By Ioannis Michaletos, associate of the Institute for Defense & Security Analysis in Athens | The situation may eventually lead to another peripheral war against groups of guerilla and terrorist forces, coupled with a general instability regarding energy prices in Europe.
The size of what is owed could reach up to $3.2 trillion or $1.6 trillion at best. These figures are equivalent to between 20 percent to 40 percent of the country’s GDP.
LONDON | By economist Tim Vlandas | Southern European countries such as Italy and Greece and European liberal market economies such as the UK and Ireland exhibit increases in their replacement rates.
Terrorism is back high on the US national agenda. But how much more can America spend on security? In the new budget submitted by Obama to Congress, Homeland Security would receive a total of 39 billion in discretionary funding. This is just peanuts compared to the total Defense budget, which would reach a total of 857 trillion dollars.
MADRID | What is important is that public debt drops and the economy recovers. And to achieve that, Japan has chosen the opposite strategy than the eurozone’s authorities.
MADRID | By Javier Flores (Asinver) | For some, BitCoin is a bubble, even a pyramidal fraud. For others it’s the future of a free market economy. Worst case scenario, BitCoin could be a bubble, even a scam like Afinsa and Forum Filatélico, the two stamp ponzi schemes that imploded in Spain some years ago. 16,000 people lost their savings.
NEW YORK | A group of the most important Spanish companies presented their report “Spain, land of opportunities” in New York on Wednesday. The Business Council for Competitiveness (CEC), claim to represent more than 35% of Spanish GDP and 1.7 million Spanish employees. This is their side of the story. Economic propaganda, or real data that you won’t see in the FT nor the WSJ’s front page?
NEW YORK | Margaret Thatcher and Ronald Reagan shared a humble background and were both committed to a conservative revolution: fight communism, dismantle government bureaucracies and deregulate key industries.
WASHINGTON | Real salaries will keep falling, which in turn will mean less savings and more private debt, erasing the de-leveraging gains of the last five years.
MADRID | Post-war capitalism, in which the state had a leading hand addressing needs and creating markets, had extraordinary good results.