... my country, Russia. European Union leaders discussed the situation on 26March, but did not manage to achieve full unity on all points. For instance, they postponed their own decision by instructing the Eurogroup to elaborate response measures to the crisis caused by COVID-19 in two weeks’ time: the next meeting of the Eurogroup is scheduled for 7 April only.There may be contacts in between though.
By the way, all this is happening now in videoconference format. And how effective such communication ...
The IMF’s diagnosis was that of a “synchronized slowdown” across the globe with the Fund revising its growth projection for global economic growth downwards and putting the 2019 growth estimate at the lowest level since the 2008-2009 financial crisis
This year’s Annual meetings of the IMF and the World Bank in Washington DC revealed a growing preoccupation with the mounting signs of a slowdown in the world economy. The IMF’s diagnosis was that of a “synchronized slowdown” across the ...
... favorable state of the global economy will most likely worsen considerably in the next 18 months to two years
As a country that has experienced a number of harsh economic shocks throughout its history, Russia constantly lives in anticipation of a new crisis. Recently, however, economists and investors around the world have been actively discussing the possibility of a crisis as a fairly likely scenario in the near future. Are there any real grounds for these discussions? And what might the consequences ...
... but also because in the past allied forces - especially Turkish ones - attacked Syrian objectives on multiple occasions.
This could lead to an escalation that would involve the United States and Russia, which has always been a concern during this crisis. Now that the American administration is about to change, there is a chance that things may ameliorate on that front, but it is quite too early to assess if elected President Trump will follow through with his program of relaxing relations with ...
... of disaster, where it remained, precariously-balanced, for thirteen – seemingly never-ending – days. Fast forwarding to half a century later, it is 2015 and it is impossible not to notice how the hard-learned lesson of the Cuban Missile Crisis appears to have been forgotten. Although the current “Cold War II” hasn't reached the same dangerous peaks of its former incarnation, I maintain that it shows all the signs of a conflict escalating so rapidly, that a revival ...
In April 2015 Dilma Rousseff marked the first 100 days of her second term as President of Brazil. This date, which is traditionally regarded as quite significant for Heads of State, took place amidst escalating corruption scandals, mass protests by civil society, a deteriorating economic situation and worsening disagreements within the ruling coalition. The growing instability is giving rise to uncertainty about the political situation.
Grounds for social protests
In March - April 2015, mass protests...
... successful in bridling the negative economic trends to prove that PIGS countries
[1]
offer a good example of the focused execution of complicated homework.
PIGS: P for Portugal
Portugal, Ireland, Greece, and Spain emerged from the 2008-2010 global financial crisis virtually insolvent
[2]
, with signs of recovery from the painful recession appearing only in 2013. Since these countries’ economic potentials (see Table 1) and macroeconomic problems differ, mechanisms for handling the problems also varied....
Foreign opinion
The Great Recession that beset in 2008 and the ongoing European sovereign debt crisis pose serious challenges to global financial institutions. In this exclusive interview for the Russian Council
Daniel W. Drezner
, Professor of International Politics at Tufts University, assesses the effectiveness of global financial structures ...
The present crisis in the eurozone is caused in many respects by the political commitment of the movers of this ambitious experiment as well as by the lost opportunities of some of its members which have been participating in the structural reforming of their national ...
... David, Maryland, United States, on 18–19 May 2012. Not much was expected from this summit, even though this was not connected with the fact that Vladimir Putin did not go there. The world is frozen in anticipation of the outcome of the Greek debt crisis. Neither sovereign wealth funds, nor central banks of major powers are conducting major operations: all are waiting for the outcome of the eurozone fate.
G8 are waiting for agreement on the Greek issue, and further developments. Strictly speaking,...
