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IMF Expects China to Be Largest Economy by 2016 [VIDEO]

Greek Riot Police Clash With Protesters as Strike Turns Violent

ATHENS, Greece -- In the latest sign of swelling social unrest, Greek riot police clashed with angry demonstrators in Athens today, marring a nationwide protest against continued austerity measures. The clashes sprang from a massive demonstration that drew an estimated 40,000 workers to the streets in the first major...

How the Celtic Tiger Lost Its Stripes

LONDON (Nov. 18) -- The governor of the Central Bank of Ireland announced today that his debt-addled country would almost certainly accept a loan worth tens of billions of dollars from the European Union and the International Monetary Fund in the coming days. But why does the country -- until 2008 known as the Celtic Tiger...

Economist: US and Ireland Both Fell Prey to Real Estate Market

(Nov. 18) -- Ireland is looking squarely in the face of a rescue package of "tens of billions" of euros today. Sound familiar? It should. As was the case in the United States when the government bailed out Wall Street banks to save the American economy, many in Ireland are displeased with the idea. But the Irish have a...

Kirchner's Death Is 'Game Changer' for Argentina

(Oct. 28) -- The sudden death of former Argentine President Nestor Kirchner, long favored to take the presidential reins from his wife when her term ends in 2012 just as she did from him in 2007, has flung open the doors to next year's presidential election in Argentina. "It's a game changer," said Mauricio Cardenas,...

Background on IMF

The International Monetary Fund (IMF) is an international organization that was created on July 22, 1944 at the Bretton Woods Conference and came into existence on December 27, 1945 when 29 countries signed the Articles of Agreement.

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