‘You know things are getting bad when your government begins to stick its hand into retirement accounts just so that it can remain solvent for a few more months. With the debt limit about to […]
Borrowing in USD was risk-on; buying USD is risk-off. There is a lively debate about the global demand for U.S. dollars: Global finance faces $9 trillion stress test as dollar soars (Telegraph.co.uk) Is There a US$ Shortage? Will it Sink…
‘Ukrainian President Petro Poroshenko has admitted that a new $17.5 billion loan from the International Monetary Fund and its associated austerity measures will not improve the lives of ordinary Ukrainians—but will help pay foreign creditors […]
‘Germany’s finance minister says Greece may leave the 19-member eurozone if the administration in Athens fails to clinch a final agreement with its international creditors. Speaking in an exclusive interview with German-language Austrian public broadcaster, […]
‘In PR terms PMQs is a win for DC. It effectively targets this niche audience who absolutely love it – and therefore him – if only for those few moments before they return to plotting […]
‘Relations between Greece and Europe’s creditor powers are dangerously close to breaking point. Both sides have issued ultimatums, each insisting angrily on fixed positions and lashing out at each other with barely concealed animosity. “If […]
‘”A year or so on from the last coup in Ukraine, Ukraine’s former Prime Minister Sergey Arbuzov told TASS, with growing popular discontent, “another state coup can’t be ruled out in Ukraine.” As the cease-fire […]
‘Hundreds of thousands of Palestinians are cashed strapped this winter because Israel is withholding $240 million in tax revenue to the Palestinian Authority as punishment for joining the ICC. This is radical, though it’s not […]
‘Since 2010 the troika, consisting of the International Monetary Fund, the European Central Bank and the European Union’s commission, has forced different governments in Athens to implement six consecutive austerity programs which have severely lowered […]
‘Fractures began to appear in the Greek government today as Athens prepared to hand over a key proposed list of structural economic reforms to the country’s European creditors. The proposals – which include cracking down […]
‘Gene therapy involves identifying and replacing faulty or missing genes, or engineering augmentations for existing genes to permanently cure a wide number of conditions and illnesses ranging from cancer and diabetes, to regenerative processes like […]
‘Greek Prime Minister Alexis Tsipras has warned of “real difficulties” ahead, as his government faces a Monday deadline to submit a list of reforms to lenders. Under a deal agreed on Friday, the list must […]
‘Greek Prime Minister Alexis Tsipras has warned of “real difficulties” ahead, as his government faces a Monday deadline to submit a list of reforms to lenders. Under a deal agreed on Friday, the list must […]
‘Greek Finance Minister Yanis Varoufakis–an economics professor who has taught at Cambridge and the universities of Athens, Sydney and Texas–may understand the Greek debt crisis even better than New York Times reporters. As corporate media […]