Christine Lagarde, managing director of the International Monetary Fund (IMF), has made a declaration concerning Greece and Africa that requires explanation. The third world debt crisis started thirty years ago. Under strong and increasing pressure to export, the poor countries bore the brunt of the heavy increase in interest rates and the collapse of commodity prices orchestrated by the international financial establishment.

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<a href="http://www.internationalviewpoint.org/spip.php?rubrique195" rel="directory">IV449 - June 2012</a>

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<a href="http://www.internationalviewpoint.org/spip.php?mot21" rel="tag">Greece</a>,
<a href="http://www.internationalviewpoint.org/spip.php?mot306" rel="tag">Debt</a>