Euro crisis: It is time for European debt restructuring. Will Europe dare to undertake it?
Euro-zone weights a new plan to face the crisis, which will be discussed during the Brussels European Summit, and for which Europe expects to receive support from their G-20 colleagues, in the next Group meeting, More...
What is Hot Money?
By Raul de Sagastizabal Hot money is the “purely speculative money,” which enters into an economy or an economic sector in order to earn a short-term and/or huge profit and leave quickly, as long as it finds More...
Euro Stands Only 20% Chance of Survival
According to a recently released prediction by the Centre for Economics and Business Research, the Euro only stands a 20 per cent change of surviving the next decade. “If the euro doesn’t break up, this More...
Tackling Financial Exclusion in Europe
The term financial exclusion was first coined in 1993 by geographers studying the impact bank closures had on those left unable to access basic banking services. During the 1990s there was a significant increase More...
South Korea Promises “1000 Times Bigger” Revenge
As South Koreans mourned the death of two marines killed in clashes with North Korea earlier this week the Marine Corps. commander Yoo Nak-jun said “We will pay back North Korea 100 times, 1,000 times for More...
Putin Proposes Trade-Free Zone from Lisbon to Vladivostok
In a commentary published in Germany’s Sueddeutsche Zeitung, Russian Prime Minister Vladimir Putin proposed a stronger integration of economic ties between the European Union and Russia that would ideally More...
The Thin Blue Line is Broken
Student and public demonstrations are nothing new but they achieve significance during periods of societal change. Ordinarily they are safety valves when public frustrations build up a head of steam. The protest More...
US Sends in Aircraft Carrier as Koreas on Brink of War
As North-Korea and South-Korea escalate verbal threats after Tuesday’s artillery shells “incident” on Yeonpyeong, the US has announced its aircraft carrier USS George Washington is heading to the More...
Ahmadinejad Condemns World Powers
Iran’s Fars News Agency reports that Iranian President Mahmoud Ahmadinejad has strongly criticized world powers for “mismanaging the world affairs,” adding that “their wrongdoings have created More...
Millions of Americans to Lose Unemployment Benefits
800,000 Americans are set to lose all their unemployment benefits by the end of the month, a figure which is set to soar to 2 million by the end of the year as The House of Representatives voted against a bill to More...
