airlines disaster on Putin. Most Americans, whether Democrats or Republicans, would see things the way these UK headlines do: "Putin is a pariah – he must be treated as such" "Britain and America implicate Russia in Flight MH17 missile attack" "Two British families killed by 'Putin the terrorist'" And over a column written by Prime Minister David Cameron, this headline: "This is an outrage made in Moscow" However, some well-informed conservatives in Britain are pointing the finger for the war in Ukraine not at Putin, but...
  • Clinton: US, Europe should get tough on Russia (Is it Re-Reset Button time already?)

    07/21/2014 8:06:11 PM PDT · by NormsRevenge · 25 replies
    Yahoo! News ^ | 7/21/14 | Ken Thomas - ap
    WASHINGTON (AP) — Hillary Rodham Clinton said Monday that the U.S. and Europe should work together to develop tougher sanctions on Russia while she backed President Barack Obama's calls for a thorough investigation into the passenger jet that was shot down last week over Ukraine. Clinton said in a Facebook chat from the company's headquarters in Menlo Park, California, that tougher sanctions would make clear to Russian President Vladimir Putin "that there is a price to pay for this kind of behavior." The former secretary of state said she agreed with Obama's comments earlier Monday urging "immediate and full access"...
  • Russian Media on Downed Airliner: The CIA Did It

    07/21/2014 1:16:53 PM PDT · by Tailgunner Joe · 79 replies
    nbcnews.com ^ | July 21, 2014
    Just one day after the horrific tragedy that left 298 people dead, Russia's Channel One ran a package telling its audience that the entire incident was orchestrated by the United States, specifically by the CIA. A document was broadcast purportedly showing that the U.S. was planning to do the same thing during the 1962 Cuban Missile Crisis. Viewers learned that the "U.S. orchestrated this because Ukrainian government is not sophisticated enough to orchestrate this," according to the broadcast, which was translated from the original Russian by CNBC. According to Channel One, Russia's swift economic growth has inspired the United States...
  • Ron Paul Says U.S. May Share Responsibility for Malaysia Airlines Plane Crash

    07/21/2014 12:17:32 PM PDT · by Tailgunner Joe · 33 replies
    time.com ^ | July 21, 2014 | Jay Newton-Small
    Former Republican presidential candidate Ron Paul claimed Sunday that the U.S. and European Union may share responsibility for the downing of a Malaysia Airlines plane over Ukraine last week. “While western media outlets rush to repeat government propaganda on the event, there are a few things they will not report,” Paul, a former Republican congressman from Texas, wrote on his website. “They will not report that the crisis in Ukraine started late last year, when the EU and U.S. overthrew the elected Ukrainian president, Viktor Yanukovych. Without U.S.-sponsored ‘regime change,’ it is unlikely that hundreds would have been killed in...
  • The dollar's 70-year dominance is coming to an end

    07/19/2014 1:33:03 PM PDT · by markomalley · 36 replies
    The Telegraph ^ | 7/19/2014 | Liam Halligan
    In early July 1944, delegates from 44 countries gathered at the Mount Washington Hotel in Bretton Woods, New Hampshire. A three-week summit took place, at which a new system was agreed to regulate the international monetary and financial order after the Second World War. The US was already the world’s commercial powerhouse, having eclipsed the British Empire several decades earlier. America was also on course to be among the victors of “Europe’s conflict”, even though its economy was largely unscathed by war. As such, Bretton Woods was US-dominated and produced a settlement largely on US terms. Seventy years ago this...
  • Malaysia Airlines Crash: UN Security Council Sets Urgent Meeting on Ukraine

    07/17/2014 11:30:19 PM PDT · by tcrlaf · 117 replies
    NDTV ^ | 6-18-2014 | NDTV
    United Nations: The UN Security Council will hold an emergency meeting today morning on Ukraine. Britain's UN Mission said yesterday it requested the meeting and later tweeted that it is set for 10 am today. The request follows Wednesday's downing of a Ukrainian air force fighter and yesterday's downing of a Malaysia Airlines passenger plane carrying 295 people over eastern Ukraine. Britain has proposed a Security Council press statement calling for "a full, thorough and independent international investigation into the incident." The statement, obtained by The Associated Press, was circulated to all 15 council members, who must approve it before...
  • UKRAINE: WE DID NOT SHOOT AT ANY PLANE

