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Frugality, Education, Infrastructure and Attitude Change is Needed in the West: We Should Not Rely on Keynesian Nostrums to Pull Us Through
By Jon Moynihan The West’s economic dilemma will not be solved until those countries have not just restructured their balance sheets, by significantly lowering expenditure, but have also significantly changed the mix of that expenditure. In the UK and the
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New ‘Pacific Alliance’ Upbeat and Seeking Competitive Advantages
Leaders of Pacific Alliance: Ollanta Humala, President of Peru; Juan Manuel Santos, President of Colombia; Sebastián Piñera, President of Chile; Felipe Calderón, President of Mexico. The new bloc’s integration opens up significant opportunities for incremental economic development through increased
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European Investment Fund (EIF): EUR 180m of Loans for Microbusinesses Across Europe Under Progress Microfinance
After completing his 26-month military service, Andronikos (23) set up his own car wash business on his parent’s land. The land in Episkopi had been unused for a few years and even though he had thought of opening a carwash
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Institute for New Economic Thinking (INET) and INET Council on the Euro Zone Crisis (ICEC): Europe is Sleepwalking Towards Disaster of Incalculable Proportions
The alternative to fixing the euro is a catastrophic crisis with the euro zone socially unsustainable. The dilemma is how to unwind the high debt levels and losses in competitiveness accumulated and do this in the middle of recessions that
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Brazil Cuts Interest Rates to Record Low to Stimulate GDP Growth
As less consumer spending and lower business confidence cause the Brazilian economy to slow, President Rousseff looks to boost growth by cutting and simplifying taxes while the Central Bank cut interest rates. President Rousseff just met with Prime Minister Cameron
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World Bank Group: Create Jobs by Focusing Industries to be Competitive
Focusing Investment in Industries Poised for Growth Can Help Generate Jobs, Income and Wealth. By Janamitra Devan Job creation is the top priority of governments worldwide, as countries large and small struggle to overcome the prolonged global economic downturn. Amid
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European Council’s Van Rompey: Europe Must Overcome Crisis to Defend Democratic Values
European Council President Herman Van Rompuy’s speech “Europe on the World Stage” recently given in London emphasized the complete change of the global landscape, identifying three main trends: “One: the stage is getting more crowded. Two: the public comes closer to
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Itaú Unibanco Forms JV With Banco BMG
Itaú Unibanco announced on Tuesday an agreement with the Banco BMG to offer, distribution and marketing of payroll services. The joint venture will be called banco Itaú BMG Factored, and Itaú Unibanco will hold the control with 70% of the
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Barclays’ Libor Rate Fixing Leads to Resignations
Barclays last week agreed to pay $453 million to settle U.S. and British authorities’ allegations that the British bank tried to fix and manipulate the London interbank offered rate, or Libor, which is the benchmark for interest rates on trillions
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BRIC Stocks Now Out of Favour … Later to Be an Incredible Investment Opportunity
With BRIC stock valuations currently low and yet with strong long term projected growth a great buying opportunity may materialize at some point going forward. Meanwhile, attractive dividend yields of 4%-5% and more are available. The “BRICs” – Brazil, Russia,
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