Democracy Gone Astray

Democracy, being a human construct, needs to be thought of as directionality rather than an object. As such, to understand it requires not so much a description of existing structures and/or other related phenomena but a declaration of intentionality.
This blog aims at creating labeled lists of published infringements of such intentionality, of points in time where democracy strays from its intended directionality. In addition to outright infringements, this blog also collects important contemporary information and/or discussions that impact our socio-political landscape.

All the posts here were published in the electronic media – main-stream as well as fringe, and maintain links to the original texts.

[NOTE: Due to changes I haven't caught on time in the blogging software, all of the 'Original Article' links were nullified between September 11, 2012 and December 11, 2012. My apologies.]

Sunday, September 25, 2011

IMF: Global Economy Entering Dangerous Phase

WASHINGTON -- Top global finance officials are pledging to work decisively and in a coordinated way to deal with a European debt crisis and other dangers confronting the global economy.

The International Monetary Fund's policy-setting committee says the economy has entered a dangerous new phase. The panel says close watching of the situation and a willingness to take bold actions quickly are crucial.

Officials say they're encouraged by the willingness of the 17 nations that share the euro currency to do what's needed to resolve Europe's debt crisis.

They say the IMF stands ready to strongly support further efforts. The IMF is already providing bailout support to three heavily indebted European countries – Greece, Portugal and Ireland.

The IMF's statement doesn't give specifics on how much extra support might be possible.

Origin
Source: Huffington 

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