    07/17/2014 9:29:01 AM PDT · by Biggirl · 42 replies
    Associated Press ^ | July 17, 2014 | Peter Leonard
    KIEV, Ukraine (AP) -- Ukraine's president says his country's armed forces did not shoot at any airborne targets, after reports that a Malaysian Airlines plane went down over Ukraine.
  • Open thread: Obama to deliver statement at 6:45 ET feigning interest in border crisis

    07/09/2014 3:19:39 PM PDT · by lilyramone · 157 replies
    HotAir ^ | July 9, 2014 | AllahPundit
    He’s busy with fundraisers today and probably bowling or miniature golf or something, but he’s going to squeeze in a few brief remarks on why he’s not much interested in summarily deporting the hundreds of thousands of illegals who are on their way from Central America. You ready? The long-awaited tarmac handshake with Perry is already on the books:
  • Sarah Palin just joined the ‘impeach Obama’ crowd. That’s bad news for the GOP.

    07/08/2014 1:36:07 PM PDT · by 2ndDivisionVet · 102 replies
    The Washington Post's The Fix ^ | July 8, 2014 | Aaron Blake
    Sarah Palin on Tuesday joined a growing chorus of Republicans calling for the impeachment of President Obama, writing in a Breitbart op-ed that the influx of young illegal immigrants over the southern border "is the last straw that makes the battered wife say, 'no mas.' " Mixed/careless metaphors aside, this is nothing but bad news for Republicans — especially four months until the 2014 election. Palin is hardly the first GOP politician to raise the issue of impeachment over the past couple years. Others include Sens. James Inhofe (R-Okla.), Tom Coburn (R-Okla.) and Tim Scott (R-S.C.), Reps. Blake Farenthold (R-Tex.),...
  • Expropriation Is Back - Is Christine Lagarde The Most Dangerous Woman In The World?

    07/04/2014 12:58:01 PM PDT · by Lorianne · 13 replies
    Zero Hedge ^ | 04 July 2014 | Tyler Durden
    I have gone on record that the most dangerous organization is the now French led IMF with Christine Lagarde at the helm, which has presented a concept report that debt cuts for over-indebted states are uncompromising and are to be performed more effectively in the future by defaulting on retirement accounts held in life insurance, mutual funds and other types of pension schemes, or arbitrarily extending debt perpetually so you cannot redeem. Yes you read correctly, The new IMF paper is described in great detail exactly how to now allow the private sector, which has invested in government bonds, to...
  • Russia’s top 40 lies about Ukraine

    06/20/2014 10:35:39 AM PDT · by Agog · 15 replies
    examiner.com ^ | 06/18/2014 | Julia Davis
    Russia’s aggressive propaganda machine keeps churning out falsehoods, provocations and outright lies about the situation in Ukraine. In spite of being repeatedly exposed, it shows no signs of slowing down. Disinformation is being laid on thick and poured out in a variety of forums: streaming down from the Kremlin, to Russia’s mainstream media, on to bloggers, down to useful idiots and hordes of paid trolls, who plague comment sections of articles about Ukraine and spread vitriol, hatred and blatant lies all over the social media.
  • The Bankers Want Putin’s Head

    06/18/2014 10:37:05 AM PDT · by Renfield · 16 replies
    Fig Trees and Vineyards ^ | 5-24-2014 | Ariadna Theokopoulos
    The international bankers want Putin’s head and they have $20,000,000,000 painful reasons. A recent revelation by a French source details Putin’s incredible double coup that made Russia gain $20 billion in a few days and recover most of the shares owned by West European and American investors in Russia’s largest energy companies. The foreign (American and European) ownership of a large portion of shares in the energy industry meant that almost half of the revenues of the gas and oil industry did not go into the coffers of the Russian Federation, but into the pockets of Western financial ‘sharks,’ as...
  • Blowback! U.S. trained ISIS at secret Jordan base

