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…

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…

The Economics of the Erotic

It is estimated that sex trafficking earns nearly nearly 100 billion dollars per year, according to Human Rights First, an organization focused on the ills and prevention of human rights abuses.  The recent arrest and subsequent suicide of American business man and billionaire Jeffrey Epstein shed brought more attention to the scourge of human trafficking…

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…