The IMF’s howler: Millions in poverty To the millions of pauperised citizens of Europe, there has been an unprecedented admission of guilt by the International Monetary Fund (IMF): we got it wrong. In a New Year report entitled “Growth Forecast Errors and Fiscal Multipliers”, the IMF admitted that it had plunged nations of the Euro-zone…

The Australian Government’s planned royal commission into church abuse of children already has a blueprint for action provided by the Republic of Ireland on the other side on the world. The Irish Government’s report handed down in November 2009 conveniently offers an insight into the church’s concealment and denial of decades of sexual abuse and…

Austerity doesn’t work – it’s official. An American bankers’ think tank, the Institute of International Finance, has just come out with a report which concludes the bleeding obvious: that the all-out pursuit of debt reduction at the expense of economic stimulus has made the Greek situation worse. The Institute’s chairman Charles Dallara, who worked for…

The Paris-based International Herald-Tribune carried a front-page banner headline the other day saying: “A hunt for culprits in Euro crisis.” The seasoned foreign correspondent Jack Ewing wrote from Frankfurt: “The debate about how to distribute the cost of preserving the euro zone often revolves around a fundamental question that is unspoken but implicit: Who caused…