IMF's role in the depreciation of the shilling www.ntv.co.ke A sequence of seemingly unrelated events to the outside world starting back in 2009 may have led to the drastic depreciation of the shillings value against foreign currencies late last year. The parliamentary select committee on the falling shilling report quotes a number of factors and failures, both individual and institutional, as being responsible for the biggest shilling shock since the goldenberg scandal broke. But could the seed of this crisis have been planted unwittingly by the International Monetary Fund? NTV's John-Allan Namu reports.

the first domino. coming to a country near you. "Europe" is a Greek word....European civilization is a Greek creation.... however we need FREE INDEPENDENT EUROPEAN NATIONS once again.

Over 100000 protestors rioted in Athens after the Greek government approved tough new austerity measures. This legislation was a precondition for a new rescue loan from the International Monetary Fund (IMF). After the latest austerity measures, the Greek government will receive 130 billion euros. Protestors marched toward Parliament to rally against the austerity changes, which will effect the layoff of 20% of government workers and descrease salaries by about as much. At least 10 buildings were set on fire and burned, including banks and cafeterias. Greece's prime minister, Lucas Papademos, told Parliament, "Vandalism and destruction have no place in a democracy and will not be tolerated."

Tags: Athens Lucas Papademos International Monetary Fund European Union Greece

Tags: ,Athens ,Lucas Papademos ,International Monetary Fund ,Eurozone ,European Union ,Greece

'EU must dump whole euro system' The EU and the International Monetary Fund (IMF) say adopting austerity measures is essential to save eurozone countries from a debt default. Interview with Edward Spannaus, editor of the Executive Intelligence Review

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IMF Forecast China's Economic Growth May Have a Big Drop For more news and videos visit ☛ english.ntdtv.com Follow us on Twitter ☛ http Add us on Facebook ☛ on.fb.me Many analysts have been predicting the possible effects of Europe's economic woes. Earlier this week, the International Monetary Fund issued a new report detailing how a continued slowdown in Europe's economy could also affect China. Economic experts believe the impact will not only hit China's economy hard, but also shake the Chinese Communist regime. On Monday, the International Monetary Fund released a report forecasting that China's economic growth could experience a substantial decline if Europe's growth falls more than anticipated. The China Economic Outlook published on Monday showed that China's growth rate may lose about four percentage points from its current predicted growth, which the International Monetary Fund forecasted at 8.2 percent, as of earlier this year. The IMF issued a report last month showing that the world economy may decrease by one point seven five percent in total growth. According to The Wall Street Journal, the ratings agency Fitch Ratings said the Chinese economy's hard landing was "potentially the biggest risk for the global economy in 2012." City University of New York economics professor Chen Zhifei said the Chinese economy's "hard landing" is inevitable, and that the impact of the economic slowdown would include soaring inflation and unemployment, as well as the collapse of the banking sector. [Chen Zhifei, Economics Professor <b>...</b>