IMF backs Swiss cap on franc, overall economic stability plan

BERN, SWITZERLAND – The International Monetary Fund (IMF), in a preliminary report on Switzerland, said Monday 18 March that the country’s economic stability plan is working, and that it supports the continuing Swiss National Bank policy of capping the Swiss franc at euros 1.20. The IMF carried out its annual evaluation of Swiss fiscal and […]

Argentina responds to IMF pressure at UN

GENEVA, SWITZERLAND – Argentina’s president Cristina Fernandez de Kirchner rejected criticism by the International Monetary Fund of her government’s presentation of economic statistics, saying the country would not submit to threats. The Argentinian leader spoke Tuesday 25 October at the United Nations General Assembly a day after IMF chief Christine Lagarde warned that Argentina could […]

Spain, IMF deny bailout rumors

GENEVA, SWITZERLAND – The International Monetary Fund (IMF) and Spain have both denied that bailout plans are being discussed as the organization’s chief Christine Lagarde meets with the Spanish deputy prime minister Soraya Saenz de Santamaria met Thursday 31 May in Washington. Spain’s economy minister Luis de Guindos denied any discussions with the IMF of a rescue […]

Swiss president, US attorney general discuss tax issues at IMF meeting

Switzerland to share seat with Poland, pledges additional $10 billion to IMF BERN, SWITZERLAND – Swiss President Eveline Widmer-Schlumpf and US Attorney General Eric Holder met on the fringes of a key International Monetary Fund (IMF) meeting in Washington 20-21 April. Bern’s statement was brief, noting that the two met “in order to discuss bilateral […]

Strauss-Kahn charged with “aggravated pimping”

GENEVA, SWITZERLAND – Former IMF (international Monetary Fund) chief Dominique Strauss-Kahn was charged Monday evening 26 March with involvement in a prostitution ring in the northern French city of Lille. Investigating judges in a case known in France as the Carlton Affair accused Strauss-Kahn of “aggravated pimping”. He was required to pay a bail of […]

Portugal passes muster for next funding round

Greeks bonds out as collateral GENEVA, SWITZERLAND – Portugal will get the nice euros 14 billion of the 78bn allotted to it as part of a european bailout package. The country’s spending cuts and ability to stay on target for reducing its debt were reviewed by a team that visited Monday, from the three agencies […]

Swiss approve IMF reforms; total contribution drops slightly

Ed. note: the Swiss federal government’s entire public web site is down at noon Wednesday, so we are unable to provide links BERN, SWITZERLAND – Switzerland’s Federal Council (cabinet) Wednesday morning approved a package of reforms for the International Monetary Fund (IMF) covering the world body’s governance and quotas. The package was approved by the […]

DSK, Tristane Banone, will have chance to face off in court

Dominique Strauss Kahn will meet French accuser - Photo source IMF

PARIS, FRANCE – The Parquet, or public prosecutor in Paris, has ordered Tristane Banone, 32-year-old journalist, and Dominique Strauss-Kahn to face each other in court, after hearing each in preliminary interviews. DSK, as he is popularly known, resigned as head of the International Monetary Fund while arrested in New York on charges (later dropped) of […]

DSK release (Chappatte cartoon)

dsk_released_chappatte

  ©2011 Chappatte, distributed by Globe Cartoon. More cartoons on Chappatte’s web site. Geneva-based Patrick Chappatte works for the International Herald Tribune, for Geneva newspaper Le Temps, and for NZZ am Sonntag. All cartoons reproduced with permission.

Strauss-Kahn case “floundering” according to NY Times

GENEVA, SWITZERLAND – The groundwork is being laid in the media by the New York Times for the sexual assault charges against Dominique Strauss-Kahn to be dropped, with the newspaper reporting 30 June that the prosecuting attorney no longer believes the victim’s story. DSK, as he is widely known in France, will appear in a […]