Austerity measures

LILONGWE

Malawi’s President Faces a Crisis of Confidence

By Mabvuto Banda
She has taken a personal pay cut, promised reforms, resumed aid flows from Western donors and put her predecessor’s private jet up for sale.

ECONOMY-EU Portugal, Greece Pose Risk of Contagion

By Mario Queiroz
The flood of economic woes devastating Greece and Portugal are evidence that the German prescription imposed by a troika of multilateral creditors is not working, and that both countries are heading into a blind alley, says economics professor Mario Olivares.