A 28% increase in value was registered within the last 18 years, that is from 2007 to 2024, the fast-moving consumer goods (FMCG) basket in supermarkets, when the average equivalent disposable income in real prices was at Greece in 2023 lower by 28.38% compared to that of 2010 (Eurostat data)! However, this paradox does not … Read more
Table of Contents 1 Greek… memories and ECB 2 The ECB’s warnings 3 Worrying about debt 4 How might recent election outcomes in European countries influence fiscal policy approaches, particularly concerning austerity measures versus growth-oriented strategies? The eurozone faces the risk of a new debt crisis if it does not take immediate action to boost … Read more
«Athis is my “treasury”, but in recent years it is not filled as it used to be” says 45-year-old Haris Mavrommatis, pointing to the warehouse of his house in the village of Ano Komi, which he has converted into a drying area for Kozani saffron, known worldwide as saffron, the “red gold” as growers and … Read more
The British economy is very different from the Greek one. And of course they are far from each other. However, in the current decade they both fell into major crises for completely different reasons. Ours found itself in a state of bankruptcy, to avoid which it needed bailout loans against which it accepted binding memoranda … Read more
Zimbabwe’s ruling party Zanu-PF has passed a controversial resolution seeking to amend the country’s constitution that could see President Emmerson Mnangagwa extend his term by two years. The resolution at the party’s annual congress last weekend came after months of campaigns by Zanu-PF to remove the two five-year presidential term limits on the constitution. It … Read more
Mexico City. In response to a specific question, President Claudia Sheinbaum Pardo ruled out a fiscal crisis. “Zero, there is no problem, the government is closing well,” there are resources in the Treasury, he said. He affirmed that this year the deficit will close at “a little less than six percent,” according to the estimates … Read more
Corona aftermath and crisis Number of bankruptcies just shy of record October 9, 2024, 7:05 p.m. Listen to article This audio version was artificially generated. More info | Send feedback Almost 4,000 companies filed for bankruptcy nationwide in the third quarter. That is almost as many as in the record quarter of 2010. The reasons … Read more
A Czech tourist in the Zimbabwean city of Masvingo filmed a video in which he described and captured the poor economic situation in Zimbabwe. Police officers who were responding to a traffic accident nearby overheard the man’s comments and arrested him for spreading falsehoods. News24 and Zimlive reported about it, according to which the person … Read more
Mexico City. In July, 12,344 formal jobs were created in the country, which is equivalent to a minimum increase of 0.1 percent compared to the previous month and reflected in permanent positions, because 23,787 temporary positions were lost, reported the Mexican Social Security Institute (IMSS). The monthly report indicated that there were 36,131 new formal … Read more
It’s no secret to anybody that the Island goes by one of many worst financial crises in its historical past, which has introduced shortages of meals, medication and gasoline, nevertheless, the seriousness of the scenario has been evident as soon as once more after The Castro authorities postponed this 12 months’s conventional Meteor train because … Read more