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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, which will take place on November 3 and...
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 profit elsewhere. Hot money refers...
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 could be the year when it weakens substantially...
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 in research focusing on people experiencing...
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 atrociously killing and wounding our soldiers,...
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 lead to establishing a free-trade zone stretching...
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 over, the placard-bearing crowds are...
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 peninsula. The tense events on Tuesday...
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 numerous problems and crises for the...
