Financial Crisis

Opinion: Pillar of Neoliberal Thinking is Vacillating

This month’s World Economic Outlook released by the International Monetary Fund (IMF) only confirms that consequences of the collapse of the financial system, which started six years ago, are serious. And they are accentuated by the aging of the population, not only in Europe but also in Asia, the slowing of productivity and weak private investment.

Opinion: A Long History of Predatory Practices Against Developing Countries

The world’s attention turned to the practices of vulture funds after the U.S. Supreme Court affirmed a lower court opinion in the NML Capital vs Argentina case, which forbids the country from making payments on its restructured debt.

Opinion: Crisis Resolution and International Debt Workout Mechanisms

Debt restructuring is a component of crisis management and resolution, and needs to be treated in the context of the current economic conjuncture and vulnerabilities.

Opinion: What if Youth Now Fight for Social Change, But From the Right?

The “surprise” re-election of incumbent Israeli Prime Minister Benjamin Netanyahu in the Mar. 17 elections has been met with a flood of media comment on the implications for the region and the rest of the world.

Opinion: The ‘Acapulco Paradox’ – Two Parallel Worlds Each Going Their Own Way

The world is clearly splitting into two parallel worlds, with each going their own way, in what we could call the ‘Acapulco paradox’.

Opinion: Greece and the Germanisation of Europe

At last, on Tuesday Feb. 24, the Eurogroup (of eurozone finance ministers) approved the Greek government’s commitment to a programme of reforms in return for extending the country’s bailout deal.

Youth Unemployment, Income Inequality Keep Rising

Global youth unemployment may be “six or seven times” what the International Labor Organisation’s (ILO) latest figures state, due to what a youth advocacy group calls a flawed system of assessment.

OPINION: Greece Gives EU the Chance to Rediscover Its Social Responsibility

The European Union should not be afraid of the leftist opposition party Syriza winning the Greek election, but see it as a chance to rediscover its founding principle - the social dimension that created it and without which it cannot survive.

OPINION: Banks, Inequality and Citizens

Every day we receive striking data on major issues which should create tumult and action, but life goes on as if those data had nothing to do with people’s lives.

European Citizens Call for Increased Aid to Developing World

An overwhelming majority of citizens in the 28-member European Union (EU) - which has been hamstrung by a spreading economic recession, a fall in oil prices and a decline of its common currency, the Euro - has expressed strong support for development cooperation and increased aid to developing nations.

Falling Oil Prices Threaten Fragile African Economies

The sharp decline in world petroleum prices - hailed as a bonanza to millions of motorists in the United States - is threatening to undermine the fragile economies of several African countries dependent on oil for their sustained growth.

What the U.S. Should Learn from Russia’s Collapse

After months of whispered warnings, Russia’s economic troubles made global headlines when its currency collapsed halfway through December. Amid the tumbling price of oil, the ruble has fallen to record lows, bringing the country to its most serious economic crisis since the late 1990s.

Cuba’s Reforms Fail to Reduce Growing Inequality

One of the major challenges assumed by President Raúl Castro when he launched a series of reforms in Cuba is improving living standards in a country still suffering from a recession that began over 20 years ago and has undermined the aim of achieving economic and social equality.

OPINION: Europe Has Lost Its Compass

The Swedish Social Democrat government, which took office only two months ago, has just resigned. The far-right anti-immigrant Sweden Democrats sided with the four-party centre-right opposition alliance, and new elections will be held in March next year.

OPINION: The Decline of Social Europe is Part of a World Trend

After the Italian sea search-and-rescue operation Mare Nostrum at a cost of nine million euros a month, through which the Italian Navy has rescued nearly 100,000 migrants – although perhaps up to 3,000 have died – from the Mediterranean since October 2013, Europe is now presenting its new face in the Mediterranean.

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