    06/17/2014 10:09:56 AM PDT · by detective · 108 replies
    WND ^ | 6/16/2014 | Aaron Klein
    JERUSALEM – Members of the Islamic State of Iraq and the Levant, or ISIS, were trained in 2012 by U.S. instructors working at a secret base in Jordan, according to informed Jordanian officials. The officials said dozens of ISIS members were trained at the time as part of covert aid to the insurgents targeting the regime of Syrian President Bashar al-Assad in Syria. The officials said the training was not meant to be used for any future campaign in Iraq. The Jordanian officials said all ISIS members who received U.S. training to fight in Syria were first vetted for any...
  • Welcome Our Newest Ally! Iran!

    06/17/2014 11:27:10 AM PDT · by Kaslin · 17 replies
    Townhall.com ^ | June 17, 2014 | John Ransom
    The United States is considering airstrikes against Islamic rebels with our newest ally, um, Iran. from Reuters: Joint action between the United States and Iran to help prop up the government of their mutual ally would be unprecedented since Iran's 1979 revolution, demonstrating the urgency of the alarm raised by the lightning insurgent advance. As a courtesy to those readers who don't speak Obama, let me provide a translation: "We've screwed up so badly that we have to have enemies like Russia, China, and Iran bail us out in foreign policy and war, over and over and over again." This...
  • Italy's Berlusconi says was forced from office by EU 'plot'

    05/14/2014 3:09:13 AM PDT · by blueplum · 6 replies
    Reuters ^ | May 14, 2014 5:56am EDT | by James Mackenzie; Editing by Catherine Evans
    (Reuters) Rome - Former Italian Prime Minister Silvio Berlusconi repeated accusations on Wednesday that he was forced out of office at the height of the euro zone crisis in 2011 as the result of a "plot" by European Union officials. Berlusconi's comments followed the publication in Italy of extracts from a new book by former U.S. Treasury Secretary Tim Geithner which suggested that EU officials had approached the U.S. government with a project to force Berlusconi to resign. "They wanted us to refuse to back IMF loans to Italy as long as he refused to go," Geithner's book "Stress Test:...
  • Ukrainian Crisis is about Taxes

    05/09/2014 4:04:00 AM PDT · by Rashputin · 32 replies
    American Thinker ^ | May 9. 2014 | Chriss Street
    The bloody crisis between the pro-Western two thirds of Ukraine and pro-Russian third of the country is about taxes. The recent $17 billion International Monetary Fund (IMF) loan required Ukraine on May 1st to raise taxes and increase natural gas prices by 50%. With about 58% of the Ukraine’s industry in the eastern zone and workers there making about 50% higher wages, the east is paying the majority of the tax increase. Although residential users will not feel pain from the natural gas price increase until fall, eastern heavy industry is feeling the pain immediately. With the corrupt west raising...
  • It's not Russia that's pushed Ukraine to the brink of war

    05/01/2014 5:01:06 AM PDT · by McGruff · 74 replies
    The Guardian ^ | 30 April 2014 | Seumas Milne
    It's not Russia that's pushed Ukraine to the brink of war The attempt to lever Kiev into the western camp by ousting an elected leader made conflict certain. It could be a threat to us all The threat of war in Ukraine is growing. As the unelected government in Kiev declares itself unable to control the rebellion in the country's east, John Kerry brands Russia a rogue state. The US and the European Union step up sanctions against the Kremlin, accusing it of destabilising Ukraine. The White House is reported to be set on a new cold war policy with...
  • Van Rompuy: If The Public Doesn`t Want EU Expansion, 'WE DO IT ANYWAY (unelected EU president)

    05/02/2014 7:27:32 AM PDT · by opentalk · 7 replies
    Breitbart London ^ | May 1, 2014 | M.E. Synon
    In a crass and ill-timed intervention, the unelected president of the European Council Herman Van Rompuy has warned Vladimir Putin that the EU intends ultimately to control every country on the western flank of Russia. In an interview with De Standaard newspaper, Van Rompuy speaks about his “dreams” that all the Balkan states will join the EU. He calls it an “inspiring thought” that in the long term “the whole of European territory outside Russia” will be tied in some way to the EU. He admits he does not know if there is public support for such a move, “But we do...
  • America Should Copy Europe…if the Goal Is Stagnation and Lower Living Standards

