International Monetary Fund – Schirach Report

Kenya Held Back By Lack Of Accountability, Corruption Auditor-general's report indicates that only 1.2% of all government spending is properly documented

WASHINGTON – According to a BBC story, only 26% of money spent and collected by the Kenyan government has...

Can Greece Be Saved? Negotiators still believe that there is a "solution" that will allow Greece to stay in the Eurozone and pay its debts

WASHINGTON – The latest round of negotiations aimed at solving the Greek crisis (Yes, 6 years later we are...

Tsipras Goes To Moscow The Greek Prime Minister wants us to know that he looks at Vladimir Putin as a good friend

WASHINGTON – Greek Prime Minister Alexis Tsipras thought that it was a good idea to pay a visit to...

The Greek Economy Never Recovered – Now It is Once Again In Crisis All the aid packages ($ 306 billion) fixed nothing. Sky high debt, unemployment at 26% and a collapsed stock market

WASHINGTON – We were told months ago that Greece, the ultra-sick member of the Eurozone, was essentially out of...

Ukraine Cannot Win Against Russia – Give Up The East President Poroshenko is alone. The US and the EU will not give any military support. Ending the conflict is necessary in order to refocus on the economy

WASHINGTON – Despite its (surprising) military successes against the pro-Russia rebels, there is no way that Ukraine can “win” this Moscow-funded civil...

Ukrainian Prime Minister Yatsenyuk Both Defiant And Conciliatory In A Speech At The Atlantic Council The Ukrainian leader has received open support from President Obama on Crimea. But it is not clear how far the US and Europe are willing to go if Russia does not back down

By Paolo von Schirach March 12, 2014 WASHINGTON – The Western world seems to be united in its support...

Financial Aid To The Ukraine? Great Idea But Huge Costs Turning the Ukraine around will cost billions of dollars over many years. Western policy-makers have to convince voters that this is a worthwhile effort.

By Paolo von Schirach March 10, 2014 WASHINGTON – A few days ago, I argued in a related piece...

Praise For Mario Draghi Is A Way To Forget That Europe’s Structural Economic Problems Have Not Been Fixed – The Financial Situation Is Much Better; But The Economies Of Southern Europe Remain Hopelessly Weak

By Paolo von Schirach January 20, 2013 WASHINGTON – I am really worried about too much praise...

Greek Prime Minister Calls Country’s Problem A “Liquidity” Issue – Not So: Greece Is Structurally Insolvent – The ECB-IMF Bail Out Will Have To Go On Indefinitely, Or Greece Is Finished

By Paolo von Schirach October 6, 2012 WASHINGTON – Greece is in sticky a situation. (Yes, it...

IMF Christine Lagarde Believes The Euro Has to Succeed In Order To Keep European Countries Together – How So? EU Countries Will Do Fine Even If Some Eurozone Members Have To Go

By Paolo von Schirach April 21, 2012 WASHINGTON – IMF Managing Director Christine Lagarde stated in a...