Here two articles concerning the report by the internal auditor of the IMF concerning its disastrous handling of Greece´s “financial rescue”
Read here (easier to read) and here (better analysis)
Climate Crisis
DW: Greenland stops oil and gas exploration, climate costs ‘too high’
Prospectors for new oil and gas reserves in Greenland can forget it: The arctic island government plans to stop issuing new licenses, saying it takes the “climate crisis seriously.” Read here
Finance
Bill Mitchell – Shipping disruptions unlikely to precipitate another inflation surge
Both the Suez Canal and the Panama Canal – two of the world’s most important shipping routes – are “now under stress from various sources”. Published in Bill Mitchell’s blog. Read the article HERE.
Corruption
Branko Marcetic: Silicon Valley Bank’s Collapse Shows Little Has Changed for Big Banks Since 2008
The spectacular collapse of Silicon Valley Bank was caused by corruption, financial recklessness, and poor decision-making. With its bailout echoing 2008’s eager bailouts for the rich, it begs the question: How much longer will Americans […]
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