OECD: Mind the financial gap that lies ahead

A rather disappointing picture of the world economy drew OECD Deputy Chief Economist Jorgen Elmeskov last week, when he said that “The gradual pick-up in momentum in the advanced economies is encouraging but a sustainable recovery is not yet firmly established. Major risks remain”. If it was not for China’s predicted growth during the last […]

Where is Egypt leading the Middle East and the Mediterranean economy?

There is no doubt that the Egyptian experiment of democratic political and economic transformation of the country by the Muslim Brotherhood has failed in every respect and the West recognised it. No wonder why no western government or the UN termed the intervention of the Egyptian army and the toppling of President Mohamed Morsi, as […]

European Union disenchanted with Turkey

The accidental coincidence of the visit of the European Commissioner Štefan Füle, responsible for Enlargement and Neighbourhood Policy to Turkey last week, with the crtical moment when the events in Istanbul’s Taksim Square were at their peak, may affect negatively the relations between the EU and this country. Negotiations over Ankara’s roadmap to become one […]
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