Worldcrunch
Determined to assert its sovereignty over regions still under Serbia’s illegal control, Kosovo Prime Minister Albin Kurti is pushing hard to enforce the euro as its official currency — risking a dangerous escalation in a region already scarred by war and ethnic conflict.
This week’s currency setbacks for the world’s second-largest economy have created a financial ripple effect across the globe, with stock market nosedives and raw material prices dropping to dangerously low levels.
-Analysis- SANTIAGO – While Argentina and Venezuela have had to devalue their currency as a result of rampant spending and foreign exchange shortages, the rest of Latin America faces exactly the opposite problem. Local currencies have appreciated against the dollar, which has had three negative effects. It is bad for exports; economies have become less […]