We are quietly witnessing the largest shift to austerity undertaken in this century. Debt-strained developing countries are making further cuts to already ragged budgets, in many cases as they battle to meet punishing new conditions demanded by the International Monetary Fund (IMF), which held its Spring Meetings last week in Washington DC.
Norway’s government said Tuesday it was referring a dispute between oil and gas workers and employers to an independent board, after an industry group warned strikes could cut Norway’s gas exports by more than half. […]
A Free Trade Agreement between the EU and four South American countries, known as the Mercosur trade bloc, has been voted down by the Dutch parliament. This not only puts the largest-ever EU trade deal […]
The situation in Europe is getting so bad on so many different levels, the Brussels crowd had to bring in “Super” Mario Draghi to save the day — or at least write a report telling […]
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