I am surprised at the similarities in the corruption scandals hitting the South Asian nations almost daily. Despite hundreds and millions of citizens living in grinding poverty and misery, the elite of the society can compete in their billions with the richest nations around the world. This is not due to their hard work or […]

China and US Tensions increasing on Currency Valuation The US Senate and President Obama have been increasing pressure on the Chinese Government to revalue the yuan and let it move towards a market determined rate.China’s yuan peg to the dollar has been one of the main factors around which the debate of global imbalances has […]

Spain,European Union and IMF all denied that a Spanish Bailout of Euro 250 Billion was being formulated by the international agencies.There are some people who think that a preventive bailout measure will reduce the ultimate cost of a Spanish Bailout learning from the lesson of the Greek Contagion.However despite repeated rumors,the Politicians have continued denied […]

Can IMF Bailout a Country the size of Italy The International Monetary Fund (IMF)  is funded through contributions from its member nations, acts as the “lender of the last resort” for nations facing “Balance of Payments” problems.Since its conception during the Bretton Woods Conference in 1944 , it has mainly been involved in bailing out […]