The Maghreb is at the moment a particularly sensitive and fragile region, because of a distinctive combination of various security challenges, including “frozen” border disputes, which have in turn discouraged attempts at meaningful and effective regional integration. However, this situation is currently overshadowed and aggravated by a wave of pro-democracy protests that have hit, to various degrees, all countries of the region.
Monday, April 18, 2011
Sunday, April 17, 2011
IMF, World Bank meetings mark host of global economic challenges
Leaders from the International Monetary Fund and World Bank this weekend outlined a number of global economic risks, chief among them surging food prices, inflation, an uneven worldwide recovery and overheating in Asia.
While the global economy has shown signs of improvement, it remains in a "fairly fragile" state, said IMFC Chairman Tharman Shanmugaratnam at a press briefing on Saturday.
While the global economy has shown signs of improvement, it remains in a "fairly fragile" state, said IMFC Chairman Tharman Shanmugaratnam at a press briefing on Saturday.
Friday, April 15, 2011
China, Russia endorse India's place in un Security Council
BRICS stands united on Libya, opposes use of force.
India has secured a significant endorsement of its aspirations for a permanent place in the United Nations Security Council or UNSC. India has been lobbying hard in various international forums for some time to gain a permanent seat at the UNSC, on the ground that the UN body should appropriately reflect the shift in power and relative importance in favour of developing countries like itself.
India has secured a significant endorsement of its aspirations for a permanent place in the United Nations Security Council or UNSC. India has been lobbying hard in various international forums for some time to gain a permanent seat at the UNSC, on the ground that the UN body should appropriately reflect the shift in power and relative importance in favour of developing countries like itself.
Wednesday, April 13, 2011
US lacks credibility on debt, says IMF
The US lacks a “credible strategy” to stabilise its mounting public debt, posing a small but significant risk of a new global economic crisis, says the c.
In an unusually stern rebuke to its largest shareholder, the IMF said the US was the only advanced economy to be increasing its underlying budget deficit in 2011, at a time when its economy was growing fast enough to reduce borrowing.
In an unusually stern rebuke to its largest shareholder, the IMF said the US was the only advanced economy to be increasing its underlying budget deficit in 2011, at a time when its economy was growing fast enough to reduce borrowing.
Tuesday, April 12, 2011
US lacks credibility on debt, says IMF
The US lacks a “credible strategy” to stabilise its mounting public debt posing a small but significant risk of a new global economic crisis, says the International Monetary Fund.
In an unusually stern rebuke to its largest shareholder, the IMF said the US was the only advanced economy to be increasing its underlying budget deficit in 2011 at a time when its economy was growing fast enough to reduce borrowing.
In an unusually stern rebuke to its largest shareholder, the IMF said the US was the only advanced economy to be increasing its underlying budget deficit in 2011 at a time when its economy was growing fast enough to reduce borrowing.
Monday, April 11, 2011
Germany: A test of strength
In the curious political blame game that is the daily bread and butter of the European Union, it seems there is one country that can never win: Germany.
Europe’s most populous and economically powerful country may be by far the biggest guarantor of a rescue fund for its cash-strapped eurozone partners. But that has not spared Berlin the brickbats from Greece, Ireland and now Portugal, where the popular feeling is that German meanness – not generosity – is partly to blame for austerity programmes those countries are being forced to adopt.
Europe’s most populous and economically powerful country may be by far the biggest guarantor of a rescue fund for its cash-strapped eurozone partners. But that has not spared Berlin the brickbats from Greece, Ireland and now Portugal, where the popular feeling is that German meanness – not generosity – is partly to blame for austerity programmes those countries are being forced to adopt.
Sunday, April 10, 2011
Keynes the key to maintaining Australia's economic health
The government's swift adoption of Keynsian policies protected the nation during the GFC. Now it is time to finish the job and bring in a surplus.
TWO and a half years ago, the fall of Lehman Brothers triggered the global financial crisis and sharemarket collapse that pushed the world economy to the brink of utter catastrophe. Australia's swift policy response saved tens of thousands of jobs, countless business failures, and a level of individual misery and hardship that can never be known. Today, despite the hammer blows of recent natural disasters, our economic outlook is strong and we are in a better position than almost any of our peers.
TWO and a half years ago, the fall of Lehman Brothers triggered the global financial crisis and sharemarket collapse that pushed the world economy to the brink of utter catastrophe. Australia's swift policy response saved tens of thousands of jobs, countless business failures, and a level of individual misery and hardship that can never be known. Today, despite the hammer blows of recent natural disasters, our economic outlook is strong and we are in a better position than almost any of our peers.
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