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After Greece obtained its third bailout last summer, Europe turned its attention to other crises. But it would be naive to conclude that the sovereign debt crisis is over. The Greek drama is still far from a happy ending; in Portugal and Spain, fragile left-wing governments may want to abandon austerity and roll back reforms; France has declared a state of economic...
Dr. Michael Wohlgemuth
The drama of Brazil’s immense political and economic crisis has reached a sort of “ground zero” point, from which it can develop in any direction, leading to a positive or very negative outcome for the country.
In early December 2015, Brazil’s Congress unexpectedly and abruptly moved to impeach President Dilma Rousseff. A...
Carlos Eduardo Lins da Silva
The United States Federal Reserve made news last week by raising its benchmark interest rate. However, even if the Fed continues with modest hikes, globally, rates close to and even below zero are here to stay, especially in the eurozone. Some observers explain this unusual state of affairs by citing economic trends (long-term stagnation), while others blame moneta...
With birth rates far below replacement levels, China is facing a demographic crisis. The government’s recent relaxation of the so-called ‘one-child policy’ showed its willingness to tackle the issue. But it will not solve the problem. Economic and social factors are driving the desire to keep families small, writes GIS guest expert Brendan O’Reilly. To keep the gre...