The wake of the global financial crisis, as many national governments in Europe cut back on services to citizens and used public money to rescue banks, taught many people a valuable lesson.
The recent agreement for the normalisation of relations between Serbia and Kosovo has confirmed that the European Union (EU) is still acting as a “magnet”, attracting its external neighbours and transforming and integrating them. Thanks to its prospects for EU membership, the whole Balkan area has become more stable and secure. Unfortunately, this virtuous magnetism no longer exerts the same force of attraction on our own citizens.
The global repercussions of the 2007-2008 financial crisis are a stark reminder of the economic interdependence in our globalising world. No country was spared from the shock waves that originated in the financial systems of developed economies.
The European Union (EU) has asked its citizens to brace for further economic misery. In a report on European economic prospects released on May 3, the European Commission said that further deterioration is expected to last at least until 2015. But, as every such report says, things will then get better.
The social consequences of austerity economics have been most visible in Europe’s southern periphery. In the UK, the coalition government has brought in sharp cutbacks in welfare state provision in the name of dealing with the financial crisis. Their impact is becoming increasingly visible.
Almost 260,000 people, half of them young children, died of hunger during the last famine in Somalia, according to a U.N. report that admits the world body should have done more to prevent the tragedy.
The complicated challenge of invigorating the debilitated World Trade Organisation (WTO) and the multilateral trade system that it governs will fall, for the next four years and for the first time ever, to a Latin American.
Up to a quarter of women in Europe have experienced domestic violence at some point in their lives, according to the Council of Europe. But despite the widespread nature of the phenomenon, more often than not we ignore it. A short video launched last month in Serbia managed to break this silence.
The anniversary of the peaceful Carnation Revolution that overthrew Portugal’s 1926-1974 dictatorship has gone from being a popular celebration to a day of mass protests against the draconian austerity policies of the government of Prime Minister Pedro Passos Coelho.
For a long time it was a given that while Europe was based on defending a more just society, with social values and solidarity, the United States was based on the glory of individualism and competition, and anything public was considered “socialist”.
A new mortgage bill approved by Spain’s lower house of parliament would merely put a bandaid on the plight of people whose homes are being repossessed, and would not guarantee protection for most families facing eviction, activists complain.
The U.S. government’s main watchdog on Monday reported that U.S. corporations are paying taxes on less than half of their declared income, largely due to dozens of tax breaks that have come under increased scrutiny in recent months.
The spreading economic crisis is taking a bite out of Western military spending - even as the world's developing nations, along with Russia and China, boosted their arms expenditures last year.
Strike Debt, an affiliate of the Occupy movement, has devised a legal and what some consider ingenious way to abolish millions of dollars in consumer debt.
Women and minorities should be a top priority in U.S. policy toward Egypt and its Muslim Brotherhood government leaders, experts here said on Friday, despite increasingly unfavourable public views towards Egypt.