    04/29/2014 9:06:22 AM PDT · by Kaslin · 7 replies
    Townhall.com ^ | April 29, 2014 | Daniel J. Mitchell
    I periodically (some would say over and over and over again, though occasionally made more palatable by using humor and cartoons) warn that the United States should not become a European-style welfare state. But I wonder whether I spend enough time explaining why this would be a bad idea. After all, some people may think that you get more security and benefits with the European approach, so why not head in that direction. And these folks aren’t just pointing with approval to the Nordic nations. A writer for the New York Times actually thinks we should copy Italy. So it...
  • Who Is Thomas Piketty And Why Has The Obama White House Rolled Out The Red Carpet For Him?

    04/27/2014 6:58:17 AM PDT · by Usagi_yo · 31 replies
    Townhall ^ | April 27 2014 | Hunter Lewis
    He has not only been feted recently by White House advisors. He is all the rage at the Council on Foreign Relations, the International Monetary Fund, and the United Nations as well. This 42 year economist from French academe has written a hot new book: Capital in the Twenty-First Century. A recent review describes him as the man “who exposed capitalism’s fatal flaw.”
  • IMF offers Ukraine bailout as Yulia Tymoshenko enters presidential race

    04/16/2014 1:28:04 PM PDT · by PieterCasparzen · 2 replies
    theguardian ^ | 3/27/2014 | Alec Luhn
    Ukraine's controversial opposition leader, Yulia Tymoshenko, has formally joined the race to become the country's president, on the same day as the huge task facing the new leadership was underscored by a tough IMF aid package that will foist deep austerity on the country. ... Whoever wins the vote on 25 May will face a tough task. The International Monetary Fund on Thursday offered Ukraine a bailout of up to $18bn (Ł10.9bn) over two years, in return for harsh economic reforms that may well worsen living standards for the already impoverished population. Further IMF aid will be unlocked if austerity...
  • IMF Announces Staff Level Agreement with Ukraine on US$14-18 Billion Stand-By Arrangement

    04/15/2014 5:37:05 PM PDT · by PieterCasparzen · 2 replies
    ... At the conclusion of the visit, Nikolay Gueorguiev, Mission Chief for Ukraine, issued the following statement today in Kyiv: “The mission has reached a staff-level agreement with the authorities of Ukraine on an economic reform program that can be supported by a two-year Stand-By Arrangement (SBA) with the IMF. ... The agreement reached with the authorities is subject to approval by IMF Management and the Executive Board. ... Ukraine’s macroeconomic imbalances became unsustainable over the past year. ... Measures implemented in February and March helped stabilize financial markets and ensured that critical budget payments have been met. Nonetheless, the...
  • WATCH: Cruz Explains In Under Two Minutes Why Ukraine Aid And IMF Changes Shouldn't Be In Same Bill

    03/14/2014 2:22:31 PM PDT · by SoConPubbie · 7 replies
    Heritage - The Foundry ^ | March 14, 2014 at 12:05 pm | Katrina Trinko
    SEE YOUTUBE RECORDING OF Sen. Cruz's SPEECH HEREIn a speech on the Senate floor last night, Sen. Ted Cruz lambasted legislation that tied aid to Ukraine with changes to how much the United States gives to the International Monetary Fund.“These IMF provisions, if passed into law, would dramatically expand the financial exposure of the United States of America, effectively doubling our contribution, expanding our exposure,” said the Texas Republican.“We should not be opening up the U.S. taxpayers to billions in additional financial liability without a debate on the merits,” Cruz added. “It shouldn’t be just tied to Ukranian aid and...
  • US Pays Half Of Gazprom's Overdue Invoice With $1 Billion Ukraine Loan Guarantee

