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…

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…

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…

Italy Fortifies Security on Economy and Migration

In August 2011, Italy agreed to 65 billion dollars in austerity measures meted out by the European Union. The reverberations of the world Financial Crises of 2008 cracked veneer of Europe’s largest socioeconomic pact. With southern European nations like Italy and Greece at the forefront of the fray, many saw major economic retraction in their…

Who Chooses the World’s Economic Winners and Losers?

A late January 2020 report by Transparency International was released, grading national corruption across the globe. The report more than rankled a few feathers despite being overshadowed by the coverage of the Wuhan Flu which hit Asia earlier this year. Nigeria was among those nations whose rankings had slipped, even under the aggressive anti-corruption policies…

Row Over ECO Currency Reveals External Controls

The latest developments coming out of Africa further solidifies the notion that the currency tides are turning. It was only a few decades ago that the U.S. Dollar and Oil/Dollar reigned supreme, despite its lack of actual intrinsic value. It is important to note, that in 1971 when former U.S. President Richard M. Nixon un-pegged…

NATO Defense Pledge May Tax Already Strained Western Budgets

While political pundits and news analysts were busy bandying about the rhetoric that NATO (North Atlantic Treaty Organization) leaders were making small talk of the current sitting US President, many did not note the outcomes of the two-day 2019 NATO Summit. The event ran from December 3rd to the 4th in London, with major pledges…

A Growing Threat: Economies of Power

Although China has grown immensely over the past 20 years, countless other economies have seen much advanced growth. India, the UAE and Vietnam are among them to name only a few. Many of these countries have extensive business interactions with the USA and other advanced economies. While the US has quite a large trade deficit…

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…

The Korean Quotient: Hedging Bets in Asia

With just 22 percent of its topography composed of arable land, South Korea is a nation of hills and mountains. Island nations and nations with little arable land must often balance between domestic production and international imports to feed its citizens and maintain prudent import/export levels. While rice is the Republic of South Korea’s (ROK)…

The Asian Dream: Vietnam’s Rise From Ruin

It is hard to believe that just 45 years ago, Vietnam was reeling from a long bitter war with U. S., the most powerful nation on the planet at that time.  In March of 1973, the last US troops withdrew from Vietnam and former U.S. president, Richard M. Nixon is reported declaring, “the day we…