An special report issued by OXFAM affirms that the global wealth is increasingly concentrated in the hands of a small wealthy elite. These wealthy individuals have generated and sustained their vast riches through their interests and activities in important economic and financial sectors- The study has included well known and recognized data sources estimating the ‘85 billionaires have the same wealth as the bottom half of the world’s population(...)
In the background of growing hurdles for young generations to find good jobs with higher incomes to make feasible repayments, gigantic growth of students´s debts has become a key political issue(...)
This paper examines Spain’s recent economic history, both before and after its recession, with a focus on employment, contributions to GDP growth, and the current account balance. It concludes that the economic recovery that began in the second half of 2013 is not the result of austerity policies, and is unlikely to rescue Spain from mass unemployment in the foreseeable future.(...)
We used to hear all the time about the “Third World” debt crisis—and how it was keeping Latin America and Africa poor. But now I hear that those economies have actually been growing pretty fast. Was all that talk about debt overblown?(...)
Now, the Chinese economy is slowing. But China hasn’t stopped adding more debt. About five years ago, Chinese debt levels began accelerating far faster than GDP(...)
The World Bank has warned of new threats to efforts to reduce poverty in the developing world.
In its twice-yearly assessment of global economic prospects, the World Bank forecasts only a modest increase in growth and warns of new threats of poverty in the Thirld World.(...)
The CEFID-AR of Argentina (http://www.cefid-ar.org.ar) prepared an special report to analyze critical aspectos of the world’s governance for debates related to last G-20 Summit (Think 20) hold in Turkey.(...)
This report, the latest in a series of annual reports by Global Financial Integrity (GFI), provides
estimates of the illicit flow of money out of the developing world-hereafter referred to as illicit
financial flows (IFFs) or illicit outflows-from 2004 to 2013, the most recent ten years for which data
interview to Costas Lapavitsas, a member of the Greek parliament, one of the left legislators of Syriza that voted against the new severe recessive and regressive measures placed to Greece Lapavitsas is professor of Finance in the University of London.
DIMITRI LASCARIS: This is Dimitri Lascaris for the Real News.
On July 13 in the early morning Alexis Tsipras, the prime minister of Greece, entered into a deal in principle with the creditors of Greece which will involve the opposition (...)
The “institutions” will only equip the Greek economy with enough operating funds to manage a bare-bones operation. And they will begrudgingly accede to this only if Syriza maintains a primary surplus and the neoliberal labour market reforms that the Troika judges necessary to keep the Greek economy, and other eurozone economies, competitive in the global market. The left-wing government must, in essence, demonstrate that its loyalty to the European bankers’ project takes precedence over its obligations to democracy.(...)