    04/14/2014 8:00:00 AM PDT · by tcrlaf · 43 replies
    Zerohedge ^ | 3-14-2014 | Tyler Durden
    With Ukraine no longer paying for Russian gaz, and with Gazprom making it clear Kiev has to a) first pay the overdue $2+ billion in invoice and then b) prepay some $5 billion in gas until the end of the year of Europe gets it, it was only a matter of time before the US Treasury stepped in and paid off part or all of Gazprom's demands. That time is now, when moments ago Jack Lew announced a $1 billion loan guarantee for Ukraine - very much the same way that the US provided billions in loan guarnatees for the...
  • The IMF Is Sleepwalking Into Another Global Economic Catastrophe

    04/13/2014 6:39:05 AM PDT · by blam · 5 replies
    BI - The Guardian ^ | 4-13-2014 | PHILLIP INMAN, The Guardian
    The IMF Is Sleepwalking Into Another Global Economic Catastrophe The Guardian PHILLIP INMAN, The Guardian Apr. 12, 2014, 7:22 PM The complacency is palpable. Despite some dire warnings about risky trading and the threat posed by overly indebted banks, the mood last week at the International Monetary Fund's spring conference was one of calm. We have turned a corner since the financial crisis, the Washington-based organisation says. Normality is returning. And this will mean establishing normal interest rates (up from 0.5% in the UK to 2%-3%, according to Mark Carney), restoring normal inflation and generating steady growth in the west...
  • Finance officials: Global economy turns the corner (so says policy-setting panel of IMF)

    04/12/2014 5:37:22 PM PDT · by NormsRevenge · 20 replies
    Yahoo! News ^ | 4/12/14 | Martin Crutsinger and Harry Dunphy - ap
    WASHINGTON (AP) — The world's top finance officials expressed confidence Saturday that the global economy finally has turned the corner to stronger growth. This time, they may be right. Despite challenges that include market jitters about the Federal Reserve's bond-buying slowdown and global tensions over Ukraine, policymakers said they believe there is a foundation for sustained growth that can provide jobs for the millions of people still looking for work five years after the worst recession since the Great Depression of the 1930s. "Creating a more dynamic, sustainable, balanced and job-rich global economy remains our paramount collective goal," the policy-setting...
  • G20 gives U.S. year-end deadline for IMF reforms

    04/11/2014 1:52:23 PM PDT · by Oldeconomybuyer · 1 replies
    Reuters ^ | April 11, 2014 | By Louise Egan and Anna Yukhananov
    Finance chiefs from around the globe on Friday gave the United States until year-end to ratify long-delayed reforms to the International Monetary Fund and threatened to move forward without it if it fails to do so. The inability to proceed with giving emerging markets a more powerful voice at the IMF and shoring up the lender's resources appeared the most contentious issue. In a final communiqué, G20 finance ministers and central bankers said they were "deeply disappointed" with the delay. "I take this opportunity to urge the United States to implement these reforms as a matter of urgency," Australian Treasurer...
  • Russia Helped Ukraine, But Now Ukraine Needs More, IMF's Lagarde Says

    04/03/2014 11:41:28 PM PDT · by wetphoenix · 15 replies
    Forbes ^ | 4/03/2014 @ 12:22PM | Kenneth Rapoza
    Russia wasn’t all bad for Ukraine. A 45% reduction in the price of natural gas and what was supposed to be an additional $15 billion in aid was a necessary “lifeline”, the International Monetary Fund’s Christine Lagarde said on Wednesday. Speakqing to PBS News Hour on April 2, IMF's Managing Director Lagarde said, “The economy of Ukraine was against the wall and heading for disaster. It’s an economy that needed reforms, that Ukraine needed profound transformation of its fiscal policy, monetary policy and on its policy on energy to mention just the key ones. Without the lifeline it was getting...
  • Yushchenko, hero of Ukraine’s Orange Revolution warns Europe that Putin won’t stop at Crimea

    03/28/2014 6:34:25 AM PDT · by afraidfortherepublic · 17 replies
    McClatchy DC ^ | 3-27-14 | Mathew Schofield
    KIEV, Ukraine — To Viktor Yushchenko, the man at the heart of Ukraine’s Orange Revolution a decade ago, March 2014 looks a lot like August 1939. Europe, once again, is at war. But Europe is also, once again, refusing to realize it and react. Yushchenko, the former Ukrainian president who has spent much of his political life at odds with Russian President Vladimir Putin, and incurred his wrath, says there should not be any doubt about what is going on: Putin’s Russia has been waging economic and information war on his country for years. It has now added a territorial...
  • How Conservatives Win

