I’d been waiting for the first major newspaper columnist to write something about this. Here it is, from Evans-Pritchard of The Telegraph: As I long feared, the flood of cheap credit into Southern Europe and the slow death of Club Med industry by currency asphyxiation have together created such a dangerous situation for world finance… Read More »
Cynicism and the Nigerian state – NigeriansTalk The Un-Shock Doctrine: A defense of communism – Slavoj Žižek The Political Relevance of the Internet in Developing Countries – The Monkey Cage Time to avoid the dictatorship v democracy debate in Africa – David Booth Eurozone and the Greek debt – “Overindebted countries with their own currencies inflate. But countries… Read More »
1. Ignoring Africa’s present or the West’s past? – Wronging Rights 2. London faces battle to stop trading shift to eurozone – Financial Times 3. Europe agrees on Greek safety net with IMF role – Reuters 4. Scouring blogs for useful information – The Economist 5. Winner of the world’s oddest book title award –… Read More »
The crash of 2008 revealed the flaw in the euro’s construction, as each member country had to rescue its own banking system instead of doing it jointly. The Greek debt crisis brought matters to a climax. If member countries cannot take the next steps forward, the euro may fall apart, with adverse consequences for the… Read More »