Several developing countries are now being engulfed in new economic crises as their currency and stock markets are experiencing sharp falls, and the end is not yet in sight.
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.
Bulgarian prime minister Boiko Borisov of the ruling centre-right Citizens for the European Development of Bulgaria (GERB), announced his resignation Wednesday, following two weeks of sustained protests across the country which were sparked by rising electricity and heating costs.
As governments struggle to find ways out of the persistent global financial crisis, Brazil’s development model offers an alternative path to recovery and growth, according to some economists and politicians.
Rising rates of depression and suicide are among the most obvious signs of the increase in mental illness resulting from the economic crisis in Spain.
A crackdown on irregular migration has entered its fourth week in Greece. The government is shutting the Greek-Turkish northeastern border across river Evros, and removing massive numbers of undocumented migrants from big urban centres into makeshift detention camps.