OHHHHHHH!!!!!!!!!!!!!!!!!!!!!!!!!!!! MY!!!!!!!!!!!!!!!!!!!!!!!!!!!! GOD!!!!!!!!!!!!!!! Why should a PRIVATE bank have such money, power and influence? Why should a PRIVATE BANK condition foreign governments? How has it come to this in such a short period of time? Its not like this IMF bank existed in like forever or for 300-400 years or something. So how how did we humanity come to this, to have private... 

Under Viktor Orbán’s new pro-family budget, married couples who have three children will eligible to receive 30,600 euros by the Hungarian government. The government offer would come in the form of a 30,600 euro loan to couples upon their marriage. The loan would have to be repaid until the couple has three children. At that point, the debt would be forgiven, France’s Le Figaro newspaper reports. In... 

No more Mr. Nice Chinese Guy. After years of “benevolent” handouts to various African countries by Beijing, all of which however came in the form of loans, of which few have led to viable, long-term projects and cash-flow generating assets, and led to accusations that China is pursuing a “new colonialism” of the African continent (and more recently, nations along the One Belt, One Road corridor),... 

US presidential candidate Ted Cruz failed to disclose that he had borrowed as much as $1 million from Goldman Sachs to finance his 2012 Senate run, while he was publicly denouncing the giant bank as an agent for “crony capitalism,” according to a new report. Cruz and his wife Heidi, who worked at Goldman, took out a large low-interest loan from the investment bank and another from Citibank, without... 

Russian Finance Minister Anton Siluanov. Greece hasn’t outright asked Russia for a loan, but Russian Finance Minister Anton Siluanov said Moscow wouldn’t rule it out. His statement comes days after Greece openly opposed further economic sanctions against Russia. “Well, we can imagine any situation, so if such [a] petition is submitted to the Russian government, we will definitely consider... 

Argentina will receive the first tranche of yuan worth up to $1 billion in a massive currency swap with China before the end of this year. The deal will boost the troubled economy’s foreign reserves. It comes as part of a loan worth $11 billion signed in July by Argentina’s President Cristina Fernandez de Kirchner and Chinese counterpart Xi Jinping during his Latin America tour shortly before... 

Ukraine’s bid for closer ties with the west could come at a cost. With the IMF set to loan the country $17 billion, the deal could also see GMO crops grown in some of the most fertile lands on the continent, warns Frederic Mousseau. Very few, not least the Ukrainian population are aware of these details, but according to Mousseau, who is a Policy Director at The Oakland Institute, in return for... 

German finance minister, Wolfgang Schäuble, has unexpectedly said that Greece will need more financial help, admitting for the first time that $328 billion pledged so far won’t be enough to save Greece from bankruptcy. Schäuble’s surprise admission of this deeply unpopular prospect comes at a sensitive time for his party. Germany will hold a general election on September 22. “There... 

Euro zone finance ministers want a clear cut answer from Spain whether it will seek financial support after Madrid’s borrowing costs sharply lowered following the European Central Bank decision to buy bonds last week. Will Spain ask for its bailout, so that the ECB’s unlimited bond buying project can be launched? This question has recently been number 1 in Europe. The ECB has made it clear... 

A majority of people in four European countries believe that the eurozone crisis will worsen after giving Greece the 130-billion-euro financing package. The respondents to the phone survey that was carried out by the French opinion poll institute Ifop from June 18 to 21 were asked if they thought the eurozone economic crisis will worsen or improve after giving Greece the loan. The results of the survey... 

West to East: EU officials have been refused help by China as the balance of power shifts. Hopes that China will ride to the rescue of the single currency were dealt a blow last night after Beijing warned that it will not be Europe’s ‘saviour’. State-run news agency Xinhua said the country cannot ‘provide a cure for the European malaise’. It came after European officials begged China for... 

US Senator Jim Webb China is one of the biggest economies in the world and grew at more than 9 percent over the last year. It also has loaned more than $1 trillion to the U.S. to fund its deficit-spending. But at the same time, the U.S. sends foreign aid to China, which lawmakers of all stripes say is just plain nuts. “Why in the world would we be borrowing money and then turn around and giving... 

The Federal Reserve lent a Libyan state-backed bank billions of dollars during the financial crisis, documents made public on Thursday have revealed. The Arab Bank Corporation, which is today 59.3 percent owned by the Libyan government, borrowed in slices as big as $1.175 billion from the US central bank. At the time the bank was not majority owned by the Tripoli government; other shareholders included...