    03/27/2014 12:41:46 PM PDT · by cotton1706 · 7 replies
    heritage.org ^ | 3/27/14 | Mike Needham
    It should come as no surprise The New York Times would bury news of a conservative victory over President Obama on page eight. The lead paragraph said it all: Senate Democrats, bowing to united House Republican opposition, dropped reforms of International Monetary Fund governance from a Ukraine aid package on Tuesday. The real question is whether this was merely a moment in time or a seminal shift in how congressional Republicans will approach future showdowns. And to be clear, future showdowns are inevitable if we are to achieve any conservative policy victories. Before going further, it is important to explain...
  • IMF throws Ukraine financial lifeline, Russia growth slumps

    03/27/2014 9:39:22 AM PDT · by 1rudeboy · 5 replies
    Reuters ^ | March 27, 2014 | Natalia Zinets and Elizabeth Piper
    (Reuters) - Ukraine won a $27-billion international financial lifeline on Thursday, rushed through in the wake of Russia's annexation of Crimea, while Moscow's economy minister acknowledged that his country's growth would slow dramatically as funds flee abroad. The International Monetary Fund announced a $14-18 billion standby credit for Kiev in return for tough economic reforms that will unlock further aid from the European Union, the United States and other lenders over two years, effectively pulling Kiev closer to Europe. Raising the political temperature, former prime minister Yulia Tymoshenko, released from jail last month after her arch-rival Viktor Yanukovich fled from...
  • Ted Cruz Blocks Senate From Giving $68 Billion As Gift To IMF…… And Guess What Harry Reid Backs Down

    03/26/2014 5:44:18 PM PDT · by cotton1706 · 25 replies
    video at link
  • How Ted Cruz killed IMF expansion: A timeline

    03/26/2014 5:53:26 PM PDT · by cotton1706 · 11 replies
    dailycaller.com ^ | 3/26/14 | Matt Lewis
    On Tuesday, Senate Democrats dropped International Monetary Fund reforms that were holding up passage of an aide package for Ukraine. Conservatives declared victory, having always viewed the inclusion of the reforms as (at best) a non sequitur, and (at worst) potentially harmful (as the New York Times reported, the reforms would have ironically given more authority “to emerging economic heavyweights like China, Brazil — and Russia.”) In the end, Senate Minority Leader Mitch McConnell’s prediction that the GOP-led House wouldn’t pass the bill without stripping the provisions, and Secretary of State John Kerry’s signaling to Majority Leader Harry Reid that...
  • Sen. Ted Cruz with Neil Cavuto

    03/25/2014 2:32:25 PM PDT · by Whenifhow · 10 replies
    http://www.youtube.com ^ | March 25, 2014 | SenTedCruz
    Senator Ted Cruz with Cavuto speaking about the IMF in the Ukraine aid package and Hobby Lobby issue before SCOTUS.
  • Beyond the Crimea Crisis: Comprehensive Next Steps in U.S.–Russian Relations

    03/25/2014 11:16:45 AM PDT · by 1rudeboy · 16 replies
    The Heritage Foundation ^ | March 25, 2014 | Nile Gardiner, Ph.D., Jack Spencer, Luke Coffey and Nicolas Loris
    AbstractOn February 28, Russian troops, aided by pro-Russian local militia, occupied important sites across the Crimean Peninsula under the pretext of “protecting Russian people.” Now Crimea is under Moscow’s de facto control and the Russian parliament has voted to annex the region into the Russian Federation. The failure of the Obama Administration’s Russian “reset,” the unilateral disarming of Europe, and the U.S. reduction of forces and disengagement from Europe have led Russia to calculate that the West will not respond in any significant way. The Administration can demonstrate America’s commitment to its NATO allies and support for the Ukrainian...
  • Democrats Likely to Drop IMF Provision From Ukraine Bill (Cruz draws more blood!)

