Word: economice
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Perhaps, then, it's only fitting that Greek government debt is the biggest threat to global financial stability today. Warning that Greece was in "critical condition," Prime Minister George Papandreou recently said that his country "faces the risk of sinking under its debt." Jitters over a potential Greek default have...
Lee's right to be worried. The debacle in Greece could be a harbinger of a new stage of the financial crisis, one in which irresponsible politicians, not bankers, are the main source of economic turmoil. Across the developed world, sovereign states have amassed potentially unsustainable mountains of debt. The...
While its increasingly affluent residents may wish to believe they have destiny in their grasp, Santiago - the economic jewel of South America - is perched on a stretch of earth that violently resists all efforts to tame it. Situated along the ring of fire, a hotbed of seismic activity that encircles...
Nicolas Véron, a senior fellow at the Breugel economic think tank in Brussels, says the theories reflect a virulent public mistrust of the free market in euro-zone countries, particularly in southern Europe. "There is a very long and deep suspicion of markets in these places," he says...
"He wants to recenter and strengthen these relations on economic and business ties in Africa - especially to counter China's big advances - and Rwanda is vital to that," says Pap Ndiaye, a specialist in black history in Europe, Africa and the U.S. at the School of Advanced Social Science Studies...