Word: vital
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Dates: during 1980-1989
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...Talks with the IMF. We need the loan very badly, otherwise we would not have asked for it. We have taken a number of measures to convince the IMF that we are really serious about checking expenditure and encouraging farming, as they suggested. There are three vital areas that we have not been able to agree on with the IMF: currency devaluation, trade liberalization and the lifting of petroleum subsidies. They do not seem to think that we are trying hard enough to meet their demands. We feel that if we implemented these three measures they would cause social upheaval...
...worried above all by the rise in government spending, which is now about 50% of gross national product. He argued that reducing expenditures for local government, public health and social security is an urgent political necessity. He also believes that an incomes policy to hold down wages is vital but that the government appears to have given the powerful unions a veto in major economic decisions. Said he: "I think that creates a major problem for the functioning of a parliamentary democracy...
...seem like the same old contemporary lemons, but look again. Max Apple (The Oranging of America, Zip) knows there is more than one way to make lemonade - sometimes sweet, sometimes astringent, always bracing. Organ transplants? In the bizarre courtroom drama of the title piece, the author's vital parts try to protect themselves against being traded to another body by demanding the right to bargain as free agents. The video-electronic revolution...
Never has the IMF been more vital-or more vilified...
...Argentine President Raúl Alfonsín bypassed fund negotiators and appealed directly to IMF Managing Director Jacques de Larosière for more lenient terms. Yet neither Alfonsín nor any other leader can simply defy the fund. Its seal of approval is the key to vital commercial credit. "The power of the IMF is absolute," says Paul Singer, an economist at the University of Sao Paulo. "No foreign country can get a single cent now without an extended agreement with...