Serbia Test EU Resolve and International Institutions Amid Covid Spike

Greece just barred citizens from the landlocked country of Serbia following that state’s declaration of a state of emergency on July 3, 2020. The news comes on the heels of growing COVID-19 numbers in the Balkans, with Serbia currently registering 16,420 cases and 317 deaths. Ironically, Belgrade made the decision on the same day that…

Clashing Elites: Failure and Fortune Re-Imagined

The trillion dollar stimulus package that has primarily gone toward bailing out American industry, was financed by its major debt-buyers, like Japan, UK and China. The US is once again selling debt through the Federal Reserve to to stabilize the US economy, other Western nations will likely follow suit– just as bad debt was sold…

Repackaging the Developing World

Nations around the globe are mulling over how to restart and rescue flagging economies brought on by the worldwide COVID-19 Pandemic. Among those seeking a solution to economic woes are the world’s “developing economies,” many that often have GDPs lower than many Western multinationals. These nations must not only determine how to solve the new…

Germany Tasked With EU Recovery Woes

Germany is slated to take the helm of the European Union’s Presidency of the Council in July. Currently at a 62 percent GDP to debt ration it has been tasked to take the helm of the beleaguered Union struggling with debt ratios at or above 100 percent. Greece, has ballooned to nearly 200 percent, and…

The Emerging Details of a Post-Covid World

This year, it was the first time history of the People’s Republic of China that a gross domestic product (GDP) target will not be set. The PRC began setting targets in 1990 when it began to “open up” greater for globalized trade. 1990 was a rocky year worldwide as the Eastern European block began to…

Breaking Bad: Pushing Back Against A Punishing Austerity

In the past, southern European countries have been punished fiscally by northern European states to preserve the fragile ecosystem of the European Union. It has meant grueling austerity measures that tested populations across Europe. Today, as Covid-19 continues its destructive path, for the first time, Southern European nations may not be punished for the fiscal…

Eating the Developing World: A Pandemic Response

The recent pandemic has once again highlighted the built in ineptitude and inadequacies of the current world financial system.  This time, it can be easily highlighted in the ballooning IMF loans and financial arrangements wresting a strangle-hold on the developing world. The IMF is providing a different kind of leadership in the Pandemic. Unlike China…

Oil Wars, An Aftermath Ensuing

Just before the lockdown a small but powerful storm was brewing, a contest that implicated the fortunes of Saudi, Russia and the USA. Fracking created for the US a unique opportunity to be a leader in oil production as long as prices remained competitive. The fracking made importing oil less dire and put the USA…

Eating the Dream: Managing A Covid Recovery

According to the CDC the United States has registered nearly 750,000 cases and over 39,000 deaths related to the COVID-19 pandemic that has swept the world. The state of Emergency issued by the US President sent millions of Americans into their homes to shelter in place until the virus had run its course. Even while…

Lead by Italy, Southern European States Strain EU Pact in Uncertain Times

When Italy agreed to 65 billion dollars in austerity measures prescribed by the European Union, the result had a crushing effect on the populace.  It is largely believed that financial and economic indiscretions in Europe’s southern economies contributed had to the crises. As the EU’s third largest economy, Italy was among those foremost nations being…