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philip rizk

Egypt's New Path Complicated by Economic Problems - NYTimes.com - 0 views

  • Economists say Egypt’s military rulers contributed to the strain by shunning the planned loan from the I.M.F. last June
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philip rizk

10. Ecuador Declares Foreign Debt Illegitimate | Project Censored - 1 views

  • 1989 and 2006
  • IRC Americas
  • A special United Nations commission on the crisis, chaired by Nobel Prize economist Joseph Stiglitz, came out in March 2009 in support of such a mechanism.  But thus far, the issue is not even on the table within the G20 grouping of the most powerful nations.
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    "86 percent was used to pay for previously accumulated debt"
nohaelshoky

Drop 'dictator debt,' activists and economists say | Al-Masry Al-Youm: Today's News fro... - 0 views

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    Egypt has a budget deficit of nearly 10 percent of GDP and the finance minister recently said that the country is on the brink of a liquidity crisis. Meanwhile, economic growth has slowed since the uprising, decreasing government revenues, while public sector workers around the country are striking to raise wages that have been stagnant for decades.
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