World trade is about to see a dramatic change with two huge planned trade deals, which will cover almost 80 percent of the total trade in the world. The planned Trans-Pacific Partnerships (TPP) and the Transatlantic Trade and Investment Partnership (TTIP), which will strengthen mainly America's hands in the global trade, should, however, be reconsidered carefully in the age of terror, which is
Christopher Dembik, Economist of Saxo Bank, claims that a new crisis is coming and explains it in four points:
• Shortening economic cycle means more frequent crises
• ‘Great Divergence’ model saw China assuming the US’ leadership role
• We have likely reached the limits of adjusting monetary policy
• States have compromised a return to growth due to debt
A few weeks ago, at the height of the panic in the Chinese stock markets, a sour joke was doing the rounds: "Last month, the dog was eating what I eat. Last week, I was eating what the dog eats. This week, I think I'll eat the dog." A lot of people have lost a lot of money.
Let me highlight this first: There is a colossal difference between capitalism and wild capitalism. For a long time, wild capitalism has been imposed upon us under the name of ?development.?
Marking International Labour Day in Montenegro on May 1, the Independent Trade Union is urging Montenegrins to dismiss worries about publicly expressing dissatisfaction with government policies and join a mass rally.
Citizens need reminding that "we are all slaves to the neo-liberal economy," the head of the union, Srdja Kekovic, said.
A quiet bourse session at the start of the week ended with the benchmark of the Greek stock market at the day’s high, just over half a percentage point above Friday’s close, but on significantly reduced trading volume.