Articles by Raul de Sagastizabal
We found 8 results.
(Castellano) Argentina: Los Fondos Rapaces
Raúl de Sagastizabal – PoliticaPress,
28 Nov 2011
En 2002, Anne Krueger, Subdirectora Gerente el Fondo Monetario Internacional (FMI), lanzó al ruedo la idea de que los países podían quebrar y expuso su opinión sobre un posible mecanismo internacional de reestructuración de deudas soberanas, y al analizar los impedimentos a una reestructuración ordenada de deudas mencionó expresamente el comportamiento de los fondos buitres en los siguientes términos:
→ read full articleVulture Funds Holding Argentina to Ransom
Raul de Sagastizabal - InDepth News,
28 Nov 2011
In 2002, Anne Krueger, First Deputy Managing Director of the International Monetary Fund (IMF), floated the idea that countries can go bust, advanced her opinion about a possible international mechanism of sovereign debt restructuring, and when considering the obstacles to an orderly debt restructuring, explicitly mentioned the behaviour of vulture funds in the following terms:
→ read full articleEurope – The Vicious Circle of Paying Debts With More Debts
Raul de Sagastizabal, PoliticaPress – Human Wrongs Watch,
14 Nov 2011
With two years of failed plans, pseudo-plans and announcements of plans, Europe has acquired a huge pile of debt and a decade of agony.
→ read full articleIs Time Ripe to Abandon the IMF?
Raúl de Sagastizabal - InDepth News,
17 Oct 2011
Hedging behaviour, a high degree of groupthink, intellectual capture, a general mind-set that excludes contrary views, fiefdom battles, inadequate analytical approaches, and lack of accountability should make governments ask themselves whether the time has not come to withdraw their support for the IMF.
→ read full article(Castellano) Las Culturas del FMI
Raúl de Sagastizabal - PoliticaPress,
17 Oct 2011
Cultura aislacionista, pensamiento de grupo, captura intelectual, sesgo cognitivo y actitudes de feudo.
→ read full articleIMF’s Forecast Mistakes Are Not Trivial
Raul de Sagastizabal - InDepth News,
3 Oct 2011
The storm that threatens the global economy has been raging ever since the toxic assets crisis started five long years ago. That crisis has not ended, or receded, but transformed into multiple crises: from fiscal deficit and sovereign debt to poverty, unemployment and the rise in food and fuel prices… What makes things worse is that experts are not inclined to admit their mistakes and apologize – not to speak of offering their resignation – as if their blunders were inconsequential, and just a minor oversight in a cooking recipe.
→ read full article(Castellano) Los Yerros del FMI
Raúl de Sagastizabal - PoliticaPress,
3 Oct 2011
La tormenta que amenaza a la economía mundial está a la vista desde que se iniciara la crisis de los activos tóxicos hace cinco largos años. Aquella crisis no ha terminado, ni se ha revertido, sino que ha mutado en múltiples crisis: del déficit fiscal y la deuda soberana, de la pobreza, del desempleo y el alza del precio de los alimentos y los combustibles, etc. Sin embargo no hay renuncias, ni despidos, ni responsables. Como si sus yerros fueran intrascendentes; apenas un error en una receta de cocina.
→ read full articleChina Alone Abides by Commitments to World’s Poorest
Raúl de Sagastizabal - InDepth News,
8 Aug 2011
The WTO agreed, back in 2001, to grant to the LDC a special and differential treatment, which includes a more flexible and faster mechanism to open the markets of developed countries and/or developing to products from LDCs and technical assistance to help them increase their production and trade. To date, unfortunately, after ten years of negotiations, such commitments have yet to be translated into practice.
→ read full article