"A serious political and social crisis will sweep through the euro countries if they do not decide to strengthen the integration of their economies. The euro zone crisis did not begin with the Greek crisis, but was manifested much earlier, when a monetary union was created without economic and fiscal union in the context of a financial sector drugged on debt and speculation.”
It is an oasis from the scorching heat outside. The three-storey, centrally air-conditioned Cargills Square, a major mall in Sri Lanka’s northern Jaffna town, is the latest hangout spot in the former warzone, where everyone from teenagers to families to off-duty military officers converge.
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.
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.
The victory of the Conservative Party and the debacle of the Labour Party in the recent British general elections is yet another sign of the crisis facing left-wing forces today, leaving aside the question of how, under the British electoral system, the Labour Party actually increased the number of votes it won but saw a reduction in the number of seats it now holds in Parliament (24 seats less than the previous 256).
Not even a month has passed since over 700 hundred migrants lost their lives in their attempt to reaching the shores of Italy and the media spotlights have already faded on the island of Sicily, Italy’s southern region and main gateway to Europe.
The results of a survey
of what 3,500 young people between the ages of 18 and 24 – in all Arab countries except Syria – feel about the current situation in the Middle East and North Africa have just been released.
The 28 Ethiopian migrants of Christian faith murdered by the Islamic State (IS) on Apr. 19 in Libya had planned to cross the Mediterranean Sea in search of work in Europe.
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.
A cash-strapped United Nations, which is struggling to reach out to millions of Syrian refugees with food, medicine and shelter, is desperately in need of funds.
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.
Israel’s siege of Gaza, aided and abetted by the Egyptians in the south, has aggravated the plight of Gazan women, and the Jewish state’s devastating military assault on the coastal territory over July and August 2014 exacerbated the situation.
The world is clearly splitting into two parallel worlds, with each going their own way, in what we could call the ‘Acapulco paradox’.
Weerasinghearachilage Ruwan Rangana had it all planned out last year in September: the big break that would change his life and those of his extended family had finally arrived.
Shanta* is only four years old, but already she loves school. Every morning, her mother walks her to the small pre-primary facility in Mohonpur village, about 140 km away from Bangladesh’s capital Dhaka, and leaves her in the care of a young female teacher, who oversees the day’s activities: storytelling, drama, reciting poetry.