In Southern Europe, we are immersed in a deep financial crisis. This is largely due to greed within the banking sector in this hyper-liberalised financial system, a growth model highly dependent on speculation and the 'bad government' prevalent in the region that has tolerated, if not pro-actively fuelled, this erratic developme...
Read MoreIn a recent speech in Washington on "Back to Rio - the Road to a Sustainable Economic Future", IMF managing director Christine Lagarde cited recent IMF research showing that "countries with more equitable distributions of income are associated with greater macroeconomic stability and more sustainable growth over the longer term....
Read MoreThe mid-2102 update of the "UN World Economic Situation and Prospects" report, released last Friday, identifies the euro area debt crisis as the biggest threat to the global economy. The update revises downwards the report's earlier economic growth forecasts for 2012. It states that globally "unemployment remains high, a conditi...
Read MoreThe World Bank's new "Global Economic Prospects" publication forecasts slower growth for almost all developing regions in 2012 because of protracted instability in the Euro area. The reports attributes its expectation of lower growth in developing regions to a series of factors associated with the euro zone debt crisis, includin...
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