A BBC survey of around 20 million people in 21 countries found high support for Obama during the run-up. As soon as President Obama’s reelection was formally announced, pictures of people around the world celebrating Obama’s victory flooded the Internet. A wave of congratulatory messages from world political leaders immediately ensued. But the diplomatic greetings aside, […]

Yesterday, the French government signed a deal to provide Peugeot-Citroën, Europe’s second largest automaker, with €7 billion (or $9 billion) in credit guarantees.This is yet another example of government intervention in industrial sectors struggling with plummeting sales. Peugeot-Citroën, a multinational firm with more than 200,000 employees, is highly exposed to southern European markets, where fiscal […]

“The first thing the government does in an election year,” former Greek finance minister George Papaconstantinou admitted in 2009, “is to pull the tax collectors off the streets.” I think this statement has a lot to say about Greek debt, and perhaps even more revealing than a numerical breakdown of the government’s balance sheet.Papaconstantinou’s statement […]

Plugin by Social Author Bio