Latest IMF data helps us see how political choices impact on health and economic outcomes

April 7, 2021 Underground

The IMF recently updated their – World Economic Outlook database – April 2021 – which allows for quick cross country comparisons. It shows that the: Eurozone has categorically failed & Austerity is a political choice and it doesn’t work. Meanwhile, China’s GDP growth per capita over the same period is over 100%, … Continue reading Latest IMF data helps us see how political choices impact on health and economic outcomes

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Austerity to blame for 130,000 ‘preventable’ UK deaths – report | The Guardian

June 1, 2019June 1, 2019 Underground

Two decades of public health improvements have stalled, says IPPR thinktank What’s even more appealing is that there was no need for the cuts in funding. Source: Austerity to blame for 130,000 … Continue reading Austerity to blame for 130,000 ‘preventable’ UK deaths – report | The Guardian

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Macroeconomic malpractice in action | FT Alphaville

January 8, 2019January 8, 2019 Underground

Why the IMF’s insistence that Jamaica runs a primary surplus of 7% constitutes bad macroeconomics which must be called out. #IMF policies are “economic malpractice in action”, says former senior IMF economist … Continue reading Macroeconomic malpractice in action | FT Alphaville

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Austerity: how an ideological project failed on its own terms

October 12, 2018 Underground

Faced with the political and economic cost of spending cuts, even the Conservatives are being forced to retreat. There is no situation where cutting spending makes an economy grow. It does the … Continue reading Austerity: how an ideological project failed on its own terms

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Greece’s bailout is finally at an end – but has been a failure | The Guardian

August 19, 2018 Underground

The strategy of austerity will have long-term consequences throughout Europe And Greece will continue to suffer for decades to come. Source: Greece’s bailout is finally at an end – but has been a failure | Larry Elliott | World news | The Guardian Continue reading Greece’s bailout is finally at an end – but has been a failure | The Guardian

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Argentina bailout: $50 billion loan, biggest in IMF history

June 8, 2018 Underground

The IMF reached a staff-level agreement Thursday to offer Argentina, which requested aid last month when its currency hit an all-time low, a $50 billion loan as part of a three-year standby … Continue reading Argentina bailout: $50 billion loan, biggest in IMF history

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Inequality makes growth less sustainable, IMF says

October 1, 2017 Underground

In many countries, the richest 1% have benefited disproportionately from economic growth in recent years, the IMF says. The IMF says fiscal policy is “a powerful instrument for ensuring inclusive growth and … Continue reading Inequality makes growth less sustainable, IMF says

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The IMF’s road to enlightenment

September 30, 2017 Underground

The fund needs to have the courage of its convictions Again, the IMF’s research shows that its policy of forcing austerity on countries, especially with the EU, is the exact opposite of what it should be doing. Source: The IMF’s road to enlightenment Continue reading The IMF’s road to enlightenment

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Puerto Rico Needs Massive Emergency Aid Now—and an End to Austerity

September 28, 2017 Underground

The island has become a target not only for rapacious vulture funds but also for exponents of Katrina-style “disaster capitalism.” Just because the residents of Puerto Rico can’t vote for members of … Continue reading Puerto Rico Needs Massive Emergency Aid Now—and an End to Austerity

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UN report attacks austerity budgets for growing inequality

September 15, 2017 Underground

Study says spending cuts have encouraged rise of robots and AI and heightened job insecurity, particularly for women How many more reports like this do we need before the EU stops forcing austerity on its member countries? Source: UN report attacks austerity budgets for growing inequality | Business | The Guardian Continue reading UN report attacks austerity budgets for growing inequality

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Forget the Parthenon: how austerity is laying waste to Athens’ modern heritage

September 12, 2017September 12, 2017 Underground

A full 80% of 19th and early 20th-century buildings in the Greek capital have already been destroyed, and time is running out for what’s left. At what point will the devastation stop? … Continue reading Forget the Parthenon: how austerity is laying waste to Athens’ modern heritage

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No alternative to austerity? That lie has now been nailed

August 25, 2017 Underground

For years we’ve been told that only deep cuts can save our economy. Portugal’s socialist-led government has proved the opposite, say Guardian columnist Owen Jones Too bad other EU countries didn’t follow the same path. Source: No alternative to austerity? That lie has now been nailed | Owen Jones | Opinion | … Continue reading No alternative to austerity? That lie has now been nailed

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Tag: austerity

Latest IMF data helps us see how political choices impact on health and economic outcomes

Austerity to blame for 130,000 ‘preventable’ UK deaths – report | The Guardian

Macroeconomic malpractice in action | FT Alphaville

Austerity: how an ideological project failed on its own terms

Greece’s bailout is finally at an end – but has been a failure | The Guardian

Argentina bailout: $50 billion loan, biggest in IMF history

Inequality makes growth less sustainable, IMF says

The IMF’s road to enlightenment

Puerto Rico Needs Massive Emergency Aid Now—and an End to Austerity

UN report attacks austerity budgets for growing inequality

Forget the Parthenon: how austerity is laying waste to Athens’ modern heritage

No alternative to austerity? That lie has now been nailed