According to an analysis of the Center for Economic and Policy Analysis, Ecuador's recent IMF loan of $4.2 billion comes with strings that will hurt economic growth. Ecuador doesn't even need the loan, says the report's co-author, Andrés Arauz.
Glenn Diesen Yanis Varoufakis is an economist, the former Finance Minister of Greece, and the author of numerous bestselling books. Varoufakis discusses how the EU is a cartel designed by the U.S. that is no longer fit for purpose. The German economic locomotive has broken down; the EU no longer has an economic model, its foreign policy is consumed by war, and it has already become a technological colony. Varoufakis also argues that China can now pull the plug on the U.S. economy if it chooses to do so.
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