    03/25/2014 11:25:28 AM PDT · by cotton1706 · 7 replies
    rollcall.com ^ | 3/25/14 | Humberto Sanchez
    Updated 1:51 p.m. | Democratic leaders seem on the verge of nixing the International Monetary Fund provision in a Ukraine aid package that House Republican leaders oppose, in what would amount to a victory for House Republican leaders and Sen. Ted Cruz of Texas and a defeat for the White House. Senate Foreign Relations Chairman Robert Menendez, D-N.J., conceded that removing the IMF provisions was the likely outcome. “The House Republican leadership is intransigent about IMF, despite the fact, that IMF, I think, is very important,” Menendez said Tuesday. “And if that’s the case, and there is no pathway forward,...
  • Harry Reid mulls dropping IMF from bill (Reid caves to Cruz)

    03/25/2014 10:51:32 AM PDT · by cotton1706 · 13 replies
    politico.com ^ | 3/25/14 | BURGESS EVERETT, JOHN BRESNAHAN and SEUNG MIN KIM |
    Senate Majority Leader Harry Reid is considering dropping a provision to reform the International Monetary Fund from a bill to help Ukraine — a move that could clear the way to send an aid package to the president’s desk. Republicans have balked at President Barack Obama’s call to include the language, vowing to reject the provisions in the House. The tussle in Congress over reforming the IMF has threatened the unified message officials in Washington had hoped to send to Russian President Vladimir Putin and those responsible for the invasion of Ukraine. A final decision on the IMF provision could...
  • Mark Levin Explodes on Mitch McConnell for Pressing Republicans To Join Harry Reid on Key Vote

    03/25/2014 7:03:10 AM PDT · by SterlingSilver · 7 replies
    BLAZE/AP ^ | Mar. 24, 2014 11:11pm | Jason Howerton
    WASHINGTON (TheBlaze/AP) — Conservative radio host Mark Levin exploded on Sen. Mitch McConnell (R-Ky.) and other GOP leaders on Monday for refusing to stand against “extraneous” funding for the International Monetary Fund currently included in a Ukraine aid bill. He accused McConnell of undermining House Republicans in the fight to pass a “clean” bill that only includes the $1 billion in loan guarantees to Ukraine and other U.S. sanctions of Russia. “[McConnell] delivered more than half of the Republican conference into the hands of Harry Reid and the Democrats, enabling them to gain leverage over the GOP-controlled House and pass...
  • Mark Levin Explodes on Mitch McConnell for Pressing Republican Senators to Join Harry Reid

    03/25/2014 5:37:26 AM PDT · by cotton1706 · 11 replies
    theblaze.com ^ | 3/24/14 | Jason Howerton
    WASHINGTON (TheBlaze/AP) — Conservative radio host Mark Levin exploded on Sen. Mitch McConnell (R-Ky.) and other GOP leaders on Monday for refusing to stand against “extraneous” funding for the International Monetary Fund currently included in a Ukraine aid bill. He accused McConnell of undermining House Republicans in the fight to pass a “clean” bill that only includes the $1 billion in loan guarantees to Ukraine and other U.S. sanctions of Russia. “[McConnell] delivered more than half of the Republican conference into the hands of Harry Reid and the Democrats, enabling them to gain leverage over the GOP-controlled House and pass...
  • Boehner Spokesman Calls Reid’s GOP/Crimea Comments ‘Unhinged’(PJ tops that!)

    03/24/2014 10:13:32 PM PDT · by smoothsailing · 11 replies
    PJ Media ^ | 3-24-2014 | STEPHEN KRUISER
    March 24, 2014 Boehner Spokesman Calls Reid’s GOP/Crimea Comments ‘Unhinged’ STEPHEN KRUISER Somebody had to say it. “The Senate Majority Leader sounds completely unhinged,” Boehner spokesman Michael Steel told Business Insider in an email. “The House has acted, and is continuing to act, in a reasonable and responsible way to give the White House the tools it needs to hold President Putin accountable.”Every time Reid opens his mouth something remarkably ignorant comes out of it. Nancy Pelosi may be devious and an awful person, but she’s not stupid (she does dumb it down for the cameras, I believe). Reid, however,...
  • Reid says GOP may have helped Russia annex Crimea

