The European Union throughout its history has experienced periods of Euro-optimism and periods of Euro-pessimism, with crises scattered in between. Jean Monnet, a pioneering advocate of European unity, wrote that “Europe will be forged in crises, and will be the sum of the solutions adopted for those crises.” But the recent period of Euro-pessimism has […]
China has become the largest economy on the planet and we’re witnessing a collective silent scream on behalf of the West in response to the loss of its worldwide dominion.
From the effects of populism throughout the New and Old World to Russia´s slow, but steady positive growth, the IMF’s economic predictions for 2017 have had to take into account the geopolitical volatility. Frankly, it is hard to know what we can expect with so many unexpected precedents. In Europe, all eyes will be on […]
The current crisis has taught us some valuable lessons. At its core, the crisis illustrates the need to disregard age-old principles. Unfortunately, creditors’ dogged adherence to some longstanding doctrines has led to misconceived policies, inflicting unnecessary pain on some without putting an end to the crisis. For some, the question of whether recovery will come soon enough is still up in the air.
Until last year, oil prices had ranged from $90 to $100 a barrel for about a decade, notwithstanding a drop during the 2008-2009 financial crisis. By December 2015, the price of Brent crude had dropped to $36 a barrel. As a result, countries heavily reliant on oil exports like Saudi Arabia, have been forced to […]