Financial Crisis

Opinion: The Sad Historical Consequences of the Greek Bailout

In recommendations to German Chancellor Angela Merkel at the end of July, the German Council of Economic Experts outlined how a weak member country could leave the Eurozone and called for strengthening the European monetary union.

Civil Society Sceptical Over “Action Agenda” to Finance Development

Despite high expectations, the third International Conference on Financing for Development (FfD) ended on a predictable note: the United Nations proclaimed it a roaring success while most civil society organisations (CSOs) expressed scepticism over the final outcome.

Opinion: U.N. Can Help Reform the International Financial System

The growth in global interdependence poses greater challenges to policy makers on a wide range of issues and for countries at all levels of development.

Opinion: “Slight Deceleration” in G20 Trade Restrictions but Continued Vigilance Needed

The latest report by the World Trade Organisation (WTO) on G20 trade measures shows a slight deceleration in the application of new trade-restrictive measures by G20 economies, with the average number of such measures applied per month lower than at any time since 2013.

Opinion: Greece – A Sad Story of the European Establishment

Only 50 years of Cold War (and the fact that German Chancellor Angela Merkel grew up in East Germany) can possibly explain the strange political power of the United States over Europe.

Opinion: G20 Turkish Presidency Keen to Benefit the Global Community

Turkey assumed the Presidency of the Group of 20 (G20) on Dec. 1, 2014. It will culminate in the Antalya Summit on Nov. 15-16. Our priorities build upon the G20 multi-year agenda, but also reflect particular themes we see as important for 2015.

Opinion: Finance Like a Cancer Grows

It is astonishing that every week we see action being taken in various part of the world against the financial sector, without any noticeable reaction of public opinion.

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.

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