World economy

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Extremists and the Fiscal Cliff

The extremists of the Tea Party have ruined the Republican Party and threaten now with bringing to a halt the Congress and the government. Economic indicators are already signalling danger.

The US fear Europe’s austericide

As anger and despair over austerity spread in Europe, more US analysts are expressing their solidarity towards protesters and skepticism towards policy makers. A turning point was IMF’s shift, saying that tax hikes and spending cuts causing far more economic damage than experts had assumed.

The downward trend continues in the EU

Economic weakness will remain in the second half of the year, CaixaBank analysts say. Consumer confidence fell again in the third quarter of the year. The IMF also lowered its growth forecasts.

In Gold we trust

The biggest economy is playing with fire should Washington lawmakers fail to agree on a reasonable plan to redress its burgeoning deficit.

Austerity and poverty in Greece: more that meets the eye

Don’t just blame austerity, says policy adviser Manos: Greece’s welfare state has for years been the worst in the OECD at tackling poverty. And it isn’t alone. Estonia, Malta and the Czech Republic have similar levels of food poverty as Greece’s among households with dependent children.