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The crisis that has erupted in Ukraine following the right-wing coup engineered by the United States and Germany and the intervention of Russia into Crimea has created the most dangerous international confrontation since the end of World War II. Almost overnight, in a...
The international economic system that took shape after the collapse of the Soviet Union is not dead yet, but it is dying. We see that daily, not only in reports on the crisis but also in other news from around the world that tells the same story: the system isn’t...
All recent economic indicators point almost unambiguously to a new global recession, one which threatens to be more severe and prolonged than the 2007 crisis. While the epicentre of this developing crisis is located in the metropolitan countries, specifically the EU...
The ongoing eurozone crisis is often projected in the media, somewhat superficially, as wholly the product of Greece's financial profligacy. There are, however, more fundamental reasons for this turmoil. The causes are to found, as the following analysis shows, in the...
Does the chaos in the Eurozone signal the beginning of the end of the Euro?Four years and a couple of trillion dollars worth of rescue packages after the eruption of the sub-prime crisis in 2007, we are nowhere near resolution of the “North Atlantic Financial Crisis”....