    03/24/2014 2:23:37 PM PDT · by Olog-hai · 82 replies
    Associated Press ^ | Mar. 24, 2014 4:31 PM EDT | Bradley Klapper
    Senate Majority Leader Harry Reid said Monday that Republicans may have helped Russia annex Ukraine’s Crimean Peninsula in a surprisingly sharp attack ahead of a test vote on a bill authorizing more U.S. sanctions on Russia and $1 billion in loan guarantees to Ukraine. […] Reid’s charge comes despite widespread support among Republicans and Democrats in Congress for providing Ukraine with much-needed economic assistance and hitting Russian President Vladimir Putin’s government with sanctions. …
  • Reid Remarks On Ukraine Aid Bill And The Anniversary Of The Affordable Care Act

    03/24/2014 5:30:35 PM PDT · by mdittmar · 10 replies
    U.S. Senate Majority Leader Harry Reid ^ | March 24, 2014 | | U.S. Senate Majority Leader Harry Reid
    As we begin debate on this aid and sanctions package, I also hope that Republicans who stopped action on this legislation prior to the break have considered how their obstruction affects United States’ national security.” “In light of such clear-cut Russian aggression against Ukraine, it’s difficult to believe Republicans blocked this package at all. But it’s almost unimaginable why they blocked it – to protect the anonymity of their own big-money donors. ““Democrats fought hard four years ago to pass this landmark expansion of quality, affordable health care. And we will fight just as hard to make this law work...
  • Republicans Declare Harry Reid 'Unhinged,' After He Says They May Have Helped Russia Annex Crimea

    03/24/2014 7:42:23 PM PDT · by smokingfrog · 39 replies
    Business Insider ^ | 3-24-14 | Brett Logiuratu
    A spokesman for Republican House Speaker John Boehner called Senate Majority Leader Harry Reid "unhinged" on Monday, after Reid charged Republicans may have had a helping hand in emboldening Russia to annex Crimea. "Since a few Republicans blocked these important sanctions last work period, Russian lawmakers voted to annex Crimea and Russian forces have taken over Ukrainian military bases," Reid said on the Senate floor Monday. "It's impossible to know whether events would have unfolded differently if the United States had responded to Russian aggression with a strong, unified voice." Reid was referring to the stalling of a Ukraine aid...
  • Ted Cruz Leads GOP's Fight Against IMF Expansion in Ukraine Aid Package

    03/24/2014 1:43:33 PM PDT · by SoConPubbie · 5 replies
    Heritage "The Foundry" ^ | March 22, 2014 at 3:51 pm | Rob Bluey
    Senate Majority Leader Harry Reid (D–Nev.) is facing a revolt among Republicans for adding controversial language to an aid package for Ukraine.The Senate is expected to vote on the Ukraine measure next week. The controversial provisions, which have support of the Obama administration and liberals from both parties, would increase U.S. financial support to the International Monetary Fund.A growing number of Republicans warn that attaching the IMF language would reduce U.S. power while expanding Russia’s influence on the global stage in the wake of its annexation of Crimea.>>> Q&A: Why Do Conservatives Oppose the IMF Reform Package?Yesterday, Sen. Ted Cruz...
  • Crimea leaders urges Ukraine’s Russians to fight Kiev

    03/23/2014 6:29:20 AM PDT · by elhombrelibre · 3 replies
    Times of Oman ^ | 23 Mar 14 | By AFP
    Kiev: Crimea's rebel leader urged Russians across Ukraine on Sunday to rise up against Kiev's rule and welcome Kremlin forces whose unrelenting march against his flashpoint peninsula has defied Western outrage. The call came amid growing anxiety among Kiev's Western-backed rulers that Russian President Vladimir Putin — flushed with expansionist fervour — will imminently order an all-out attack on his ex-Soviet neighbour after being hit by only limited EU and US sanctions for taking the Black Sea cape. "The aim of Putin is not Crimea but all of Ukraine," Ukraine's National Security and Defence Council chief Andriy Parubiy told a...