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As the Russian economy’s difficulties deepen, the Kremlin is putting a brave face on things. It maintains that Western sanctions have been beneficial and that its own anti-crisis program is working. Moreover, the government is talking up a new “Strategy 2030” to boost domestic self-sufficiency based on import substitution. The new measures, however, are unlikely to...
Professor Stefan Hedlund
Some European countries are buckling under staggeringly high unemployment rates with Greece and Spain having more than a quarter of their population out of work. Their economies are suffering, while others like Italy and France are stagnating, and there is no prospect for growth until sweeping reforms are introduced to the jobs market, including freedom of contract...
Professor Enrico Colombatto
Public protests, some turning violent, have greeted austerity measures aimed at reducing Portugal’s deficit. A national strike has been called for November as the Portuguese government outlined its new budget involving tax rises and cuts in the number of public workers.
GOVERNMENT austerity packages are attracting huge v...
Dr. Jaime Nogueira Pinto