BANGALORE | By Srikanth Vasuraj | 2013 saw the Indian currency hit an all time low. The Current Account Deficit (CAD) and the Fiscal Deficit touched new highs. Inflation crossed 8% and the common man was left reeling under huge price rise in essential commodities, making the monthly budget unmanageable. However, next year could be the beginning of a new era thanks to the emergence of the AAP, the “Common Man’s Party”.
MADRID | By Francisco López| By the end of November 57.6 millions of international tourists had arrived Spain with British, German and French leading the visits. It mean a 5% increase over the same period of 2012, but domestic demand still burdens results.
MADRID | By Álex García.
SAO PAULO|By Marcus Nunes| World industrial output and world merchandise trade reached new record monthly highs in October, suggesting that both were solidly above their previous peaks during the early months of the global slowdown in 2008 (by 10.1% and 7.2% respectively), but the real situation is that first indicator has gotten stuck and second registers a much reduced level and growth rate. Therefore, world economy would be still mired in a depressed state.
SAO PAULO | By Marcus Nunes | President Woodrow Wilson signed the Federal Reserve Act on December 23, 1913. Born with the aim of leading to more macroeconomic stability, the US central bank has failed in three major occasions, nevertheless.
With the area opening to greater human activity, the Polar region has once again caught the eye of policy makers (the region was once the site of heightened Cold War activity), who are looking increasingly northward.Will the Arctic be the site of conflict or cooperation?
ATHENS | By Kostas Karkagiannis at Macropolis | In June 2012, at the height of the debt crisis in the eurozone, its leaders decided to create a banking union. Their aim was, as the conclusions of that summit stated, to: “break the vicious circle between banks and sovereigns.” In this case, the sovereigns were members of the single currency whose economies were suffering.
BEIJING|Lan Fang and Li Yan at Caixin| Massive population remains China’s basic national condition, but structural problems of the population are daily becoming increasingly important factors affecting the development of the economy and society. The party just eased the one-child policy, but scholars and members of the public say progress should have been made years ago.
MADRID| By The corner team via Presseurop|In a time when Europe is trying to reinforce its identity it is very difficult to understand that the European Comission has decided to end its financial support to such an intelligent project as Presseurop, the first Pan-european multilingual news and debate site. Its closing down on Friday marks the end of a journalistic experiment with civic dimension, says the European press.