Financial Meltdown / IPS Inter Press Service

Homepage

Latest News

Languages

About Us

Friday, March 19, 2010 12:27 GMT

- Mideast &
Mediterranean

Iraq

HIV/AIDS

- Arts &
Entertainment

SOUTHERN AFRICA: Unexpected Low Custom Revenue Causes Budget Shortfalls
By Servaas van den Bosch
WINDHOEK - Plummeting revenues from the Southern African Customs Union (SACU) could cause severe financial difficulties in the region, economic experts warn. To make matters worse, the organisation is split over the future of its tariff pool that largely bankrolls the national budgets of its poorer members.
MORE >>

SWAZILAND: Budget Cuts Ahead but More Money for Education and Health
By Mantoe Phakathi
MBABANE - Her swollen feet are a constant reminder to Sanele Matsebula that she needs to take her medication.
MORE >>

BALKANS: Farming Prospers as Farmers Suffer
By Vesna Peric Zimonjic
BELGRADE - Official statistics put Serbian agriculture as the single most productive branch of the economy and one that not only survived the financial meltdown but chalked up a record trade surplus of almost a billion US dollars in 2009.
MORE >>

DISARMAMENT: Despite Recession, Global Arms Race Spirals
By Thalif Deen
UNITED NATIONS - The global financial crisis has not deterred some of the world's developed and developing nations from bolstering their military arsenals with expensive new weapons systems, including sophisticated fighter planes, combat helicopters, submarines, armoured vehicles and air defence systems.
MORE >>

Q&A: Wanted in Latin America: Responsible Credit
Daniela Estrada interviews JUAN TRÍMBOLI of Consumers International
SANTIAGO - Improving access to financial services and achieving "responsible credit" require ongoing dialogue on the part of companies, states and consumers, Juan Trímboli, regional coordinator of the Consumers International office in Latin America and the Caribbean, told IPS.
MORE >>

RIGHTS: Fewer Jobs, Less Money, Same Old Story
By Haider Rizvi
UNITED NATIONS - "What do I get from them? Nothing but bullsh*t," says Nupur Acharya, reflecting about how she is treated by her husband and two grown sons on daily basis.
MORE >>

EUROPE: Economists Blame Germany for Mediterranean Crisis
By Julio Godoy
BERLIN - Germany’s obsession with maintaining a trade surplus, in line with its mercantilist traditions, is one cause for the severe economic crisis that has gripped several Euro-Mediterranean countries, say economists.
MORE >>

ECONOMY-GREECE: Austerity Measures Unsettle Public
By Apostolis Fotiadis
ATHENS - Xristos Kiriakou, 30, joined the Feb. 24 strike against the austerity measures announced by the Panhellenic Socialist Party (Pasok), although he has never been involved in public protests before.
MORE >>

AFRICA: "Women's Decade": Greater Attention to Implementation
By Omer Redi
ADDIS ABABA - Fears that the impact of the global economic meltdown would affect funding to various development areas have been rife. Already, several governments have cut their budgets for HIV and AIDS and bilateral and multilateral funding partners have done likewise.
MORE >>

DEVELOPMENT: Grassroots Aid Groups Struggle to Stay Afloat
By Daniel Stahl
UNITED NATIONS - The Holy Child Integrated Agricultural Centre, an organic farm near Abeokuta in southwestern Nigeria, was looking forward to having running water. An industrial borehole had already been already installed, and a pump and piping to various buildings were in place.
MORE >>

ECONOMY: Euro not for Europe's Poor
Analysis by David Cronin
BRUSSELS - For 329 million, people shopping with the euro is a part of everyday life. Since its notes and coins were introduced on New Year's Day 2002, this single currency has made it possible to travel across a 16-country zone stretching from Cyprus to Ireland without having to change the money in one's pocket or handbag.
MORE >>

TRADE-BRAZIL: Commodities Rule in Exports to China
By Mario Osava
RIO DE JANEIRO - China took over from the United States as Brazil's top market in 2009, indicating a qualitative change for exports from the South American giant, which is increasingly dependent on sales of commodities and food.
MORE >>

DEVELOPMENT: EU Countries Set to Break Promises
By David Cronin
BRUSSELS - Promises made by the European Union (EU) on increasing aid to poor countries will be broken this year, according to new data.
MORE >>

Next >>

	News Feeds RSS/XML
	Make IPS News your homepage!
	Free Email Newsletters
	IPS Mobile
	Text Only

Banking panics, recession, loss of market value, deflation. Is the current financial crisis in any way comparable with the Great Depression of 1929? And more importantly, how is it affecting the weakest? IPS brings you worldwide coverage of the impacts of this crisis.