To encourage growth, governments borrowed to finance infrastructure and current expenditures, and anticipated revenues to eventually cover the costs. Low interest rates led to surging debt, investment bubbles and unrealistic growth projections rather than a sustainable economy with jobs and tax...
Identity crisis: As Europe's finance ministers try to slow debt contagion, protesters, including Portuguese trade-union workers, fear austerity could destroy jobs
WASHINGTON: The slow-motion European sovereign-debt train wreck is rapidly...
The World Bank has been accused of wasting funds on useless malaria treatment and falsifying treatment results. The major aid organization that provides loan and resources for ending poverty retorts that the accusation is unfounded. The accusation first appeared in the UK medical journal "...
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原编者按：根据佩尤全球态度民意（Pew Global Attitude Survey）进行的一项全球范围内的民意调查，更多的，而不是更少的，经济整合对世界有利。世界银行发展研究中心主任戴维·道勒（David Dollar）引述调查结果来支持他过去就已提出了的观点--全球化确实有利于减少贫困和不平等。他指出1980年以来全球极端贫困人口的数量已经出现了显著的减少。但是，全球化仍然受到许多质疑，...
Long known for its opposition to genetically modified organisms, Germany will soon allow the cultivation and sale of GM foods. The minister for consumer protection, food, and agriculture, herself a member of the pro-environment Green party, says the new laws will benefit farmers looking to grow GM...
After months of negotiations, the German government has agreed to allow the cultivation and sale of genetically modified crops in Germany.
Calling the bill “a great success for consumers and farmers...
US President Donald Trump has turned on European allies by withdrawing from the Iran nuclear deal, undermining the foundation of the Joint Comprehensive Plan of Action. Iran was in compliance with the agreement, but hardliners convinced Trump to exit the deal rather than try for revisions. Many...
Breaking on Iran: European leaders including French President Emmanuel Macron, German Chancellor Angela Merkel and British Prime Minister Theresa May decide to go their own way on Iran while Iranian oil production finds many takers
LONDON: In...
Virtually all climate researchers agree that the evidence reveals climate change spurred by human activities is underway. Yet right-wing skeptics reject the science as hoax, equating concern with “an irrational environmentalist religion,” reports Deutsche Welle. They obstinately compare themselves...
Poland’s pending membership in the European Union should, in theory, offer great benefits to towns on the border between Germany and Poland. The divisions created in 1945 had severe economic consequences for some small border towns. EU membership for Poland and cross-border trade between these...
There are three divided towns along the German-Polish border: Frankfurt an der Oder, Guben in Brandenburg, and Görlitz in Saxony. All three are nestled on the Oder and Neisse rivers. Poland's accession to...
A long anticipated slowdown in China’s growth prompted a downturn in stock prices and firm government interventions. The percentage of foreign investors in Chinese stocks are low, but the abrupt moves unnerved investors around the globe. Market prices fell in Europe, the United States, Japan and...
China shock: A market crash in China jolts investor, top; China's falling demand spreads unemployment to Australian mines
MEDFORD: China’s stock market crash and the international volatility set in motion have again put the world on edge. Analysts...
