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…
Tag: austerity
Brexit: Escaping the Post Colonial Immigration Boom and the Debt Albatross
As the UK and the EU continue to seek to hammer out a deal for Brexit, the world watches as the flagellation surrounding the move intensify. In a June 2016 vote, the UK determined it would leave the EU as saw that its contributions to the union far outstripped many other nations and the looming…
Italy’s Money Challenge: From Austerity to Freedom
Italy has faced a massive influx of foreign national and refugees to its shores, and recently made incendiary statements regarding Frances’ role in the continuing instability in Africa. Italy’s inflammatory statements likely comes out of a state of frustration and helplessness, as it grapples to handle its own economic instability and the steady consuming wave…
Angola and The Changing Face of Debt
In early February 2018, Angola signed a 70-million-dollar agreement with the World Bank to develop the nation’s local economy. The loan is specifically targeted at infrastructure construction of medical centers, staff residences and other public works. The African nation has unsuccessfully sought to attract investors and appears to be turning its aspirations inward. Like many…
