Thinking global, living local: Voices in a globalized world

Read all posts for ‘austerity measures’

  • We need a new social contract – not just austerity

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    When economic growth is not a given anymore, how can democratically elected governments trigger growth, maintain the welfare state and keep public spending down all at the same time? The answer is easy: they simply can’t. European welfare states have come to a crossroads. On the one hand, private investors […]

  • An IMF Loan: The Only Real Cure for Egypt’s Ailing Economy

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    Despite a recent rise in its foreign reserves, Egypt is clearly suffering from an economic crisis as evidenced in its spiralling budget deficit that has now  reached around 12% of GDP. As political instability continues, the crisis persists while the government seeks to stem it by taking loans from various […]