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Success in an Unfriendly Neighbourhood

Tel Aviv Israel

Tel Aviv Israel

Few people realize that Israel, despite all its political problems, is one of the world’s most successful economies. Since 2004 its GDP has grown about 5 per cent a year in real terms every year except 2009, when the global economy crashed. [Read more…]

EU leaders struggle

EU leaders struggle

EU leaders struggle

European leaders struggled to reconcile austerity with growth on Monday at a summit due to approve a permanent rescue fund for the euro zone and put finishing touches to a German-driven pact for stricter budget discipline. [Read more…]

Germany and France push change

Germany and France push change

Germany and France push change

The president of the European Commission appealed to EU leaders on Thursday to set aside their differences and unite to rescue the euro from a sovereign debt crisis that is menacing the world economy. [Read more…]

EU to bolster capital ratio of banks

Brussels – European leaders have reached agreement on bolstering the capital ratio of banks in the Eurozone to 9.0 percent in order to provide additional capital buffer amid the ongoing sovereign debt crisis in some of the countries, says Polish Prime Minister Donald Tusk. [Read more…]

Policy alone cannot solve economic crisis

Pretoria – Monetary policy alone cannot solve the global economic crisis, Reserve Bank Governor Gill Marcus said on Tuesday. The governor said that normal cyclical downturns are often reinforced by tight monetary policies in response to an overheating economy and inflationary pressures. “Unfortunately, we are not in a normal cyclical downturn, and the crisis cannot […]

Policy alone cannot solve economic crisis is a post from: South Africa Business

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