Eurozone

By IndepthAfrica
In Article
Oct 11th, 2012
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By J C Suresh, IDN A new report by the World Bank highlights the resilience of African economies despite global slowdown caused by the Euro-zone crisis and decline in growth in emerging economies, particularly China – an important market for the continent’s mineral exports. In fact, new oil, gas and ...
By IndepthAfrica
In Europe
Jun 21st, 2012
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79 Views
Pyotr ISKENDEROV The recent rerun in Greece gave the EU a sense of certainty Europe had lacked for quite some time. Considering that the frontrunner in Greece automatically gets extra 50 seats in the 300-seat legislature as a bonus, the votes garnered by New Democracy – around 30% – combined wi...
By IndepthAfrica
In Article
Jun 13th, 2012
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By Desné Masie The 2008 Financial crisis and the attendant Eurozone crisis are reshaping the future of global finance. But what are the implications of this for Africans? Why have financial institutions rushed to the aid of Greece, yet African countries such as Malawi been forced to plead for support...
By IndepthAfrica
In Europe
May 15th, 2012
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52 Views
oters across Europe have spoken in the last week and the message they have sent has upended the fragile consensus that budget cuts and fiscal discipline would bring the continent back from the brink of debt Armageddon. In national elections in Greece and France, as well as local elections in Germany ...
By IndepthAfrica
In
Dec 28th, 2011
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31 Views
South Africa’s rand was little changed from its previous close and government bonds were also largely flat in sluggish trade on Wednesday, with most players out of the market until the start of the new year. The rand traded at 8.1530 against the greenback at 0653 GMT, down just 0.04 percent fro...
By IndepthAfrica
In Europe
Dec 18th, 2011
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41 Views
Hannes HOFBAUER (Austria) The Brussels summit of December 2011 intended to solve a huge fiscal and budget (and in reality an economic) problem in the Euro-zone. It let to a political split within the EU-27 and risks to unleash a constitutional disaster. What happened in Brussels? Superficially, the G...
By IndepthAfrica
In Europe
Dec 4th, 2011
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63 Views
The European Union was never about Democracy and therefore it comes as divine justice that the ball which represents the Eurozone crisis was kicked off by a currency sculpted graphically around the Greek letter epsilon and rolls back, precisely, to Greece. The Euro project was and is a spectacular ow...
By IndepthAfrica
In Europe
Dec 4th, 2011
0 Comments
44 Views
by Stephen Lendman Europe and America perhaps face their gravest ever economic crisis. Growing millions are impoverished, unemployed, and out of luck. Hunger and homelessness are increasing. So is unaddressed anger over handouts to bankers, not people facing crushing hardships. Economist Michael Huds...
By benim
In Europe
Aug 11th, 2011
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43 Views
European stock markets fell in early trading Thursday, largely on concerns about the fiscal health of the continent’s banks. But the markets bounced back in the afternoon, after French and German leaders scheduled an emergency summit to address the euro zone’s debt crisis. It looked like another day ...
By benim
In Europe
Aug 3rd, 2011
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350 Views
Controversial prime minister Silvio Berlusconi hosted one of his infamous ‘bunga bunga’ parties earlier this week, Italian media claimed today. Berlusconi, 74, is embroiled in allegations that dozens of showgirls were paid to attend the bunga bunga parties – which is said to refer t...