Economic crisis

Migration Puts the Brakes on Venezuela’s Vehicles

Diego has just enrolled to study journalism at a university in the Venezuelan capital and, with 2,000 dollars that his family members managed to gather, has bought his first car, a small 2007 Ford that can take him to class from his home in the neighboring Caribbean port city of La Guaira.

Open Migration Flows and Closed-Up Houses in Venezuela

Gladys swore she would not cry in front of her small children, but she still had to wipe away a couple of tears when she turned her head and looked, perhaps for the last time, at her dream house on Margarita Island in Venezuela, from where she migrated, driven by a lack of income and by fear.

The Crisis Is Becoming Chronic, Fragmenting Society in Argentina

It’s a Monday morning in April on Florida, a pedestrian street in the heart of the Argentine capital, and a small crowd gathers outside the window of an electronic appliance store to watch a violent scene on a TV screen. But it is not part of any movie or series.

Employee-run Companies, Part of the Landscape of an Argentina in Crisis

"All we ever wanted was to keep working. And although we have not gotten to where we would like to be, we know that we can," says Edith Pereira, a short energetic woman, as she walks through the corridors of Farmacoop, in the south of the Argentine capital. She proudly says it is "the first pharmaceutical laboratory in the world recovered by its workers."

Brazil 2015: The Year When Everything Went Wrong

As 2015 approaches its end, Brazilians live a period of extraordinary uncertainty. The recession seems to get worse by the day. Inflation is high and shows unexpected resistance to tight monetary policies applied by the Central Bank. The sluggish international economy has largely neutralized incentive and the strong devaluation of the domestic currency could represent a reality to exporters and to producers who compete with now more expensive imports. After an initial resistance, employment levels began to fall.

OPINION: Reflections on Corruption and Political Regeneration in Spain

Political and institutional corruption has become the main concern of Spanish citizens after unemployment and the dramatic social consequences of the economic crisis, according to opinion polls.

When Social Unrest Vents Itself on Migrants

“It’s like putting explosive, gasoline and matches all in one shed. These are things that should be stored in separated places.”

Lebanon in a ‘Civil War’ Over Wages

The surprise resignation of Lebanon’s Prime Minister Nijab Mikati eclipsed his last major manoeuvre, which was to refer to parliament a highly contentious wage scale hike for the public sector. Teachers and staff across the public sector started an open strike on Feb. 20 when then prime minister Nijab Mikati failed to send the wage scale policy - which had previously been agreed upon by the cabinet - to the parliament for vote.

Crisis Hits Spain’s Roma Hard

Daniel introduces himself as a “gypsy and guitarist,” Francisco José wants to become a doctor, Yomara timidly says she likes to cook, and María has no idea what she wants to study.

Soup Kitchens Overwhelmed in Crisis-Ridden Spain

A huge pot of rice steams on the stove at the soup kitchen run by Emaús in the municipality of Torremolinos, on the outskirts of this southern Spanish city. This morning, like every other, Pepi, Adriana and Diego are cooking for over a hundred people who can no longer afford to feed themselves.

South Sudan Celebrates a Troubled First Birthday

The streets have been swept clean and lined with flags to mark the first anniversary of South Sudan’s independence. But cosmetic changes in the capital, Juba, mask deep concerns about the future of the world’s newest nation.

South Sudan’s Women Await Independence From Poverty

One year after the formation of South Sudan, the country’s women say that independence has not resulted in the positive political, economic and social changes that they had hoped for.

Stephanie Seguino. Credit: Courtesy of Stephanie Seguino

Q&A: How to Reverse the “Feminisation of Poverty”

The phrase "financing for gender equality" may sound dry, but it lies at the heart of some of the most intractable problems faced by women around the world today – and whether the political will exists to allocate real resources to solving them or simply pay lip service.

ECONOMY-EU Portugal, Greece Pose Risk of Contagion

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.



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