Both Pakistan’s and Sri Lanka’s leaders have resigned recently. Their fates should be a reminder to politicians in Asia and around the world: good economics might not be enough to get re-elected but bad economic decisions can hasten your fall.
Tag: debt crisis
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China’s Loose Credit Gambit
While other major economies are taking steps to tighten credit, China is acting to cheapen it, in order to revive its economic activity and help big firms repay their debts. But will it fuel global inflation, or worse, stagflation?
Photo: Thierry Roge/Zuma LAST CHANCE FOR GREECE? Greeted by a mix of cheers and boos, Greek Prime Minister Alexis Tsipras addressed the European Parliament in Strasbourg on Wednesday as the fate of his country’s membership in the Eurozone — and perhaps the ultimate destiny of the single currency itself — hangs in the balance. TALIBAN […]
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Look Who’s Coming To Cyprus Now
Real estate agents from the troubled Mediterranean country have identified potential buyers in China, looking for both cheap real estate, and EU residency. But buyer beware.