This year’s annual meetings of the IMF – World Bank Group in Washington D.C., which kicked off on Thursday 6 October, turned out to be an all out financial war of words between the United States and Germany. In the middle of it stands the battered Deutsche Bank. For a start, there was a confrontation […]
IMF – World Bank meetings: US – Germany clash instituted, anti-globalization prospects visualized
The West castigates Turkey’s Erdogan for the ruthless political cleansing
Last week, the Turkish President Recep Tayyip Erdogan defied his western allies, who have called for restrain and the rule of law in the wide ranging purge of the country after the failed coup. With the basic human rights hindered, his ruthless cleansing of the military, the judiciary, the public administration, the education system and […]
Spanish and Polish voters are crying out for an imminent European change while US urge now Germany to change route
The election outcomes in Spain and Poland last week were enough to cause even more uncertainty and turbulences to the already shaken European economy. The European leaders and especially Germany is facing another thorn while they struggle to come to a deal with Greece, which focuses on the austerity policy that is constantly followed by the […]
Eurostat confirms a dangerously fast falling inflation in Eurozone
Yesterday Eurostat confirmed that the euro area inflation rate for December was down to 0.8% from 0.9% in November, dangerously approaching the negative part of the graph. The announcement coincided with IMF Managing Director Christine Lagarde’s warning that weak growth in Eurozone is now also threatened by deflation (continuously falling prices leading to real economy […]
Summer pause gives time to rethink Eurozone’s problems
The United States Secretary of the Treasury Jack Lew on his way back to Washington from the G20 meeting in Moscow made a stop-over in Athens on Monday to meet the Greek Prime Minister Antonis Samaras. Probably this is not major news. However, what Lew said under the Acropolis about his encounter with the German […]